Blog posts tagged with "Business Finances"

Should You Apply for an Unsecured Business Loan?

September 21, 2018
You’ve got the ideas and motivation to start a new business or continue growing an existing company, but without the money, that idea may never be executed.

Pros and Cons of Equipment Leasing

September 19, 2018
Depending on your business’s industry, purchasing equipment may be one of your largest expenses. For example, according to ShopKeep, the average restaurant spends over $100,000 for kitchen and bar equipment, plus another $40,000 on tables and furniture.

Is a Long-Term Business Loan Right for Your Company?

September 18, 2018
Long-term business loans are a popular business financing option that can provide the stability and capital that your business needs to expand. However, it’s important to understand the benefits and drawbacks of a long-term business loan. It’s also vital to consider your business’s needs, current financial situation, and future. In this post, we’ll cover long-term business loans, so you can decide if this is the right option for your company.

How Low Unemployment and Stagnant Wages Affect Employees Looking for New Opportunities

September 17, 2018
What do you consider a great employee wage and benefits program? Do you rely on bonuses to compensate for fewer raises? How much paid time off (PTO) do you offer? Assuming economic trends remain on the same trajectory, these are all questions that US employers will need to continue asking themselves, as attracting, recruiting, and retaining employees becomes more difficult.

How to Select the Right Checking Account for Your Business

September 14, 2018
Regardless of your business’s industry, you should have a checking account for your business. At the very least, it keeps your personal and business finances separate. This makes things simpler when tax time comes around and it protects you from legal liability. Plus, having a business checking account that your clients can write checks to gives you more credibility as a legitimate business.

5 New Payment Options That Your Business Should Consider

September 13, 2018
With the rise of digital wallets, mobile payment applications, and the drive for more digital options, the payment world is quickly changing. In fact, according to recent research from finder.com, an estimated 110 million Americans reported having used a digital wallet at some point in their life, with 75 percent admitting to using them due to convenience. For small businesses, the types of payments you accept will partially depend on your typical clientele and the products or services you offer. However, as we look into the crystal ball of payments, there are five new payment options that could be in your business’s future.

SBA 7(a) Loan vs. SBA Express Loan

September 11, 2018
The Small Business Administration (SBA) has helped countless small businesses reach their goals through their financing options and other resources. The SBA provides several types of loans, based on the how much money a business needs and what the loan will be used for.

What is Seller Financing and Should Your Business Consider It?

September 10, 2018
Did you know that 58 percent of business owners believe seller financing is either essential or important to closing deals today? .This is understandable, because If you need to obtain a significant amount of capital to buy a business, one of the quickest ways to do it is through seller financing.

How to Plan a Grand Opening Event for Your Business

September 06, 2018
After months or even years of planning, you’re finally ready to introduce your small business to the world. A grand opening event is an important aspect of your launch plan and shouldn’t be an afterthought. This is your chance to gain customers, gain exposure, and ensure that your business starts off successfully.

How to Ask for Customer's Late Payments (And Get Paid!)

September 05, 2018
As a small business owner, you rely on every cash inflow to keep your business afloat. Unfortunately, not all customers are diligent about paying their bills, so you might find yourself in the awkward situation of needing to chase down late payments from time-to-time. Although these conversations can be uncomfortable, it’s important to have a system in place to address these situations when they occur. In fact,  it’s crucial because nearly one-third of small businesses fail because due to low cash flow.