Author: mccbloom@gmail.com
Does My Business’s Age Impact Its Credit Profile?
One of the things a lender considers when they’re evaluating your business’ credit worthiness is your track record. So the age of your business credit profile will help a lender make decisions about your business. In other words, the more years of credit history that demonstrate your business can properly use and repay its business…
6 Small Business Podcast Recommendations
You might think of podcasts as pure entertainment, stories to listen to on your commute or at the gym. But today’s heyday of podcasting is bringing a variety of voices right to your ears, and many of them have expertise in small business or stories to tell about building and running companies. Here are recommendations…
What’s an MVP and Why Is It Important for My Business Idea?
In the garages and conference rooms of the tech industry, the acronym MVP has nothing to do with sports greats. Forget about “most valuable player.” In today’s businesses, the term stands for “minimal viable product” and refers to the simplest possible form of any merchandise or service you aim to bring to market. The reason…
Cook, Serve, Grow: Financing Growth for a Foodservice Business
Is your restaurant, catering or grocery business thriving in the New Year? Are you considering plans for growth? The costs associated with growth can be expensive. And, accessing capital to fuel growth is a challenge for many small business owners. Fortunately, if you need to buy equipment, increase your staff, or expand your location, there…
In Real Life: Businesses That Succeed Offline
Customers can do almost anything online these days. Shopping, ordering groceries, or watching movies are all exchanges many people choose to make using the convenience of the Internet. Still, websites and e-commerce don’t solve everything, and there continue to be some businesses that thrive offline. Perhaps formulas and code don’t always translate to good practices…
Five Ways to Motivate Your Best Employees
No matter how successful your company’s business plan is, how many investors you can excite, or how many hours you spend working yourself, there’s one thing your company can’t do without if you want it to thrive. Star employees. Great employees are the people that make the behind-the-scenes of your business run smoothly. They’re the…
Does a Business Line of Credit Make Sense for My Business?
Every small business owner sometimes faces situations where they need quick access to capital to address immediate needs—sometimes those needs involve solving a near-term challenge, but often they are to take advantage of opportunities. Establishing a business line of credit is one way many business owners prepare for those immediate cash needs. A business line…
Comfy Office, Happy Employees: 5 Easy Upgrades
Comfortable office spaces are a must for both you and your employees. A comfortable working environment will make your employees more productive. Whether you’re a retail outlet, a technical service provider, or a warehouse, here are five quick tips on how to increase the comfort factor at your office without breaking down the walls—or breaking…
Online Business Loans in 2015
Small business owners continued to turn to online small business lenders in 2015. Here are five reasons: Many traditional lenders (like banks) are still reluctant to offer financing to the smallest small businesses The application and approval process is more streamlined for the borrower with online lenders Online lenders are now considered more main stream…
20 Business Tasks You Can Easily Automate
Between long to-do lists, email responses and the never-ending cycle of meetings, the workday can be consumed by the mundane missions of everyday business life. That’s why taking routine, recurring tasks off your to do list is essential for your productivity. While you may be able to delegate some complicated, repetitious chores to employees, you…
The Presidential Election: Business Owners Weigh In
In a recent online survey, small business owners identified the top three priorities for candidates running in this year’s Presidential election. Of the business owners surveyed, 94.1% voted in the last election—which means Washington, and the candidates, better be paying attention.
Looking for the Right Short-Term Small Business Loan?
There are a lot of options for small business owners looking for financing these days. And, more small business owners than ever are looking online—with online lenders providing an estimated $7.9 billion in small business loans last year. According to Morgan Stanley, that’s up 68 percent from 2014. Traditional financing at the local bank is…
The Easiest Ways to Start Building a Strong Business Credit Profile
It can sometimes feel like a catch-22. Part of building a strong credit profile is responsibly using your business credit, but obtaining that business credit so you can responsibly use it is sometimes easier said than done—especially for young companies just getting started. As a result, it might be tempting to use your personal credit…
Does a Grant Make Sense for Your Business?
Access to capital is a big concern for many small business owners. Whether it’s to open a brand new company or to expand an established business, a grant can be a potential source for this much-needed funding. Nevertheless, there are differences between applying for a grant compared to applying for a loan; and in the…
Planning a Successful Succession for Your Business
Sometimes in business, you may come to a point where the best option is to shut down. Making the decision to close the doors of your company is difficult, but at times, the hardest choice to make is the right one. This does not mean you’re in dire straits. Perhaps you know the right path…