Fundera
OCTOBER 2, 2019
The 10 Biggest Business Problems for Small Business Owners. Managing your money – creating a budget, running financial reports, tracking expenses, paying bills, and more. Building a quality team – finding and hiring the right people to help your business grow. Providing health care for your employees – finding the right solutions for your employees, fitting it into your budget, etc.
Abrigo
OCTOBER 21, 2019
A farmer, a university student, and a business owner walk into a bank. It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. However, they’re probably seeing fewer of these customers walking into a physical branch. Today, 73% of all consumer interactions with financial institutions are done digitally , according to the 2019 FIS Performance Against Customer Expectations (PACE
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GoCardless
OCTOBER 31, 2019
A Faster Payment is a type of electronic transfer, designed to speed up the process of sending money within the UK. This guide will tell you everything you need to know about the Faster Payments Service and how your business can use it.
TrueBuild
OCTOBER 27, 2019
I wanted to share a story with you about a recent client of ours. He is a pool contractor in Florida that had been in business for about three years. His business had been slowly growing but not at the pace that he wanted it to. He had a relatively good stream of business but it was mostly residential where the average job size was $15k to $20k. What he really wanted to do was crack into the large commercial market building pools for hotels and resorts.
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
Midwest Corporate Credit
OCTOBER 15, 2019
How many bags of maple bacon flavored organic K-9 Krunchies can you buy with $25,000? I ask because that’s how much one of our clients increased her MONTHLY profit by! $25,000 every month. Source.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
OCTOBER 5, 2019
How to Start a Business in 10 Steps. Step 1: Research and find a business idea. Step 2: Write a business plan. Step 3: Choose your business’s legal structure. Step 4: Register your business. Step 5: Apply for licenses and permits. Step 6: Obtain funding for your small business. Step 7: Assemble your team. Step 8: Open a business bank account. Step 9: Learn how to manage your finances.
Fundera
OCTOBER 17, 2019
Some projects perfectly lend themselves to the DIY route: You can change your own car oil, paint your home, maybe even patch up your own roof. But managing your small business finances ? Unless you have a background in the subject, this is definitely something you should consider leaving in the hands of an expert. For a small business owner, your finances are like gas in the car.
Fundera
OCTOBER 15, 2019
How to Find and Pick a Business Attorney in 5 Steps. Determine why you need a business attorney. Source business attorneys through your network or legal directories. Compare business attorneys by asking the right questions. Work out a fee arrangement that fits your budget. Know when it’s okay to skip the small business lawyer. If you run a small business, one of your biggest fears is probably getting sued.
Fundera
OCTOBER 23, 2019
The location of your startup could have a big impact on its growth and eventual success. The interest of investors in your startup, the availability of talent in the local labor pool, and an area’s cost of living can all work in a company’s favor or against it. . Startup culture is centered in a few regions in the United States. The Silicon Valley Bay Area accounts for 45% of total venture capital investment in the U.S.
Fundera
OCTOBER 6, 2019
How to Start an Etsy Shop in 8 Steps. Register for an Etsy account to get started. Set your shop preferences including language, home country, and currency. Choose your Etsy shop name. Add items, complete their listings, and publish them to your shop. Choose how you’d like to accept payments. Set up your billing information. Open your Etsy shop.
Fundera
OCTOBER 10, 2019
If you’ve ever logged onto Instagram during a quiet night in, only to see pictures that make you suddenly overwhelmed with anxiety that you’re missing out on all the fun, then you’ve likely experienced FOMO. FOMO, which stands for fear of missing out, is an anxiety that stems from humans experiencing feelings of “other” or of being out of the loop. 69% of millennials say they’ve experienced FOMO at one point, and 33% admit that they’ve tried to elicit the feeling in their peers.
Fundera
OCTOBER 21, 2019
How to Start a Winery: 5 Steps to Starting a Wine Business. Come up with a name and choose a business entity. Write a business plan. Navigate licensing, permits, and taxes. Create a budget. Get funding for your wine business. To take on the challenge of how to start a winery, you need to be determined, fearless, and passionate about your craft—although owning a vineyard seems romantic, starting a business in any industry is work, and the wine business is a tough one. .
Fundera
OCTOBER 10, 2019
Opening a Salon in 6 Steps. Step 1: Write a Business Plan. Step 2: Determine the Costs. Step 3: Insure Your Salon. Step 4: Choose a Location and Hire Staff. Step 5: Market Your Salon. Step 6: Scale Carefully. If you’re interested in starting a new business , specifically opening a salon, you’re not alone: The beauty industry is worth over $56 billion annually , and haircare the largest segment with 86,000 locations nationwide.
Fundera
OCTOBER 12, 2019
Basic Accounting Principles. Economic entity assumption : A business is an entity unto itself and should be treated as such. Monetary unit assumption : All financial transactions should be recorded in the same currency. Specific time period assumption : Financial reports should show results over a distinct period of time. Cost principle : The cost of an item doesn’t change in financial reporting.
Fundera
OCTOBER 8, 2019
8 Best Credit Unions for Small Business Owners in 2019. America First Credit Union. Alliant Credit Union. Navy Federal Credit Union. First Tech Federal Credit Union. Self-Help Credit Union. Consumers Credit Union. Digital Federal Credit Union. Boeing Employees Credit Union. One of the most important decisions you’ll make as a small business owner is finding a hub for your business’s finances.
Fundera
OCTOBER 6, 2019
If you’re a principal or shareholder of an S-corporation, you already know the many tax advantages the structure provides you—and the few disadvantages you have to deal with. . Being part of an S-corp means your shareholder assets are protected and you can take advantage of pass-through taxation and other tax benefits, making the S-corp entity a good choice for both you and the business. .
Fundera
OCTOBER 24, 2019
As a small business owner, you’re probably juggling about a million different tasks and projects, so your time is in short supply. Learning how to manage your time effectively when you start a business is crucial for increasing your productivity, getting through your miles-long to-do list every day, and generally maintaining your sanity. And who better to ask about time management tips for entrepreneurs than entrepreneurs themselves?
Fundera
OCTOBER 21, 2019
The Best Business Insurance Companies. Next Insurance: Best for businesses that need coverage fast. State Farm: Best for customer service. Insureon: Best for finding the lowest premiums. The Hartford: Best for purchasing a business owner’s policy (BOP). Chubb: Best for international businesses. Lloyd’s of London: Best for hard-to-insure industries. Founder Shield: Best for high-growth startups.
Fundera
OCTOBER 14, 2019
Managing isn’t easy. Accepting a managerial role is like that feeling you get when all the nerves in your body crowd in your belly — similar to trying bungee jumping for the first time and hoping the rope has your back. Management controls the most valuable asset of a company: employees. That’s why it’s essential that small business owners strive to be good managers.
Fundera
OCTOBER 4, 2019
How to Start a Cleaning Business: 7 Steps. Fund your cleaning business. Choose your market. Find your specialty—and stick to it. Plan your cleaning business budget. Register your cleaning business. Find and maintain clients. Invest in advertising and expanding. If you’re looking to start a new business with low overhead, the absence of typical operating costs, and reliable demand, you might be interested in learning how to start a cleaning business.
Fundera
OCTOBER 18, 2019
What Is a Micro Business? Definitions vary, but typically a micro business is a type of small business that employs fewer than 10 people. Size and scale are the main differences between a micro business and small business—micro businesses often function as sole proprietorships and earn less than $250,000 annually. Financing and marketing can be more of an issue for micro businesses vs. small businesses, but they operate with less capital and enjoy a closer relationship with customers than small
Fundera
OCTOBER 3, 2019
How to Start a Home Business in 8 Steps. Step 1: Decide what type of business to start. Step 2: Choose a name and entity for your home business. Step 3: Write a business plan. Step 4: Register your home-based business. Step 5: Get a business license. Step 6: Get a business bank account and credit card. Step 7: Secure funding. Step 8: Hire any employees you may need.
Fundera
OCTOBER 17, 2019
FreshBooks vs. QuickBooks, Summarized. FreshBooks: With three plan options and a focus on time tracking and invoicing, FreshBooks is an accounting solution best suited for self-employed professionals like independent contractors and freelancers. QuickBooks Online: One of the most popular small business accounting platforms, QuickBooks Online is well-suited for a variety of business owners, especially those who need more advanced accounting tools for reconciliation, taxes, reporting, and inventor
Fundera
OCTOBER 8, 2019
How Do LLC Taxes Work? An LLC is typically treated as a pass-through entity for federal income tax purposes. This means that the LLC itself doesn’t pay taxes on business income. The members of the LLC pay taxes on their share of the LLC’s profits. State or local governments might levy additional LLC taxes. Members can choose for the LLC to be taxed as a corporation instead of a pass-through entity.
Fundera
OCTOBER 30, 2019
The Top Payment Processing Companies for Small Business. Veem. Authorize.Net. Stripe. PayPal. QuickBooks Payments. Square. Clover. Payment Depot. Payline Data. Fattmerchant. Whether you run a brick-and-mortar retail store or an online-based business, you’ll more than likely need to accept a variety of payment methods—including credit cards and digital payments.
Fundera
OCTOBER 24, 2019
Amazon Lending: An Overview. Amazon Lending is a program in which Amazon offers short-term business loans to qualified sellers so that they can finance additional inventory to sell through the Amazon marketplace. Amazon loans are invitation-only and amounts range from $1,000 to $750,000. Amazon Lending does not check credit. Between their online marketplace, streaming service, and grocery delivery platform, there isn’t much that ecommerce giant Amazon isn’t involved in—and that incl
Fundera
OCTOBER 14, 2019
The Best Employee Loan Policy. The best employee loan policy and checklist to follow is to find out your employee’s needs for borrowing, formalize your agreement to protect your business, have your employee sign a promissory note, keep pristine records of the agreement, and charge an interest rate of at least the Applicable Federal Rate if the loan is more than $10,000.
Fundera
OCTOBER 14, 2019
How Are Sole Proprietorships Taxed? Sole proprietorships are subject to pass-through taxation, meaning the business owner reports income or loss from their business on their personal tax return, but the business itself is not taxed separately. A sole proprietor will submit a Schedule C with their personal 1040 tax return on an annual basis. They will also be responsible for filing Schedule SE with these returns and paying self-employment taxes on a quarterly basis.
Fundera
OCTOBER 9, 2019
8 Steps to Opening a CrossFit Gym. Choose your gym name and business entity. Write a business plan. Get certified, pay CrossFit fees. Register your business, get an EIN. Get funding. Find a gym space and obtain permits. Get a business checking account, credit card. Get insurance. These days, more and more people are discovering that their favorite way to exercise involves rope climbing, weight lifting, ball dodging, and kettlebell swinging.
Fundera
OCTOBER 31, 2019
10 Best Credit Cards for Nonprofits. Chase Ink Business Cash. Capital One Spark Cash Select for Business. American Express Blue Cash Business. Bank of America Business Advantage Cash Rewards Mastercard. Capital One Spark Miles Select for Business. American Express Blue Business Plus. Chase Ink Business Preferred. Capital One Spark Classic for Business.
Fundera
OCTOBER 8, 2019
What Is IRS Form SS-4? Form SS-4, Application for Employer Identification Number, is the IRS form that businesses use to apply for an employer identification number (EIN). You may need to provide your business lender with your IRS Form SS-4 notice. That way, they can verify your EIN when they evaluate your business loan application. Note, when a lender asks for your IRS Form SS-4 they want the notice you receive after filing the form, not the form itself. .
Fundera
OCTOBER 23, 2019
Best Shipping Services for Small Businesses. United States Postal Service: Best for small businesses looking to ship smaller items. UPS: Best for shipping larger packages. FedEx: Best for businesses that need quick shipments. DHL: Best for small businesses looking to ship internationally. Most small businesses will need to ship their products at some point.
Fundera
OCTOBER 30, 2019
What Are SBA 504 Loans? SBA 504 loans, guaranteed by the U.S. Small Business Administration, provide long-term financing for the purchase of real estate, equipment, and other fixed assets. There are three parties to an SBA 504 loan—the borrower, the bank, and the SBA-approved certified development company (CDC). SBA 504 loans feature 10- to 25-year terms, low interest rates, and a 10% to 20% down payment.
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