How to Leverage Credit for Business Growth

Business Tips   As a business owner, it’s almost a given that at some time you’re going to need to leverage some form of credit to meet your short- or long-term needs. There are many options when it comes to business borrowing, but some advice can help keep you focused: Borrow only what you need and…

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How to Manage Your Cash Flow

Business Tips   Cash flow is the lifeblood of your business. What is cash flow? It’s the money coming in and going out of your business. Why is it important? If you don’t keep track of it, you could find yourself short of cash to pay expenses, even if your business appears to be making…

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Starting a Business When You Don’t Have Much Money

Business Starting a business can be expensive, but that doesn't mean you don't have options if you're looking to start one without a lot of money in the bank. Pick a Business That Doesn't Require Much Money to Start Naturally, when you don't have the funds to start a business, it can be a good…

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Dealing with Information Overload as a Small Business Owner

Business Information overload is an issue that many people have to deal with, and when you're a small business owner, it can become an even bigger problem. Business owners have more information coming at them than the average person because of the responsibilities that come along with running a business, as well as the need…

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Small Business Perks More Attractive Than Pay Raise to Employees

Business While there's no question that employees value the potential to receive a pay raise, it's not necessarily the highest priority for them when it comes to finding the right small business employer. Benefits like health insurance and retirement plans are certain to make a job more desirable, but there are also additional benefits that…

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Eight Time Management Tips for Small Business Owners

Business Running a business is time consuming, and it seems like there are not enough hours in the day to get everything done. Time management is crucial. Here are eight tips to help. 1. Prioritize Tasks Figure out everything you need to do in a given day, and then prioritize these things. Start with the…

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How to Better Manage Your Business Debt

Debt is often necessary when it comes to running a business. It can help you finance your business needs and make it possible for you to operate. However, it can become cumbersome when business is slow or if you run into cash flow problems. Reach out to a banker to talk to someone about your…

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Buying or Leasing Equipment

Business Tips If your small business is in the market for new equipment, you may be wondering if you should lease it or go ahead and buy it. Both leasing and buying have their advantages and disadvantages, so it's important to determine which path is best for your needs. Pros of Buying When you buy…

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Preparing Your Business for the Next Economic Downturn

Business We're almost half-way through 2024, and you're still in business. Congratulations! Many of your peers have not been as successful. You probably have a good handle on your business, but it will help to stay ahead of the curve and prepare for the next economic downturn. Cash Flow  Good cash flow management is a…

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What Lenders are Looking for

Business Whether you’ve been in business a long time, or are just getting started, you might find yourself in need of a business loan. Do you have what it takes to qualify? Lenders look at a variety of variables.   Credit score Most lenders will look at your credit score, because it’s a fairly good…

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