Is Your Organization Financially Sound?

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If you are planning to start a business or nonprofit organization, one of the biggest challenges that you will face is securing funding.

There are many ways to get funding for your venture, and you can determine which funding option best meets your needs by doing some research.

Here is a look at some of the funding options that are available….

Loans

Getting a loan is the most common way of raising money for a new business.

One thing you can do to find a suitable loan opportunity is to contact the Small Business Administration (SBA).

There are a Read More…

Are You in the Business of Apps?

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In today’s business world, it is all but a necessity to be up to speed on the latest technology.

For many small business owners, the lack of time and effort when it comes to technology can ultimately lead to missed business and lost revenue.

So, which areas of technology should you be focused on moving forward in order to build your company?

Consumers Love Apps

Living in a fast-paced world means many consumers want their products and services yesterday and not today. In order to meet such demands, business owners must utilize the best technology available, allowing them to Read More…

Credit Reports Matter for Businesses and Consumers

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Whether you run a business or are just your everyday consumer, you more than likely know how important your credit history is, especially when it comes to meeting your financial needs.

For the small business owner, one’s credit score is very important in order to solidify yourself as being financially sound, most notably in the event you need to acquire a small business loan.

For the typical consumer, a solid credit score rings important when trying to get a new or used car loan, a loan to buy a home and much more.

With that in mind, do Read More…

Is Starting a Small Business a Health Insurance Headache?

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If you’ve been thinking about turning your hobby into a small business or even buying an existing business, you may be hesitant after you start looking into the health insurance aspects of hiring employees.

Thanks to Obamacare, more small businesses are now required to provide health insurance plans.

That’s all well and good for owners who have the resources necessary to fund such plans, but it bodes ominous for startups that are bootstrapping their business.

In fact, the sole requirement for a health plan can deter new businesses from starting up in the first place.

Don’t worry.

Starting Read More…

The Business of Preventing Fraud

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While both large and small businesses can fall victim to fraud, its small businesses that are at the highest risk, with a frequency around 31 percent, according to Association of Certified Financial Examiner’s (ACFE) 2012 Report to the Nations.

The report states that the most common types of fraud amongst small businesses are billing fraud, corruption, check tampering, skimming and expense reimbursement fraud.

Sadly enough, close to half of the fraudulent individuals had been with the company between one and five years.

Breakdown of fraud in the workplace: The ACFE found that of those that are guilty of fraud, Read More…

Budget Your Business Better in 2015

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Budgeting makes the world go around, especially if you’re a business owner.

With the New Year right off and running, there’s no better time than now to get your budget on the right track.

When it comes to better budgeting for your business, here are just a few ways you can improve your financial plan for 2015:

Make and Follow a Spreadsheet

If you don’t run the numbers as the come, it could spell trouble for your budgeting endeavors. Spreadsheets are a business’s best friend, so if you haven’t already, the New Year is the perfect time to create Read More…

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