Strategic Small Business Trends

Quick Guide: Financial Forecasting Before Taking on a Large Project
Taking on and investing in a large project can be risky, which is why financial forecasting is pivotal in making decisions in the face of uncertainty. From asset pricing to risk management, there are many ways to forecast what the future might bring financially, to...

Best Business Loans for Those with Bad Credit
Almost 10 years ago, the approval rate for business loan applications was less than 10%. Today, the approval rate is significantly higher, at just over 25%. Even though businesses borrow about $600 billion every year, there are many businesses that can't get approved...

Top 8 Tips in Researching Franchise Opportunities
Do you dream of entrepreneurship, but don't know where to start? Are you nervous about the risks associated with starting a new business? Then, becoming a franchisee represents your best ticket. Owning a franchise lets you be your own boss....

Did You Receive an Unknown Hard Credit Inquiry? A Guide to Get it Resolved
Your business is taking off, so you decide to seek preapproval for a loan to launch a new location. You’re unconcerned with the result because you know you have excellent credit. Yet, to your surprise, the request is denied. How can this be? When you scan the letter...

A Guide to Small Business Disaster Relief Financing
The COVID-19 Pandemic has put unprecedented pressure on small businesses throughout the United States. To help mitigate the financial pain of dealing with the crisis, the federal government recently signed the Coronavirus Aid, Relief and Economic Security (CARES) Act...

Navigating the Coronavirus Outbreak as a Small Business Owner
There are now more than 245,000 cases of coronavirus (COVID-19) in the United States and new cases are being reported every day. The virus has caused panic and disruption throughout the country, causing grocery store shelves to empty and stock markets to plummet. For...

Distinguishing Gross Sales vs Net Sales: What You Need to Know
Your new business needs the right equipment to get the job done. You also need to equip yourself with knowledge about how gross sales work and what they mean to your bottom line. When reviewing your monthly numbers, your gross sales number can make you feel pretty...

How to Offer Financing to Customers: A Step-by-Step Guide
In the US, around 78.6% of small businesses make it past 1 year. And at the 5-year mark, only about 50% are still around. As you can see, it's difficult to keep things going after a while. This may seem daunting, but there are certain steps you can take to ensure your...

Direct to Consumer Marketing: Is Your Business Ready?
Direct to consumer marketing is popular with brands trying to leverage their marketing. A big part of that growth has to do with the fact that it allows brands to enter the market directly, without needing an intermediary. But is it as simple as choosing to "go...

Waiting on Outstanding Invoices, But Need to Make Payroll? 5 Ways Payroll Financing Can Help
As a business owner, when your clients take longer to pay you than expected, your business can quickly start worrying about financial problems. Not only can you struggle about how to pay employees, but paying your rent, utilities, and other operating expenses can...