Benetrends Blog

Business Funding:  ROBs 401(k) Funding vs. Self-Directed IRAs

[fa icon="calendar'] Jul 6, 2019 11:47:00 AM / by Benetrends posted in ROBS Strategy, benetrends funding, 401k rollover funding

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When it comes to funding options for your small business, there are many options. For many entrepreneurs, using existing retirement funds is often the best option.

Using retirement fund assets as your primary financing source has several advantages, as seen in the recent post, Using Retirement Money to Fund a Business: The Pros and Cons. You will not take on additional debt, or be subject to unyielding repayment schedules and daunting interest rates, for example.

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Using Retirement Money to Fund a Business: The Pros and Cons

[fa icon="calendar'] Jul 3, 2019 6:34:00 AM / by Benetrends posted in ROBS Strategy, small business funding, 401k rollover funding

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Entrepreneurs need many skills to be successful, including ingenuity, creativity, persistence, and strategic thinking. Never are these skills more necessary than when it comes to funding their startup dreams.

One of the most creative of business funding solutions is the use of retirement money and is an attractive option for many entrepreneurs. Commonly referred to as a Rollover as Business Start-Ups (ROBS) funding strategy, this solution has many advantages over more traditional financing options.  As with all financing opportunities, you need to weigh the advantages and risks. 

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How to Expand an E-Commerce Business to a Brick and Mortar Store

[fa icon="calendar'] Jun 27, 2019 9:00:00 AM / by Benetrends posted in entrepreneurs, business growth, small business ideas

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While e-commerce is growing, there is still a steady demand for in-store shopping experiences.

It is common for e-commerce companies to consider opening a brick and mortar store at some point. Even Amazon is getting into the act with Whole Foods and standalone Amazon stores.

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Checklist for Starting a Bed and Breakfast

[fa icon="calendar'] Jun 24, 2019 9:00:00 AM / by Benetrends posted in entrepreneurs, business growth, small business ideas

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One of the most rewarding small business ownership opportunities is a bed and breakfast. If you have the personality and commitment, owning a bed and breakfast is a rewarding and lucrative business option.

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Launching Your Own Hair Salon

[fa icon="calendar'] Jun 18, 2019 10:00:00 AM / by Benetrends posted in entrepreneurs, business growth, small business ideas

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Are you considering starting a personal-services business? One smart choice is a hair salon.

The hair salon industry is massive. In 2018, there were 996,000 hair care businesses in the United States. Those companies generated $46 billion in revenue and employed 1.3 million people. From 2013 to 2018, the industry has seen a 2.4 percent average annual growth rate.

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How to Open Your Own Fitness Business

[fa icon="calendar'] Jun 13, 2019 10:19:39 AM / by Benetrends

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According to the recent post, Have Entrepreneurial Dreams? Watch These 11 Industries in 2019, health and wellness services, products, and experiences are among the most compelling options for potential business owners.

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Have Entrepreneurial Dreams? Watch These 11 Industries in 2019

[fa icon="calendar'] Jun 10, 2019 4:45:00 PM / by Benetrends posted in business startup, 2019, small business ideas

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According to May 2019 figures from the US Bureau of Labor Statistics (BLS), approximately 3.4 million people voluntarily left their jobs in March of 2019. Many of these former employees made the choice to leave corporate America to pursue their own entrepreneurial ambitions.

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Beyond Opening Day: Support Services to Help Your Business Grow

[fa icon="calendar'] Jun 3, 2019 12:30:00 PM / by Benetrends posted in support services, business growth, business planning resources

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Once your business has opened its doors, the pace and demands as the owner increase rapidly. When your company opens, you need partners who will help with key business functions that, while necessary, may be time-consuming and unfamiliar.

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How Will Tax Reform Affect Small Businesses in 2019

[fa icon="calendar'] May 31, 2019 12:30:00 PM / by Benetrends posted in Taxes, small business, 2019

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Tax reform legislation passed in late 2017 is having an impact on small businesses beginning with the 2018 tax cycle. How can small-business owners make the most out of the new tax laws and what impact will it have on their business finances?

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How to Avoid Cash Flow Problems for Your Small Business

[fa icon="calendar'] May 28, 2019 12:45:00 PM / by Benetrends posted in cash management, small business funding, business growth

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For many small businesses, especially those just starting out, cash flow is a classic challenge.

Businesses starting out do not yet have the customer base and revenue flows established that allow for steady, reliable cash flow. Yet, as noted in the recent post, Entrepreneurial Dilemma: Do I Have Enough Money to Start My Own Business?, businesses still have many financial obligations that need to be met, no matter how much cash is in the coffers.

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