More than half of small businesses have not built a credit score. And that can be a major problem when those businesses seek out financing to grow their business. Small Business Trends recently sat down with Rania Succar, head of QuickBooks Capital, to discuss the importance of business credit scores and planning ahead for financing your small business’s growth. Watch the...
The industry of lending money to businesses is booming. We see it every week on Shark Tank - investors investing in businesses or sometimes just offering them a loan (which must be paid back) so the businesses can scale and get to the next level. Loans are often needed to purchase more inventory, to...
Entrepreneur friends, let me ask you something: On a scale of 1 to 10, how excited do you get about reconciling accounts, issuing invoices, and handling other accounting matters for your business? Now, let me ask you this: Did you know there is accounting software that will streamline and automate all of this for...
After you start to make money, you need to put it in the bank and hold on to at least some of it. After all, it’s your money that fuels business growth, provides for needs, and ultimately leads to a lifestyle of freedom, abundance, and charity. I recommend that you have 2-3 months expense...
This is the first in a series of articles on the most important principles of finance. Several years ago I was in an accident, and following it I asked myself, “If I knew that I was no longer going to be able to work, what would I say that would let my message to...
Have you noticed how many skills it takes to be the owner and CEO of a small business? I find it one the joys, and an occasional challenge, of running my own small business. Over the past few years, I have learned a lot about marketing, setting up and maintaining a website, and writing/producing...
Issuing payroll means more today than writing a check. It means navigating a complex set of websites to file various taxes, issuing checks, and maintaining employee and company records. Depending on how many employees you have, it could take a few minutes or a few hours each week to complete your company’s payroll. It...
Sometimes, no matter how hard you work or how dedicated you are to your business, there are obstacles that seem like they are going to be impossible to overcome. One of those obstacles often rears its head in the form of financing. You’ve got great customers who you know will pay, but not right at...
As a small business owner, you are constantly learning new things. It’s exciting to have different experiences every day. Learning how to manage small business finances may not be the most exhilarating part of running a business, but knowing how to leverage the information in your books does help you make savvy business decisions....
Pitching your business is a skill, but one that is important to develop, no matter how small your company is. Capturing the concept of your product or service and conveying it in a compelling manner can win you your next investor, business partner, or customer. If you fail to deliver, you may never get...
