SmallBusinessLoans.com Blog } Business Financing Mind Share Like Never Before
By Rieva Lesonsky and the SBL Insider
New research funded by the National Institute for Occupational Safety and Health (NIOSH) found job-related injuries and illnesses cost $250 billion annually--$31 billion more than the cost of all cancers. Keep workers’ compensation and healthcare costs down—and keep your team safe—by focusing on prevention. Make sure you set clear workplace safety policies, train employees in what they are, and reward workers for staying safe on the job.
Meet Rieva Lesonsky
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By Rieva Lesonsky - Meet the Expert
“It’s impossible to get a small business loan these days.” So goes the conventional wisdom in the small business world, right? But according to the latest Thomson Reuters/PayNet Small Business Lending Index, small business lending was actually up in 2011. In other words, plenty of small business owners are getting loans. What do you need to know to be one of them?
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Even with some good news in today’s economy, it still is not in the best shape; however, this should not be a reason to keep you from obtaining business financing. There are plenty of ways that a small business owner can find funding sources with different loan types. You just need to be a little more creative and resourcefulness. Here are a few ideas to get you thinking:
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By Shashi Bellamkonda - Meet the Expert
Pinterest is a website where people share "pins," that is, images, photos or items of interest—either their own or from websites they visit. The graphic here is from the ComScore Blog that I "pinned" on Pinterest.
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Using corporate credit cards is an effective way of controlling expenses in a company. In fact, there are other relevant benefits attached to these amazing cards. Take note that each business can easily perform its own research to find the appropriate corporate credit card.
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Rieva Lesonsky and the SBL Insider
Get ready for tax season. Start now to gather the documents you’ll need to file your business taxes so you can meet with your tax preparer in a timely fashion. Get your business’s financial records in order, including bank statements, invoices, inventory records and loan records (including loans you may have made to the business or that the business may have made to employees). Don’t forget to send 1099 forms to any independent contractors you worked with during the past year.
Meet Rieva Lesonsky
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Meet the Expert
At some point in your life as an entrepreneur, you’ll need a business plan. In fact, any time you need to raise outside funding, you’ll need to develop a plan for investors or lenders. If that plan isn’t great, your ability to raise funding will be hampered. To ensure that doesn’t happen to you, here are four keys to a great business plan.
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It is essential to have a merchant account if you run your own business because of the many benefits it carries, like taking credit card payments or in the future obtaining a merchant cash advance loan.
However, there are a lot of entrepreneurs getting stuck with less than desirable merchant accounts that could be alleviated with some due diligence.
Below are some of the frequent and common mistakes business owners make when choosing a merchant account:
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Meet the Expert
Startup rates are rising. Americans, generations apart, are eager to start their own businesses. Entrepreneurial ideas abound. Of course it’s risky to start a business, whether the economy is good or bad. Are you thinking about starting a business, but are too scared to do so because of the risks involved?
I’m not going to tell you it’s not risky to start a business. It is. You risk time, energy and of course, money. The good news is, there are plenty of ways to minimize the risk to your bank account. And it’s crucial you do so, since being underfinanced is one of the top reasons for business failure.
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Meet the Expert
If you’ve been searching for a franchise to buy, or are thinking about doing so, you’re probably aware of what’s been going on with regards to lending. Just in case you’re not, let me share what’s been happening for the past couple of years.
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