Author: Adam Aberback
Time Management Tips from SCORE’s David Bobbitt
Running a small business is no easy feat – as a business owner, you wear several hats to keep your day-to-day operations running smoothly all while strategizing for your business’ long term growth. But how do you find the time to get everything done? In OnDeck’s latest Main Street Pulse Report, 61% of business owners…
What Would You Do with 33 Hours of Your Time Back?
33 hours. According to a study by the Federal Reserve Bank of New York, that is how long it takes – on average – to apply for a loan from a traditional lender. But let’s be honest: as a business owner, you don’t have that kind of time. In OnDeck’s latest Main Street Pulse Report,…
7 Key Keys to Building a Good Pricing Strategy
One of the most important and challenging decisions that you can make as a small business owner is how to set your prices. There’s a lot of work that goes into the number a consumer sees on a tag, or that a client sees from a vendor. Still, pricing doesn’t come down to an exact…
Feeling Flush: How to Optimize Extra Cash
You work hard, you put in the hours, and now you’re seeing the effort pay off. When your profits leave you with extra cash in hand, what’s the best way to spend it? Setting up a proactive savings plan can make extra cash a normal thing for your business. However your coffers fill up, here…
Open or Shut? How Small Businesses Owners Pick Business Hours
A sign with opening hours is one of the fixtures of a small business storefront. But “open” and “closed” are not quite as black and white as they appear at first, and there are a lot of decisions when it comes to the right times to operate as a small business. When should doors swing…
Four Growth Strategies To Build Your Business
Growth is important for any small business, but what’s the best way for your business to achieve growth? There’s no one-size-fits-all answer. Instead, there are several strategies you can employ; the key to success lies in choosing the strategy that best fits your particular business. Focus on a Specific Market Segment If your business has…
5 Ways To Turn Small Business Supporters into Bigger Sales this Holiday Season
The holidays are fast approaching. Black Friday is almost here, the day when millions of holiday shoppers will stand in line at 4am for deals on flat-screen televisions and the latest smartphone. It can seem intimidating for small businesses and local mom-and-pop shops to stand up to huge department chains with thousands to spend on…
Five Ways to Make the Most of the Holiday Shopping Season
The holidays are rapidly approaching, and as business owners know, that means holiday cheer—and the potential for increased revenues. Many retailers rake in a high proportion of their revenues during the holiday season. But how can you take an already good holiday cash flow to straight-up great? Have the right inventory. Make sure you’re following…
The OnDeck Score: Making Targeted Small Business Lending Decisions in Real Time
Since 2007, OnDeck has been transforming the way small businesses access capital, using our proprietary technology and small business credit scoring system, the OnDeck Score®, to efficiently evaluate a business’ creditworthiness and make targeted lending decisions in real time. So how do we actually do this? Keep reading to learn more about our OnDeck Score…
Have Negative Yelp Reviews? Here’s How to Deal with Them.
Getting great online reviews can boost your business-owner confidence and, perhaps, bring new customers to your door. But what do you do when a negative Yelp review pops up? Start out by not worrying too much–this is fixable!–and then follow these guidelines to handle the unfavorable review. Don’t Panic One bad review (or even a…
4 Things You Can Learn from Online Lenders… Even if You Don’t Need a Loan
Online lenders are expanding access to capital for small business owners across the country. In fact, in a world dominated by traditional lenders, these new players are changing the way small business owners look for a business loan. How they’re doing it might even help your business. Here are four things you can learn from…
Video: Tips for Running Your Small Business Better (Part 2 of 4)
Online lending, and crowdfunding, and invoice financing, oh my! The new world of business financing may seem daunting, but it doesn’t have to be. Find out more about the options available to small businesses like yours in this 2nd video from our “Tips for Running Your Small Business Better” video series. In this video, we’re…
Dynamic Duos in Business – 7 of the Most Successful Father/Child Teams
These seven titans of industry are household names, but they’ve worked hard to bring along the next generation of leaders – their children. In each company, father CEOs have worked closely with sons or daughters, and in turn, the children have often eclipsed their fathers’ success. 1. Edward “Ned” Johnson III/Abigail Johnson: Fidelity Investments Fidelity Investments was…
How to Get a Top-Notch Marketing Strategy on a #SmallBiz Budget
A marketing strategy takes time, expertise, and research. Every business and market is unique, and so every strategy must be as well. Most small business owners have a lot on their plates, and little time to dedicate to creating a comprehensive marketing plan. As such, getting help is the key. It will help ensure that…
Video: Tips for Running Your Small Business Better (Part 1 of 4)
When we asked business owners like you how they viewed small business financing, we overwhelmingly heard two things: Most business owners are not aware of their financing options Banks don’t do a great job of explaining what financing options are out there Well, we heard you loud and clear. We’re taking steps to demystify the mystery…