Statistics show that in five years, half of the small businesses started today will no longer exist. That’s only a 50% survival rate in the first five years. But whether these businesses succeed or not relies on much more than the flip of a coin. If you’re starting a...
Any small business owner knows that it’s not always easy to get funding, especially when it comes to taking out a loan. Although small businesses vastly outnumber their big business counterparts when it comes to the national economy, they often struggle more. Due to...
Every business owner should have a good grasp of working capital, both in concept and practice. In broad strokes, having too little working capital can doom a business to failure but having too much isn’t great either. An overabundance of working capital means you’re...
Whether you’re ready or not, 2023 is here. With it comes new economic challenges both on the global front as well as domestically. Many of the trends we saw in 2022 will continue as many people hunker down for a recession. We’ll see significant changes in consumer...
As many financial experts warn business owners to prepare for the possibility of a recession, loan brokers are looking for ways to help their clients grow and thrive. While not every business owner can launch or acquire a new business, these industries can spark ideas...
With 2022 quickly departing, it’s time to look ahead to what 2023 has in store. After the shock of the past few years, the economy is off to a shaky recovery with some predicting a looming recession. Global economic conditions are still somewhat uncertain as Russia’s...
