Did you know that the American small scale business is family-owned? A whopping 90% keep it in the bloodline, but two-thirds have encountered difficulties in the process of transferring ownership to children or relatives. Why? Let's take a look. One family's story Decades ago a young man...
There’s no getting around it: you’ve got to have money to run a business. Because of that, how to get a business loan is foremost on many entrepreneurs' minds. It’s not unusual for small business owners to initially think of a bank as a logical...
“Success breeds success,” motivational speakers at business luncheons like to say. When a company regularly turns a profit and gets rapturous Yelp! reviews, it’s only natural for the person in charge to consider the possibility of cloning that success at a second location. And why...
Congratulations! You’ve applied for – and gotten – a loan for your small business. You’re eager to put the money that’s now in the bank to work. Sure, you wish you had more, but by using your funds wisely, you can increase the odds of...
There are real advantages to having an available credit line for your small business. With an available line of credit, you have access to an approved sum anytime you need it. The money’s yours to use (or not) as things evolve. Unlike term loans, which...
Got a couple of different credit cards in your wallet? A lot of people do. In the world of our wallets, it’s a widely accepted practice to carry a MasterCard and a VISA and maybe even one of those new Citibank Costco cards, too. And...
Things were finally coming together. They had started the business on a shoestring with their personal savings. Orders were coming in regularly. They knew they would soon need to hire more people and move to a larger facility; one considerably bigger than their current two-car...
Brian and Jack met while working on the same team at a large company. In their spare time, they created a software-as-a-service product for the healthcare industry. They set up their headquarters in the corner of a friend's office space, but then the orders began...
Short term loans are often the answer to the question, “What’s the best way to meet these expenses?!!” Notice the exclamation points? They’re there because it’s not unusual for that question to be asked by an anxious business owner in the midst of a stressful...
Your business is humming along -- powered, in part, by the pricey equipment a lender financed for you a while back. It’s vital to your business and worth every penny you faithfully pay on that large loan every month. But the payment is a sizable...