For new businesses, cash flow is an important element of money management. Having adequate funds on hand to cover financial obligations, especially when revenue is uncertain or inconsistent, is a key part of managing a small business.
Recent research from the U.S. Small Business Administration’s Office of Advocacy shows the landscape is optimistic for entrepreneurs considering starting their businesses in low-income areas.
Women-owned businesses can leverage financing options and preferred-vendor status with various federal departments by registering as such. Taking advantage of these opportunities, depending on the industry, can open up major perks for women looking to start or grow their own companies.
A recent report by the U.S. Small Business Administration’s Office of Advocacy provides detailed data about the state of small business funding. The data illustrates some of the challenges and opportunities for small business owners in 2018.
Identifying the right way to finance your small business is an important decision for any entrepreneur. Unless you are sitting on a pile of cash, you will need to go out and secure funds for start-up costs and to keep the business, not to mention your personal life, going until revenue begins to appear.
Minority business owners face unique challenges that their majority counterparts often do not experience. For new minority business owners, small business funding challenges and societal biases come on top of the usual challenges of starting their own company.
Women business owners face a different set of challenges than their male counterparts. In a prior blog, the hurdles range from societal obstacles and misperceptions to a lower rate of acceptance for small business loans.
Finding the right source of funding for your business can be challenging. Whether it is securing bank loans, using venture capital or angel investors, or relying on your own savings, the process can be stressful, slow, and time-consuming.
You have likely have seen crowdfunding campaigns, micro-efforts to boost funding to support a special project, development of a game or film, or to support a family in a moment of crisis.
Entrepreneurs by nature have different DNA. They are driven by a belief in themselves, a vision for success, and outside-the-box thinking.