Retail business is one of the oldest types of business on Earth. Anytime you buy wholesale and sell at a profit, you have a retail business. There are, generally speaking, seven different types of retail business: Department store Supermarket Warehouse retailer Specialty retailer E-commerce Convenience...
Two entrepreneurs, let’s call them Mark and Luis, went to their local Business Development Center back when each of them was soon to launch a new business. In one of the workshops they attended there, they heard: “A revolving line of credit is a flexible method...
Happy customers come back. Disgruntled ones take their business elsewhere. Who among us hasn’t experienced a rude clerk or waitress, and as a result vowed, “I’m never going back there”? Or the opposite – smiled all the way home from a store or a restaurant...
If you're not familiar with the word, “Fintech,” you need to be. Given the impact it’s having on the financial industry (and on small businesses, in particular), it is quickly becoming the way the modern user has come to understand money. The word is a mashup...
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...
They’re out there: consumers who really, really want the products or services your business has to offer. The only thing holding them back from making a purchase? Uncertainty about how to pay for it. There’s a good chance they’re among the 60% of the population...
Preparing Your Business For the Busiest Shopping Time of the Year For some busy business owners, the holiday season isn't as jolly as they’d like it to be. They find themselves abnormally busy, caught off guard, understaffed, exhausted and unable to enjoy the joyful time of...