7 Ways to Clean Up Your Business Credit

Spring means longer days and better weather, which often gives us the energy to tackle projects around the home we’ve been neglecting. Why not channel some of that positive energy into tackling business tasks you’ve been putting off—  including working on your business credit? Here are 7 ways to clean up your business credit. First, Clean Up When it comes to cleaning up your business credit, you can start by carefully reviewing your business credit reports to make sure all Read More

15 Expert Tips for Scaling Your Small Business

When you’re serious about growing your small business it makes sense to get the best advice possible. You can do that even if money is tight by tapping the expertise of Small Business Development Center (SBDC) advisors and consultants. SBDCs are funded in part by the United States Congress through a partnership with the U.S. Small Business Administration. SBDC Centers offer free consulting and free or low-cost training. (Find yours here.) Their results speak for themselves: SBDC clients grow sales Read More

More Money, Less Stress: Strategies for Creative Entrepreneurs (VIDEO)

Entrepreneurs may like making money, but not everyone likes to manage money. Katherine Pomerantz, founder of The Bookkeeping Artist specializes in working with entrepreneurs who work in the fine arts and other creative fields. In my interview with her, she shares strategies for taking the stress of out of your small business finances. Transcript This transcript has been lightly edited for readability. I’m Gerri Detweiler, education director for Nav and joining me today is Katherine Pomerantz, The Bookkeeping Artist. Katherine, Read More

The Real Reason Your Business Is Struggling With Cash Flow (VIDEO)

In recently had the opportunity to interview small business coach Steven M. Hughes about the struggles the small business owners he works with often face. He shares strategies for managing cash flow, taxes and when to pay yourself.      Transcript This transcript has been lightly edited for readability I’m Gerri Detweiler, Education Director for Nav, and joining me is Steven Hughes. Steven is a small business coach. So tell me a little bit about what you do to help Read More

CapitalOne Business CreditWise vs. Nav: Free Business Credit Reports Compared

CapitalOne recently announced Business CreditWise, a service that offers business owners a free business credit report and ongoing monitoring. Nav has been offering business owners free business credit reports and monitoring for over five years. How do these two services compare? Here I describe the features of the two services so you can understand what each one offers.   Disclosure: I work for Nav. In addition, Nav offers credit cards issued by CapitalOne in its marketplace. CapitalOne Business CreditWise Business Read More

3 Vendors That Will Help You Build Business Credit

Advertiser & Editorial Disclosure

One of the easiest ways to start off on the right foot when it comes to business credit is to get net-30 accounts with companies that report to commercial credit agencies. What is a Net-30 Account? A net-30 account is one that extends you 30 days to pay the bill in full after you have purchased products. It’s vendor credit that allows you to buy now and pay later. Vendors that report those payments to commercial credit agencies help your Read More

Help! I Don’t Have the Cash To Pay My Business Taxes

Advertiser & Editorial Disclosure

It was my first year of being self-employed, and the first time I had filed taxes as a business owner, rather than an employee. Days before my tax return was due, I received a call from my accountant informing me I owed the IRS around $6000. He may as well have said $600,000; it was an enormous sum to me and I immediately went into panic mode, trying to figure out where I’d drum up that kind of cash. If Read More

6 Ways to Finance Your Franchise

Advertiser & Editorial Disclosure

If you’ve decided to join the millions of business owners who own a franchise, you’re going to need money: sometimes a lot of it. Franchise start-up costs can run from thousands to more than a million dollars for some of the most popular restaurant franchises. While many of the top franchises require a franchisee to have substantial assets and/or net worth, there are plenty that can be purchased for $50,000 or less, and it may be possible to finance all Read More

Bank Loan vs Online Loan: What’s Right For My Business?

Advertiser & Editorial Disclosure

Start shopping for a small business loan and you may soon find yourself overwhelmed. Thousands of banks and credit unions offer business financing, as do hundreds of online lenders. Where do you start? One decision you’ll need to make is whether to apply at a bank versus an online lender. There are some very clear distinctions between the two, and those differences may help you hone in on which option is more feasible for your business. Bank Loan vs. Online Read More

How to Get Your Small Business Out of Debt in 2019

Rising interest rates and high levels of corporate debt have lots of investors concerned. Should small businesses be worried? The majority of small businesses (in most industries) are able to pay their bills on time. According to Experian/Moody’s Analytics Main Street Report, overall delinquencies for businesses with fewer than 100 employees were slightly down in the third quarter of 2018. Credit utilization rates were also down slightly. At the same time, that same research has found that rates for delinquencies Read More