Business Finance

Stay in the safe zone when interviewing for a new position

As a small business owner, you’re accustomed to wearing lots of hats—probably including human resources manager. In the absence of a dedicated and trained in-house HR professional, you may find yourself interviewing job seekers—either in person, by phone or in an electronic format. Before you interview a job candidate, it’s a good idea to have […]

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3 Signs It’s Time to Expand Your Business

So you’ve built yourself a decent business. Maybe you have pretty steady cash flow, a strong consumer base, and a nice office. This moment is crucial for your business because it presents you with a dilemma: do you keep things the way they are or try to expand? “Complacency can be the single most dangerous […]

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Customer satisfaction pays

If you’re in business, you’re in sales. And as anyone who’s ever gone through sales training will affirm, selling is inextricably linked to Customer Satisfaction. This intuitive universal truth is supported statistically, in study after study. And it applies to small businesses as well as large multinationals—in both the retail and the B2B space. As […]

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Getting financing with so-so credit

It’s a conundrum faced by most aspiring small business owners and many established ones in growth mode: How to secure the financing you need, at terms you can live with, if your credit is only so-so? Or less than so-so? Options abound, even after excluding the most humiliating ones like asking your longlost rich uncle. The best […]

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Bootstrapping: How to tap existing funding potential

Picking yourself up by your bootstraps doesn’t just refer to recovering after a disaster. It also means pushing hard, every day, to make the most of your company’s potential. It means never allowing your business to coast—you’re always pushing forward! After you’ve done your homework and received initial funding, the serious work of a small […]

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Business Finance Concerns: How to Get Paid Faster

Approximately 60 percent of small businesses will fail as a result of cash flow issues. Much of this problem is a direct result of payments either made late, or not at all. Billing can be a real nuisance for many small businesses who count on invoices being paid on time and in full to continue profitable operations. […]

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How Does Merchant Processing Work?

Most of us know that merchant processing has something to do with running and accepting credit card payments, but what does the process really entail? THE BASICS The first thing to understand is that for every credit card transaction, there are essentially four separate entities involved. The first two groups are obvious: you have the […]

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How to Choose a Merchant Processing Partner

You’ve heard the horror stories—the car dealership down the road that got stuck with the faulty terminal and a six year, no-outs contract, or the furniture dealer that’s consistently paid more per month in fees than they were originally told they’d have to—but you know that not accepting credit cards just isn’t a viable option […]

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5 Myths of Small Business Loans

Need a business loan? If you’re already setting up camp outside your neighborhood bank and losing sleep over your credit score, it may be time for a reality check on what is—and isn’t—involved in the modern-day process of applying for a business loan. Before you waste any more time, make sure you aren’t falling for […]

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11 Things to Do Before Applying for a Loan

Whether you’re a first-time applicant or a seasoned vet, the prospect of applying for a loan can be daunting. However, adequate preparation can make the process a far easier one. Here are eleven suggestions for things to do before you visit the bank or apply for a loan: 1. DEFINE YOUR REASONING Why does your […]

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