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Cash Flow Statement: What You Need to Know

Updated June 10, 2020 One of the most important things to understand while running a small business is the concept of cash flow. After all, it is critical that businesses have enough money flowing in to keep up with expenses and fund growth. Below, we outline the fundamentals of cash flow statements as well as […]

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What is Doing Business As?

Updated June 1, 2020 Starting a business can be one of the most monumental decisions you will make in your life. There are many important and complex decisions that come with starting your business and getting off on the right foot. One of these decisions is to use a DBA. What is a DBA? A […]

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S Corp vs. LLC: What’s the Difference?

Updated June 1, 2020 Choosing a business structure is a big deal as the entity type you choose can have a large impact on your business. S Corps and LLCs are two of the most popular options but choosing the best corporate structure for your business requires you to understand the differences between the two. […]

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How to Get a Business License

Updated May 21, 2020 A business license is a legal document that grants you the right to operate a business in your city. Obtaining a business license is a crucial primary step in legally starting a business. If you fail to abide by the licensing and permit requirements for your specific type of business, you […]

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Profit Margin

Updated May 21, 2020 Profit margin is one of the most commonly used profitability ratios, which is a basic measure of how much money a business, service, or product makes. Expressed as a percentage, profit margin is essentially how much money a company makes per transaction. In general, the higher the profit margin, the more […]

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How to Start a Daycare: Opening a Childcare Business at Home or in a Center

Updated May 21, 2020 Daycare is an ongoing service that provides childcare services throughout the day, usually by someone other than the child’s legal guardians. Many daycares start organically and there are vast reasons as to why people choose to do so. Perhaps you are currently at home with children, you are a retired teacher […]

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5 Things Every Small Business Owner Should Know Prior to Securing a Loan

5 Things to Know Before Getting Business Financing

Small businesses are often referred to as the engine of our economy, driving as much as 64% of new private-sector jobs in the United States. When small-business owners face the dilemma of obtaining financial backing to sustain operations, expand the business, or purchase inventory, they frequently turn to small-business loans. Nearly three-fourths of all small […]

Providing Professional Services That Are Good for People, Planet, and Profit (3P)

Providing Professional Services That Are Good for People, Planet, and Profit (3P) Like any other small business, providers of professional services — such as doctors, lawyers, accountants, and architects — need to generate profits in order to stay in business and continue serving their clients. But while earning a profit is the most obvious goal of running […]

Senators Press CFPB for Small-Business Loan Data

Senators Press CFPB for Small-Business Loan Data nerdwallet.com – Senate Democrats want rules in place to collect and make publicly available data on small-business loans. If you’re a small-business owner, especially one based in a low-income or underserved community, this data could help you find financing. The initiative was unveiled last week, when 19 Democratic senators […]

Small Business Loan Terminology — Speak the Language, Save Money

Business Loan Terminology

When you’re applying for financing, all the business loan terminology can be overwhelming. Here are a few lending terms that you’ll encounter along the way.