The need for financing is a critical and perennial concern for the owners of small businesses. Indeed, few things are as crucial to the health of a small business operation. Many small businesses are launched by the personal resources of their owners. But they can quickly reach the stage where the owner must look to the credit market for financial [...]

While there are numerous financing choices for small and medium-sized owner managed business, ranging from asset based financing to factoring, most company owners are going to see their local banks first. The secret to dealing successfully with banks is to understand their thinking. Busi- ness owners and bankers are natural opponents. They are at opposite ends of the risk – [...]

Finding financing to start and expand a company is an age-old problem, and most entrepreneurs find it to be one of the greatest struggles they face. While the process can be time consuming, frustrating and intimidating, if you are informed and well prepared, your chances of securing the needed capital are greatly increased.

Have you ever had a big project you needed to start, but didn’t know what to do first? Perhaps it is something which required a lot of labor, like landscaping your yard or remodeling your house. When you undertake a project of this magnitude, it’s not uncommon to feel overwhelmed and discouraged by the amount of work which needs to [...]

The success rate for franchise-owned businesses is very high. According to studies conducted by the U.S. Department of Commerce from 1971 to 1987, less than 5 percent of franchised businesses failed or were discontinued in each of those years. However, success is not guaranteed.

Home-based entrepreneurs in need of business capital have many different, often unconventional, ways to raise money. After reading this article, there will be no room for doubt in the mind of even the most ambitious pessimist about raising business capital. Any business owner can raise money if he or she is willing to put in the effort. Here we introduce [...]

Processing credit cards through the internet is gaining popularity due to the ease with which it can be used, its speed, security and cost effectiveness. For individuals who have online stores, payment with credit cards provides customers the choice to buy goods from a site by just clicking the mouse at any time.

Expected Cash Receipts: 1. Cash sales 2. Collections on accounts receivable 3. Other income 4. Total cash receipts   Expected Cash Payments: 5. Raw materials 6. Payroll 7. Other factory expenses (including maintenance) 8. Advertising 9. Selling expense 10. Administrative expense (including salary of owner-manager) 11. New plant and equipment 12. Other payments (taxes, including estimated income tax; repayment of [...]