If you’re on the road to starting your small business, you know that financing is no easy feat. Your personal collateral and loans can help with startup costs, but what about day-to-day operations? For these, you’ll want to look into a business credit card.
Business credit cards can offer significant advantages for new businesses. In addition to establishing an account separate from your personal finances, a business credit card can help fund those smaller purchases that you don’t need covered by a small business loan.
The Small Business Administration (SBA) is a branch of the U.S. Government whose mission is to help drive the economy by helping give small business owners access to capital.
If creating a thorough business plan is your first step to starting a small business, your next step should be securing funding. Most small business owners will want to seek out a small business loan or financing for their first few years to create a revenue stream and increase their profit margins.
Writing a business plan is a vital first step to starting a small business. Your business plan will become, and remain, your roadmap to success for as long as you own the business.
A business is more than just a product. It’s an experience, a connection between you and your customers. Understanding that relationship – how customers find you, why they choose you, and why they come back – is key to managing and growing your business.
Based on Bureau of Labor Statistics findings, nearly 1 million new businesses were formed in 2015. To add more fuel to the fire, according to the Kauffman Foundation, the U.S. is on the brink of an entrepreneurial boom. New markets and industries have primed us for a renewed era of small business and startup growth.
The Difference Between Value and Cost — and How It Will Crush Your Sales if You Get It Wrong8/10/2016
If you're new to the entrepreneurship game, you might be confusing the cost of your products with the value they provide — and thus underselling yourself! This does a huge disservice to your business, and as a result, your customers.
In May, President Obama announced a Department of Labor update to federal overtime regulations, potentially extending overtime protections to millions of workers in the first year. Do these fresh rules, which go into effect on Dec. 1, make a difference to your small business?
Nearly 17 million Americans -- 16.9 million, to be precise -- are full-time independent workers, according to the latest study from MBO Partners. That's means solopreneurs make up roughly 13% of the full-time workforce in this country. Data from the Internal Revenue Service (IRS) suggests that the majority of these people file taxes as sole proprietors, even if it may not be in their best interests to do so.
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Start Your Something
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The Inspiration Center features experts sharing what they've learned about starting and growing these types of big ideas.