When it comes to financing a business, most business owners are confused about taking long-term or short-term business loans. When it comes to business loans, most business owners are at crossroads. They just don’t know which type of loan is right for their business. There is no denying the fact that any business needs money …
Long Term or Short Term Business Loans: Which Is Right for Your Business? Read More »
Your credit score – that three-digit number – is an important measure of your financial health. It is a telltale sign that helps lenders to know if you use credit responsibly or not. That said, lenders can determine at a glance if you’ll pay them back on time should they grant you loans or credit …
Creditworthiness is one of the most important things that all small business owners should consider when starting their business. We can define creditworthiness as the extent to which a business is deemed suitable for financial help. Creditworthiness is judged based on how reliable a business was in paying back its past loans or debts. Creditworthiness …
How to Build Creditworthiness as A Small Business Owner Read More »
There are several nuances of running a successful business, and of the many wheels that drive the engine, the chosen business payment method is vital to the success of every business. Most traditional businesses often prefer cash payments for their services, and more often than not, they tend to stick to this method despite the …
Why It Is Not Good to Only Accept Cash Payments for Your Business Read More »
Starting a business involves a lot of intricacies, in business, you need money to make money, and at some stages, you may need lots of it. Interestingly, several challenges affect a business’s survival – from funding to competition, ever-changing customer needs, and a host of other things. If you want your business to survive some …
Signs that Your Business Needs Funding to Survive Read More »
Developing a successful business is not a walk in the park. Although you absolutely have to be passionate about what you do, you need more than just passion in order to succeed. Most businesses fail within the first five years of starting. But why? Were the business owners not passionate enough? They most likely were …
In the 21st century world, one cannot overemphasize the importance of having an online presence. With the advancement in technology and the digital age, making your business go online is one 0f the best decisions you can make. The world is now a global village, and getting to reach many people – both locally and …
5 Core Reasons Why Your Business Should Go Online Read More »
Any method you can employ to make your products, promotions, and services grab your target audience’s attention is your own best strategy. What works for one may not work for all. That being said, there is no specific marketing channel that can ultimately produce sustainable growth for all businesses. For this reason, you will need …
How To Choose The Right Marketing Channels For Your Business Read More »
Stories of how tech companies launched from garages or closets became multibillion-dollar entities have become the new gist. The Small Business Association (SBA), however, has some more sobering statistics. It reports that about 1 in 12 businesses close each year, with only about 1 in 3 companies still operating after ten years. With these challenges, …
As a small business owner applying for a loan, you can easily feel bamboozled with some of the lending terms you hear from Lenders. We understand how confusing we might sound sometimes, so here’s an opportunity for you to get familiar with some of the lending terms you should know as a small business owner. …
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