Working capital is the lifeblood of small businesses. As the credit gap remains a reality for SMBs in America, the market for capital is still robust. Business owners are increasingly active in evaluating various capital products from advances to invoice factoring to loans. But sometimes taking on new capital comes with unexpected challenges. What happens if your business has trouble … Read More
The Bureau of Labor Statistics indicates that 20.6 percent of businesses fail by year two, 30.7 percent by year three, 38.1 percent by year four, and 43.7 percent by year five. Pride can often cause emotional decisions that can be detrimental to the company’s success. But it is more than just pride that causes a small business to fail. Entrepreneurs … Read More
Consumer buying habits have long been trending towards convenient shopping experiences, and have driven the subscription market forward dramatically in the past few years. You only have to look at companies like Dollar Shave Club to see just how popular and profitable a subscription model could be for your business. Dollar Shave Club, a subscription service offering cheap shaving razors … Read More
While many small business owners may feel that their businesses are financially healthy, not every business owner possesses the same confidence. Running a check-up on your small business’s finances can give you a better idea of the state of your business, while potentially uncovering opportunities for growth.
The battle for a 40-hour full-time workweek continues as the Affordable Care Act attempts to redefine full-time as 30 hours a week. Changes could occur in the restaurant market, and now is the time for you to prepare for these potential alterations.