What Are the Odds of Your Startup Success?

Well, the numbers don’t lie, even if there are several sources of these statistics.  Starting a company is HARD – in so many ways.  And risky too. Let’s delve into the true chances of your startup success. Let’s start with a restaurant – not our thing. But… I read several years ago that the average…

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How To Start A Small Business With No Money

A couple of years ago, there was a minor uproar when Forbes called Kylie Jenner the “youngest self-made billionaire”. Those of us who did not come from families with tremendous wealth and fame took issue with the term “self-made”. That moniker is usually used to describe someone who actually built their wealth from nothing. However,…

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How to Deal with a Sudden Cash Crunch

It’s unfortunate but true: unexpected financial emergencies happen all the time to small businesses. Another unfortunate truth: most small businesses are not prepared to weather a prolonged financial emergency. JP Morgan Chase estimates that the average small business has 27 days of cash in reserve, while many small brick-and-mortar stores may have less than 20…

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7 Tips for Veterans Looking to Start a Business in 2020

The skills that veterans learn while serving the nation transfer well into the business world. If you’re a veteran who’s been thinking about going into business, there are plenty of resources to help you test out your ideas and get started. More than 300,000 veterans faced unemployment in 2018, according to the Bureau of Labor…

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Top 4 SBA Myths Dispelled

The Small Business Administration (SBA) loan program is amazing. It’s a big driver of the economy. Every year, the SBA, a government agency, guarantees thousands and thousands of loans to small business across the United States, totaling several billion dollars (not a typo, that’s billion with a “b”!). There are a bunch of unique features…

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How to Secure an SBA Loan for Your Business

Small businesses are having an easier time obtaining credit than before thanks to the current economy. According to Small Business Trends, 25.2 percent of small businesses in December 2017 were approved for loans by large banks. This represents a 0.1 percent increase over November and a 1.3 increase compared to 2016. But while this may…

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13 Small Business Grants You Need to Know for 2018

Running a small business is a lot like powering a car, and the only way to keep it moving down the road is to fuel it. Capital and funding are the fuel that drives small businesses, and your financial strategies can be the difference between opening a second location in the new year or laying…

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How to Get a Business Loan in 3 Easy Steps

No matter where you stand regarding your business, there’s a good chance you will, at some point, need to find a source of outside funding. Small business owners in every stage of the business life cycle apply for small business loans every day. However, the approval process for traditional banks loans can be tough. Banks…

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The Small Business Owner’s Guide to Equipment Financing

Whether your business is product or service-based, having the necessary equipment is vital to keeping your venture operating smoothly. Replacing, upgrading or purchasing equipment for the first time can put a serious pinch on your cash flow but with the right financing, you can get the things your business needs without making a substantial dent in…

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