Business Finance
Business Finance Concerns: How to Get Paid Faster
Approximately 60 percent of small businesses will fail as a result of cash flow issues. Much of this problem is a direct result of payments either made late, or not at all. Billing can be a real nuisance for many small businesses who count on invoices being paid on time and in full to continue profitable operations. […]
How Does Merchant Processing Work?
Most of us know that merchant processing has something to do with running and accepting credit card payments, but what does the process really entail? THE BASICS The first thing to understand is that for every credit card transaction, there are essentially four separate entities involved. The first two groups are obvious: you have the […]
How to Choose a Merchant Processing Partner
You’ve heard the horror stories—the car dealership down the road that got stuck with the faulty terminal and a six year, no-outs contract, or the furniture dealer that’s consistently paid more per month in fees than they were originally told they’d have to—but you know that not accepting credit cards just isn’t a viable option […]
5 Myths of Small Business Loans
Need a business loan? If you’re already setting up camp outside your neighborhood bank and losing sleep over your credit score, it may be time for a reality check on what is—and isn’t—involved in the modern-day process of applying for a business loan. Before you waste any more time, make sure you aren’t falling for […]
11 Things to Do Before Applying for a Loan
Whether you’re a first-time applicant or a seasoned vet, the prospect of applying for a loan can be daunting. However, adequate preparation can make the process a far easier one. Here are eleven suggestions for things to do before you visit the bank or apply for a loan: 1. DEFINE YOUR REASONING Why does your […]
How to Effectively Capacity Plan for your Business
Have you ever looked around your business and found that you have way too much of an item that isn’t selling? Or maybe you spent hours preparing, creating, and filling the shelves only to overlook one key component at the last minute? These are challenges are often created by ineffective capacity planning. Think of it […]
Should I Lease or Purchase Equipment for My Business?
Are you in need of some new equipment for your business but don’t know what the most cost effective option is? Have you thought about the differences between leasing and purchasing? With many different pros and cons, it can be hard to chose. Below are some things to consider before you make a decision. With […]
The Pros and Cons of Business Insurance
The term “business insurance” refers to the wide variety of insurance options that a business may need. A few of the common types of business insurance include general liability insurance, product liability insurance, professional liability insurance (also known as errors and omissions insurance), and commercial property insurance. With all of these options, it may seem […]
New Tax Laws and Your Small Business
The Tax Cut and Jobs Act (TCJA) means a number of changes for small business this year and in years ahead. Smiles abound since the TCJA became law on December 22, 2017, with the implementation of an almost double standard deduction on Form 1040 for 2018– –which increases to $12,000 for individuals, $18,000 for heads […]