As a business owner, it’s your responsibility to ensure that your business is well fortified against heightened financial risk, but there are numerous elements which can jeopardize the standing of the business, such as poor record-keeping, the unbalanced distribution of supplier risk, and failing to keep up with trends. So how do you keep your business afloat? In this article, … [Read more...]
It can be difficult to find that your company is struggling financially and can’t get a loan due to a low credit score. Building business credit is a vital part of running a company, and that score is going to affect everything from loan interest rates to what types of credit lines you can open. Luckily, most small business owners can greatly improve their credit scores in a … [Read more...]
Free marketing strategies do exist, but there may come a day when you need money to market your products and services to generate more revenue.If you don’t have cash, a loan might be an option. But you may not have or want to put up the collateral such as stocks, a savings account, or a vehicle that lenders require to secure a loan. So if you don't have available cash to … [Read more...]
It is never too early to start developing good financial habits so you are prepared for retirement. While these habits benefit will benefit you greatly in later life, they will also help you learn to live within your means to enhance your life now. Here are seven financial habits you should start implementing now to set you up for long-term financial success. Raise Your Credit … [Read more...]
U.S. military veterans and reservists have developed personal attributes such as determination, adaptability, and a willingness to take calculated risks. They’ve learned and developed these attributes through study, hard work, implementation, and by experience. These attributes are also the characteristics that make for successful entrepreneurs. One key hurdle for veterans … [Read more...]
Lots of hopeful entrepreneurs have an idea that could make a great business, but unfortunately, lack the money needed to get it started. While the logical next step would be to look to banks to launch a business, most new establishments have a hard time getting funds using this route. Banks are often reluctant to lend funds to individuals who have no proven track record of … [Read more...]
Establishing and maintaining good credit for your small business can help you secure low-interest loans and to negotiate favorable terms with your suppliers. A good credit rating also can help you attract new business, since potential clients may check you business score as a way to gauge your reputation and your credibility. What is a small business credit score? Just as … [Read more...]
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...]
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