August 6, 2019
Via: Fit Small BusinessA microloan is a small loan, generally up to $50,000, made to startups and emerging small businesses. These loans are offered by nonprofit organizations known as microlenders. Microloans typically have repayment terms of up to seven years and offer favorable […]
July 26, 2019
Via: Fit Small BusinessRetailers get financing to grow their business or to purchase inventory and ramp up for busy times of the year. Retail business loans come in various forms, such as a short-term business loan used to purchase needed inventory to prepare […]
July 5, 2019
Via: Fit Small BusinessProfessional liability is a type of business insurance for anyone who makes a living providing expert services or advice. These individuals face higher risk of negligence lawsuits, and professional liability covers their defense by paying for lawyers, investigators, and court […]
Business Law & Regulations, Finance, Financing your Business
June 17, 2019
Via: Fit Small BusinessA payroll card (pay card) is a prepaid debit card employers used to pay employees who don’t have bank accounts. Although regulated by state law, they’re similar to direct deposits in that money is sent electronically and setup is sometimes […]
April 19, 2019
Via: EntrepreneurEvery business needs to make money, but not every founder knows how — or when — to collect it. Cash flow problems are one of the top startup killers. Still, many business owners get so focused on delivering a great […]
April 19, 2019
Via: EntrepreneurJudging from the news and what policymakers say, entrepreneurs are in the business of creating jobs. And, in fact, recent research confirms that entrepreneurs do indeed create jobs. But as anyone who has ever started a business knows, creating jobs […]
Financing your Business, Tax Code, Regulations and Guidance
April 16, 2019
Via: EntrepreneurImagine getting a letter in the mail stating you owe someone $98,000. Now imagine that someone is the Internal Revenue Service. Just the mere utterance of the letters “IRS” will give business owners and sole proprietors the chills. As you […]
April 15, 2019
Via: Fit Small BusinessYou will need to process payroll checks if you’re not paying your employees electronically. To start, you need check stock and magnetic ink. If you print with regular ink, your bank may reject your checks. Expect to pay from $12 […]
April 8, 2019
Via: Fit Small BusinessMaryland has unique rules affecting shift breaks, sick leave, and equal pay that affect how you do payroll in Maryland. It’s best to educate yourself on Maryland payroll laws, use payroll software or partner with an experienced payroll provider to […]
March 25, 2019
Via: FindLawLitigation funding is a way to finance your cases, but it may not be your way. If you signed on a client to right a wrong, litigation funders are not really interested. They are in it for the money, not […]
February 19, 2019
Via: EntrepreneurA report from the U.S. Bureau of Labor Statistics cites two primary reasons why businesses fail — lack of proper planning and poor leadership. In a way, both these factors are tied to the decisions made by the business owner. […]
January 30, 2019
Via: Fit Small BusinessA working capital loan is short-term business funding used to finance a company’s day-to-day operations, like buying inventory or covering payroll. Common small business working capital loans are LOCs, term loans, invoice financing, and merchant cash advances. We reviewed working […]
January 23, 2019
Via: InvestopediaFinancial advisors and planners who want to transform their practices should consider a coaching program. These programs teach advisors the practices and methodologies used by the industry’s most elite businesses. Popular coaching programs include those from CEG Worldwide, The Oechsli […]
January 17, 2019
Via: Fit Small BusinessThe six most common loans offered by The Small Business Administration (SBA) are 7(a) loans, 504 loans, CAPLines, export loans, microloans, and disaster loans. You can learn more about requirements, costs, terms, and how to apply in the brief overview […]
December 19, 2018
Via: Fit Small BusinessA business credit card is a great way to pay for your business expenses. Using credit cards allows you to enjoy perks and rewards such as cash back, miles, fuel points, and more. We spoke with the experts who shared […]
November 20, 2018
Via: InvestopediaIf a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, also called net working capital, is a liquidity metric used in corporate finance to assess a business’ operational efficiency. […]
October 1, 2018
Via: Fit Small BusinessSmall business payroll can be completed by following six easy steps, starting by adding your first employee and ending when their paycheck is printed. It can be run manually or by using software to automate it. To help you, we’ll […]
September 28, 2018
Via: EntrepreneurGoing into business for yourself is a big deal. There’s always a long to-do list and you’ll find yourself wearing many different hats from time to time. Your business is more of a hobby if you’re not making money. Properly […]
September 28, 2018
Via: InvestopediaWhen running a business, the first three years set you up for future success. Therefore, if you are self-financing, or bootstrapping, it’s important to prepare yourself for financial success during these first three years. Those who opt to self-finance a […]
September 27, 2018
Via: InvestopediaHow much of your net worth is tied up in your business? If it represents a large percentage, you may have wondered how you can transfer this wealth to the next generation of entrepreneurs, while attracting, rewarding and retaining valuable […]