Blog posts tagged with "Small Business Tips"

How the Tax Reform Will Affect Small Business Owners

January 20, 2018
The Tax Cuts and Jobs Act of 2017 (TCJA) has two kinds of provisions that affect small business owners. The first kind contains changes that affect income, expenses, and taxation of businesses. Changes include special breaks in the new tax law for certain industries. The second kind of provision affects personal income taxes, including those of small business owners and especially ones that operate pass-through businesses – sole proprietorships, partnerships, limited liability companies (LLCs) and S Corporations.

The Pros and Cons of Getting a Bad Credit Business Loan

January 19, 2018
Do you need additional business financing? Unfortunately, if you have a low business credit score, you may feel like securing a loan seems unfeasible. Many banks avoid loaning money to individuals with low credit scores, making it challenging to find financing. Still, there are bad credit business loan options available, but you should weigh your options prior to applying.

Differences Between Personal and Business Lines of Credit

January 18, 2018
It can be difficult to receive business financing, especially for startups. Due to this, first-time entrepreneurs may be tempted to finance their venture using a personal line of credit to avoid the extra hoops of acquiring a business line of credit. To help you decide which option is best for your business, consider the differences between personal and business lines of credit.

Six Quotes from Inspiring Women Entrepreneurs

January 18, 2018
As a business novice, you likely look to more experienced entrepreneurs for sound advice. Whether you’re looking for guidance on how to start a business, build a team, or stay motivated during trying times, there are many knowledgeable women business owners who you can gain inspiration from.

Secured Vs. Unsecured Credit Cards for Your Business

January 17, 2018
Credit cards are one of the easiest ways to finance a growing business. You have two options when it comes to using credit cards: secured or unsecured. When choosing a card, there are specific reasons to choose one over the other, depending on your business’s needs.

How Much Should You Pay Yourself as a Business Owner?

January 16, 2018
Running a small business can be challenging. You are faced with many financial responsibilities, such as following a budget, paying bills, and saving money for future endeavors. One area that many business owners overlook is paying themselves. Instead of rewarding themselves for running a successful business, they often starve themselves for cash, which in-turn negatively affects their personal lives.

5 Costs to Cut from Your Business’s Budget

January 16, 2018
Managing a small business budget isn’t an easy task. Many business owners find themselves being unsure of how much to allot for each area, which can be a detriment to their operations if they overspend.

How to Overcome Five Common Business Challenges

January 15, 2018
Sustaining growth and profitability while simultaneously managing marketing campaigns, maintaining day-to-day administrative tasks, and ensuring a high-quality customer experience can be difficult for any company, let alone a small business. Fortunately, modern technology and strategies can significantly improve workforce productivity.

When Should You Apply for a Line of Credit?

January 12, 2018
When it comes to financing, one often overlooked option for small business owners is the commercial line of credit. A line of credit is an agreement with a lending institution to provide access to cash up to a certain amount. You pay interest only on what you’ve borrowed, though some institutions may charge a maintenance fee for keeping it open.

Is an SBA Loan Right for Your Business?

January 12, 2018
As a small business owner, one component that you likely consistently worry about is financing. If you are unable to afford necessary expenses, it could be difficult to keep your business operational.