Key Performance Indicators (KPIs) are essential metrics that help business owners monitor the success, performance, and potential areas for improvement in their operations. For a small business, the choice of KPIs often depends on the industry, but there are universal KPIs that apply to almost all types of businesses. Every successful business, regardless of size,
In lending, when we look to see if a client is fundable, we are looking for one of the four Cs. But if you want money for your business, you only need one C to qualify. The first C is Cash Flow. When you have an existing business with good cash flow, you can qualify
Which Four “C”s Will Improve My Business Funding Power? Read More »
Starting a business is an exhilarating journey, but the road to success is paved with more than just passion and energy. It requires a solid roadmap, which, in the business world, is your business plan. In this guide, we’ll break down how to craft an outstanding business plan that not only draws investors but also
Writing a Business Plan for Ambitious Small Business Owners Read More »
What makes up your business credit score? What gives you the best chance of getting a loan? Here are a few factors that play into your business credit picture and how you can make the most of them: 1. Payment History Payment history is a critical component in determining a business’s credit rating and its
4 Factors That Vastly Affect Your Business Credit Read More »
A lot of people don’t understand the consumer credit system. And many more don’t understand the business credit system. Today I’ll cover some common business credit myths and explain what can be learned from them. Myth #1: Business Credit is Just Like Personal Credit This sounds like it ought to be true, but it isn’t.
We Need to Debunk Three Business Credit Myths Read More »
The main credit score used in the business world is the PAYDEX score from Dun and Bradstreet. This number assesses a business’s lending risk. It is much the same as a consumer credit score, which reflects a consumer’s individual credit risk. PAYDEX is more or less the business equivalent of your personal credit score. The
Why Does The Dun and Bradstreet PAYDEX Business Credit Score Matter? Read More »
In recent years, the startup scene has witnessed an unprecedented boom. From tech to health, education to environmental solutions, startups have been springing up, promising to revolutionize various industries with their innovative ideas. Entrepreneurship is a vehicle that can take you from your 9-to-5 job to financial freedom. However, according to data from the Bureau
Reasons Startups Fail – Future Founders Beware! Read More »
How can small businesses benefit local communities? Small businesses are the backbone of local economies. They have a significant impact on the growth and development of a community. By supporting local economies, small businesses help create a thriving environment where community members can live, work, and prosper. If all the businesses were run by corporate
7 Ways for Small Business Growth Through Giving Back to the Community Read More »
Many people may feel afraid to take the leap into part-time entrepreneurship because they fear failure or lack confidence in themselves and their ideas. However, it is important to remember that taking this risk can lead to both personal and professional growth. Even if your venture does not end up being successful, you will still
Day 10: Why You Shouldn’t Be Afraid to Take the Leap into Part-Time Entrepreneurship Read More »
Keeping track of your data as a part-time business owner can feel overwhelming, but it is essential for success. The data you track depends on your business. Thinking you can wing it without tracking your data is a recipe for disaster. You need to understand this information to improve and grow your business. Here are
Day 9: How to Use Data to Improve Your Part-Time Business Read More »
