For as much as you focus on increasing revenue to maximize your profits, you should put an equal amount of attention on reducing your operating costs. Unchecked overhead can quickly add up and undermine the sales you’ve worked hard to make. Take time to evaluate your business costs, particularly in these areas, to determine how you can reduce them.
If you hope to secure loans for your business and build a trustworthy reputation, it’s wise to establish business credit history separately from your personal credit. One of the most important steps you can take toward this is opening a business credit file.
Topics: Business Banking
There are a lot of things to consider when you open a small business. One of the essential tools you’ll need is a way to accept payment. If you’re not ready to purchase or lease a whole register system, consider mobile credit card payment processing from one of these vendors.SquareProbably one of the most well-known names in mobile credit card...
Topics: Business Banking, Small Business
Buying a franchise is an attractive business option for entrepreneurs seeking to capitalize on an existing brand. But if you’re thinking about becoming a franchisee, you need to prepare yourself — it won’t be as easy as simply finding a well-liked brand and putting down some cash.Your personality mattersBefore you buy a franchise, you should ask...
Topics: Business Banking