While there are hundreds of corporate matters that business owners have to deal with, there is one that cannot be ignored. Organizing and efficiently managing finances is critical for business stability and growth. A business that has adequately organized and maintained finances can take better and well-informed decisions. These setups have a higher chance of...
If you’d like to be your own boss, it might seem tempting to start a business from scratch; however, it may be in your best interest to buy an existing franchise instead. Let’s take a look at the various risks involved with each option as well as the costs that you could incur. These and...
Having worked the rat race of the corporate culture has left you depleted and you’d rather do your own thing. You have decided its time now that you devise up that business plan and get to it. Naturally so, the first hurdle here would be getting your self-funded or getting some business capital. Regardless, the...
So, let’s paint an ideal picture here, you are a business and your sales are mostly on debit or credit cards. Now, a merchant cash advance – not technically being a loan – is simply an amount of cash given to you by a financing company in exchange for a certain percentage off your sales,...
The best way to think of a small business line of credit is to think of it as a small business credit card. There are often times when you face a case of uneven cash flow, or you are getting around to scaling your business or growing it; in times like those you need to...
There are times when a bank cannot be your first go-to option, and you have to look for alternative lenders. Could be that you have a bad credit score and you are in a dire need of a fast business loan for your boutique business? Now you could go down to the loan shark on...
Getting a small business loan has become easier and more convenient in recent times. However, although it can be easy to secure one, it may be tough to manage your business finance if the right strategies aren’t taken. Even if you have created a nest for your business and it continues to grow, mismanagement of...
When we hear cash is king, it is true. For a small business owner, having a grip on their cash holdings can be critical to future growth and success. No matter how good your balance sheet or income statement looks, if the cash at hand and cash at bank isn’t showing prominent signs of growth,...
There is no denying that technology has increased access to an individual, and has opened new doors to success and markets. From mobile banking to the use of automated spreadsheet products, technology is at the forefront of providing cutting edge ways to engage with both lenders and borrowers. Earlier, a small business owner might be...
