Bad credit is one of the main reasons for bank loan denial. A credit score lower than 580 will most likely ruin your chances for a business loan. Multiple credit checks also lessens your chances for approval. And of course, a recent file for bankruptcy will ensure denial on your request.
Fortunately, there is no reason for despair if you belong to this group of people. There are now available alternatives for getting Continue Reading
There are many different ways to work out the value of a business. For the small to mid-size business, there are 3 main approaches that are used more than others. These are the Income value, Market value and the Asset value.
In brief, these would be described as follows:
Valuation based on income: One is looking at the potential earning power of the business into the future. Past earnings, exp Continue Reading
Sooner or later you are going to exit your business. The question isn’t whether or not you will be ready. The sixty four thousand dollar question is whether or not your business will be ready.
It is estimated that seven out of ten privately held businesses have no succession plan to transfer the business to the next generation of owners. What does that mean to you? It means that if you do not currently have a plan Continue Reading
An introduction to small business CRM.
Small business may struggle more than larger businesses with keeping their profit and sales moving quickly and small business CRM may be able to improve the way a small business works. Small business CRM can help a small business with a variety of things such as keeping track of customer information. Small business CRM can also be used to help produce quality leads for the Continue Reading
Getting out of business is a process. The length of time required to complete the process is directly related to the complexity of the business, and the circumstances underlying the decision to get ou Continue Reading
