• Poor cash flow management can cause business financial issues, so track accounts receivables and payables. • Excessive debt can be risky, so stay within your budget and only borrow what is necessary for growth. • Effectively manage tax planning with help from an experienced accountant. • Have enough capital from the start and consider …
Financial Problems That Can Sabotage Your Business Read More
Business startups require substantial capital, which most new business owners don’t have access to. About $30,000 is the average amount of money required to start a business, with microbusinesses starting at only $3,000, according to the U.S. Small Business Administration (SBA). This is where a startup business loan comes in. By taking out a loan, …
The ease of starting a business nowadays has led to an increase in the number of new ventures. According to the U.S. Census Bureau, nearly 5.4 million startup applications were filed in 2021, which is significantly higher than previous records. However, many of these businesses will likely fail within the first few years. In a …
Finances play a significant role in the success of any business. According to a 2019 U.S. Bank study, 82 percent of companies fail due to poor cash flow management. That’s because a business needs working capital to pay its bills, expand its operations, and handle unexpected costs. Building good business credit is one way to …
All businesses apply for loans. Even the biggest corporations sometimes must reach out to financial institutions for working capital. Although debt isn’t always good for business, some situations call for this form of financing. Loan applications are especially crucial for small businesses. How easy is it to get a business loan? Table of Contents But …
The US may be recovering from the pandemic, but times are still tough financially. A lot of taxpayers still depend on the stimulus check the government sends because people struggle to keep up with their bills and make ends meet. So it’s only logical for some people to ask about updates on the 4th stimulus …
An Update on the 4th Stimulus Check: Who Gets What? Read More
Business financing is not an easy stage, especially for small companies. When you’re starting a business, what options do you have to get capital going? You’ve got the conventional bank loans; then there are the modern options of bootstrapping, crowdfunding and finding venture capitalists who paved the way for the computer industry. But have you …
Business Financing With Merchant Cash Advance: Blursoft to Fintegra Read More
When you’re self-employed, it’s essential to separate your personal and business expenses. If you don’t, you could pay more taxes than you have to. It may be tricky to figure out a business expense and what’s not, but it’s important to get it right. Here are some tips for separating your personal and business expenses: …
Separating Your Personal and Business Expenses: A Guide for the Self-Employed Read More
With the proliferation of internet-connected devices, organizations are becoming increasingly susceptible to cyberattacks. Financial institutions, which contain sensitive personal and financial information on their customers, are particularly at risk from hackers who want to steal this data or take control of bank accounts to commit fraud. Table of Contents Why Cybersecurity Matters for the Banking …
7 Cybersecurity Challenges Facing the Digital Banking Industry Read More
Starting a business is always a challenge, but it can be especially difficult for veteran entrepreneurs. Some unique challenges and obstacles come with being a veteran-owned business, but many resources and support systems are available to help you overcome them. This article will discuss some of the biggest challenges facing veteran entrepreneurs and offer tips …
