All posts by Mariela Merino

It is important you understand how asset-based lending works before you seek it so that you know what is required and have better chances of getting approved. Understanding how asset-based lending works will help you determine if it is right for your business.

Business owners can save a lot of money by cutting down on startup business costs. When starting a new business, it is important to be mindful of the spending you are making. Spending more than you have to is unnecessary. Cutting back on expenses is easier said than done but completely possible. Today we will discuss the different ways you can cut your startup business costs.

The key to creating a marketing plan for your small is business is doing good research. You need to have an in-depth understanding of the industry you are in and the target market to achieve your business goals. When you understand your business industry and target market, you will determine which what marketing techniques will work best for you. Today well will discuss how to create a good marketing plan for your business.

The right business plan allows you to write a comprehensive business plan that your management team and investors will love. A business plan outline with instructions will help you write a business plan on your own easily. By following a business plan outline to write a business plan will make you look like an expert. It will also save you thousands of dollars by not having to work with an expert business plan writer.

If you do not already have a SWOT Analysis for your small business, it is time to start one. A SWOT analysis is critical to the long-term success of your small business. The contributing factors in the growth of your business are being able to identify the strengths, weaknesses, opportunities, and threats.

If you plan to get funding through angel investors or venture capitalists, you need to create an impressive elevator pitch to help your chances of getting approved. An elevator pitch is a short presentation that explains your business and track record. This elevator speech should sell your business to potential investors. A good elevator speech will help angel investors and venture capital determine if they should invest in your business or not.

A community bank is created to help fuel economic activity. This can help small business startups in a few ways. The Small Business Lending Fund provides qualified community banks with loans that interest rates as low as one percent. Community banks re-loan the money to qualified small business borrowers at a higher interest rate.

Many small business owners use traditional banks, however credit unions are also a great option for business needs. Read on to learn the difference between the two and which one is best for small businesses.

There are several different types of debt financing that small business owners can apply for. Before applying for debt financing, you need to understand what your financing options are and how to get approved for them.

Debts can accumulate because of debt financing and continued borrowing can raise your debt-to-income ratio. A high interest rate on an existing debt means the credit situation for a company will increase if not alleviated. This could lead to having a bad credit and profile. This is where consolidation comes in. A consolidation program is good for small businesses because it shows your ability to handle debt. Consolidation makes it easier to pay by qualifying and settling debts by reducing your creditors.