December 8, 2017
Via: Fit Small BusinessYou can use your 401k or IRA to start or buy a business in three main ways: cash out the funds, borrow against them, or use a rollover for business startups (ROBS). The only 401k business funding option that doesn’t […]
May 30, 2017
Via: Fit Small BusinessAn ecommerce business plan defines and directs the various factors that go into an online store’s launch and continued growth. Like all business plans, cost estimates and budget forecasts are part of the equation. But for some ecommerce businesses, the […]
May 18, 2017
Via: EntrepreneurJohn Stewart knew his company needed a hefty cash infusion to transition from a cloud services provider to a software provider. But without physical assets to borrow against, a bank loan was out of the question; venture capital wasn’t an […]
May 2, 2017
Via: FindLawNot all of us have the personal capital or investors needed to finance our small business completely. That means borrowing some money, normally in the form of a small business loan or a small business credit card that can fund […]
April 26, 2017
Via: EntrepreneurIn times of tight credit, you can finance a new business or franchise by rolling your retirement funds into your new company. You pay no income taxes or early withdrawal penalties, avoid debt and have money available immediately to rent […]
March 29, 2017
Via: EntrepreneurDepending on where you’re at right now in your coaching business, an income of $1 million dollars may seem intimidating, or even out of reach. But the fact is, scaling your coaching business to seven figures per year and beyond […]
March 27, 2017
Via: Fit Small BusinessGot Crickets? Alex Drysdale is the founder of Crik Nutrition, a company that sells protein powder made with crickets (yes, the insect!). When Drysdale launched his company in 2014, he planned to get a loan to fund startup costs. However, […]
March 27, 2017
Via: Fit Small BusinessAnnual Sales times industry multiple and annual profits times industry multiple are the two most common valuation formulas used by both buyers and sellers to estimate of the value of a business. Having valuations based on both formulas will give […]
March 24, 2017
Via: Fit Small BusinessRevolving credit can be a lifeline when your small business faces an emergency, or simply needs extra cash for unexpected short-term purchases. There are two main types of revolving credit: business lines of credit (also called revolving lines of credit) […]
March 20, 2017
Via: Fit Small BusinessFor this guide we looked at all the top small business accounting programs and compared their features, pricing and customer support. Below is our recommendation for the best small business accounting software, and a detailed comparison of the three top […]
March 17, 2017
Via: Fit Small BusinessWe can all agree that a business checking account is one of the most important financial products for a small business, but also one of the hardest to shop for. Dozens of banks offer “free business checking,” but it’s not […]
March 15, 2017
Via: EntrepreneurStarting a business is an exhilarating endeavor. The prospect of offering a new product or service to the world, designing one’s own future, and creating a legacy are why many people step into the world of business. Yet, there are […]
March 14, 2017
Via: Fit Small BusinessStarting a business from the ground up enables you to design and manage the business according to your vision. On the downside, however, you must create everything from scratch starting with the business model. Failure rates tend to be high […]
November 14, 2016
Via: EntrepreneurMoney isn’t the only reason to start or grow a business but you better believe it’s important. If your business isn’t making money, all you have is a nice hobby. There are a lot of activities you can do that […]
October 10, 2016
Via: EntrepreneurWhat precisely is social entrepreneurship? Ask three people to define it, and you’ll get three different answers. This isn’t to suggest the movement is shrouded in mystery. There are accepted understandings of it. Social entrepreneurs are agents of change. Their […]
October 7, 2016
Via: Fit Small BusinessJust like an individual should set money aside for a rainy day, a small business should set money aside for emergencies, bad months, and unexpected expenses. One of the best ways to do so is with a business savings account. […]
September 13, 2016
Via: FindLawWhy hang your own shingle when you can buy one? If you’re looking to be a solo practitioner or run your own small firm, buying an existing practice can be an efficient alternative to building your own book of business. […]
July 5, 2016
Via: FindLaw Free EnterpriseEveryone seems to be asking for money to make their dreams come true, so why shouldn’t you? Your aunt is crowdfunding her feature film and your nephew’s collecting cash for an album. Now you are thinking you’d like to do […]
June 30, 2016
Via: EntrepreneurOnline lending platforms use technology to disrupt traditional lending and have become a large component of the robust FinTech sector. Small business owners shopping for a loan now can skip their local bank (which might already have said “no”) and […]
June 28, 2016
Via: EntrepreneurThere are several types of ecommerce business models you can easily get up and running quickly: drop-shipping, wholesaling and warehousing, and white labeling and manufacturing. It’s not by accident they’re listed in that order. In my opinion, those options are […]