Browsing Tag

Finance

214 posts
save startup money
Read More

Do These 8 Things to Save Your Startup Money

Startup entrepreneurs face some of the toughest odds when it comes to achieving success. With 90% of startups failing — more than half by Year 3 — there’s seemingly little hope for those looking to start their own company. Yet, small business owners are vital to the U.S. economy. These mom-and-pop shops make up for...
credit reports
Read More

Business Credit Vs. Personal Credit Reports: Why You Need Both

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 report is and how it works? Business credit is like personal credit in many ways. But they are not exactly...
Read More

6 Finance Books to Help You Make Better Business Decisions

Just when you thought that successful business owners don’t have the time to curl up in bed to read a book, you’d be surprised to know that average entrepreneurs read at least one book a week. Even someone as successful as Bill Gates, the founder of Microsoft, squeezes in 50 books a year to get...
business credit
Read More

Simple Ways to Establish Business Credit

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 loan, there is no turning back. Planning is crucial when it comes to operating with loans. You should consider how...
credit score
Read More

How Soft and Hard Credit Pulls Affect Your Credit

If you want to apply for the best credit cards on the market, you must have a decent credit score. This means understanding how credit inquiries work. Different inquiries affect your credit score in different ways. But since they play a part in predicting the risk you pose to potential creditors, it pays to know...
tax challenges
Read More

Tax Challenges You Need to Know Before Starting a Business Abroad

America is called the land of opportunity, but some entrepreneurial ventures are better suited to other countries. Digital nomads around the world have proven the viability of starting a business from your laptop and running your company from anywhere in the world. Even if you don’t start your company abroad, you might want to expand...
federal interest rate hike
Read More

How Federal Interest Rate Hikes Will Impact Your Startup

Starting a new business comes with the day-to-day tasks of keeping up with payroll, managing the books, acquiring customers, ensuring positive cash flow and so on. On top of that, you have to keep an eye on macroeconomic changes that may affect your business. If you are a startup and navigating your way through the...
blockchain
Read More

Blockchain Applications for Startups and Entrepreneurs

There are so many stock phrases thrown out by bitcoin fans that it’s hard to know where to begin. One of the more interesting ones is “It’s the blockchain that’s really valuable, you know.” And that is probably true. It’s also much easier to explain than bitcoin. Essentially, blockchain is a sort of record of...
business
Read More

Stop Doing These 4 Things if You Want Your Business to Last

We’ve all seen the statistics on how many businesses fail within the first few years of operation, and the current pandemic may accelerate that struggle for some startups. After fielding literally thousands of questions from small business owners during the past few months at Nav, we’ve identified four ways businesses are setting themselves up to...
startup checklist
Read More

Want to Launch a Business? Here’s a Step-by-Step Startup Checklist

If you’re starting a business, you’re probably focused on the product or service you’ll sell, but there are other essential tasks you’ll need to tackle, too. Not only do these tasks help establish your business as legitimate and professional, but they can also help your business as it grows and seeks investment capital or small...
budget
Read More

4 Ways Business Owners Unknowingly Drain Their Monthly Budget

As an entrepreneur, you likely have a set monthly budget that consists of all of the overhead costs needed to keep your enterprise running smoothly. For example, your budget may include payroll for employees and freelancers, payments for Internet service and cloud-based project management software, rent for an office space, etc. It is paramount that...
unecessary expenses
Read More

Unnecessary Expenses That Startups Should Avoid 

Starting a business can be an exciting time, and the idea of being your own boss and doing what you love is alluring to many. However, with startups being so young, they’ll have additional deficits from their initial costs. While there are essential costs every business needs to pay for its day-to-day functions, it’s easy...
venture capitalist
Read More

How Venture Capitalist Diane Yoo Chooses Her Startup Investments

With so many entrepreneurs and startup ventures seeking investment opportunities, it’s crucial that venture capitalists (VCs) create a list of criteria they want their potential investments to meet. Of course, every VC dreams of investing in a business that can grow into a billion-dollar unicorn company, but these instances are few and far between. As...
loan scam
Read More

Don’t Fall For This Small Business Loan Scam

A business owner looking for a deposit for a building he wanted to purchase says he wound up losing $1,200 to a loan scammer, according to a complaint filed on the Better Business Bureau website. He’s not the only entrepreneur who has reported being ripped off while trying to find financing. The “BBB Scam Tracker is...