Business Financing

Useful Tips for Getting Your Small Business Back On Its Feet

Small businesses usually don't have enough money to survive through a bad year, so owners have to make careful decisions on how to cut the costs and increase the revenue. Whether it's tough competition, financial obstacles, or being unprepared for rapid growth of business, there are a lot of reasons why many companies end up in debt within five years. So, should you panic? The … [Read more...]

3 Ways to Get Capital in an Industry Downturn

When an economy lags, even established industries are affected. Economists have noted a widespread downturn among conventional industries, leaving scores of businesses in need of capital in order to keep going. Frequently, this happens to established businesses – for example, the oil industry. In April, the New York Times reported that 2016 marks the steepest oil downturn … [Read more...]

Tips for Purchasing an Existing Small Business

Starting a new business from scratch can seem overwhelming. That’s why you may be considering buying an existing business and then giving it your own personal stamp. There are definite advantages to buying an existing business. In most cases, you are buying an established brand, an existing inventory and a customer base. These intangible assets can make your start-up less … [Read more...]

3 Questions to Ask Yourself Before Expanding Your Business

I have an aunt who owns a very successful bakery. In fact, her cookies, donuts, and other sugary treats are so sought after, she now supplies to more than 20 wholesale customers (and turns down many others on a regular basis) in addition to taking care of the retail side of her business. Because of this, many have prompted her to expand, almost pleading with her to open up … [Read more...]

How to Establish Credit for Your Small Business

When you are launching a new business, you are right to focus on how you can make a profit. You research ways to make frugal purchases and to make the most of every dollar invested into your business. You are careful not to spend what you do not have. However, one of the best ways to grow your company is with good business credit. How do you go about establishing a strong … [Read more...]

Keys to Raising Business Capital

Whether you are a startup or existing business, having sufficient capital is essential to growing a successful business. The lack of capital is also one of the primary reasons why many good ideas never develop into a business or why some companies never take that next leap into scalability. But once you understand where to find it, raising the necessary capital for your … [Read more...]

Going on a Business Shopping Spree with Your Personal Tax Return

According to USA Today, the average 2014 tax refund will be more than $3,000. It’s tempting to use that money to take your family on a nice vacation, splurge on those designer duds you’ve been eyeing, or on some other guilty pleasure. But what if you took that money and invested it into your business? Now, I’m not talking about simply transferring your refund money from your … [Read more...]

Challenges Unique to Being Self-Employed (And How to Overcome Them)

The rest of the world seems to look at those of us who are self-employed as being fortunate. And, for the most part, we are. Certainly, we have more control over the levels we are able to reach professionally, we can dictate our schedules more freely, and we are more able to determine how much money we make more so than if we work for a regular, hourly wage. However, … [Read more...]

The Way to Use Credit Cards That They Don’t Want You To Know

Chances are if you are reading this then you already know the dangers of debt. The fact of the matter is that debt is a two edged sword. Debt can cripple anyone if they aren’t careful and some people have even shied away from debt entirely. Having debt can creep up out of nowhere on a person or a business and they can find themselves owing a lot more than they originally … [Read more...]

Business Growth Through Buying Rocks

If you’re like most business owners, growing your business is one of your top priorities, but knowing how to go about it is a constant struggle. The concept of business growth is actually a simple one, but too many times people overcomplicate things. I took a recent trip to Kenya, during which I taught a group of small business owners how to grow their businesses by … [Read more...]