How to Get a Business Loan with Bad Credit
If you have a less than perfect credit score you are not alone. The Small Business Association cited a recent report showing that of all of the business owners seeking funding, 63% of them targeted banks. Of that 63%, only 27% were actually successful in getting a business loan. Even small business owners with a golden credit rating are […]
Will Your Business Survive the COVID Closures?
No matter how successful your business was before the COVID-19 crisis, many business owners are struggling to adapt to this new world and the realities of the current marketplace. If this sounds familiar, you shouldn’t beat yourself up about it. The COVID pandemic was an unprecedented global event that took the nation by surprise, and […]
How To Prepare Your Business for the Coronavirus
With the global spread of the new coronavirus, COVID-19, many small business owners and managers are wondering what they can do to keep their employees, clients, and themselves safe from infection. Though there is still a lot of uncertainty involving COVID-19 and a lot more research needs to be done on the virus, there are […]
How Does The Prime Rate Change Affect Small Business?
It’s official, the Fed recently lowered the prime rate, and many are wondering: how does the prime rate change affect small business? It seems like every financial act impacts small businesses in some way, for better or for worse. Here’s what you need to know about the prime rate change and how it affects small business. […]
What To Do When Hurricane Headed Toward Your Business
The 2019 hurricane season is predicted to have a slightly above average season with 12-14 storms, according to the AccuWeather forecast. Business owners in areas affected by hurricanes should take normal precautions, but to many, the level of “normal precautions” varies widely. Hurricane season is designated as June 1 through November 30th. Within these months, strong […]
SWOT Analysis: What Is It And How To Use It
No matter what stage your business is at, a SWOT analysis can help you strategize and develop your business plan. Why? A SWOT analysis is a compilation of your company’s strengths, weaknesses, opportunities and threats. It may seem like it’s a way to figure out what you already know, but if done correctly, a SWOT analysis can […]
Renegotiate Your Business Lease
In the wake of the COVID-19 pandemic, many business owners are searching for ways to save on their expenses. Renegotiate Your Business Lease or getting a rent abatement are some options, cutting back on inventory, automating operations, or downsizing your staff, entrepreneurs across the nation are having to make some tough decisions about how to navigate through […]
Common Reasons For Businesses Funding
Here is our list of 7 Common Reasons For Businesses to Seek Funding. In the ideal world, small businesses would never need outside funding. Investors would line up outside the door as soon as you announced your startup. You would always have reserves of capital ready for the precise moment you needed to invest in […]
Best Times To Hire: Hiring Tips For Managers
The job recruitment cycle has distinct peaks and slumps that can be crucial to take note of when looking to fill or create new positions. Some industries are outliers, but there is generally a trend that both employers and prospective candidates follow. As a general hiring practice, here’s when you can get the best results […]
Small Business Strategies for Surviving a Tariff War
Lately, the news has been in a flurry with impending tariff threats and trade wars not only with China, but now with Mexico, too. Whenever talk of new (and higher) tariffs arise, the first thing economists do is look at how it affects small businesses. It may seem like American businesses would have an advantage […]