Posts by lenashorepango
Benefits of Using Rollovers To Fund Your Business Startup
Financing a small business takes a lot of capital that many people don’t have immediate access to. Whether they need to purchase equipment, real estate, cover certifications, or pay for employee training, small business owners face numerous challenges getting their company off the ground. Traditionally, prospective business owners attempt to find financing through business loan…
Read MoreCan You Start a Business Using Your 401(k)?
Starting a business requires a lot of capital to get operations off the ground, whether you’re securing equipment, paying salaries, or purchasing real estate. Not everyone has the money to pay for everything out of pocket, which makes it essential to seek out business loans and other financing options. One popular method of new business…
Read MoreSBA vs. Conventional Financing: What’s the Difference?
When you need to finance a business venture, there are several different routes you can take when it comes to funding. Some are riskier than others, and each has its benefits and challenges; you need to know the difference between SBA vs. conventional financing. Being aware of the difference will better inform your funding decisions…
Read MoreCommon Funding Challenges Small Businesses Face
New small businesses can have a high probability of failure, and many of the factors leading to this come in financing issues. There are several common funding challenges small businesses face every day, and knowing what to anticipate can mitigate the damage these challenges cause. Be aware of what lies beyond the horizon for your…
Read More4 Advantages of Becoming an Entrepreneur
Not everyone has the entrepreneurial spirit; it comes with a lot of risks and frustrations and can amount to nothing if too many things go wrong. The barrier to entry is accepting these potential hardships, but once you do, the advantages of becoming an entrepreneur bring significant personal, financial, and professional benefits. Consider the benefits…
Read MoreThe Ultimate Guide: How to Apply and Qualify for an SBA
Small businesses open every day. But starting a venture isn’t cheap. The acts of securing a physical storefront, getting your management structure in order, hiring the necessary employees, purchasing or leasing equipment, and marketing all demand money. Most people starting businesses don’t pay for everything out of their own pockets upfront; it costs far too…
Read More3 Types of Financing Options for Your Start-Up Business
Establishing a new business can cost hundreds of thousands or even millions of dollars—money that not a lot of individuals have to invest on their own. Because of this high barrier to entry, it’s essential that you know the three types of financing options for your start-up business. Each one of these can offer a…
Read More4 Factors That Affect Financing Your Start-Up
Financing your business requires a lot of determination, effort, and adaptability. It’s unreasonable to expect individuals to finance the entire endeavor with their own capital; start-ups simply require too much money for most people to do so alone. During this process, you should know four factors that affect financing your start-up—the variables that could be…
Read MoreInsights for long-term entrepreneurial success
Entrepreneurial thinking has been around since the development of money. And it has grown exponentially since the pandemic forced people to re-think and adapt their own prospects. That leaves the small business community with an outsized contingent of new business owners. While many of those new companies are owned by seasoned business professionals, many are…
Read MoreUse social media to maximize response
Social media—such as Facebook, Instagram, Twitter and others—serve businesses best in two broad areas: in public relations (PR) (by building and reinforcing awareness) and in advertising (by showcasing targeted paid ads). And the platforms have carved out a comfortable niche for small businesses looking for either service. Or both. If you use social media mainly…
Read MorePublic speaking skills
If you’re like a lot of people, you’d sooner endure a root canal than speak to an audience. That’s understandable—and common; the aversion to public speaking even has a clinical name: Glossophobia. As a small business owner, you can avoid performing this particular job requirement (and for many, it is a requirement) for only so…
Read MoreBasics of blogging
If your business relies on a web presence, you may be considering a blog to build traffic to your site. Like other communication channels, blogging has its own rules, protocols and best practices. Businesses, especially small ones, use blogs to build awareness and excitement, attract an audience of followers, leverage their expertise, boost engagement, communicate…
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