Business owners with bad credit are put into a predicament that can create conflicts of priorities surrounding expenses. If cash flows are not broad enough to finance projects, often they will have to be cancelled or scaled down, but knowing what to cut and what to preserve is often difficult. When a small business is the combination of many separate departments, it is essential that communication avenues are streamlined in order for a comprehensive budget to be created. Here are some strategies to employ in order to keep your small business’s ability to function safeguarded through the credit recovery process. Create a detailed budget report for each of your essential departments. While some small business owners will simply dump all of their expenses into one balance sheet and then reconcile it with their revenues, it makes much more sense in terms of deciding where to allocate a budget to break down expenses into departments. For example, if you find that your marketing is being severely neglected,

Small businesses often think that putting together an employee handbook is unnecessary and a waste of precious time that could be otherwise spent on more important matters. Everyone knows the company rules in a small business, so why bother with a whole formal write-up? In a certain sense, small business owners and employees who question the wisdom behind a write up are correct to do so. A write up for a very small company is unnecessary, and can actually become a liability if the information that it contains is misplaced or falls into the hands of a competitor. However, a manual for procedures, whether for individual departments or for the business at large, is important for when a business is ready to be scaled up, as it sets up a framework for growth. Much like a trellis allows a vine to climb steadily upwards, so a manual allows a small business’ s departments to grow steadily with greater ease.  Here are some other reasons that

An alternative to a bad credit business loan refers to a source of capital that small businesses can access, even if they have poor credit scores or other issues that would typically prevent them from getting approved for external financing. What is the importance of alternatives to traditional loans? At first glance, having multiple options for financing a small business outside of what is offered by traditional banks seems redundant. Business owners who are even aware of other options may be wary of them, as outside of the realm of a bank loan there are many different products and entities, some more beneficial for small businesses than others. However, when it comes to the question of whether or not these alternative capital sources are important, consider this; the average 7(a) loan amount in fiscal year 2012 was $337,730. Why is that significant? Because it demonstrates an important reality related to small business lending. The fact is, many of the enterprises we typically think of when

There are many ways to increase the bonds that small businesses share with their best customers, from rewards programs, to community events. When it comes to deciding how to stay in contact and deepen your rapport, it’s important to factor in the financing aspect for your small business, balancing your ambitions and you cash flow and ensuring that you get a good ROI on the money that you do spend while keeping your customers happy. One of the best principles that small businesses can espouse is taking what you already have and making it work more for your business. A perfect illustration of this concept can be found in the creation of a newsletter. So your small business has a social media presence? It’s also got a blog? Great! Then you already have everything that you need in order to put together a newsletter that can boost both your site’s traffic and the size of your social media presence. Here’s how it can work for you. Step 1:

Across the US, small businesses are racing to beat the December 1st deadline for renewing their current healthcare policies. Businesses with less that 50 employees are trying to avoid being hit with higher premiums that will go into effect along with the rest of the Affordable Care Act on the first of January. 2014 will usher in a potential hike in insurance premiums for small business owners, who could be forced to pay much more for mandatory coverage for their employees. Those who employ over 50 full time workers should check with their brokers to ensure that they are in compliance with the law before the end of the year, or else be hit with fines for non-compliance. Of course, there is debate surrounding that actual value of the rate hikes, as the old saying goes, “you get what you pay for”. Advocates of the new insurance marketplace state that along with higher premiums come better benefits for employees, which have some small business owners

With the arrival of November, flu season is officially here, and there are a lot of people getting sick and missing work because of it. according to the CDC, every year the flu costs businesses $10.4 billion in medical treatments. That’s a whole lot of lost revenue. Luckily there are steps that small business owners can take in order to protect themselves and their employees against the sickness that are very effective. The flu and the common cold are not the same thing. While they have similar symptoms, which include chills, coughing, aches, and a fever, the flu is the worse of the two maladies and those who are affected should stay home in order to avoid spreading the infection to others. If one of your employees reports having the flu, don’t make them come in to work, as the odds that they could pass the sickness on to the rest of the office are high. has resources for business owners or employees who get sick.

Happy Halloween from Horizon Business Funding! The day is here, sure to be followed by more festivities this weekend, so small business owners should prepare and take the safety of their businesses, their customers and themselves into account. Halloween is a fun holiday to celebrate and is a big hit with kids who love to trick or treat, but there is also an association with mischief and pranks around the holiday, which means that security becomes just as important as having fun. Here is a simple checklist that small business owners should run through to make sure that they are taking the steps that they need to to keep things running smoothly during this spooky holiday. Stay vigilant when customers enter your store. Keep an eye on the people who walk into your location and ensure that you know how many people are in your store at all times. Odds are good that many people wearing costumes will enter your location, which, while certainly fun and

There is large number of small business owners in the US who, due to one reason or another, have poor credit scores. While credit can affect a wide range of things in a person’s personal life, including the rental of an apartment to things as wide ranging as the ability to find a spouse or get hired, it does not mean that life is over for the person who has it. On the contrary, small business owners with bad credit actually have more options open to them than many of them realize. The ability to obtain financing to grow a small business is incredibly important, and while some banks will fund bad credit business loans, usually backed by the SBA, many will find that the traditional banking institutions that they would typically approach when trying to access credit will turn them away as a result of an extreme aversion to risk. Some of the typical reasons that business owners seek bad credit business loans and their

While not every small business will be engaged in activities where an employee or customer could potentially get hurt, outdoor businesses, restaurants, factories and other, more physically oriented business models have an inherent risk of injury associated with them, even if it is only a small amount. If an injury occurs at your business, it is better to be more rather than less prepared for treating it. CPR is a set of techniques for caring for injuries or medical emergencies that can save or prolong the lives of victims as emergency health professionals are contacted and arrive at the scene of an accident. CPR is easy to learn and get certified for, and the potential to save a life is invaluable for businesses where there is a risk of injury, from major bodily harm, to minor accidents like choking. Here’s what small business owners should know about preparing their employees and themselves for emergencies with CPR training. What can business owners do to prepare for

As a business owner, your cash flow is like your pulse. At all times it should be kept strong through a knowledge of responsible spending as well as a cohesive plan for obtaining capital should the need for expansion, wage payments, or other pursuits that require liquid cash arise. The economic climate of the last few years has been a tough one for many businesses; bad credit, devalued property and assets and increased requirements on the part of banks have made small business lending into one of the most hard-hit parts of the financing world. The ability to easily apply for credit from banks used to allow small business who wished to grow the option to access capital at will. Today, when a business owner goes to those same banks, they are much more likely to be turned away. An additional problem that faces many business owners goes beyond the increased lending requirements that they face. High risk industries as designated by banks include some

TOP css.php