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Women in Business Tip: How to Find Loan Programs in Your State
Finance, Home Page Blog, On Your Way
Women in Business Tip: How to Find Loan Programs in Your State
5 December 2013

Most small business owners know that banks aren’t the only source of small business financing for women-owned businesses. However, finding other financing sources for female business owners isn’t always easy. Sometimes the loans are created by local public-private partnerships; other times, business funding can come from grants set aside for women-owned businesses. Read more…

    Is Your Small Business Protected From Fraud?
    Finance, Home Page Blog, Management
    Is Your Small Business Protected From Fraud?
    25 November 2013

    Are you doing all you could be to protect your small business from fraud? According to a study by Bank of the West, while 95 percent of small businesses say they are taking steps to prevent fraud, many are falling short in key areas. For instance, Bank of the West fraud experts say employee fraud is one of the greatest risks facing small businesses, but fewer than one-third (32 percent) of small business owners have a business insurance policy that covers employee dishonesty or theft. Nearly half (49 percent) admit they don’t conduct regular checks of their business’s financial and inventory departments, and just 18 percent use two-person controls to prevent accounting fraud or embezzlement. Read more…

      Small Business Tip of the Day: Round It Up
      Finance, Getting Advanced, Home Page Blog
      Small Business Tip of the Day: Round It Up
      23 October 2013

      Do consumers prefer to pay in round numbers rather than the traditional method of pricing such as setting prices ending in . 95 or . 99? Research published in a recent ScienceDirect abstract show that consumers go out of their way to pay in round numbers at the gas pump, ending their gas fill-up at a round number (like 10.00) instead of letting it go to random cents (like 9.00) instead of letting it go to random cents (like 9.87). Read more…

        Small Business Tip of the Day: Is Crowdfunding For You?
        Finance, Getting Advanced, Home Page Blog
        Small Business Tip of the Day: Is Crowdfunding For You?
        21 October 2013

        While crowdfunding has gotten a lot of press in the past few years and crowdfunding success stories tell tales of easy startup money, according to small business insurance provider Hiscox’s latest report, the majority of business owners surveyed say they have not considered crowdfunding as a viable option—even though 95 percent of respondents ages 30 to 39 say getting funding for a new business isn’t easy. Given that they’re struggling for cash, why are small businesses not flocking to crowdfunding in droves? It could be the traditional industries of the businesses surveyed (one-third of the businesses provided business or professional services). Before you decide to try crowdfunding, read up about it on the SBA website and ask fellow business owners who’ve done it what their experience was like. Read more…

          Small Business Tip of the Day: The Short of It
          Finance, Getting Advanced, Home Page Blog
          Small Business Tip of the Day: The Short of It
          1 October 2013

          Want to attract more investors, generate more activity in trading your company’s stock, and perform better financially overall? Maybe the answer is as simple as shortening your company name. According to two university professors in their abstract “Company Name Fluency, Investor Recognition, and Firm Value,” companies with short, simple, easier-to-pronounce names get more attention than longer, harder-to-pronounce names. This was especially true when the companies in question were small businesses. Read more…

            Are You a Payment Dinosaur?
            Customer Service, Finance, Home Page Blog

            Is your small business turning away business without even realizing it? If you don’t provide a multitude of payment options, the answer might be “yes,” according to the Small Business Payments Survey, a new study conducted for WePay. The study investigated how business owners prefer to receive payment compared to how customers prefer to pay, and found a growing divide. While nearly three-fourths (72 percent) of small business owners would rather get payment by cash or check instead of by credit card, more than half (52 percent) of customers aged 18 to 34 say they never use checks as a form of payment. Read more…

              Web.com Small Business Tip of the Day: Buddy, Can You Spare a Few Thousand?
              Entrepreneurship, Finance, Home Page Blog

              Every small business goes through a period where it can use a short-term loan for equipment, a new client or cyclical working capital needs. The SBA’s CAPLines loan program can provide financing for any dollar amount that does not exceed SBA’s limit. Some of the programs available are the Seasonal Line, for seasonal sales fluctuations; Contract Line, for labor and material costs for specific contracts; and Builders Line, for contractors to finance direct labor and material costs (the building project serves as the collateral). Read more…

                Can Work at Home Parents Retire?
                Business, Finance, Women In Business
                Can Work at Home Parents Retire?
                28 May 2013

                Being an entrepreneur often puts us in situations where we have to set up safety nets for ourselves that our corporate colleagues take for granted. Retirement is one of those areas, though in fairness, a surprisingly high number of business people neglect to prepare for the time when they’ll no longer be working, be they executives or small business owners. David Lerner Associates has released a guide that outlines the steps for stay-at-home mothers to establish a retirement plan that can easily be applied to work from home moms and dads alike. Read more…

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