Much like Black Friday and Cyber Monday, Small business Saturday is an annual holiday designed to encourage shoppers to start their holiday shopping locally. As a small business owner, you are no doubt aware of the impact Small business Saturday can have on your bottom line. The potential for revenue, marketing, and brand building during this event is tremendous if you are properly prepared. Here we've outlined 6 ways you can maximize your profits this year.
,Are you ready for the next disaster? Lately, it seems like superstorms and natural disasters of all varieties are occurring at an exponential rate. It’s safe to say that a lot of people and businesses typically flow with the mindset that “It won’t happen to me.” Instead of being complacent with your disaster recovery plan, now is the time to prepare so you are ready for anything mother nature may bring your way.
The alternative funding industry changes rapidly and it can be tough for small business owners to keep up with the times and choose their best option. Since small businesses need the ability to pivot at a moment’s notice owners have been opting for faster funding solutions. Here we’ve outlined some of financial trends that are affecting small business owners and where to look for financing.
Many businesses hit a snag in their plans to expand or grow when the bank turns them down for a loan. Perhaps they are denied a loan because they lack credit history, have poor credit history, or maybe they don't have the collateral the bank wants. Lending requirements tightened considerably after the economic collapse of 2008, which was partly due to loose lending requirements.
Business owners often dream of investing in new equipment with the intention of revolutionizing the way in which they provide services to their customers, and it seems like in the past decade they have been quite active in turning this dream into a reality: According to the United States Census Bureau capital expenditures—money spent to either acquire or improve long-term assets such as equipment or building structures—have increased $446.1 million in this time period from $1,042.1 billion in 2004 to $1,488.2 billion in 2013 for U.S. non-farm businesses. That’s a whopping 42.8 percent!