Whether you’re looking for startup funding or money to take your business to new heights, you’ll need to explore your options for getting a small business loan at some point in the life of your small business.

Some entrepreneurs prefer to use funds from personal savings, family, friends, and even credit card advances. However, most small business owners would rather establish a good relationship with a lender and secure a small business loan to meet their financial needs.

Here are five tips to help you find a small business loan.

1. Know Your Credit Score

Before […]

Every business owner hopes to reach the peak of business success. You know, when you’re just crushing it—when smooth operations and growing profits allow you to breathe a satisfied sigh of contentment and pride. This year that feeling may seem farther from your reach than ever. A slower economy and a world trapped in daily self-distance protocols may leave you feeling directionless and disconnected.

But, remember what Albert Einstein once said, “In the midst of every crisis, lies great opportunity.”

Here are seven ways to ride out the pandemic and come out on top.

1. […]

It is really a guessing game to predict when we’ll all be able to return to some sort of pre-pandemic normalcy, so it’s important to find the positives in our current situation. We’ve all heard it, right? When life gives you lemons, you need to turn it into lemonade and something positive.

Sometimes, however, it’s hard to find the ingredients for whipping up that lemonade!

Phil and I have tried really hard to stay positive at home and at work. We’ve found a few core ingredients to help us stay focused on keeping our […]

Many determined individuals begin their entrepreneurial journey by operating their business as a sole proprietorship. It’s no wonder why. As a sole proprietor, the costs to start and legal formalities to maintain a business are less than when registering as other types of business entities. However, there are drawbacks to being a sole proprietor. The most significant downside is that the business owner is personally responsible for all debts and legal liabilities of the company.

It’s common for entrepreneurs to consider changing from a sole proprietor to an LLC as their business grows […]

Many business owners operate multiple businesses and there’s a good reason for that: Once you have one business and business structure in place, it’s much easier to get a new business off the ground than if you had to start from scratch each time.

At some point in your entrepreneurial life you may come upon an idea or opportunity too good to pass up. But you have no intention to stop operating your current business. So, the question becomes how should you structure the new business—should it be a part of the original […]

Consumers have many choices when it comes to legal services, from do-it-yourself online legal services, Alternative Legal Service Providers (ALSP) and even the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have recently added legal services to their menu of services. How can your mid-sized firm compete with the competition growing exponentially?

For business clients, there are several ways you can expand your offerings without having to invest too much time or money. Since you’ve already gained their trust in legal matters, now is the time to build loyalty and appreciation by providing […]

The start of a new year provides the perfect opportunity for business owners to set new goals and find unique ways to improve their operations. There are plenty of different options for your 2020 resolutions, from shoring up your finances to organizing your online presence. Here are some suggestions and tips from members of the online small business community.

Grow Your Savings with Money New Mindset

If one of your resolutions for 2020 is to save more money for your business, you may need to shift your mindset. So how can you […]

I think it’s safe to say that nearly all business experts agree that all entrepreneurs can benefit from having a business plan. Why is a business plan important for your startup? According to a study by Palo Alto Software, entrepreneurs who have a business plan are about twice as likely to successfully grow their business, attract investors, and get loans than those who did not have one.

What is it about a business plan that makes it such an essential ingredient for success? Let’s take a closer look!

12 Reasons Why a Business Plan […]