For many, owning their own businesses are the quintessential American Dream. Oftentimes, the best way to make your dream a reality is to market a skill that you are not only passionate about but that you have mastered. Whether its handcrafted jewelry or masonry, once you have decided what services you will offer and how they will value your customers, you need the business funding to get it off the ground. In here, lies the tricky part. Startups Have Much to Think About Where will you get the seed money? How you will keep enough cash on hand to handle […]

Unfavorable working conditions like old trucks and unforgiving driving schedules scared away truck drivers, and now the industry is short of an entire 51,000 drivers. In a bid to fill in the gaps, the industry is improving the driver’s experience to lure more staff including women into the sector. C.R. England is one of the leading truck companies in the country. It employs over 6500 drivers. The firm pays novices a starting salary of $40,000/year and the pay increases with experience, with the best drivers earning six-figure salaries. The freight company is currently improving conditions for workers and offering high […]

20% of your efforts account for 80% of the results you get from your business. Identifying your unique strong points and focusing on them is critical to your success. How can your strengths help you effectively sidestep obstacles and achieve greater outcomes? Where can you obtain affordable and secure business funding to grow your business? The answers are in this blog post. How to Concentrate on Your Strengths Usually, business owners and leaders spend a lot of time and energy on strengthening their weak points so to get the best out from themselves and their employees. However, it’s better to […]

It’s no surprise that women face unique challenges when trying to get approved for business funding. Are you a woman having a difficult time in the business world? What business financing options do you have? Keep on reading this article and you’ll know. Business Funding for Women More and more women entrepreneurs are starting and growing businesses in the US. However, research in the field shows that it’s tougher for women-owned businesses to obtain outside funding as compared to men. So, what choices do women entrepreneurs have? Merchant Cash Advance (MCA) Unlike traditional business loans, a merchant cash advance is […]

Drafting a careful budget and adhering to it can make or break your small company. But one way to increase your possibilities of getting through seasonal cash flow crises is to monitor your spending. Here are steps to help you manage your small firm’s expenses during low seasons. 1-Broaden your horizons— get more income streams This tactic has worked before and will continue to help retailers who use it wisely. Let’s face it; cutting costs is good but overdoing it may hinder your growth and potential to get ready for high seasons. And when you cannot reduce expenses, getting business […]

All micro-business financial metrics discussed below are known to pretty much every retailer in the world of commerce. However, this guide seeks to shed more light on these critical aspects of running a business. So what are some key metrics a small firm owner should check? 1-Income/revenue Income is the equal of your total sales. Without revenue, your business is as bad as dead. You can’t pay staff, order product delivery or sustain operations. So income straight away qualifies as the first metrics to put a tail on. If possible, track your daily, weekly, monthly, quarterly, and yearly income to […]

Banks don’t like to take a chance on and approve a traditional loan for a smaller or less-established merchant. There is simply too much risk. Startups and small businesses don’t have collateral, haven’t established enough good credit, and there are too many chances that they could go bankrupt. Though it’s not likely to happen with bank, alternative lenders are willing to help you fund the growth of your company with business funding. Whether it’s through merchant cash advances or retirement accounts, business funding is possible if you open up your mind and consider all of the options. 4 Business Funding […]

Women own more than 11.6 million of the firms in the United States, employ nearly 9 million people, and generate $1.7 trillion in sales, according to the 2017 State of Women-Owned Businesses Report, which was commissioned by American Express Open. Each year the number of women entrepreneurs grows and projections expect the numbers to continue to climb. Despite this, getting business funding for women entrepreneurs can be a real challenge. Only slightly more than 4% of dollars lent to small businesses each year are companies owned by women, according to a report prepared for the U.S. Small Business Administration and […]

In the world of finance, your credit score means everything! The higher a person’s credit score, the higher their chances of qualifying for great credit offers from multiple financial providers. The opposite happens if your FICO rating is low—or if you’ve done nothing to build credit. But due to the tricky nature of life, it is difficult to run away from a low score, at some point, you’ll find yourself below the line.  So the remedy is to fund your company using means that will better your score when you’re good to push your business a level higher. Here are […]

Cash is king when it comes to running a successful small business. To operate smoothly, you will need cash to pay salaries, fund marketing programs, purchase supplies and inventory, cover rent and invest in equipment, along with all other day-to-day expenses. But how do you know how much cash your business really needs? Do you have enough in reserve to weather unexpected financial situations and seasonal fluctuations? The following questions will help you analyze your current cash-flow and determine how much cash you really need: What does your cash-flow statement say? To find out how much cash your business has […]