Although the economy has slowly recovered since 2010, there is still a long way to go before the unemployment rate is back to where it was prior to the 2007 recession. Prior to the recession, the national unemployment rate was about 5%. By late 2009, the unemployment rate had risen as high as 10%. In […]
If you are like a great majority of Americans, you are most likely strapped for cash. Hurting for money can mean you cannot go out to eat as often as you would like, but it could also mean that you cannot pay your rent or your utilities. Luckily there is a quick and convenient way […]
As you prepare to embark on this new adventure, there are three businesses for sale that you are considering. Although you have been weighing the options for the last three months, you and your husband have given yourself until the end of July to make a final decision. Buying the right business is the goal, as you are looking for an investment to keep you busy until you retire full time.
Business Choice One. This small gift boutique has been in its current location for the last 15 years, but it has only recently been profitable. The original owner mostly used the location as an art studio where she could do her painting, but she also sold a few things on the side. Not in need of an in (more…)
Though more and more people are using debit and credit cards for their purchases these days, plenty of people still use cash. And businesses need a way to handle and manage that cash. There are a number of strategies including cash management software.
Cash management software has a number of different uses. It can help you track the amount of cash that is being used for purchases in your business, giving you a window into how people pay. For example, if you see that a small amount of your purchases are coming from cash, you might offer discounts to those who pay with cash to discourage them from using credit cards, which come with merchant fees.
Cash management sof (more…)
Middle market companies are those that have revenues between $5-500 million. Owners of middle market companies may not be aware of when they should sell. If you sell too early you could miss out on larger profits, while selling too late could mean none. In this post, you will learn four major signs it?s time to sell a company.
- You Feel Extremely Burned Out: Your health should always come before your business. It is normal to feel those occasional moments of stress and worry. However, if your health is started to become impacted by a business, it?s time to sell. In some cases, entrepreneurs may find themselves in multiple industries throughout their lives. If you find running your business has now become a burden, selling it could very well save your health. A corporate finance com (more…)
For the past decade more and more firms are requiring the need for companies that offer medical record retrieval services. Law offices, legal institutions and more seem to have an endless need for these kinds of services and have outsourced them to several companies that provides it. Hiring a company that offers online medical record services allows the law firms and legal entities to focus more on their general business and not have to worry about performing a task that may not require their skills or is a major part of their job function.
Regardless of your company size, whether you own a very small law firm or a manage a huge medical facility, outsourcing these kinds of (more…)
The American market has seen a number of small businesses rise over the past several years, utilizing social media and the web to create a successful business. Over time many of these businesses will expand to a point where they are unable to handle everything in-house. While many may be reluctant to consider outsourcing a service for their business, studies suggest it could actually be the best way to expand your business.
The Toil of the Small Business Owner
A great majority of small businesses handle their payroll in house. This means that they are tasked with responsibilities such as totaling hours, performing gross-to-net calculations for every employee, calculating and depositing payroll taxes, and preparing and filing tax returns accurately and on time. All of this (more…)
Generally speaking, when a person thinks about their finances and how they manage them, they tend to focus on how well their investments have done when they are compared the broader market. Recent research has shown that there is another consideration that you should be thinking about that will help with your investment firm: sec investment advisers or financial advisers. Unfortunately, how our investments preform is pretty much entirely out of our control because how they have done in the past is not a very good indication of how they will do in the future. However, who your sec investment adviser is and any (more…)
Starting a business is not just complicated, it?s expensive. That?s why start-ups and small businesses have the option to finance their venture with small business 7a loans. If you?re in the hotels or restaurant industry, starting a daycare center, or opening up a nursing home and need help on the financial end, this article is for you.
What is an SBA 7a loan?
The Small Business Administration (SBA) is a U.S. government agency that provides support to small businesses and entrepreneurs. The 7a Loan Program helps these businesses obtain loans from participating lending institutions.
Who is eligible for a 7a loan?
Most businesses are considered eligible for financial assistance from the S (more…)
Secured short term loans make the house flipping market possible. For many homeowners, the thought of owning more than one home is frightening. The thought of having to deal with the financing, the remodeling, and the selling of homes purchased with secured short term loans is unattractive. For a select group of property investors, however, the opportunity to use secured short term loans to be able to get a shot at a home that is in bankruptcy is an investment not to pass up.
Commercial property investing involves some specific financing. While most home buyers are only looking for one property that will serve as their own residence, an entire industry (more…)
If you are like most small business owners in the United States, you may be counting on your business to provide you with an income well into your senior years. Financial experts consistently report, however, that small business owners might not be investing as much as they should, relying on their business as an ersatz financial portfolio. If you are thinking about selling or about bringing on some big investors, you may want to look into getting at least an informal small business valuation every year. There are business valuation resources widely available online, but you may want to speak to an evaluator in person.
In general, the worth of your business is determined by your financial bottom line, (more…)
Are you interested in flipping a house? If this is your first time taking on a project of this magnitude, it?s important to do some research before starting anything. Many first-time flippers have made the mistake of diving headfirst into a project only to discover that they don?t have enough funds or the experience to complete the project, leaving the house half-finished and looking worse than when they started. This is why we?ve compiled a list of steps flippers should take to avoid making the same mistake.
One of the biggest areas that first-time flippers don?t consider is renovation lending. This could be a hard money loan offered by real estate investment lenders that comes with an interest rate of 15%-18% or higher. The main purpose of these loans is to provide money specifically for renovating a ho (more…)
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As you prepare to embark on this new adventure, there are three businesses for sale that you are considering. Although you have been weighing the options for the last three months, you and your husband have given yourself until the end of July to make a final decision. Buying the right business is the goal, […]
Though more and more people are using debit and credit cards for their purchases these days, plenty of people still use cash. And businesses need a way to handle and manage that cash. There are a number of strategies including cash management software. Cash management software has a number of different uses. It can help […]
Middle market companies are those that have revenues between $5-500 million. Owners of middle market companies may not be aware of when they should sell. If you sell too early you could miss out on larger profits, while selling too late could mean none. In this post, you will learn four major signs it?s time […]