The Secret Weapon That Can Help You Get a Better Business Loan

Carolyn Walters’ small business clients know they can ask her more than just tax questions. While “tax is the heart and soul of what I do,” she says as the owner of Financial Solutions Accounting and Tax in Greensboro, NC, she has expanded her business to offer a variety of different services. “The challenges that small businesses have usually end up in my lap one way or another,” she says with a chuckle. Walters wants to be the first resource Read More

STOP! 5 Things to Avoid Before You Apply for a Business Loan

Lenders are going to looking at a number of factors to determine your eligibility for a loan, including your personal and business credit scores, your business banking information, personal and business tax returns, P&L statement and more. If this seems overly complicated, never fear. While you can’t make all of these factors perfect overnight, you can exercise control over some, which will greatly improve your chances of getting the financing you need to make your business strong. Let’s take a Read More

The Small Business Trend Reddit Is Wild About

Imagine for a moment that you are a store owner and even though it’s opening day, you haven’t purchased inventory. If your mind sent you to a bricks-and-mortar store, you’re likely in a panic and picturing a store with aisles of barren shelves — not a good look. However, a quick shift to online retail, and the possibilities become more realistic. How, you may ask?  Reddit entrepreneurs can’t stop talking about the answer — drop shipping. What Is Drop Shipping? At a basic Read More

Will Changing Bank Accounts Hurt Your Business Credit?

As an entrepreneur, you want to have a good relationship with your bank. But what happens when you decide your current financial relationship just isn’t working? Will breaking up with your bank backfire? One small business owner recently asked us, “Will changing banks hurt my business credit?” Business credit reports don’t typically include bank account information, though some credit reporting agencies do allow business owners to supplement their credit report data with additional financial information. So simply changing banks shouldn’t Read More

Millions of Americans Could Get a Credit Boost This Summer. Are You One of Them?

A slew of changes to how credit reporting agencies will handle public records could help millions of Americans improve their credit scores this summer. For decades, the major credit bureaus — Experian, Equifax and TransUnion — have included public records like parking tickets and fines in consumer credit reports. But, as a result of a settlement with the New York Attorney General in 2015, the bureaus announced plans to update and modify their data collection and dispute processes to improve credit report Read More

Buying out A Partner (and Avoiding A Messy Relationship in the Future)

Businesses fail for a variety of reasons and many times the reason for failure had nothing at all to do with the market, the products, lack of capital, a bad location, nor any of the other “major” reasons for failure, but many times the reason for failure was due to the bad dynamics between the owners themselves. Let’s face it, people change. You meet them one day and they are a smart, intelligent, competent, responsible, respectful, and ambitious person—just the Read More

4 Small Business Groups You Can Join for Free

The work of entrepreneurs and small business owners is filled with pitfalls and challenges, and sometimes youjust need to talk to someone who can share a few pieces of good advice. Business networking groups are a great way to meet advisors and mentors who can help during the journey, as well as to find new professional connections, opportunities and ideas. Whether you’re looking for suggestions for your next product, emotional support or advice on taking your business to the next level, Read More

Your Rodan + Fields Business: How Much Money Can You Really Make?

In 2015, upstart skin care company Rodan + Fields grossed $626.9 million, with revenues advancing at a breathtaking 93% per year. With its multilevel marketing structure and women-centered sales model boasting more than 170,000 U.S. consultants, Rodan + Fields is the digital successor to household names Avon and Mary Kay. The company’s top consultants boast six-figure incomes and lavish lifestyles, but how do they make their money — and can anyone’s Rodan + Fields business do the same? A New Spin on Read More

5 Business Credit Cards Everyone Should Consider

When you are comparing business credit cards, there are many directions you can go. You can focus on earning the most valuable rewards, getting the best benefits or just finding a good card with no annual fee. But among each type of business credit card, there are some that provide tremendous value, and others that simply aren’t competitive. No matter what kind of business credit card you’re looking for, you should consider these five cards that are among the best in the market. Read More

SBA Loan vs. Bank Loan: Which Is a Better Fit for You?

When it comes to financing business growth, entrepreneurs have a growing number of options to consider, and determining which lender is right for you can be a bit of a headache. Two lending options that consistently make the top of the “best business loans” list are bank loans and SBA loans. They are generally the lowest cost options available, and offer the most flexible repayment terms, but are also the hardest to qualify for. SBA Loans vs. Bank Loans: What’s the Read More