With unemployment at its lowest level since 1969, it is more challenging than ever for businesses to find the best, most talented employees. There are more jobs available and fewer talented people to fill them, which has led to greater selectivity and willingness to change jobs if a better offer comes along. In addition, employers have to compete to hire …
What to Do When a Bank Declines a Business for a Traditional Loan
Banks frequently refuse loans to small businesses as running a business is a risky venture. When a bank turns down your application for a business loan, try one of these alternative financing solutions. Here’s what to do when a bank declines a business for a traditional loan: Research Available Government Grants Grants, subsidies, and various government loans may provide an …
Understanding the Difference Between an SMB and a Start-up Business
SMBs and start-up businesses may struggle to compete with global organizations. Understanding the differences between SMBs and start-ups may help uncover some of the potential obstacles these faces tend to face. What Is an SMB? A small to mid-size business (SMB) is typically defined as a business with fewer than 1000 employees. You may also categorize SMBs based on their …
Factoring 2020: Gain Immediate Cash Flow Using Unpaid Invoices
If you struggle to obtain funding through traditional lenders, factoring provides an effective alternative. The process is simple. We buy accounts receivable (invoices) from businesses and then collect payments from clients. This streamlines the collection process for businesses, leading to several useful advantages including faster access to cash and increased back-office efficiency. Unpaid customer invoices give businesses access to immediate …
5 Reasons You Should Create a Budget
All too often, people with good jobs and healthy bank accounts eschew the task of creating a household budget. They assume budgets are for the financially struggling who need to count their pennies to avoid bankruptcy or worse. Yet you can not plan for the future based on such assumptions. For anyone with goals — even if the goal is …
How To Determine If Filing For Bankruptcy Is The Right Route For You
Filing for bankruptcy may feel like the last resort/only solution available when you have reached a point where you don’t know how to get out from underneath financial debt. The problem is, many are fearful of taking this drastic step due to the negative impact it can have on your credit score. In some cases, your score could drop anywhere …
The Best Small Business WordPress Themes
Your business’s website is sometimes the first impression someone has of your company. WordPress is the platform over 32% of all websites use to build their site. Picking the best small business WordPress themes can be do-or-die for your success. You want to make sure your theme is not only an eye-catcher for your clients but also easy enough for …
What A Good Credit Score Can Do For You
Stated by a credit repair company in Dallas, it’s essential to know your credit score before making important financial decisions such as applying for a car loan or mortgage. Getting a copy of your credit report shows you how lenders view your creditworthiness and reveals areas where you can improve if your score isn’t so hot. In this article, we …
Budgeting Tips Every Entrepreneur Should Know
If you want to succeed in your business, then you have to make a budget every year. This is because everything in your organization, including putting up a simple advert such as “we buy houses in Pittsburgh” will require you to spend money, and if you finance it without a plan hoping that numbers will work out themselves, you will …
Considering Buying a Bar?
What License Documents need to be considered when buying a bar in the US? Starting any business can be cumbersome, leave alone one in the brewery industry. Most people, therefore, prefer buying an already set-up business and work in the logistics of running the operations. Still, there are many variables to consider throughout the processing and purchase of a company. …