Getting “ghosted” is never a good thing, especially when it comes to your credit scores. They can determine whether you can borrow money for your business, and how much borrowing will cost you. When you have little or no credit history, you’re essentially a “ghost” to the credit bureaus. Being a ghost can mean paying … Continue reading The Money Problem That Could Sink Your Business
In the world of finance, it’s common to hear people bragging about their credit scores. These badges of money honor are one famously important indicator of how accomplished a consumer appears. The higher, the better, and so – when talked about openly – it’s most often the big numbers you’ll hear about. What about those … Continue reading What’s the Lowest Possible Personal Credit Score You Can Get?
Former Congressman Chris Chocola, R-Indiana, once said that one of the earliest lessons he learned in business was that balance sheets and income statements were fiction, and that cash flow was the true reality. Investopedia defines “cash flow” as the net amount of cash that moves in and out of a business. A cash flow … Continue reading Tried & True Ways to Increase Your Cashflow in Just One Month
There are many good reasons to hire veterans. Their discipline, work ethic, and focus on getting things done can be an asset to many small businesses. But there’s another incentive that often gets overlooked: a tax break. The Work Opportunity Tax Credit (WOTC) can provide a substantial tax incentive for your small business when you … Continue reading Help Your Small Business: Hire a Veteran
The holiday shopping season traditionally kicks off with Black Friday, the annual shopping holiday the day after Thanksgiving that brings retailers “into the black” for the year, indicating a profitable period. But Black Friday alone is rarely enough to compete and make a profit in today’s market. Instead, many business owners run holiday sales to … Continue reading 7 Ways to Make a Holiday Sale Actually Work
For entrepreneurs, time is money. And unlike money, which you can generate with the right strategies, you can’t create more hours in the day. So it’s understandable that when it comes to finding small business financing, some business owners will go for the fastest and easiest financing, not realizing how that may impact their business … Continue reading 3 Reasons the Easiest Loan to Get May Not Be the Best Loan