The Importance of a Good Business Pitch for Your Startup

The Importance of a Good Business Pitch for Your Startup

Now that you’ve brainstormed an idea for a business that can benefit your community while turning a profit, you’ll need to seek out funding and locate a client base. To convince potential investors to buy into your company, you’ll have to practice a good business pitch for your startup. Why is that pitch so important,…

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How To Start and Run a Franchise Business in 2023

How To Start and Run a Franchise Business in 2023

If you’ve ever dreamed of being your own boss and owning a successful enterprise, franchising can be an excellent opportunity. But what does it take to start and run a successful franchise business in 2023? Explore what a franchise is and what it takes to get started. What Is a Franchise? A franchise is a…

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7 Tips for Creating a Budget for Your Small Business

7 Tips for Creating a Budget for Your Small Business

As you embark on your small business adventure, create a roadmap to success by putting together a budget. Learning to manage your finances effectively and being prepared to pivot when unforeseen expenses pop up are crucial skills for any business owner. Hone your financial savvy and create a budget for your small business with these…

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5 Things Your Small Business Should Outsource

5 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…

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Why Right Now Is the Right Time To Open a Business

Why 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…

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Refining the Target Market of Your Small Business

Refining 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…

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3 Tips for Opening a Franchise With Rollover Financing

3 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…

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What Are the Requirements of Rollover Business Financing?

What 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…

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Common Financial Mistakes That Can Hurt Your Small Business

Common 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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Small Business Lending Trends To Watch in 2023

Small Business Lending Trends To Watch in 2023

If you’re a small business owner in this day and age, you have already shown remarkable tenacity. Between the COVID-19 pandemic and its wide-ranging effects on the economy, small business owners have survived a great deal of uncertainty. How can you secure financial assistance for your business in the future? Throughout 2023, watch for these…

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What Types of Businesses Can Use Rollover Financing?

What Types of Businesses Can Use Rollover Financing?

When it comes to funding your business venture, you have a variety of options at your disposal. From crowdfunding to venture capital to traditional bank loans, there’s a funding solution for every set of circumstances. If you have a healthy nest egg in your 401(k) retirement account, consider using it to your advantage with a…

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How To Avoid Debt While Starting a New Business

How To Avoid Debt While Starting a New Business

Starting your own business is going to cost money, no matter what. You’re bound to accumulate some debt as you set up your company, but there’s good debt and then there’s bad debt. Good debt includes money taken out in small amounts you know you can pay back, and it contributes to establishing a solid…

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