One of the best ways to protect your business against a recession, or any other unforeseen circumstances (such as a drop in revenue or sudden cash flow shortage), would be to secure additional working capital. A common financial option that small business owners often utilize is a line of credit. Below are some of the […]
Many small business owners know the stress that can be endured when it comes to managing their company’s finances, as there are endless things to keep track of. Unfortunately, there is no one universal way to managing financial stress as a business owner, but below are some helpful tips that can help alleviate some of […]
Since we are now well past the halfway point of the year, it is time to start thinking about how you as a small business owner are going to finish the year strong. If your numbers are currently down or even if you are way ahead of last year, below are some simple tips that […]
If your small business needs a source of additional working capital or business financing, there are a wide variety of sources to choose from, whether it be from a bank, credit union or an alternative lender, among other sources. But with so many sources claiming to offer business financing with competitive terms and conditions, small […]
As a small business owner, increasing revenue can be achieved without a significant investment, purchasing a new building or implementing major marketing initiatives. Below are some strategies that could potentially help increase revenue with minimal effort/cost. Stay in contact with clients: Your clients chose todo business with your company, which as a small business owner, should […]
Additional working capital can be a game-changer for small businesses. It enables them to accelerate growth, overcome cash flow challenges, and navigate economic uncertainties. By strategically using working capital, businesses can set the stage for long-term success and sustainable growth. Seizing Opportunities Every business encounters opportunities for expansion, whether it’s scaling operations, launching new products, […]
Running a small business requires the owner to often times work long hours everyday, to handle almost all of the day-to-day tasks, and having to sacrifice their weekends and time with their families or friends. If this is a continuous trend, the business owner will almost certainly begin to start feeling overworked or burnt out, […]
Tips to Improving Credit Score As a small business owner, it is important to understand that your credit score measures your ability to manage debt. This is especially important if you are in need of a business loan or any other form of financing. In the eyes of lending sources, the higher your score is, […]
Common obstacles for small business owners and tips to overcoming them. Small business owners are faced with various obstacles while running their companies from cash flow issues to time management, among others. Below are several common issues faced by small businesses and tips regarding how to best overcome them unscathed. Natural disasters and other interruptions […]