A line of credit is one of the most flexible and convenient methods of funding for small businesses. Once approved, you can draw funds as you need them, and once the balance is paid, the same amount is available to...
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While staffing companies may only represent about two percent of the workforce in the U.S., they are still an essential part of the economy. In fact, statistics show there are around 17,000 staffing and recruitment companies with more than 35K...
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Many businesses’ revenue streams rely on certain pieces of equipment. Depending on your industry, buying brand new equipment outright can be quite an expensive investment, and repairs or upgrades on the equipment you own can put a significant financial strain...
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Running a startup is less difficult when you have a business partner by your side. As challenges arise and times get tough, motivation can sink. Thankfully, you have one another to lean on and boost spirits. Here are a few...
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If you own a small business, scalability is critical for success. You can define scalability as a business’s ability to effectively handle an increasing number of orders, purchases, and customers. Increasing sales revenue over time and growing your customer base...
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Owning a franchise can be one of the best ways to get ownership experience in almost any industry because you have the benefit of working with a business model with proven success. Financing that purchase, however, can get tricky because...
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Most businesses, small and large, require additional financing at some point or another. As a small business owner, you have a few options, including SBA loans. An SBA loan is funding that’s backed by the Small Business Administration, and it’s...
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Needing financing as a small business owner isn’t uncommon. Many businesses, small and large, need a financial boost at least once. The thing is, however, that obtaining a small business loan through a conventional bank isn’t always the easiest process....
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If you’re running a restaurant, chances are you’re going to need a loan at some point, just as you would with any small business. Whether this is to get you started, help you through a tough time, or make it...
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Your working capital is one of the most important numbers to keep track of while managing your business. It is the value of your current assets minus your current liabilities. In this case, “current” means that you can access or...
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