Business News

Many prospective business owners are quick to apply for loans—and are disappointed when they do not qualify. The truth is, it’s difficult to secure a small business loan when you’re a brand-new startup. There’s a higher risk involved for lenders, as they may not see guaranteed success in your new venture. Don’t let that discourage…

As you research the best ways to start a small business, you’ll read a great deal about the importance of a business plan. You’re full of ideas and excited to get going, so how do you organize that energy into a cohesive strategy? Harness that excitement and ambition before you apply for any loans; you’ll…

Small businesses require a great deal of startup capital and sufficient funds to maintain its growth. If the world of business funding has you scratching your head, read these tips for navigating funding for your small business. Know Your Options There are a few main avenues to secure that initial funding for your business: SBA…

Working capital loans are a great boon to small businesses that don’t have the upfront funding. There are a variety of ways to raise that money, from 401(k) financing to crowdfunding. What is a working capital loan, then? It’s a short-term loan from your bank or alternative lender to pay start-up costs and grow your…

Small business owners are cautiously optimistic heading into 2022. Over the past two years, small businesses learned the value of resilience and quick thinking. Now that lenders are opening back up, it’s time to learn some trends in small business funding in 2022. Take a look at your options—one might be right for you. Lenders…

Partnering with a franchisor is a powerful way to establish and grow your business. The venture benefits both parties—you, as the franchisee, get to sell valuable products and services while the franchisor expands their own brand. However, it’s important to consider what industry you work in and what the most popular franchised industries are. Let’s…

A startup is simply a brand-new business, correct? Well, yes and no. At its most basic definition, a startup is any new business that was created due to a market need, such as a new product or service, and stepped up to provide it. But a startup is more than a mom-and-pop store or at-home…

When trying to start a new business, being turned down for a loan from a bank or other financial entity can be ego-crushing. The reasons for denial vary, but whatever they are, you shouldn’t see this as the end to your dream. Dust yourself off, put yourself in a good mental place, and plan your…

You’ve acquired the private start-up business loans required to fund your new business, signed all the contracts, and are inching closer to opening day. Hopefully, you’ve already given plenty of thought to your business strategy and advertising plans. But there’s always a way to add a little extra something to your approach in the early…

Many people start companies by focusing heavily on their products, how they’ll distribute them, and how it will cost them. These are all vital aspects of a new business, but none of them will be of any use without a proper marketing strategy—and that starts with a strong brand image. If you aren’t sure how…

Many people who start or purchase a business take out loans to finance it, but this isn’t the only option. It’s possible to avoid going into debt by using your own retirement funds instead. Although withdrawing these funds before a certain age could result in taxes and penalties, there are ways to access this money…

Individuals who set out to start their own business need to consider the steps to take beforehand. The information, planning, and partnerships you make before getting the ball rolling on your professional plans can make or break your business endeavor. Creating a company from the ground up is a seemingly insurmountable task, a job made…