The First Thing You Need to Do If You Want to Grow Your Business

So it’s Friday evening and you are back home after a long week of work in the shop. You’ve decided to take the weekend off, leaving the shop’s management solely to your more trusted employees. As you sit at the kitchen table on Friday evening with your spouse, kids and the dog in the background, you take out a sheet a paper to formulate some ideas to grow your business. You come up with a list that looks something like Read More

10 Banks Making the Most SBA Loans

When small businesses in America are ready to take their next step, a Small Business Administration loan is often on the top of their list of financing options. In fact, if you combined the loan amounts of the top 100 most active SBA lenders in just the fourth quarter of 2016, you’d have a sum total of over $4 billion. If you want to get an SBA-backed loan in 2017 and get that most-coveted distinction — funded — you need Read More

5 Business Credit Card Misconceptions That Can Cost Your Business Serious Money

A business owner recently told me he had maxed out his personal credit cards to get his business off the ground, causing his personal credit scores to suffer. As a result, he’s had trouble getting traditional financing, but he doesn’t regret it. “You do what you have to do,” he says. However, things would have been a lot easier for him if he had understood the benefits of using a business credit card from the very beginning. This person’s story Read More

EXIM Bank of the United States —What You Need to Know

In an increasingly globalized economy, companies with the ability to engage in overseas markets have the opportunity to achieve significant revenue growth. The Export-Import Bank of the United States (EXIM) can help make that financial growth possible by extending lending opportunities and financial assistance to businesses of all shapes and sizes. From large corporations that supply agricultural and construction supplies and machinery to small niche businesses like wineries and gourmet food purveyors, EXIM Bank has empowered business owners to experience Read More

5 Ways to Make Your Business’s First Impression The Best One

Guest post by Jaffrey Eric of Thinsquare LLC In the same way you evaluate others on the basis of your first encounter with them, others are also going to evaluate you and your business from the way you present and conduct yourself. So making a good first impression of your business is highly crucial, and you don’t get a second chance to do it.  Here are some simple tips that can help you make a good and long-lasting first impression. 1. Read More

3 Ways to Boost Your Business Despite Poor Credit

You’re starting a new business, you need financing, and you need it now. Unfortunately, your less-than-stellar credit scores are putting you in a higher risk category than traditional lenders and credit card companies are comfortable working with. The bad news is that your credit scores are going to remain a thorn in your side for as long as they remain low. The good news is that there are tried and true methods of raising them, and that you do have Read More

What to Do if You Have Too Much Business Debt

Many businesses use credit and debt to expand, buy equipment, and hire additional employees so they can take on bigger projects and grow.  But what should you do if you’ve taken new credit from vendors who offered it, developed business debts, used personal credit cards, responded to ads for quick money, and find yourself drowning in debt because your business hit bumps and roadblocks along the way? Here’s how to specifically determine if you are carrying too much business debt Read More

4 Cash-Back Business Credit Cards for Entrepreneurs

There’s nothing like the feeling of starting your own business. Entrepreneurs risk their time, effort, and capital to pursue their dreams, and they need to take advantage of every opportunity to succeed. One of the ways that you can stretch your company’s finances is to use a cash-back credit card that’s designed for small business owners. There are many cash-back business credit cards offered by the major banks, and you should base your choice on whether it best meets your Read More

4 Crippling Fears and How Small Business Owners Can Overcome Them

So, you’re considering going into small business, but find yourself haunted in the midnight hours by one or two crippling fears. Welcome to the club! Venturing out on your own to join the rough-and-tumble world of entrepreneurship is scary by definition. You aren’t the first to be scared, and you won’t be the last. The good news is that fear is a perfectly natural emotion to feel at the start of any significant new enterprise, and that you can both Read More

The Top Growth Industries for 2017 and Beyond

James Cash Penney, founder of JCPenney, said that growth never comes by mere chance; instead, it is the result of forces working together. The same goes for growth in the commercial sector. With that in mind, here’s a look at a few of the industries projected for the highest growth by 2024, according to Bureau of Labor Statistics (BLS) data. As a small business owner, the growth and demand of these industries might shape the future of your operations. Consider how Read More