As a small business funder, we commonly see business owners pay off debts faster, ahead of their scheduled payment plan, to save on fees and free up cash flow. This is an excellent strategy to save money on interest when taking on debts. Before you dive in and pay off debts faster, you’ll need to
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No matter what stage your business (or even business idea) is in, you can always improve yourself with books for entrepreneurs. Some of the most successful business people start their day listening to educational books on tape, as reading books for entrepreneurs can be time consuming in the already busy life of a business leader.
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,
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
With cash flow being the number one stressor of owning a business for many entrepreneurs, it’s no surprise that there are DOZENS of options of software that can forecast and manage cash flow. While many are similar, each has its own set of functions and price that will work best with your business. Consider what
Having excess cash to invest is every business owner’s dream. But then comes the question, where do I invest my extra business cash? Having money sit idle is a lost opportunity for gaining returns, but it’s also important to have liquid reserves in case of an emergency or opportunity. Smart business owners know that cash
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
The transition from founder to father (or father to founder) is typically one met with much anticipation. Neither roles are easy, and both are extremely humbling. Dads are doing much more work as caretakers of their children, and they’re discovering along the way that there’s some really helpful life lessons that can come from that.
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
So you’ve got your business. That’s great! Coming up with an idea and getting started is often the hardest part of entrepreneurship. Whether you’re just planting your roots or moving from another location, how to determine the right location for your business is often a challenging task. It’s a big decision that affects many factors,