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Having a good idea is only the first step to starting your own business; the second is finding a way to finance it. Most can turn to business loans or credit cards to help them get their initial startup off the ground, but those with more precarious financial position might not have these options available to them. Since you plan on making a living out of your new startup, securing finances is one of the things you must get right when you get started. Image Source Savings Sometimes it’s best to work on your business part time while...

You’ve probably heard the old adage that people don’t leave good jobs, they leave bad bosses. It’s partially true. A good job with good benefits and a great salary is often hard to leave, so if your company has a high employee turnover, you have to ask yourself why. Some company bosses don’t realise that there’s a very big difference between management and power, and if you have too much of one and not enough of the other, people will leave your business regardless of what you pay them. Image Source Staff retention is one of...

When it comes down to it, running a successful business is about generating profit. If you can’t do this, even if people are raving about the service you provide or you’ve got the best team in the business, you’re not going to get anywhere. To stay afloat, you need to bring money in, and try and keep hold of as much of your profits as possible. Managing a company isn’t easy, especially when there are so many pitfalls to try and avoid. If you’re keen to avert disaster, here are some tips to help your business swerve financial...

When it comes to starting up a new business, the most important step is getting the required amount of funds. Like most startup business owners, you may not be able to finance your venture out-of-pocket. You will need to find ways to finance your startup. Besides getting help with small business loans, there are several other excellent ways to finance your new business in 2017, and today we will look at some. Let’s get started!  Raise Money from Friends and Family Done in the right manner, hitting up friends and family is one of the...

Creating, building and owning your own business is still an essential element of the American Dream. However, even if you have a great idea and a solid business model, it can still be difficult to raise enough money to start a new business, especially if you have less-than-perfect credit. But if starting a business was easy, everyone would do it. While obtaining a small business loan can be challenging, there are a number of options available for smart, dedicated entrepreneurs to obtain the money they need. Various options are available,...

Whether it’s from a seasonal slow-down, a particular customer taking their time with a payment, or just a stroke of plain bad luck, there are times where many small business owners find themselves squeezed for capital, and unable to maintain their hold on their company’s finances. If you’ve found yourself in this situation, and you’re beginning to feel the pressure, here are a few ways for small business owners to raise cash fast… Business Cash Advances Image: Hloom via Flickr.com / CC BY-SA, 401(K) 2013 There are a lot of merchant...

Lots of investors like the idea of using their money to help small business. They hope the company will then make it big and create lots of profit. If you’d like to invest in that manner this year, you’ll need to perform a lot of research. More than 50% of new ventures will fail within the first six months. For that reason, you need to read as much as possible and refrain from rushing into anything. Today, we’re going to highlight some of the niches in which firms are thriving at the current time. While you don’t have to choose...

Over the past decade the number of small loan applications for business purposes has significantly increased. Regardless of the economic instability all over the world, young entrepreneurs become braver and more confident in their business’ future. Most of them require any type of loan for business when the company starts to grow and the money for expansion is needed. So in order to help you get the desired loan we prepared four simple tips in the article below. Get your finances and documentation in order As a rule, lenders of loans...

Your business is growing and you’ve recently taken the decision to hire employees. Now you have to ensure they all get paid. Depending on the nature of your business, payment options will vary. Here are some basic tips to help you decide which way to go about payday. Time-rated or commission-based? There are two main methods of payment – a salary and commission. The salary is fairer for all, everyone is paid equal to the amount of hours they do regardless of their performance. Those wanting to earn more can work more hours. If your...

Image Source It goes without saying that the financial side of things is one of the more vital aspects of running a business. After all, no company will get very far at all without a decent focus on the capital behind it. There are so many aspects to this that it is impossible to go through them all in a post of this size. However, here we will look at some of the most vital characteristics of a good financial position. If you are keen for your business to do well long into the future, then taking firm control of the finances is a must....