Debt is indeed a great word to many small businesses not because lenders reluctance towards extending their credit but because of the effect it has on their purses. Experts say that incurring debt could be a wise decision for some small businesses if it occurs under the right conditions.
It is also quite obvious that small business credits are on the rise. This was made certain in a survey conducted by a financial analysis company, Sageworks, located in Raleigh North Carolina. The survey involved about 159 financial institutions and more than 50 percent of them said that they have a plan to increase their lending to small businesses but only 11 percent said that they plan to reduce it.
Philip Chang of Carbon Publicity, a media firm in Chicago which helps small businesses with financial issues, said that they do not foresee any difficulty with small businesses obtaining financing. (more…)
Before becoming the director of information services at Bush Gottleib law firm, Jose Quintero already have firsthand knowledge about how a lost smartphone can devastate a business. He worked for automated system analyst, a multinational company that has up to 700 attorneys spanning about 15 offices. Without Quintero’s knowledge, an attorney moved his photos, documents and data from his laptop to his iPhone without backing the information up. After a short while, the attorney’s laptop was attacked by virus and he lost the information in it and then he also lost his iPhone, leading to an absolute loss of the data. (more…)
We rummaged over 300 entries, examining various recommendations and proposals submitted by Forbes writers, investors and founders on the search for the most wonderful startups of 2013. Each of the nine companies selected in the outstanding startups were really producing outstanding results in its sectors and achieved substantial progress or were established in the last 12 months.
Recommendations and proposals from various organizations came to our desk while compiling the list. Among these enterprises are restaurants, PR agencies, franchises and nonprofit organization. This made the definition of term “startup” to become unclassified as it is being associated to different kinds of enterprises which may range from small businesses to apps and from profit making organizations to charity organizations. This led us to begin making researches and asking questions on the actual meaning of startup. (more…)
Most startup enterprises do not live to the dawn of the day. I have been privileged to mentor over 500 startups and I realized that the problems facing these startup enterprises are recurring. You can avoid the problems faced by the faulty startups to achieve maximum success in your business. Below are highlights on these flaws.
Unscalable and small ideas
If you are notable to account for the number of potential customers you can boost for in your business, investors will be biased in investing in your startup. Investors will rather support the next Google and startups whose products will be accepted by the masses than they would a small business whose product is accepted by few people. (more…)
The right time to begin investing is now since the year has gone almost a quarter. If we envisage economic cycles as seasons, we will find out that the season has moved from a period of acute economic winter and is now moving towards economic spring. Many markets have been ridden of inefficient businesses and hence new opportunities which did not exist some years ago are now open in different markets. This has made business tools and human capital ubiquitous and cheap.
Do you want to avail yourself of the current trends in the marketplace for a strong launch? Below are some approaches to leverage and ways to ensure that your new business has a bright and successful future. (more…)
The increase in mortgage rates and the standard of Consumer Financial Protection Bureau (CFPB) have made it difficult to obtain mortgage and funds for mortgages. Irrespective of these odds, we need to consider how to essentially finance real estate projects. We need quick, fast and inexpensive money for various purposes as contractors, investors, opportunists and so forth.
The time span between finding a deal and paying for the requirements is now a very crucial factor to consider with respect to the intense competition and trends in the real estate market. We need to also protect ourselves as we execute deals in real estate market since there are lots of risks in the market owing to the rising interest rates and the declining profit margin. We need to know how to secure each deal and avoid losing it because of reasons like not being able to provide funds before another investor. (more…)