It may be tempting to max out your business credit cards, but you should take care to manage them responsibly. Learn how to control spending, and why it’s important.
Consider the sad case of Paul, the owner of an auto body shop. Paul built his business from scratch over the past 20 years, to the point where, by 2007, he was planning on selling it in a year or two. He figured he would net about $500,000 and that would fund his retirement. Well, we all probably can guess what happened to Paul’s plan. The economy tanked in 2008 and so too did his original ...
Segment Customers for Bigger Marketing Bang How does the old song go? “You say potato, I say po-tah-to.” The point being, no two of us are quite alike. Not everyone has the same needs and wants. “If you talk to them all the same, you undermine the power of your message,” said sales training expert Adrian Miller. A better plan? “Segment, and then design outreach strategies and ...
Let’s say that you own a nice little shop that sells coffee, espressos, muffins and the like to busy people on their way to work. Business is good, your customers like their java fix, and you have a loyal clientele. So you get to thinking and decide that the logical next step would be to expand the place into a small restaurant that could serve a lunchtime crowd sandwiches, salads, soups and so ...
Understanding How Your Business Credit Profile Is Made Every company is likely in business for one sole purpose – to make money, and lending institutions make their money by lending money to other companies. Because there is a level of risk assigned to their job, lenders will only lend money to those companies that have proven themselves to be reliable at paying their debts. Many small ...
It may be tempting to max out your business credit cards, but you should take care to manage them responsibly. Learn how to control spending, and why it’s important.
Learn the truth about home-based business grants. Find out if home-based business grants are real, or if they’re just a myth, and what other opportunities are out there.
With virtually all new home businesses, most lenders are going to want to check the owner’s personal credit history prior to approving a line of credit.
If your small business credit has taken a turn for the worse, then you may have already felt the negative repercussions. Learn how to fix your business’s bad credit now.
Learn the 5 steps to excellent business credit management. Manage your business credit profile so you can build your credit, and have greater access to capital.
Learn what to do when your business partner has bad credit. Here are four ways of dealing with a business partner’s bad credit, while restoring your business’s credit.
The credit approval process requires first obtaining necessary information, then evaluating it to determine the desirability of a proposed account. Learn how the process works.
Trade credit insurance can help minimize the risks of extending credit to your partners. Learn how you can take advantage of trade credit insurance.
Managing credit risk is a balancing act between opportunity and risk. Learn 4 proven approaches to optimize profitability through credit risk management.
Investigating business credit references can minimize the risks of extending credit and help ensure that you only issue credit to worthy applicants.