Loans are a debt option that provide up front capital, and when used appropriately can be a great way to break up large purchases into palatable monthly installments. When used incorrectly, these same loans can quickly add up, like a mountain without a peak. First you will want to speak with a knowledgeable bank partner…
Whether self-aware of it or not, most entrepreneurs feel entitled to every dollar the business owns. Although justifiably so, the hardest part of running a business, is accepting that you are just an expense to your business. Just like any other vendor, reasonable terms should be arranged to protect company cash flow. How Most Entrepreneurs…
Lines of credit are an alternative debt option to credit cards and loans. More flexible than a loan, but less accessible than a credit card, lines are generally a good in between options for a business’ working capital needs Why Working Capital? Working capital, references any expenses necessary to fulfill the delivery of a final…
This is meant to drive self-awareness amongst entrepreneurs. To do so, it is pertinent to first explain the psychology behind why credit cards create such a negative experience for most, and how they can be used to improve your business.Why are Credit Cards an Anchor for many small businesses? Believe it or not: Behavioral Economists…
In the next few months, organizations all over the world will find themselves selling into a post-COVID-19 market. Having to sell and market to buyers with limited budgets is one thing; selling to people that are overwhelmed with uncertainty caused by unprecedented challenges is another. How will corporate buyers respond? Taking time to understand what you or your…
I had the opportunity to speak with Loren Speziale, Esquire from the law firm of Gross McGinley, LLP about the newly enacted Families First Coronavirus Response Act. Here are the takeaways: Will this impact my small business? Yes. From April 2, 2020 to December 31, 2020 businesses with under 500 employees will be subject to…
Developing a Small Business COVID-19 Action Plan A current theme of questions being asked by small business during the Virus Crisis are: How can I stay afloat if I need to shut down my business for an extended period of time? How long can I afford to retain my employees if sales continue to plummet? …
