How to Manage Small Business Debt
As a small business, keeping your head above water and planning for growth can be a delicate balance. There’s a certain truth to the saying
As a small business, keeping your head above water and planning for growth can be a delicate balance. There’s a certain truth to the saying
Applying for a business loan can be a tense time, and especially if you’re just starting out. If you haven’t had a chance to build a solid credit record, or you have concerns about your current credit file, you may not rate your chances with the bank. And it’s true that many banks and traditional lenders will want to see at least two years of promising business operations or a decent amount of collateral before they will even consider you for an SBA-backed loan, because they see you as too much of a risk.
You face a lot of challenges as a small business owner. From effectively getting the word out about your services to keeping your employees engaged and productive, you have a lot on your plate. Here are the top five books that you should put on your reading list for figuring out how to increase profitability and improve your hiring.
Credit cards offer many benefits, but it’s difficult to qualify for one if you have bad credit. One of the reasons that lenders shy away
When you think of a CEO you might imagine them to possess stereotypical characteristics: years of experience, confident, extroverted, self-promoting and a risk taker. But are these traits naturally typical of every head honcho in the land, or can anybody develop the techniques and traits that will set them apart from other executives? In this article, we’ll explore five of the most common characteristics of successful CEOs, and how they can be applied to drive personal and business growth.
Your marketing campaign puts your restaurant on the road to long-term success, develops repeating customers, and builds awareness for your restaurant. Consider these ideas when you’re putting together a marketing strategy for your restaurant.
Rate hikes have been all over the news lately, but what does it mean for your small business? The increase from 0.5 to 0.75 percent was picked by the Federal Reserve with the country’s economic growth rate and inflation rates in mind. They’ve only adjusted the rates once since 2008, so this move is getting a lot of attention. What’s more, there’s a good chance these rates could go up even further in June.
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.