Lack of funds is the number one reason why many small businesses fail. Many entrepreneurs fail to plan properly, expand too soon or spend unwisely.
If you want to borrow money without you needing to guarantee the loans personally, you need to build your business credit. It is important that you are taking steps to build your business credit profile.
Many small businesses fold up due to poor financial management: inadequate working capital and poor cash flow. Here are 10 ways to improve the cashflow of your small business.
As a business owner, it is critical to determine and understand what’s wrong and what’s not working with your business. Understand your financials to help you zero in on the problems in order to provide a workable solution, tough as it may be.