As a small business owner, you know how important it is to have easy access to funds. Luckily, there are many ways to get funding, depending on your business. The most common way to get funds is getting a small business loan – a financial tool ideal for most small businesses. Access to small business … Read more
Small businesses contribute greatly to the economy by offering jobs, and local products, paying sales and property tax, and using local vendors and supporting services. This year alone, small businesses have created millions of job opportunities. What’s even more impressive is the fact that these jobs have been created in almost every industry you can … Read more
It’s no secret that starting up your own business can be difficult, especially if you don’t have any money to put into it right away. You may want to consider obtaining a small business loan, which lets you borrow money from the bank and pay it back with interest over time. Banks or other financial … Read more
Owning your franchise can be an extremely rewarding experience, but it can also require the kind of capital that not everyone has lying around. However, this doesn’t mean you should let this goal go out the window. If you have even $100 to your name and have never had a business failure, there are still … Read more
Starting your own business can be an exciting endeavor, but it can also be stressful and challenging. While it is great to have passion and excitement about your product or service, don’t let that blind you to the many pitfalls that come with starting up a business of your own. According to the Labor Bureau … Read more
A line of credit can serve as a convenient and efficient way to quickly get cash in hand for business or individual expenses. Because you only pay interest on the money you actually take out—as opposed to a full loan amount, for which interest accrues on day one—a line of credit is a lot more … Read more
As the popularity of dining out returns to an emerging post-pandemic world, this might be the time to finally take yourself up on that dream of opening a restaurant. But not so fast. Nothing is as easy as that. As the oft-quoted statistic goes, some 60% of new eateries fail before their first anniversary. That … Read more
Accounting may not be the most thrilling aspect of following your dreams with a small business, but keeping track of your expenses is most certainly a foundation of success. Only when the books are in order can entrepreneurs truly focus on their specialties and follow the passions that brought their ideas to market in the … Read more
Business loans are often used to acquire inventory, buy equipment, rent operating space, recruit personnel, and make other essential expenditures when starting a business or growing an existing one. On the other hand, new businesses may find it difficult to get business loans. It may be tough to expand your business without a business loan, … Read more
How Inflation Impacts Small Businesses The Consumer Price Index (CPI) measures the changing prices for goods and services. Inflation often starts with a shortage of products or services, forcing businesses to increase their prices. As prices rise, they trigger increasing costs, making it difficult for businesses remain profitable. Inflation has a significant effect on small … Read more
