Posts cover topics from how small businesses can compete in the online marketplace, how to marry content with the customer journey, and why storytelling can help your business’s bottom line. The Evergreen Small Business blog is run by two CPAs – Stephen L. Nelson and Elizabeth C. Nelson. Because of this, a lot of the content is focused on practical and tax and legal issues for small businesses. To complement the blog, Evergreen has a small business FAQ section, which delivers more long-form content on a range of burning business issues. YoungUpstarts is another small business blog that has won countless awards for its small business and entrepreneur-focused articles. The Big Ideas for Small Businesses blog has won a plethora of accolades, so you don’t need to take our word for it about how great this blog is!
- Rapid Advance Provides Affordable Small Business Financing & Resources that Promote Success.
- Work closely with tax professionals to file tax returns and meet your tax obligations, so you can get help in saving some money.
- This price is comparable for instance to what an SME would get in India from a nonbanking financial institution.
- It is extremely important to have a plan for the positive growth of your business.
They sell small businesses commercial insurance as well as small business loans. The SME Finance Forum, since its inception in 2015, has been featuring innovative fintechs, helping to connect its members to different technologies and partnership opportunities. Through our virtual SME marketplace, we offer, in particular, a monthly pitch session.
Small Business Survival Guide To The Festive Season
In the first year of his plan, September is particularly rainy, and Uncle Tom sells more umbrellas than he’d expected. He needs to quickly adapt his financial plan to account for buying more stock and selling it. Uncle Tom’s current warehouse is working to capacity, so he realises he’ll need a bigger warehouse which will cost more in rent and in staff costs. At the same time, he’ll be able to order more umbrellas and bring down his purchase price from £5/umbrella to £3/umbrella. Given his sales price is £10, that would improve his gross margin from 50% to 70%.
Whether you have two employees or 100, a dedicated team of professionals is crucial to the success of your business. If you’re struggling to fill positions or retain employees, your business is suffering. The SBA Franchise Registry is a national online listing of franchise systems whose franchisees receive expedited loan process when applying for financial assistance from the U.S.
Business & Finance: Tips on How to Handle Your Money
For a company’s owner, this is a convenient option as the common goal for both the equity investors and the owner is to earn a good return without any interest charges. Equity financing means selling some part of your company’s equity for capital. To be able to get any kind of business credit, your business’s credit score and history must be perfect. Check the market rate of interest and if you are paying more interest than that market rate, consider refinancing by taking a loan with more feasible interest rates. These could be offering incentives or discounts on early payments, subletting the used space in your business premises, or shifting to a place with lower rent. You can manage your debt more accurately by recognizing cost-cutting and revenue-generating areas.