One of the most common requests I get is to help people access “free money” to help them start their business. Regretfully, my response is there is little, if any, free money available. Instead business owners need to depend on their own personal funds, family and friends, or good bootstrapping. At some point though, most […]
Finding Your Startup Funding
Starting a business means a need for money to help pay for a variety of things from registration fees to getting the store ready for customers to buying initial inventory. Potential business owners often struggle to find those first dollars. Asking for help to find grants, or ‘free money,’ is a common request. While there […]
Profitability Just One Factor in Business Continuity
For a business to exist for the long term, it must make money. Yet other values also can influence whether a business stays in business. It is surprising by the number of business owners who never have taken the time to determine if they are profitable at a basic level. There is money in the […]
Square changes the way Small does Business
Small businesses used to have a hard time getting approved to accept credit cards. Getting set up for a merchant account involved passing a credit check, agreeing to a long-term contract, paying monthly fees even if you didn’t accept any payments, and acquiring specialized equipment often with another monthly payment. Square and its competitors […]
