The road to successful entrepreneurship can be difficult. Persistence, luck and an effective business plan can go a long way in creating a successful business, but there are a few myths that hold back many entrepreneurs. Learn why these...
If your business needs financing but you don’t want to take out a loan or are having trouble qualifying for one, then factoring might be a good option for you. This involves selling your accounts receivable, or invoices, to...
Getting an SBA loan might seem overwhelming to a new business owner who isn’t sure how to go through the process. It’s important to note that SBA loans were intended for a business that is small and just starting...
Cash flow is the lifeblood of a business, and steady cash flow is integral to a company's stability and growth. When cash flow is impeded, businesses often founder and fail. Here are some ways to keep your company strong...
Small business owners who are reluctant to borrow funds or issue equity to obtain growth capital often find that their companies experience stagnation or even failure. Most entrepreneurs eventually find themselves in the position of having to seek financing...
Entrepreneurs learn quickly that time management skills are essential in ensuring the stability and growth of their small businesses. Without proper apportionment of your time, it's easy to become overwhelmed by the multitude of details that beset you daily....
Assembling a group of disparate employees together does not make a business team. In viable business teams, members are interdependent, communicate constantly, and pursue common goals efficiently. Here are some tips on how to build dynamic business teams for...
Mergers and acquisitions are a strategy used to grow a business or to strengthen its position in the industry. A merger occurs when two separate companies combine, creating a new entity. An acquisition occurs when one company is taken...
To be able to take on a variety of projects and ensure company growth, construction businesses require access to a wide range of machinery, including cranes, bulldozers, cement mixers, jackhammers, and other equipment. However, financing to purchase everything you...
When you are seeking financing for your business, it's important to select the right funding option for your short- and long-term goals and objectives. One choice you have is whether to seek a secured or unsecured line of credit...