Why Minorities Have A Harder Time Finding Funding
When looking at the demographics of business loans for minorities, there is a noticeable gap between approval rates for non-minority business owners and minority business owners. Minority owned businesses have a harder time funding funding and getting approved for loans, the reason for which is attributed to many factors. A 2010 study titled “Disparities in […]
Last Minute Holiday Gifts For Bosses
After the in-laws, gifting your boss is probably the hardest person to shop for on your list. Really, what do you get someone who makes more money than you? Who knows how much you make? Who you want to thank immensely without being too much of a goody-goody? It doesn’t have to be holiday gifts […]
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 […]
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 […]
How To Prepare Your Business
For the Coronavirus (COVID-19) Pandemic 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 […]
Back to School Business Funding
Kids and teens aren’t the only ones with back to school needs, business owners are searching for back to school business funding, too. Back to school business funding is a loose term that refers to the end of summer needs that business owners have. Seasonal business owners often find, depending on the industry, that their […]
What Does the Stimulus Bill Mean
Though this is a difficult time for small business owners, there are several bright spots on the horizon that could affect your business in a big way. One of those is the stimulus bill, also known as the CARES Act, that was passed through Congress last month and signed into law on March 27. While not […]
How to Avoid Small Business Loan Scams
From charity and phishing scams to pandemic debt settlement scams, business loan fraud issues are at their worst ever today, and scammers continue to find innovative ways to prey on the unwary. Many firms rely on business loans, yet business lending is also plagued with scams. Fraudsters operate both within and outside the United States, […]
How to Manage Finances in Business
A business owner’s to-do list is never-ending! You may be an expert at building and marketing your products or services, but you may not have the experience to master your business’ finances. When you’re caught up in the daily grind, it’s tempting to avoid the burden and confusion of financial decisions until the very last […]
Business Debt Consolidation
During their inception, small businesses need all the help they can get to expand their operations, pursue a new opportunity, or acquire assets. Thus, it’s not surprising that small businesses apply for funding to get their hands on enough working capital to grow. Unfortunately, approximately 70% of small businesses also have outstanding debt. With owners […]
