You may have already overcome one of the biggest challenges of starting a new business. You formulated an idea and got it off the ground. But now comes the even harder part — seeing it...
Many small business owners like to prepare for the new year by creating financial goals and resolutions. After all, looking to expand and strengthen your small business through financial goals is a great way to...
Becoming an entrepreneur comes with its fair share of unknowns. Taking the leap alone is a daunting feat. Along the way, there will be plenty of lessons learned and aha moments; some of which you...
While the pandemic has certainly had an impact on the startup space, speculations were off about one thing: venture capital. It didn’t dry up: Venture investors poured $150 billion into North American companies in 2020,...
Running a successful startup means being able to manage your finances well. In fact, 82% of small businesses shut down due to cash flow problems, according to the U.S. Bank. These problems may either be...
The way consumers buy goods and services is changing. Have a look at your bank statement over the last several months, and I’ll bet there are more than a few recurring charges for Netflix, Amazon...
Running a startup can be difficult, especially regarding cash flow management. You need to ensure that you have enough business capital to cover your expenses, but you don't want to tie up all your money...
Most startups fail—up to 90% in 2019—and unfortunately, more often than not, the founders themselves are responsible. Financial reasons are often cited as one of the most common factors for startup failures, and these are,...
Just as the economic effects of the pandemic showed signs of receding, the world has been hit with the prospect of an even more severe inflationary spike due to the Russia-Ukraine conflict and the ensuing...
Personal credit is something you should be familiar with as a business owner. Having good credit, or being "creditworthy," makes getting financing easier when you need it. But do you know what your business credit...
Whether you are running a tech startup, an app or the next best thing to solve world hunger, pretty much every startup relies on having a strong and stable cash flow. However, with more than...
It's practical to learn how to establish credit for your business. However, before you start applying for loans, weigh the costs as well as the impact on your business. Once you are approved for a...
Even the world’s wealthiest people make poor financial decisions. We asked six self-made millionaires to reveal what they learned from their biggest money regrets. Here’s what these leading entrepreneurs and The Oracles advisors had to say: I didn’t invest...
Fewer than 50 percent of businesses make it to their fifth year. That means that half of all companies have a short lifespan, despite their efforts to build something successful long-term. The interior design space...
One of the most important elements of a business plan is a financing request, or the amount of funding your business is requesting of potential investors. Many entrepreneurs may worry they are asking for too...
Summer is in full swing, and in some areas of the country, mask mandates have lifted and event production companies now have packed schedules. It seems like we are starting to finally overcome and move...
Despite the recent radical economic changes, entrepreneurs have been resilient and adapted their business models to cope and sometimes even go public. However, entrepreneurs often make costly, avoidable errors in their funding strategies. Entrepreneurs can...
A business owner faces many pressures, concerns and challenges and, perhaps, the biggest concerns revolve around money. Without it, the business can fail, creating a domino effect that can affect everyone involved in the business,...
On today's Business Beat, Jeff speaks with Angela Barbash, CEO of Ypsilanti-based company Revalue, about how she helps individuals make for-profit investments that have a positive impact on society. Tune in to the Business Beat,...
The market looks vastly different than it did a year ago, which means new opportunities — for better or worse. As businesses reopen, they offer clues to which industries proved to be pandemic-proof, meaning they...