One of the best routes to expanding your business is through increasing your ability to produce, or widening the range of jobs your company can handle. Often, all it takes is the right equipment to usher in new growth. However, bad credit business owners often hit the constraint of not having enough liquid capital on hand to purchase the machinery they want. Even if your business is creating revenue, putting a down payment on equipment might be out of reach due to cash flows needing to go back into the business. One potential solution is using a bad credit business loan alternative to finance that equipment purchase. One of the benefits of this method is the fact that these loan alternatives are available to small business owners regardless of whether or not they have a good credit score and can be accessed much more quickly than traditional business loans. While there can be a higher associated cost due to the risk associated with unsecured

Whether or not you are in favor of a raise in the Federal minimum wage or against it, the reality is that President Obama has voiced support for increasing the minimum wage to $10.10 per hour. The raise in wages has been put on the table as part of Obama’s promise to combat the widening wealth gap in the US as mentioned in his State of the Union address. The problem posed by a minimum wage increase is the fact that for many small business owners, the costs of doing business are already high, making any increase in overhead costs into a potentially major constraint to business growth, or even sustaining the workforce that they already employ. In the even that the minimum wage does increase, small business owners are better off being prepared and having a strategy that can allow them to keep their business operating, despite increased costs. Evaluate employee performance and identify strengths. Odds are, you may employ employees at different levels within

As more and more commerce takes place online, the growth of the total market as reported by to $67.0 billion for a 3.6% increase from 3rd quarter 2013 loans small business owners an idea of just how fast commerce is becoming a driving force in the shaping of our digital world. One of the main contributors to the rising popularity of E-commerce is the diversity of business models that the internet is able to support. An article on the rise of the subscriptions services market showcases just one of the ways that innovative business models can be supported by the depth of the market reachable on the internet. However, aside from the obvious benefits of an internet based small business model, the low costs of entry into the digital commerce space also are making it an attractive business model in 2014. With most banks wary of providing start up capital to all but the most qualified entrepreneurs, a digital model that can be successfully

This Winter has been a particularly important one in relation to the recovery of America’s small business economy, with indicators pointing to recovery, albeit with only modest gains. It seems that the true strength of a small business recovery is still germinating like a seed within frozen ground, waiting for the proper conditions to develop into a more robust bloom. Currently, the biggest indicator of stronger activity from the small business sector ahead is a pervasive sense of optimism that has managed to ride out issues at the end of 2013 including the Government Shutdown that saw many businesses with Government contracts scrambling to avoid hemorrhaging capital. Other issues, such as the possibility of more Governmental budget wars, the roll out of the Affordable Care Act and the surrounding uncertainty regarding what small business owners must be responsible for and a mistrust of the economy in general on the part of many have small business owners thinking very critically about the pros and cons of

The choice between investing in education and becoming a small business owner is frequently a real one that must be faced by those whose assets dictate one path or the other. At least in the beginning of running a business, one may be forced to allocate their assets into one project or the other. However, after a business crosses a certain threshold of profitability, the equation changes once more. Small business owners once again must determine if pursuing a degree is worth investing in, or if they should continue to run their business without going back to school. In order to make it easier for small business owners weighing their options to decide, we have organized a few telling questions that can help them evaluate whether or not a higher level of education is something they should consider investing in. Would a higher level of education allow you to practice a deeper specialization? For some small business owners, going to school is the best way to

Small businesses often have special relationships with their communities, either by virtue of having been in the area for multiple generations, providing positive impact on the lives of their customers or simply by providing quality service time and time again. In order to create positive relationships with those around them, small business owners should also take active steps towards community building in their areas. The stronger recognition and positive associations built around your business, the better you will be able to build up a loyal base for repeat business as well as referrals, which will help you maintain and grow your revenues. 1) Reach out to potential partner businesses. Your business will ultimately succeed or fail alone, but that does not mean that building up connections within your own industry and complementary industries is a waste of time. Far from it. In  fact, creating strategic partnerships with the businesses in your area can be highly mutually beneficial. for one thing, agreeing to forward referrals to businesses

According to a recent article on, business owners who are female minorities can have a much more difficult time with the already difficult process of applying for small business loans. Since many of these entrepreneurs don’t have large amounts of capital lying around with which to finance their business improvements, they have to be resourceful and think out of the box when it comes to figuring out ways to keep their businesses moving forwards. In order to present themselves with the widest range of options, female and minority entrepreneurs should take steps to grow out their networks and evaluate their options as best they can. Here are some ways that these business owners can strengthen their businesses towards the goal of obtaining capital. Work on your business plan. Business plans are the blueprint to your long term success. In  addition, they are invaluable in the event that you are planning on  applying for a bank loan or are going to be looking for a business partner. A

Why Content Isn't Dead for Small Business

Wednesday, 15, January , 2014 by

According to some of the talking heads of the internet, content marketing is already played out like the quill pen before most small business owners have even given it a shot. While this may be true on a certain level, with increasingly bloated lists of pointers (are 50 tips on how to use instagram too many for one post?) and reviews of the same services being recycled from blog to blog, the core ideas represented by content marketing are far from dead. In fact, content marketing is simply liable to evolve, not fade away. Marketing channels continue to be saturated as everyone jumps on the most visible bandwagons, but there are still compelling reasons to publish new material. In order for small business owners to avoid wasting their time and resources producing content that nobody will ever read, they need to come to grips with a few realities that can help them wake up to the changes that many content creators are lamenting. For one

Bad credit can be the kiss of death for many entrepreneurs seeking small business loans or alternative business financing. To go through the processes involved with applying for credit, only to wind up empty handed, can be a huge blow to the confidence of a small business owners, not to mention a large monkey wrench thrown into their best laid plans for expansion. But just how important is credit score in determining the strength of a small business? The answer, while not exactly clear cut, seems ti indicate that it might not be as important as it’s been made out to be. Credit does not paint a full picture when underwriting small business loans and loan alternatives. To simply deny an applicant based off of a bad credit score is a pretty standard move on the part of small business lending banks that have largely moved away from risk in their portfolios as a response to the Recession and the fall of Lehman. However, a business

In the world of small business, growth is a favorite word. The media anxiously reports on small business hiring , waiting for it to pick up as the economy flirts with more solid signs of recovery. However, despite these early blossoms, small business owners have been generally playing the hiring card very conservatively, and in reality, there is nothing wrong with that. When a small business owner takes a loan or another form of financing, they can choose to use it to hire a new employee, or they can use it to invest in labor saving equipment or technology. Which represents the better investment? It’s hard to say, given the individualized nature of every business, but generally speaking if a small business owner has a choice between using a clip of funding to hire a new employee versus purchasing a new piece of production equipment, they will have to heavily weigh the long term effect of their choice on cash flows. Employee salaries represent a

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