Year Three….hard to believe it has gone by so fast. I reflect back to the fall of 2010 when I decided to leave Corporate America after 30 years to take that leap of faith and start my own business. With […]
How You Can Establish Business Credit
I have been in business almost 3 years now and when I started, never thought about establishing business credit. I have been approved for an Office Depot and Chase credit card in my business name but it was based on […]
Debt versus Equity Financing
I get a lot of questions from companies whether they should use debt or equity to finance their growth. Business owners contemplate this critical question as they look for financing. Which alternative is best? Debt Financing The advantages to debt […]
Merchant Cash Advances
A merchant cash advance is an alternative source of financing for small businesses who can’t get a bank loan. * Do you need funds quickly for business improvements or investments? * Do you need to pay off outstanding debt or […]
Benefits to Companies that Factor
There are many benefits to companies that choose to factor their accounts receivable. In addition to avoiding all the paper work associated with obtaining traditional financing, factoring is easy and generally provides instant cash. Below is a list of additional […]
Crowd Funding Basics
I just attended a presentation reviewing the basics of crowd funding and decided to write about it since I am asked frequently as to what I know. Crowd funding (aka peer-to-peer fund-raising) is a way for individuals to raise money […]
7 Tips for Improving Your Cash Flow
There’s a golden rule in business you’d be smart to learn now: No matter how much you sell, if you don’t collect the money, you’re going to go out of business. As business owners, we often get so wrapped up […]
5 Myths about Private Money Lending
I’d like to discuss some myths about private money lending. Over the years, I have heard many misconceptions about private money lending so I wanted to address the top 5. Myth # 1 – No Private Money Lender can fund […]
End of Year Checklist for Every Business
For small business owners the end of the year means more than holiday parties and last-minute shopping, it’s also the time to get business in order for the New Year. While it may be hard for small business owners to […]
Why Stay in Business?
I’ve been in business for 2 years now. As we’ve grown, I have learned a lot, had some fun, and experienced some problems. There are days that I ask myself (along with other business owners that I meet) what’s the point? Especially […]