Library - Business Development

Wouldn’t it be nice to hold onto the money you work hard to make? Then, as a small business owner, you need to be able to determine when operating costs are too high.

One of the most understood items in our modern economics system is the introduction virtual currencies, such as cryptocurrencies. There are dozens of them now, but probably the best know is called Bitcoin.

While some seasonal businesses hit primetime during the summer, many others see a major slowdown as clients and customers go on vacation (and as new projects are postponed until after said vacationing.) Never fear - here are a few steps your business can take to make the most of the summer months.

Every successful business in its early stages of development needs to create a sound, air-tight business plan.  This is important to define your strategy, detail deliverables for stakeholders and develop cashflow forecasts for investors.

Before you can do that critical step, you need to be able to first crystalize the idea behind the business.  You need a Business Concept Statement - a simple one- or two-page document that summarizes your voluminous business plan.

Small businesses have more choices and options for loans and financing than ever. And the good news is you have access to a wide range of resources at your fingertips — all through the Internet.

Online lending marketplaces and alternative funding sources make getting financing so much easier today than a decade ago.

This article covers some of the common financing and loan options existing today and where to find them online. Much of your research can be done online, and you can even apply directly online for a loan or funds in many instances.

Having strong business credit scores and ratings are key to getting approved for trade credit and financing for your company. In the same way that personal credit scores serves as a financial report card, your business credit scores grade the creditworthiness of your business.

A statistically derived algorithm designed to determine risk based on multiple factors calculates your scores. Although each business credit-reporting agency utilizes its own scoring model there are several common factors that are used to calculate your business credit scores.

Every year, during the month of November, the nation and U.S. government recognize and celebrate the National Veterans Small Business Week. And rightly so - one out of every 10 small businesses in American is started by a vet. These companies employ nearly 6 million workers and generate more than $1.2 trillion in revenues. Moreover, statistics show that the success rate of these veteran-owned businesses is higher than other startups - perhaps a reflection of the discipline, skills and leadership experience acquired in military service.

The length of time that you should keep a document depends on the action, expense, or event which the document records.  Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out.