10 Common Traits of an Entrepreneur
Many people dream of being an entrepreneur. They envision their business as majorly successful; allowing them to make enormous wealth, be the boss, have the freedom to come and go as they please and work how and when they want. If only this were the reality, everyone would be an entrepreneur! Unfortunately, this is not the...
3 Ways to Increase Your Chances of Getting Business Financing
The three best ways to increase your chances of getting financing for your startup are to: Know what lenders look for when determining if and how much financing they will provide Be prepared and professional when requesting financing to give lenders confidence in you and your business Look for alternative financing sources beyond the bank...
Manage Cash Flow with These Essential Money Saving Tips
Cash flow is the lifeblood of all businesses. When starting out, you need enough cash to sustain operations until you secure your first sales. Once you’ve made your first sale, you need enough cash to buy inventory and supplies in order to produce your product or service. As your business grows, you need even more...
7 Tips to Secure Financing for Your Small Business
Commercial lenders are conservative by nature. They want to know their money is secure. They need to be confident that the borrower will be able to repay the loan or that assets that can be liquidated in case of default. Securing financing for a startup is especially challenging, as it is inherently more risky than...
Credit, Loans and Factoring: Find the Best Funding Option for Your Startup
Securing funding is one of the biggest challenges faced by entrepreneurs. It is especially challenging for smaller and newer businesses that have a limited track record and few assets. Most businesses start with financing from the owner, and perhaps family and friends, but as the business grows, outside sources may be required. There are a...