Here’s How Non-Essential Businesses Can Adapt and Overcome During Coronavirus By Elena Stewart elenastewart.com As a non-essential business, your brand has likely struggled during the shutdown. But as states begin to reopen, you may be wondering how to ensure success as the economy—and state guidelines—continue to evolve. Here are 13 ways to adapt and overcome…
When you are considering funding options for your business, it’s important to weigh your options carefully. Perhaps one of the best loans you can get for any business is the SBAs’ 7(a) loan. Although the SBA offers other loan products the 7(a) Loan Program tends to be the most applicable to small business owners. Seventy-five…
Most creditors still rely on the PAYDEX for business underwriting, but the FICO® SBSS℠ score WILL be used for term loans, lines of credit, and commercial loans up to $350,000 from the Small Business Administration (SBA). The minimum score to pass the SBA’s pre-screen process is currently 140 out of 300. FICO Small Business Credit…
There is no such thing as too much marketing. And a business should not just stop marketing once they’ve “made it.” Think about it. Even well-established and well-branded companies continue to market their product, their brand to consumers. Coca-Cola. Walmart. Target. McDonald’s. Starbucks. These companies have continuous marketing campaigns running all the time. Which means…
The tax code is a living document, constantly changing, growing ever-more complicated. Take the new section 199A for example; this 20% pass-through deduction has had numerous changes since first being introduced by Congress and enshrined in the law as part of Tax Cuts and Jobs Act (TCJA) in 2017. I’m all for tax cuts－and this…
A penny saved is a penny earned, right? Actually, a penny saved is better than a penny earned for a number of reasons. Especially in the business world when you are taxed on your net profits. So unless your income is 100% passive, you are trading time for money. Time that you could trade for…