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Other Sources of Business Funding Small businesses tend to operate right on the edge, which means that most of them will need some financing assistance sooner or later. Unfortunately, getting a bank loan is not possible for a lot of growing businesses. More than half of all business loan applicants are denied, and most of…
Small businesses are the backbone of the U.S. economy and job market. Nearly 95 percent of all employer-operated businesses in the United States are small businesses. More than half of all Americans either own or work for a small business, and they create two out every three new jobs in the U.S. each year. Without…
Running a small business is always a tough thing to do. When you are in charge, you’re responsible for everything that happens, from how customers are served to how employees are paid. As a business owner, it’s tempting to take a hands-on approach to everything that happens under your watch, but that is not always…
If your business is moving through a tough time, cash flow can be a huge struggle. Even when sales are picking up and you’ve averted a real crisis, not being able to pay vendors or staff will stop your operations in their tracks. You may not think that you are lendable when your business is…
3 Ways to Create Better Invoices One of the most frequently used clichés in the world of business is ‘cash flow is king’. Like most clichés, it is absolutely true. On paper, you could have more clients and sales than you ever dreamed of having, but unless the money finds its way to your bank…
If you are a business owner, then you need to increase your company’s growth at every turn. If you don’t, you could miss out on major opportunities to improve profitability and increase your working capital. Instead of falling victim to common pitfalls, use the proven techniques in this article to help you grow your business…
Having good cash flow is great for a small business, but where you spend your capital is critical to your business’ success. Spend on the wrong things, and you could be looking at a quick failure. Spend on the right things, and you’re on the road to profit and success. Here are 6 key areas…
As an entrepreneur you’ll be expected to wear a lot of different hats, the most famed of which is the trailblazer cap. You’re expected to break new ground and offer the audience something that’ll improve their lives. While that’s true, being an entrepreneur is more about sales. Fundamentally, you’re still about selling a product. Here…
Accounting for more than 99 percent of all U.S. businesses, according to the Census Bureau, small businesses are the backbone of the country’s economy and job market. They create many products and services used on a daily basis by consumers and other companies. If you’re an entrepreneur who has a small business, you understand the…
Follow These Tips to Compete Against Large Businesses If you own a small business, it may seem daunting to compete with a large company that has a massive marketing budget and low prices. Nonetheless, you can find ways to successfully compete with them. Flexibility Major corporations frequently have rigid plans and policies that change rather…