As an entrepreneur, you are largely responsible for your business growth in the beginning. You probably took on many of the tasks that would otherwise be handled by other departments or executives, such as human resources, accounting, and IT....
Being the owner of a company can be a challenge, especially if you hit a rough patch and your revenue slows down. When your credit rating is affected by your sales, you must have another financing option in the...
If you can qualify for a small business loan, your company has access to one of the best sources of low-interest capital. Loans that are backed by the Small Business Administration are friendly for owners, offering amazing terms that...
Factoring is a flexible, fast way to boost your business’s working capital. It can come in very handy when you need funds for payroll, lease payments, inventory purchases, and other important expenses. You can even use the funds to...
One of the best ways to expand your business is by acquiring or merging with a competitor. You can also merge with companies that provide alternative or complementary products. These strategies can reduce your competition and give you valuable...
As a business owner, you have to make a lot of challenging decisions. During your growth and startup phases, you likely need to get equipment. However, the choice between leasing and purchasing can be challenging. These are signs that...
The term cash flow is a great description of the money your business takes in and spends. Like a flow of water, your working capital needs to move smoothly. If you find yourself without money at important times of...