7 Easy Clues Your Financial Statements Are Wrong

As an owner or manager, your responsibility is to review accurate financial statements on a timely basis. This allows you to make good business decisions and spot minor issues before they become major crises. Here are seven easy-to-spot things to look for when analyzing your financial statements.

How to Avoid the Low Price Trap

Why are there so many talented freelancers willing to work for minimum wage?Because most of them are competing for the same low budget projects using the same entry level advertising.

SBA Loans vs. Non-SBA Loans

There are many options when it comes to small business loans. There are startup loans, equipment loans, business credit cards, business line of credit options, and loans to help recover from disasters. Is an SBA loan or a traditional loan right for you?

A Good Old Fashioned IRA Contribution

Most families and small business owners are still unaware on exactly how the rules work when it comes to contributing to a traditional IRA account. So here are a few facts you should know about these accounts almost forty years into the making.

5 Tips to Survive a Small Business Audit

Small businesses are more likely to get selected for an IRS audit, because many of them are unfamiliar with business tax rules and often conduct transactions in cash, which leaves more room for errors.

Mixing Business Trips with Vacation

If you thought your business trips can be expensive, you need to think again. If you plan and strategize, the government can subsidize your trip so that your trip expenses are minimal. The idea is to combine your business travel with vacation time and document the time spent on business.

Financing Can Help Your Small Business Make a Difference

Using debt financing to start a new business seems like a no-brainer to many, but there are some who really do not think of starting a new business this way. To some, just the idea of taking out new debt to start a business is enough to turn them off.

5 Tips for Getting the Best Business Loan

As the job market and overall economy in general continue to improve, lenders seem to be beginning to loosen up capital for more and more business loans. Programs designed to incentivize banks to make loans to small businesses, in the hopes that those businesses will then use the cash influx to create jobs, make loans possible even for less-than-stellar applicants.

Growth Requires a Different Kind of Capital

Growing companies usually require more working capital during their periods of rapid growth. In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital required is often surprisingly large.

Learn the Language of Merchant Cash Advances

For many business owners, merchant cash advance jargon can seem like a foreign language. With a little bit of explanation, however, you can be using the words like a pro and bantering confidently with people in the finance world.

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