Leaving your day job to go full-time entrepreneur is as much a financial decision as it is a business one. Will you be able to support yourself during the transition? How will you manage both personal and business finances? Can you successfully navigate the complex world of business accounting and taxes? These might not...
There has been a lot of talk about how hard it is for small business owners to get funding, and perhaps you have experienced this firsthand for yourself. With a good business credit score, you have access to loans which opens up a world of possibilities, from updating equipment and technology to expanding into...
With the holidays here and 2017 quickly approaching, many small businesses are forecasting their end-of-year financials and preparing for new challenges and opportunities ahead. According to Capital One’s latest Spark Business Barometer – a nationwide study of small businesses measuring financial conditions, economic perceptions, hiring plans, and other indicators of small business growth – business...
Coins. We all want ‘em. We all need ‘em. And we should all stop talking about ‘em. At least in the form of the word “coins.” For anyone unfamiliar, “coins” is a phrase used to describe money, especially when it comes to the hustle: “Oh, this webinar is going to help me with my coins.” “I...
One of the biggest myths in the small business and entrepreneurial world is that you need funding to succeed. The fact is, less than one percent of businesses are funded by angel investors and only 0.05 percent get venture capital funding. Most businesses will never qualify for this type of funding and very few will...
What’s drives the value of your business? It’s a question I always ask my prospective clients, and about 99 percent of the time, they answer in the form of a question: “Um, revenue?” Most business owners don’t know where the value of their business is locked up. They’re too busy focusing on growth, profitability, and revenue. But...
High-risk merchants typically are businesses that payment processors and merchant services providers consider to present excessive exposure to fraudulent transactions, default, legal issues or chargebacks. However, the kinds of businesses that fall under this category aren’t always what you might expect. Here’s a look at some factors that could cause a business to be considered...
When launching any business, one of the most important responsibilities that a business owner has is to protect the profitability of the company. A couple of ways that this can be done is through the proficiency in which the business is managed and effectively managing the spending. However, one of the most underrated methods...
[content field="callout1" format="true" class="calloutwide"] A number of years ago a friend, an MBA from an Ivy League business school, asked me what the difference between finance and accounting was. Up to that point I had not thought about it myself since my career had me in both worlds. We talked about it for a little bit, and afterwards...
4 Crowdfunding Mistakes to Avoid Crowdfunding isn’t a new concept but, yeah, lately it’s been getting more popular day by day. There are many famous platforms that host crowdfunding campaigns such as Kickstarter, Indiegogo, RocketHub, Onevest. Needless to say, these platforms are now widely popular places for “Crowdfunders” to look for potential investors who can take their project...
