As a business owner, the first thing you should be concerned with during every stage of your business journey is knowing and understanding your financial risk. The excitement of starting a business can make it easy to turn a blind
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Financial Risks When Starting a Business
Are you ready for a second location?
Maybe business is thriving, and you’ve been thinking “hmmm, maybe it’s time for a second location…”. While expanding is awesome, let’s go through the things you need in place to expand. How is business? This seems like a no-brainer but
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Invest in the person and not the idea
I watch Shark Tank too often. It’s embarrassing if I told you how often I watch it. One thing that I notice on the show is that the Sharks will talk more about the person and less about the business.
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Market Research, New Hire Costs, SBA Loans, Oh My
What do an SBA Loan, market research, and new hire costs have to do with one another? Well, everything really. Earlier this month we talked a lot about all these things, individually. Now, let’s discuss how they all work
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How Much Working Capital Do I Need?
How do you decide how much working capital your business needs? It’s really easy every single week to say “the business is bringing in x and we’re obligated to spend y.” As a business owner, you just hope that “x”
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Seasonality and Small Businesses
Seasonality and Small Businesses When operating a small business, it is natural to assume that there will be high and low cycles. In retail, for example, the holiday shopping period is what keeps many small businesses afloat. The volatile cycles
See moreShould College Athletes Be Paid? You Tell Me
A Current College Athlete Being a college athlete, I thought this topic of dealing with collegiate sports would be extremely interesting. After taking the class Sports Economics, it has allowed me to evaluate and think about different motives in sports
See moreAlternative Business Lenders and Your Funding Options
Since 2008 banks have become more and more restrictive with bank loans. Due to their own greediness in making mortgage loans to those that could not afford it their underwriting guidelines for small business loans have become impossible to get.
See moreHow To Find Restaurant Financing With Bad Credit
The restaurant industry is a unique industry. It is an industry that does not have a shelf life. Either people like a restaurant or they don’t. Yes, there are fads within the restaurant world that come and go but people
See moreHow To Finance Your Small Business
All small businesses could use capital to help fuel their growth. Unfortunately, due to regulations banks are lending less. What can you do to finance your small business? There are several options available to finance your small business when you
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