The entrepreneurial industry is booming with idealistic youth hoping to strike gold with their concepts. But before money can start pouring in, entrepreneurs will need to capital—often through small business loans from banks, but also from venture capitalists and other investors.
For those of you preparing to take on the entrepreneurial life full-time, the best advice I can provide is to be as rigorous as possible with your finances when pursuing your funding goals. It’s never been easier to bring a great idea into reality.
Financial concerns can creep up on companies of all sizes and too much debt can of course become a serious problem for any business. But it remains very much the case that loans and other forms of finance are often essential to the prospects of SMEs in a wide variety of sectors.
The food truck explosion in the U.S. is one of the most fascinating business stories in recent memory. Over the years, Americans have been accustomed to fast food and fast casual dining, and while these obviously continue to dominate the restaurant industry, food trucks are beginning to creep into our everyday lives.
Is your auto repair shop having trouble with finding a small business lending provider? Don’t worry, you’re not alone. Once you receive financing from an alternative lender, you’ll find that it will open a range of possibilities for your business.
Entrepreneurs exploring options on funding a small business often turn to bank loans as an effective way for them to get initial capital to pay back once they have income flowing in. However, a recent report from The Wall Street Journal indicates that while there’s been slight growth in small business lending, the numbers are not very promising.
Cash flow is essential for any business. It is vital for both survival and growth, but maintaining a healthy cash flow can be problematic in today’s economic climate. Many businesses will suffer cash flow difficulties at some point and the unfortunate reality is that if cash flow problems are not addressed early on then intervention will be required later in the form of business recovery.
Most small business owners have been accosted with a slew of real estate based troubles. While many have heard about residential loan modifications, small business owners may find themselves in a modification dilemma as well.
In some cases, these are concepts that have already been done too many times, and the space is crowded. In others, the concept has been tried too many times, or no one has yet succeeded in making any money. Or both. Here are my favorites.
Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.