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Small business owners are expected to cover a wide range of expenses to keep their business afloat. One of the most consistent expenses is payroll. Whether your employees are full-time, part-time, or contract, you’re expected to consistently pay for their work. What Is a Payroll Loan and How Does It Work  A payroll loan is...
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Small businesses are the heart of the economy. They generate more than half of the nation’s job growth and contribute significantly to global financial wellness.  Notwithstanding the challenges that accompany entrepreneurship, small businesses are increasingly thriving. The secret to success is persistence. To be a successful entrepreneur, you need to know how to lead your...
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Picture this, you have this great idea for a beauty salon, and according to your projections, it will be a profitable venture. However, you have one main limitation: finances. Availability to finance a business idea plays a critical role in making your dream come true. Are you stuck on the best way to finance your...
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Any business owner will tell you that running a business is no easy feat. There are a lot of moving parts and pieces that need to come together to make a business successful. One of the most important aspects of running a business is strong partnerships. We will explore the importance of partnership in business...
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Hotel financing has never been easier than it is today. There are many different types of financing options for hotel businesses. Each type of loan has unique parameters, with different hotel financing rates. This gives established and prospective hoteliers options for financing hotel developments.  The fundamentals of hotel financing are where any hotel business owner...
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Business divestiture is an important strategy for the growth of many companies, but what does it mean and what is an example of divestiture? Here’s everything you should know about this topic. What Is Business Divestiture A business divestiture is when a company disposes of some or (more rarely) all of its assets. In this...
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Choosing the right type of financing is essential to the success of your business. There are two main options: debt and equity. Which one is best for your business? Here’s an outline of the advantages and disadvantages of each option so that you can make an informed decision. . What is Equity Financing? With equity...
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Ethics in business has always been important, at least to a point. If there comes a time when customers don’t believe you’re honest about what you’re selling, they can abandon you overnight, ultimately ruining your business. It’s becoming more apparent all the time that going a step further and practicing a higher standard of social...
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Both young and mature companies have to decide the type of loans they might take out, who they will partner with, and their general operational guidelines. The truth is, investors are the lifeblood of all companies. Finding the right investors is vital to the success of a company. While there are several types of investors,...
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Any business owner knows the key to success is attracting and retaining customers. But, of course, prices are a major factor in this equation, and raising them can be risky. After all, if your prices are too high, you risk losing customers to your competitors. But if your prices are too low, you may be...
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