Category: Starting a Business

How to Start and Finance a Landscaping Business in 2023 

Starting a landscaping company can be lucrative since the industry is growing.  There are special considerations business owners need to take when starting and running a lawn care business, such as insurance, licensing, and hiring the right employees. Learn how to start a landscaping business and how to get financing for your business in this article from Nav’s experts. The State of the Landscaping Industry Today The commercial landscaping industry is performing well and can provide a lucrative income to… Read More

The Ultimate Guide to Understanding Business Models 2023

The term “business model” has only been around since the 1990s, so there’s still some confusion about exactly what it means. In short, a business model defines your business’s plan to make money. You can also use business models to your business’s advantage if you know how they work.  In this article, learn what business models are, why they matter for your business, the most common types of business models, and how to choose the right business model for your… Read More

Top Franchise Opportunities for 2023

Owning a franchise is a popular way to start a small business with built-in support, including operations manuals, marketing materials, and brand recognition.  If you’re looking to start a new business in 2023, a franchise might be a good option. Learn all about the most popular franchises — and most profitable — for 2023 as well as the best franchises to own in this article from Nav’s experts. The Nature of Franchise Ownership Franchise ownership refers to a business arrangement… Read More

How to Handle a Business Credit Card When Your Business Name Changes

In a way, your business credit card is like a business card. It usually lists your business name along with your name, and it may even be personalized with your logo. So what happens when you change your business name? Will your credit card no longer work? Do you have to get a new card? Here's what you need to know about your business credit card if your business name changes. Why Would A Business Name Change Take Place? First… Read More

How to Start and Finance a Vending Machine Business in 2024

The vending machine industry is booming and expected to reach over $25 billion value by 2027, according to Allied Market Research.  Vending machine businesses have low startup costs and can be highly profitable if managed effectively.  You don’t need to have the funding saved up and may qualify for small business loans or business credit cards for a vending machine business. Learn what a vending machine business is, the types you can run, the pros and cons, how to get… Read More

How Student Loan Debt Relief Could Affect Small Businesses

One of President Biden’s biggest campaign promises was to forgive federal student loan debt — a pretty big promise to the 43 million Americans who currently owe the U.S. government over $1.6 trillion for their higher education, according to the Education Data Initiative. So when the Biden administration announced a three-part plan in August 2022 to forgive up to $20,000 of federal student loan debt for federal borrowers who make less than $125,000 a year (for single filers), it felt… Read More