What Small Business Administration Loans Can Do to Fund Your Next Venture Every business has different needs, and no financial solution is one-size-fits-all. We will review your choices to make SBA work for you so that you can review this source for capital sustainment. Funding your business is one of the first — and most important […]
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Starting a business is no small feat, particularly when resources are limited. Bootstrapping, or building your business from the ground up with your own personal savings, is a robust alternative to relying on external funding. This guide is for entrepreneurs seeking to successfully bootstrap their startups, focusing on financial prudence, resource optimization, and sustainable growth.
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Running a successful business requires a clear understanding of its finances. Grasping these finances takes a lot of planning and organization, but it’s essential that you do so. Unfortunately, this is a major challenge for many small businesses. To help you master these skills more quickly, here are eight common misconceptions people have about small
Misconceptions About Business Finance and Funding Solutions to Get You Money Read More »
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 »
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.
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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 »
Do you want to start a business? Do you feel that business ownership is right for you? Ready to launch? Starting a new business can be an exciting but also daunting prospect, especially regarding funding your dream. As a business owner, consultant, and coach, I have seen many businesses succeed and fail due to their
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