Before you go to the bank for small business financing, be ready for this.

The trickiest component to obtaining bank financing for a small business is weighing whether signing a personal guarantee is worth the upside. These days, banks almost always ask for or require personal guarantees from small business owners, which eliminates several benefits of incorporating. Not only is it difficult to get a bank to provide financing […]

Read more

How to improve your odds of being financed

Aside from having the assets, collateral, and a stellar financial track record, there are a few key issues you should be prepared to articulately communicate to improve your odds of being financed. Use of funds: Are you buying equipment or real estate? Are you hiring key staff members? Are you investing in product development or […]

Read more

Try These Overlooked Ways to Reduce Your Operating Costs

When cost-cutting time hits a company, the first two items that typically go are marketing and salary expenses. But look closer at your business and you’ll see several savings opportunities. The fact is, most business owners don’t realize their true costs of day-to-day operations. Run a detailed expense report by category and what you discover […]

Read more

3 Problems That Break Business Budgets

Just like misreading a map, your company can end up in an unfamiliar place when budgeting is done incorrectly – or worse, not at all. So how do you make sure your budget keeps your business on track and provides accurate “directions”? In my experience creating and reviewing budgets, I’ve noticed three items cause most […]

Read more

3 Signs That a Company Isn’t Worth Acquiring

Acquiring a company brings many benefits. You can expand market reach, bring on new products or services, secure patents, gain new employees, and boost revenue. And that’s just the obvious advantages. Of course, an acquisition can also bring problems. To avoid these challenges, you must know the signs of potential trouble. First, just because a […]

Read more

1 2
top