The best way to position your business for an even stronger new year is to reflect on the successes and obstacles experienced throughout the year prior. Whether you want to correct current issues or roll out growth plans for next year, looking back will help you to better strategize for the future. Overcoming Cash Flow Issues New and small businesses
While online retailers continue to grow, there are still many people who make purchases from brick-and-mortar stores due to convenience, expediency, and product availability. Even though many view the online retail model as something completely different from brick-and-mortar retailers, the truth is they have more in common than most people think. Retail Space Both online retailers and brick-and-mortar stores need
Solopreneurs are a unique group of business owners who generate revenue on their own. While many solopreneurs are Millennials, the demographics also include Gen-Xers, as well a Baby Boomers who are tired of the corporate churn and want to take control of their livelihoods and finances while doing something they enjoy. Some produce items for Etsy and eBay, while others
As we look ahead to 2020, successful businesses are already forming strategies to increase revenue and reach their next big milestones. One of those strategies should include a plan for reducing expenses and consolidating debt. Perform an Expense Analysis Businesses should perform expense analyses regularly throughout the year to get a clear picture of where money is being spent. At
Whether you’re a veterinarian, chiropractor, dentist, private practices, or even a large healthcare facility, securing the right financing is essential for long-term success. However, the needs of medical practices do not usually fit into a “one size fits all” loan. Fortunately, there are different healthcare financing programs to address the needs of medical practices of all kinds. Equipment for Medical
Flipping houses has become one of the mainstays of commercial real estate investors at all levels from newcomers to seasoned veterans who have made lifelong careers out of flipping houses. Flipping houses can provide a good source of revenue with each sale, and understanding the strategy behind the process is simple. Buy Low, Sell High The whole point of flipping
For new and small businesses, growth is essential for long-term success. While many small businesses are focused on maintaining operations and push milestones further down the road, there are several viable growth strategies that can help small businesses expand quickly without taking out traditional debt-based loans. Working Capital for Growth When businesses want to achieve growth and traditional loans are
A healthy cash flow is vital to every aspect of your business from covering overhead expenses to making payroll, purchasing supplies, marketing, and everything in between. However, if your business issues invoices with staggered payments of 30 days or longer, the resulting uneven revenue periods can strain your cash flow, preventing successful growth and long-term success. Invoices and the Waiting
There was a time when consumer financing options were reserved for automobile dealers and big box retailers. Now, small businesses, online retailers, B2B operations, medical practices, and more are using consumer financing to drive sales and grow their client base. What Is Consumer Financing? Most consumers are used to making purchases and paying in full for goods and services. If
Property flips, whether residential or commercial, are some of the most accessible undertakings for real estate investors. People who are new to real estate and seasoned pros alike take on real estate flipping projects to generate revenue in a short period through sales instead of rentals. Bridge loans play a big role in ensuring a property flip stays on schedule
