At all the different points in a small business’ lifespan, the issues surrounding small business financing will need to be addressed in some regard. However, by doing a little simple research and understanding some of the options and the means to learn more, a small business owner can end-up being prepared for many different potential [...]
The story is perhaps more common than you’d think. A business opens, and the owner’s credit is stretched tight to cover all the bases. Maybe, a few payments get missed or delayed. This has an effect on the credit score, but it could not be helped. Yet, the need for business loans will not go [...]
Cash flow shortages are alleviated by seeking outside funding. There are a variety of sources for this funding. Let’s consider two of them: bank loans and trade credit. Bank Loans Traditional bank loans are the best bet when you need a larger, more long-term investment. The cost of taking out a loan varies from lending [...]
Posted in Financial Know-How 
Tags: Bank Loans, External Financing Sources, Trade Credit 
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After a while, the new business owner must consider whether to hire an employee. Beyond that simple consideration, should you hire one employee or two part-time employees? Do you need a full-time employee, or just one part-time employee? The questions go on and on. Hiring employees is expensive, both financially and psychologically, and employee expenses [...]
