When making a budget, entrepreneurs may account for some of the more obvious expenditures, such as payroll and production costs. However, some important expenses might be overlooked—which can significantly impact the health and longevity of a business. To help you create a more accurate business budget, members of Young [Read More...]
As a business owner, making more money is always on your mind. Whether you're a small business owner or a larger corporation, increasing your revenue is essential for growth and long-term success. However, with the ever-changing business landscape, it can be challenging to keep up with the latest [Read More...]
Scaling a business is a significant challenge, but it's also a great opportunity for rapid growth. As a business scaling expert, I've helped numerous businesses achieve sustainable growth, and I've identified six key areas that every business should know to build and scale the right way—without revenue interruptions [Read More...]
When you own your own business, managing your finances can feel challenging. From tracking expenses to investing in the right areas, there are many financial decisions to make. Some strategies can help you stay on top of your finances and make profitable business decisions. Knowing how to optimize [Read More...]
Many new, small businesses have just opened or were struggling amid the Covid-19 pandemic and are now again seeing signs of life. As more and more people get vaccinated and with indoor shopping restrictions lifted, foot traffic has increased. People who, for the past time period, were doing all [Read More...]
Running a small business can be an exciting and rewarding venture. Still, you must understand the various elements necessary for success to maximize your efforts and increase your chances of success. Revenues can be an exciting figure to look at in a business, but it's important to remember that [Read More...]
The business loan market is continuously evolving and is influenced by economic factors, market conditions and changing borrower needs. As we navigate through a post-pandemic landscape, it is crucial for entrepreneurs to understand the current state of the business loan market and anticipate potential outcomes. In this article, we [Read More...]
7(a) loans are SBA’s most common loan program, which includes financial help for businesses with special requirements. What is a 7(a) loan? The 7(a) Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements. This is a good option when real estate [Read More...]
The vast majority of businesses fail due to poorly managed cash flow. The only way to stop this from happening, and to enable more deserving business owners to succeed, is to upskill and educate ourselves and our communities on effective cash flow management. This involves planning ahead, arranging for [Read More...]
A business loan can provide the funds you need to expand operations, cover day-to-day expenses, and purchase equipment or inventory. If you’ve never applied for a business loan, you might be unsure where to begin or which documents are required. Here’s a simple guide that walks you through evaluating [Read More...]
