Many small business owners view a sudden surge in their growth rate as a great situation. They enjoy widespread brand awareness, see an increasing number of orders come in and have an immediate boost in cash flow. If you’re caught off-guard by increased demand, small business growth can turn into a damaging force for your company. You need to have a strategy to handle this occurrence before it happens.
If you want to see more profit on the profit and loss (P&L) statement, you face two options: increasing sales and cutting costs. Both are solid choices and can produce desired margins. Because of that, you will want to use both options to ensure consistent cash flow. But when a cash flow crunch hits, you need to cut costs, now. You can if you know these 25 cost reduction strategies.
Legitimate deductions aren’t always that straightforward – in fact, some of them are just downright strange and funky. Here are some super weird tax deductions for small businesses that are totally legit and you might want to consider this year.
Alternative lending is big business worldwide. If you conduct a Google search on “alternative lending,” “alternative lenders” or “alternative lending statistics,” you’ll see posts going
Lending requirements aside, how much money you can qualify for is the most commonly asked question. It’s an important one. You should know how much money to realistically expect a lender to give you.
This guide provides an overview of federal tax filing for small business owners operating as a sole proprietor or limited liability company ("LLC"). Even businesses who rely on an accountant or other professional to prepare taxes should be aware of the process and requirements related to the annual filing of income taxes. The information below includes details on required forms, documentation to collect and keep, common deductions, deductions to avoid, filing deadlines and online resources.
More than ever, this is the time when a good business credit score will solicit hearty approvals for all your credit requests. If you haven’t yet established business credit or have an unsatisfactory score, you may need to start with some groundwork before reaching out to lenders and suppliers.
As a small business owner, taking out a business loan can certainly help you grow your business. The problem, however, comes if you as an owner fall into the trap of taking out multiple loans at the same time (also known as “loan stacking”).
Small business owners always face challenges; however, they need not face them alone. RapidAdvance is here to support you with thought leadership, education, and partnerships with the SBA and NSBA.
At some point, your business will need to bolster its capital through business credit cards, small business loans, lines of credit or charge cards. Accessing capital is easier and quicker when you have a good business credit score.
