Category: Starting a Business

What is Shop Pay, How It’s Used and Alternatives You Should Know

Shopify is a leading shopping and ecommerce platform, and Shop Pay makes it even easier for small business owners to sell their products and services.  Here’s how Shop Pay works and how to decide if it’s right for your small business.  What is Shop Pay? Shop Pay makes it easy and fast for customers to buy items on your Shopify store or on Shop. They are able to save their email address, credit cards, shipping and billing information and use… Read More

Which NAICS Codes Get the Most Funding?

If you’ve filled out an application for a small business loan or financing, you may have been asked to provide information about the industry your business operates in, or even to list your SIC or NAICS codes. And you may have wondered why this information is requested by lenders, or how it would affect whether your application is approved. .  Here we explain how industry codes, like SIC or NAICS codes, can affect where and how much funding your business… Read More

Understanding Merchant Processing for Financial Services

If you're in the business of selling goods or services, the ability to accept electronic payments is critical to your success. In today's economy, cash transactions are becoming increasingly rare, and consumers often expect the convenience of being able to pay using their credit or debit cards. But have you ever stopped to think about how your electronic payment system works? In this article, we'll explore the world of merchant processing and how it affects your business.  The Basics of… Read More

12 High Cash Flow Businesses to Start in 2024

When you think of what makes a successful business, it’s likely you think of a high cash flow business. It brings in plenty of money and expenses are low.  Here we’ll share some of the best cash flow business ideas, along with tips for financing your new business.  Table of contentsWhat Is the Criteria for a High Cash Flow BusinessBest High Cash Flow Business Opportunities for 20241. Digital course creation2. Pressure washing business3. Consulting/coaching in area of expertise4. Accounting or… Read More

How to Start a Restaurant: A Step-by-Step Guide

Opening a restaurant can be an exciting and rewarding experience. Whether you’re passionate about cooking or hospitality, there are many factors to consider before getting started. This step-by-step guide will help you navigate the process of starting your own restaurant, from creating a business plan to obtaining the necessary licenses and permits. An Introduction to Starting a Restaurant Starting a restaurant can be an exciting and rewarding venture. Not only do you get to share your love for food with… Read More

How Much Does It Cost To Open a Laundromat

If you open or purchase a laundromat, you’ll be in good company. There are about 30,000 coin laundries in the US, generating about $5 billion in annual revenue, according to the Coin Laundry Association, which represents the laundromat industry.  A laundromat in the right location can create a profitable business for years to come. But how much does it cost to open a laundromat? Here we’ll explore the costs and benefits of a coin laundry business.   Why Open a Laundromat… Read More