The financial industry can be highly competitive almost everywhere in the world, but for SMEs that are successful and experience good growth there are plenty of opportunities to expand even more. However, it is important that you expand in the most appropriate way, depending on where your business is based, the economy at the time […]
Finance
Getting Your Finances in Order for Year-End
To run a successful business, getting your finances organized is absolutely essential, not least when preparing for year-end. By keeping track of your profits and losses, you’ll be able to meet your legal responsibilities and ensure every required statement is in the right place. But, unless you’re clued up about accounting systems and tax forms, […]
How to Use a Small Business Line of Credit
A business line of credit can be a powerful asset, especially if business owners learn how to use them efficiently. So what is a business line of credit? And, how does it differ from a conventional loan? Funding options for small businesses can get very specialized. Learning how to use a business line of credit can be […]
Why It Is Crucial That Business Owners Understand Financial Markets
It is estimated that a staggering 96% of businesses fail in the first 10 years, and this has much to do with the complexities and demands of maintaining commercial growth. With entrepreneurs often focused on the internal components of their business, it is easy to see why so many lose sight of the macroeconomic and […]
3 Small Business Financial Statements You Need to Know
When it comes to financial statements for business management, small business owners tend to fall into one of three categories: Small business owners who have their financial statements completely in order and use them to drive a thriving company. Small business owners who understand how financial statements work but are too busy to fully apply […]
3 Tips for Financing Needs After the Startup Phase
Sometimes even after the startup phase is over and your small business is well-established and successful, you will need to access financing.
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.
7 Money-Saving Tips for Small Business
Money is one of the main ingredients in the recipe for success (or failure) of a small business. A necessary step in creating a budget you can stick to is finding the best ways to save money. You’ll be surprised to learn how simple some of these tips are to implement.
You Have to Understand Your Financials
Every business owner must understand and maintain their financial statements. By being unable to do so, many entrepreneurs get themselves into some major issues on so many fronts.
Lessons From Shark Tank
Shark Tank is an ABC reality TV show that matches startups with high net worth angel investors who will offer to invest in their business company in exchange for a proportional equity stake. The reason why I love this show is that it not only demonstrates the power of the startup…
