For entrepreneurs, the advantages of a plastic credit card – convenience, ever-ready purchasing power – are real. But what many may not realize is that the extent to which a company credit card is used or not used can negatively impact a business’s credit score....
There may come a time in the life of a business when an owner may need additional funding. A dentist realizes he needs to upgrade his computer system to comply with HIPAA regulations. The proprietor of a salon opens the door one morning to a...
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...
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...
There’s no denying that in the restaurant business, menus are important. Not only do they outline what's available for customers, but they set the atmosphere for your establishment: cheeseburger or filet mignon? Casual eatery or fine dining experience? In this article, we’ll attempt to do...
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...
Imagine this: The holiday season is fast approaching and you need to hire extra help. Or the main oven in your restaurant’s kitchen suddenly stops working and if you want to stay open – and you do – you‘ll have to replace it fast. Or...
“When businesses get help, their success rate is 80%; when they don’t, their failure rate is 50% - 80%,” says Claudia Viek, CEO of the California Association for Micro Enterprise Opportunity. And it’s facts like that that underscore the importance of a business being able...
If you’re in business or plan to be, decisions about acquiring equipment come with the territory. Not just what to buy, but also what to consider when making a purchase. In the big picture of things, does an investment in say, a shiny, new, big-ticket “Thiga-magig...