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Leaders Listen: Leadership Lessons from a Longtime Entrepreneur
Theodore Roosevelt once said “People ask the difference between a leader and a boss. The leader leads, and the boss drives.” When I endeavored to put my thoughts on paper about what it means to be a successful leader, I realized that it would be more effective to understand my leadership style from someone who […]
Expansion Capital Group’s CEO Joins MonJa’s Small Business Lending Interview Series
Funding $350m+ but also prepared for a potential downturn – Interview with Expansion Capital Group In these interviews with lending industry leaders, Monja covers their stories of success, challenges, and secrets of their competitive advantages in small business lending arena, as well as their perspectives on the online lending industry overall. Click here to listen […]
Your Recession-Proof Checklist
It’s easy to forget that the 2008-2009 recession was just a decade ago. Today, the national unemployment in the United States sits at just 3.7% percent — a far cry from the record high 10% hit in 2009. Although there is no stock-buying mania on Main Street like there was in 1999, and no economic […]
How Small Business Should Think About Financing in 2019
It’s no secret that over half of small businesses close their doors within the first five years. One of the critical problems that often occur has little to do with the innovation, ingenuity, or work ethic of the small business owners themselves, but rather the lack of access to sufficient capital to cover the ebbs […]
Win-win internships
Successful internship programs aren’t just for big employers with sprawling HR departments. In fact, internships present advantages that are skewed specifically for small businesses. That’s not to say they’re ideal for every small business. Generally, they’re not. Most notably, if your business is organized as a sole proprietorship, neither you nor the intern will likely […]
5 Tax Tips to Save Small Businesses Big Cash
Being an entrepreneur and operating your small business is a lot of hard work, but it’s also extremely fun and rewarding. Taxes, on the other hand, are a by-product of owning a business, and they’re usually neither fun nor rewarding. In one survey, approximately 93% of small business owners overpaid on taxes for a number […]
Stay in the safe zone when interviewing for a new position
As a small business owner, you’re accustomed to wearing lots of hats—probably including human resources manager. In the absence of a dedicated and trained in-house HR professional, you may find yourself interviewing job seekers—either in person, by phone or in an electronic format. Before you interview a job candidate, it’s a good idea to have […]
Tips for optimizing mentor relationships
You probably had a mentor at some point in your career. If you run a small business, you may have one now. Someone you turn to for advice. Or a trusted sounding board. And while the benefits of having a mentor involve soaking up knowledge from someone more experienced, the benefits of being a mentor […]
Should you lease or buy equipment
No matter what category of commerce you’re engaged in, your small business almost certainly uses some kind of expensive equipment. Think manufacturing equipment. Specialized tools. Computers and peripherals. Vehicles. Accounting for the cost of these machines raises a complex series of questions. But one of the top priorities is deciding initially whether to buy or […]
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