Fundera
AUGUST 11, 2018
If you’re thinking about starting a service business, you’re part of a growing workforce demographic. Experts disagree on the exact size of today’s gig economy, but research from Intuit suggests that the population of independent, service-based business owners made up as much as 34% of the total US workforce in 2017. That’s a huge volume of individuals looking for new, independent ways of earning an income.
Fundera
AUGUST 15, 2018
Like many freelancers, your business might have seemed to happen spontaneously—in fact, your freelance work may not seem like work at all to you. But no matter how much you love what you do, make no mistake about it: If you are being paid for your services, you have a business. That means you must keep accounting records to make sure you’re correctly reporting your income and tracking your deductible business expenses.
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Fundera
AUGUST 16, 2018
SBA loans are among the best financing options for small business owners. They come with low interest rates, long repayment terms, and manageable monthly payments. SBA loans are designed to offer a path to affordable financing when an entrepreneur’s other options haven’t panned out. The problem for small business owners is that SBA loans are actually highly selective—lenders end up denying hundreds of applications.
Fundera
AUGUST 17, 2018
Retailers need to sell as much as possible. That means knowing how much inventory to carry, but without having to cut prices or offload surplus stock. But the retail business fluctuates by nature, and demand changes from day to day and week to week. So, is there a good way to figure out how much inventory to carry? It’s a little complicated. In retail, it’s generally considered better to sell out than have leftover stock—no business owner wants to see old inventory piling up and cutting into sto
Fundera
AUGUST 17, 2018
Whether you’re a B2B or a B2C company, you’re in the business of convincing customers to spend with you. But the biggest difference as a B2B business is sometimes how you land those customers—and that usually involves a business proposal. Learning how to write a business proposal that’s effective is core to your business’s survival if you need to dependably secure new clients.
Fundera
AUGUST 14, 2018
Social media is an invaluable tool for marketers, advertisers, and businesses looking to go viral—and, in turn, attract new customers. To achieve this, many small businesses turn to influencers for help. A survey from Collective Bias found that 30% of consumers have made a purchase based on sponsored content. While working with influencers can be a great business move, you’ll need to ensure that you handle your collaborations ethically to avoid raising red flags with the Federal Trade Commission
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
AUGUST 13, 2018
The ability to secure debt financing for operating costs, or to simply access additional working capital, can be the difference maker for many companies. If you’re preparing to apply for a business loan and want to ready yourself for the sometimes paperwork-intensive process, the best thing you can do is go through a commercial loan documentation checklist.
Fundera
AUGUST 12, 2018
When Oxford Dictionaries coins “vape” word of the year , you know the industry is blowing up mainstream culture. And the numbers suggest that this isn’t a fad that’s going away anytime soon— by 2025, the vaping industry is projected to be worth $61.4 billion. It’d make sense for entrepreneurs, both new and established, to want a piece of this lucrative industry and start a vape shop. .
Fundera
AUGUST 16, 2018
If you live in the southeastern United States or Washington, D.C., you might have come across one of SunTrust Bank’s 1,288 branches or thousands of ATMs. And if you’re already a SunTrust customer—or if you’re on the hunt for a place to call your small business bank account home—you might be wondering about the SunTrust Small Business Credit Card. .
Fundera
AUGUST 14, 2018
There’s no shortage of financing options for small business owners. Some give you fast cash but come with daily repayment terms, others might take months or years to pay off. That’s not to mention all of the different loans out there for purchasing equipment, financing payroll , or turning outstanding invoices into cash. And that’s not even touching the loan application process, which is a whole different issue entirely.
Fundera
AUGUST 13, 2018
Most would say yes. The more attractive you are, the more likely you are to get hired sooner, get promotions quicker, and be more successful overall. Right? Studies have shown that if you are more attractive, you are more likely to get that job you have been pining for than, say, your less-attractive competition. So, in some cases, yes, attractiveness does play a role in success—but is it the key to wealth?
Fundera
AUGUST 11, 2018
As a new enterprise, you have so many expenses: business startup costs can go through the roof, and that’s even before you make a dime. That’s why many new entrepreneurs go looking for routes to find working capital for startup businesses. Because, as much as you’d love to pay for odds and ends rolling in by simply generating more revenue, that’s hardly a solution anyone can pull out of thin air.
Fundera
AUGUST 15, 2018
How to Establish Business Credit. Establish a business entity. Get a Federal Tax ID number for your business. Open a business banking account. Establish a business address and phone number. Apply for a business DUNS number. Open trade lines with your suppliers. Get a business credit card or business line of credit. Borrow from lenders who report to business credit bureaus.
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