No matter how large or small your business may be, and regardless of what type of industry you operate in, it’s crucial that you use wise financial practices. One of the biggest challenges you’ll face when you start a...
In both personal matters and business needs, it’s ingrained in people’s minds that when they need a loan, they head to their local financial institution to discuss their options. While this might be the right move for you in...
As an entrepreneur getting a new small business off the ground, it’s almost inevitable that you’re going to have some financial challenges at the outset. This is why so many small businesses seek funding. However, there are numerous options...
No one ever said starting a business is easy. No matter how optimistic you are as an entrepreneur, realistically, you understand that opening the doors to your new small business won’t come without some challenges and roadblocks. It’s common...
Running a business carries inherent risks and presents many challenges. You knew this when you started your business, but when reality hits, and cash flow is poor, you need to make some quick decisions. There are several options to...
Money is the life force of any business. In order to survive, thrive and grow, your business will at some point likely need an infusion of cash. For successful enterprises, this need for funding usually comes when it is...
Franchising has become a popular way for entrepreneurs to open businesses. Rather than creating a new brand, the franchisor offers a brand identity along with providing operations, marketing, site selection, and other types of support. While evaluating which franchise...
Some businesses are born when two ideas come together and prompt the formation of a partnership. Other times, business partners are added to an operation that lacks in its leadership certain beneficial attributes. Whatever the case, the decision to...
Business mergers are often complex deals that require diligence and extensive planning to execute successfully. Companies attempting to merge often overlook or downplay critical details that can damage the process and cause problems later. Missing a few key points...
A business line of credit is a financing tool that can help companies manage cash flow, particularly during periods of growth or while waiting for payment from customers. Depending on the source, you may need to take different steps...