Are you looking to secure a loan to grow your business? The numbers aren’t exactly encouraging when it comes to approval rates. Alternative lenders approve around 56 percent of small business loans, while traditional banks (who have less experience with non-collateralized loans) only approve around 27 percent. Despite these somewhat disheartening statistics, there are several […]
5 Keys to Qualifying for a Small Business Loan Read More
Whether you’ve been running your small business for years or are just opening up shop, efficient operations are the key to business success. When it comes to bookkeeping, it’s vital you run a smooth operation that gives you timely, reliable results. Bookkeeping tasks includes setting up accounts, entering transaction data, generating reports and preparing tax
Streamlining Your Bookkeeping Process: Tools for Small Business Read More
Running a small business is a costly undertaking in terms of time, effort and money. Unfortunately, too many businesses spend too much on their expenses. This eats into your working capital unnecessarily, possibly crimping your flexibility and your ability to take advantage of opportunities as they appear. Let’s look at some expenses for which many
Are You Overpaying Your Business Expenses? Read More
2019 continues the new tax regime passed two years ago that proved so friendly to business. The corporate tax rate now tops out at 21 percent. While that’s great for reducing your tax bill, it also means that deductions are worth less than they used to. Nonetheless, deductions help you save money and might make
Small Business Tax Deductions You Should Know About Read More
The federal government offers a number of grants to small businesses owned and managed by women. Most of these grants allow flexible use of the money as long as it doesn’t go toward startup expenses. The two major houses for information about federally sponsored grants are: Grants.gov: This is the main databases of federally sponsored
Women in Business: Grants for Female Entrepreneurs Read More
Being a small business owner has lots of very difficult challenges that need to be met and overcome. Managing your finances is one of those many challenges that will no doubt be a substantial consideration for those hoping to maximize profits in a small business. Fortunately, there are many ways that you can keep your
Basic Financial Advice for Small Business Owners Read More
It takes a lot of money to keep a small business going – especially if you’re trying to make that business grow. When money is so important, every single cent needs to be spent wisely. Many small businesses wind up spending a lot more money than they actually need to spend. Those funds would be
6 Useless But All-Too-Common Expenses That Turn Your Business Into a Money Pit Read More
According to Benjamin Franklin, there are only two certainties in life: death and taxes. Although tax season is still a few months away, it’s advantageous that business owners start preparing for it now. There are certain steps that need to be taken to be able to report the right amount to the IRS and make
Tax Season Prep: Five Steps to Get You Ready Now Read More
You might occasionally encounter a business owner who has a dim view of debt. That’s unfortunate, because debt, if you manage it properly, can help you grow your business. Here are several ways your business will benefit from the prudent use of debt: Accelerate growth: You can use loan proceeds to buy new equipment/facilities, hire
How to Make Business Financing Part of Your 2019 Growth Plan Read More
For small business owners, bookkeeping serves as their personal scorecard. Numbers show your success and failure and give a quantifiable shape to your business results In a small business benefit, your future is on the line. You need to have a good overview of all the expenses and revenue. Perfect bookkeeping can save you a
7 Smart Bookkeeping Tips Every Small Business Can’t Live Without Read More