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 […]
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The one thing that we’ve learned from the supply chain disruptions since the end of 2021 is that small businesses must change the way they approach inventory management – perhaps permanently. One of the causes of this change is that small businesses have been forced to compete with large companies that have contracts in place […]
No business, large or small, can survive without customers, and in today’s crowded marketplace, generating sales leads can be one of the most daunting challenges small businesses face. According to Hubspot, generating sales leads and finding customers are atop the list of the greatest challenges small businesses face, especially in an age where millions of […]
…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 […]
An error or inaccuracy on your personal and/or business credit reports can drag your credit scores down. That’s the last thing you need if you’re planning to apply for business financing. A lower credit score could potentially result in a steeper rate when you borrow, or lead to being denied for credit altogether. Fortunately, you […]
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 […]
Here is your list of women-owned businesses that have caught our eye. Women in business are changing the game. With innovative companies across the board, today’s women are tackling problems and finding new and unique solutions that better the world around us. From media companies to energy corporations, these women in business are updating the […]
Are you looking for a way to give your business revenue a boost? Your inventory may hold the answer. If your excess inventory is collecting dust on shelves or in a warehouse, moving it around can inject new life into your revenue numbers. Here are four ways to help reinvent your excess inventory. 1. Bundle […]
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 […]
Projecting your cash flow can help you plan for the future, avoid unexpected shortfalls and even qualify for a small business loan. Many overextended small business owners are weary of cash flow analysis. “Analysis” of any kind sounds difficult, and who has the time or energy to make future projections? More importantly, why bother to […]