Posts by Nicole Foley
The Advantages of ROBS Funding Over Other Funding Options
What is a ROBS, and how can you use one to your advantage as you grow your small business? ROBS is an acronym for Rollover for Business Startups, a financial strategy that allows you to roll over your 401(k) funds into a new retirement plan established by your business—tax penalty-free. The business retirement plan uses…
Read More5 Pro Tips for Every Aspiring Entrepreneur
If you have an innovative new idea that can fill an open niche in your community, channel that entrepreneurial spirit into a brand-new business. Starting a business always carries some risk with it, but you can embrace that risk and turn it into an opportunity! These pro tips are designed to help every aspiring entrepreneur…
Read MoreAll the Changes in the New Secure 2.0 Act
In 2019, Congress passed the SECURE Act (Setting Every Community Up for Retirement Enhancement) in an effort to encourage workers to save more for their golden years. In December of 2022, Congress added more provisions to the SECURE Act, with more set to roll out in the years to come. The latest edition of the…
Read More5 Things Your Small Business Should Outsource
Time management is one of the biggest challenges facing small business owners today. Running a successful business involves spinning several plates at once, and sometimes an eight-hour workday turns into a 14-hour marathon. Small business ownership shouldn’t be that stressful! Many successful entrepreneurs attribute a positive work-life balance to outsourcing, or contracting business functions to…
Read MoreWhy Right Now Is the Right Time To Open a Business
If you’ve dreamed of starting your own business but there always seem to be roadblocks in your way, it’s time to rise to those challenges! Now is the right time to start a business, and here’s why—entrepreneurship is a valuable life experience, no matter your age or level of business understanding. Let this guide inspire…
Read MoreRefining the Target Market of Your Small Business
As a new business owner, you may think that marketing your products and services to everyone will lead to more sales and success. However, your marketing strategy needs to target the correct audiences and demographics to translate to business growth. Learn how to refine your small business’s target market and speak to the people who…
Read MoreThe Most Common Business Ownership Structures
Your business’s ownership structure is an essential element that determines its function in your community. It’s one of the first decisions you’ll have to make as an entrepreneur, so you must use your long-term business goals and current financial situation to guide your choice. The legal structure you choose for your company will define which…
Read MoreThe Benefits of Remote Work for Small Businesses
While some jobs, like construction and food service, are incompatible with remote work, others can be done perfectly well from the comfort of a home office. Whether corporations like it or not, working from home is here to stay—and that’s not a bad thing at all. In fact, there’s a whole host of benefits to…
Read More3 Tips for Opening a Franchise With Rollover Financing
If you’re thinking of investing in a franchise to get your feet wet in the world of business ownership, consider using your 401(k) retirement account as a source of capital. A ROBS, or Rollover for Business Startups, is not a loan—it’s a financing method that allows you to roll your funds into a new account…
Read MoreWhat Are the Requirements of Rollover Business Financing?
In your search for small business funding solutions, you’ve probably seen the acronym ROBS—Rollover for Business Startups—pop up more than once. It’s a popular solution for individuals with a significant retirement fund nest egg who want to use it for business financing without additional taxes or penalties. However, rollover business financing does have some constraints…
Read More5 Tips for Hiring Quality Employees for Your Small Business
No matter what type of small business you run, you can’t keep it going all by yourself. By hiring quality employees for your small business, you increase the company’s productivity and set it up for long-term success. As you prepare to start the interview process, keep these tips from Pango Financial at the forefront of…
Read MoreCommon Financial Mistakes That Can Hurt Your Small Business
Operating your own small business is, in many ways, much more rewarding than working at a standard day job. You have the opportunity to see your groundbreaking ideas leap off the page and into reality while providing valuable products and services to your community. However, owning a small business is also a hefty responsibility. As…
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