As more and more business owners offer retirement and health care benefits for their employees, the question is: What else can I do? This isn’t purely altruistic: while employers do want to help employees live well, benefits are also critical to a company’s success.
For smaller businesses, debt sometimes gets a bad rap. But for many businesses, access to business line of credit may not only be necessary, but a smart move. Knowing how to select the right line of credit and manage it wisely can help a successful small business become a larger successful business than managing everything…
When a business hits a certain size, it often will bring on dedicated human resources specialists. But even then, these specialists often need to spend a lot of time managing systems and babysitting data, instead of focusing on areas where they can do the most good.
People often associate “risk” with big things, like a fire, accident, or major theft. But risk can be more subtle, like rising raw material prices or a slow sales period. And what about the risk of losing your top salesperson or your most experienced technician?
Deciding if and when you should apply for business financing can seem a little overwhelming. How do you know when the timing is right? where can you learn about the different options for business credit? What can you do to increase the likelihood of a loan approval?