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

Lessons From Kylie Jenner’s Baller Business Credit Score

You don’t have to keep up with the Kardashians to know who Kylie Jenner is, and that her hot makeup line is taking the industry by storm. Even if lip kits and Instagram posts aren’t your thing, here’s something that might pique your interest—Kylie’s business credit score is killer, and might have a thing or two to teach you. But let’s start with the basics. What’s a Business Credit Score? Similar to personal credit, business credit scores and reports offer Read More

StreetShares Review: Business Loans, Lines of Credit, and Government Contract Financing for Small Business Owners

StreetShares loan information updated 02/16/17. Whether you are a small business owner or government contractor, finding financing that will keep it growing is a challenge. Traditional bank loans can be hard to get. Payday lenders can be extremely costly. That’s where StreetShares comes in. StreetShares is an online, veteran-run, peer-to-peer lender, focused on providing working capital to growing businesses, with a particular emphasis on veteran-owned businesses. However, StreetShares is open to all small business owners. StreetShares offers three financing products: Read More

The One Thing That Can Help You Bounce Back After Business Failure

The SBA reports that upwards of 50% of small businesses fail during their first 12 months in operation, for a variety of reasons that include, but are not limited to, the following: Working capital/cash flow issues Bad business planning Poor pricing Bad partners Poor products Lack of marketing Albert Einstein said that you only fail when you stop trying. Even though you might fail on a business concept within the first 12 months, that doesn’t mean that you don’t try again for Read More

What Will Linda McMahon Do First As SBA Head? 3 Hints

In one of the least controversial appointments of Donald Trump’s presidency, Linda McMahon was confirmed by the Senate on Tuesday to lead the Small Business Administration. At McMahon’s confirmation hearing just a few weeks ago, she was introduced and endorsed whole-heartedly by two Democrats, so it comes as no surprise that the McMahon nomination to the SBA had widespread bipartisan support, with the final Senate vote tally coming out to 81-19. McMahon had one of the least contentious confirmation hearings, with Read More