Your medical practice does not survive on luck. Your clinic needs leadership and business management to survive. Unfortunately, medical school doesn’t include business classes. Still, in the medical industry, if you think about your practice like a business and...
Offering credit to your customers can be a powerful way to charge up your business receipts, but it can also be expensive. Since credit necessarily involves parting with inventory and taking payment later, it can put you into a...
Social media and the internet changed everything about people’s lives. This includes how people construct a business plan. It’s changing how companies should name themselves. The name of your company matters. You need to think about your product and...
Understanding your short-term credit options as a small business operator can be confusing, especially when so many products use similar terms in different ways. It’s common to see factoring described as financing your assets to get money, so it’s...
A well thought out business strategy can be the thing that you need to achieve your business’s vision. Your company is about you. You need to construct a strategy that works for your business specifically. A SWOT analysis can...
When you are trying to make it in construction industry as a company owner, it is a good idea to keep in mind what it takes on your part to make your company thrive. This means taking care of...
Factoring is a powerful resource for small businesses that rely on invoice accounting to handle customer payments, because they let you access money you are owed early, so you can meet your financial commitments. You can use the capital...
Business lines of credit are not built alike. In fact, they wouldn’t be very useful if they were. Credit lines have variable sizes, interest rates, and access restrictions to allow them to flex and meet the needs of more...
Running a business can require a lot of time, money and effort. If you’ve managed to build your business credit to a healthy level, it may be important for you to keep it that way. It can be difficult...
Growing your business will require funding, sometimes in sudden and unexpected ways as opportunities arise. This can especially be true in companies who get paid for products well after supplies are needed. For instance, if your next big order...