There are two new “most important questions” to ask yourself as a small business owner: “What can $100,000 do for my business?” and “How resilient has my business been through these trying times?” That’s because Kapitus is launching its inaugural Building Resilient Businesses (BRB) contest, with the top prize being $100,000. The contest is being […]
About Bernadette Abel
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Entries by Bernadette Abel
…And 5 of them are Free! What’s in your business credit report? Knowing what lenders see when they’re making financing decisions about your business can help you better prepare before applying for credit. Here are a few things to know about your business credit report. Plus, we cover seven websites that offer reports, including five […]
Working capital – the amount left over after subtracting current liabilities from current assets – is the lifeblood of a small business. However, many people are still confused about its benefits and uses. Here are five things that many small business owners don’t know about this important resource that helps a company survive and thrive: 1. Working capital […]
Fast-growing businesses may face a problem financing an expansion. But asset based financing may offer advantages over more traditional methods of borrowing money. Here’s what you need to know. How Asset Based Financing Works. Imagine that you are running a retail apparel company and need cash to grow your business. Instead of applying for a […]
Small business owners often find themselves in a situation where they have to evaluate a capital investment project and decide whether or not how to expand their company, purchase new equipment or move to a new location. Availability of internal funds and the ability to borrow money are often limited. So, making the decision on […]
In the banking world, advisors often talk about stress-testing portfolios — determining the effect of different scenarios on an individual’s or business’s holdings. The same should be done for a small business. How prepared are you if the economy changes, and you need to dip into your reserves? How will you manage your cash flow? […]
Do you use your credit card to make withdrawals for your business? If so, you might be making an expensive mistake. Whether it’s a business card or a personal credit card, it’s time to think twice about using your credit card as a debit card. Here’s what you need to know. 4 Reasons to Think […]
As a small business owner, there’s a seemingly endless list of things to worry about, but banking shouldn’t be one of them. Your bank should offer the tools, resources, capabilities and service that are most essential to your business success. But, what’s the best bank for small business? Many business owners feel neglected by their […]
You need inventory to fill orders, so having plenty of everything on hand might seem smart. There would never be a stockout and closing sales would be as easy as sending someone to the warehouse. But maintaining too much inventory may undermine your business. Holding considerable inventory can force you to hold more product than […]