When Should I Use My Personal Credit for My Business?

Great credit scores don’t happen by accident. They take hard work and consistency to earn. If you have brag-worthy personal credit scores, you’ve probably spent years building those scores and protecting them from damage. There’s no question that your personal credit can be an asset when you need to borrow money for your business. However, there’s also a deeper level of risk involved whenever you put your personal credit and finances on the line to vouch for your company. It’s Read More

What is the Purpose of Financial Statements?

Have you heard the term “financial statement?” If you’ve owned your own business for some time, we’re betting you have. While it’s part of the lingo of being a business owner, the value isn’t always understood. This handy tool not only gives you the best look at how your company is doing and will do in the future. It’s a vital part of creating plans for growth or even surviving a downturn in the economy. There’s another reason to get Read More

Should I Borrow Money to Create a New Job?

Whether you’re hiring your first employee or your tenth, creating jobs as a business owner can potentially help you take your business to the next level. If your cash flow isn’t ready for the cost of a new hire, however, you might be considering taking out a loan to help you create the new job. Borrowing money to invest in human capital can be a good thing, but it’s important that you carefully consider all aspects of the decision to Read More

13 Ways to Drive Traffic on a Budget

Whether your business is 100% online, or you own a brick-and-mortar location, there’s no better way to boost sales and revenue than with traffic. Getting more eyes on your products (and feet in the door), can significantly increase the sales you make in any given day. While massive marketing campaigns can run millions of dollars or more, there’s no reason you can’t employ smaller schemes to boost awareness and get people to your store or website. Here’s a list of Read More

How to Build a Positive Office Culture

Few workers relish in the thought of punching the clock week after week — hence the popularity of the office lottery pool. But there’s a stark difference between not wanting to work and despising every minute spent doing so.   A poor office culture can do a lot more than decrease employee satisfaction, though that alone should be concerning. When employees aren’t happy, productivity drops, negativity spreads, and turnover increases — all things that can, directly and indirectly, eat away Read More

How to Make the Most of Your Credit Card Miles This Summer

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As a business owner, you can earn travel points and miles on your everyday expenses. But you don’t have to use those rewards for your business if you don’t want to. Whether you have a business trip coming up or need a getaway to recalibrate, here are some things you can do to make the most of your credit card miles and points this summer. 1. Understand your redemption options There are several business travel credit cards out there and Read More

How to Use Travel Rewards to Grow Your Business

Business credit card rewards may not sound like an important part of your business strategy, but they can help you expand your business if you use them correctly. Specifically, travel rewards may help you do things that you might not have the cash flow to do otherwise. If you have a business travel credit card or are considering getting one, here are some ways you can use those rewards to take your business to the next level. 3 ways to Read More

How This Baker Went From an Online Business to a Opening a Storefront

Rachel Dunston is the talented entrepreneur behind Rachel Makes More Cake, a popular bakeshop in Clovis, California. Dunston began her business on Instagram, posting photos of her uniquely decorated cakes and taking orders for local pickup and delivery only. Recently, she’s made the shift from an exclusively online business to a brick-and-mortar store. Dunston spoke with Nav about how she’s navigated that change and overcome a few bumps in the road. Online: The Perfect Place to Start Dunston chose to Read More

How to Take Full Advantage of Your Credit Card Rewards

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Business rewards credit cards can provide a lot of value to business owners, but it takes a little legwork to make the most of them. Regardless of what type of rewards you prefer or how you spend your money, it’s important to approach credit card rewards strategically, so you can get the biggest bang for your buck. Here are some tips to help you get on the right track. Improve your credit You can qualify for rewards credit cards with Read More

How This Sailing Business Used an Equipment Loan and Credit Cards to Make a Dream Come True

Mandy Rosello and her husband Joe are truly living their dreams. The two enjoyed sailing and international travel, so they found a way to make a career of it. Together, they run Sailing Kuma Too, a sailing charter company operating a 47-foot catamaran out of Dunedin, Florida, just west of Tampa Bay. The business offers single- and multi-day charters, sunset cruises, and half-day excursions in the Tampa area. The Rosellos are excited to expand their business to the U.S. and Read More