Blog Category: Business Management
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What Is Credit Card Processing? A Comprehensive Guide for Business Owners
From a customer’s standpoint, there is nothing easier than swiping their card at a point of sale (POS), and they’re ready to move on with their lives. On the other hand, businesses know that it’s not quite as simple as it seems. Whenever a credit card is accepted in person, over the phone, online, or […]
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What Is Capital Equipment? Everything You Need to Know
You’ve probably heard the term “capital equipment” before, and there’s a reason why. In the U.S., billions of dollars are spent on capital equipment, and spending has increased by over 20% in the last decade. It is often thought of as assets that help generate income. They’re usually costly and have specific requirements. But what […]
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Put Your Business on Top With These 5 Key Success Factors
As you strive to grow your business and build your bottom line, are you rushing full-steam ahead? Have you thought about the key success factors which will help your business grow? If so, it’s easy to lose sight of the path around and in front of you. Keeping this lightning-fast pace doesn’t only lead to […]
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What is a UCC Filing (and How Does it Affect Your Business)
The financial agreements you enter into as a business owner are some of the most important decisions you’ll make. Most businesses borrow money or open lines of credit at some point during the life of their business and these are typically secured by a UCC filing. Business owners should have a basic understanding of UCC […]
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What is Request for Proposal (RFP)? A Definitive Guide
Need certain business services, but don’t know where to turn? In many cases, all you have to do is ask! A Request for Proposal, or RFP, is an official request to acquire products or services that your company requires for a specific project. Interested in getting the best value for your organization? Want access to skilled, […]
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A Step By Step Outline On How to Write a Business Plan
Learning how to write a business plan is one of the most important steps to take when starting a new business. According to research, creating a business plan can increase your chances of starting your business by 152%. What’s more, published studies also show that planning can cause companies to grow up to 30% faster. […]
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Bankruptcy Foundations: Chapter 11
We are living in unprecedented times as the COVID-19 virus takes hold of the world. As businesses big and small are forced to close, business owners are in desperate need of a solution. For many business owners affected by this pandemic, filing for bankruptcy seems like the only option. If you’re a business owner struggling […]
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Writing a Business Plan and 10 Tips for Small Business Owners
You can’t enjoy an epic vacation without a map, and you can’t build your dream house without blueprints. You also cannot start a successful business without writing a business plan. Before something spectacular arises, there has to be a dedicated plan in place first. This way, you know what to expect and can anticipate any issues before […]
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Bankruptcy Foundations: Chapter 13 vs Chapter 11
When you founded your business and started asking big questions about how to help your business succeed, chances are you didn’t ask about how to file for Chapter 11 or Chapter 13 bankruptcy. After all, no young business wants to think about the prospect of failure. But sometimes, when the going gets rough, it’s helpful […]
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Should You Trust Online Business Lenders?
How many times have you thought about searching for business lenders and applying for a business loan online? If you’re like most people, then it must be countless times. The online lending industry has grown massively in the last few years, and it has changed the way businesses seek funding. Of course, as a business […]
