Category: Running a Business

Types of Business Loans: Compare 6 Sources and 7 Funding Types

March 7, 2020 Ty Kiisel

Looking for funding to grow your business? You’re not alone. Last year, 65% of small business owners in the United States weren’t sure if they had enough money to operate their businesses. That’s why many small business owners pursue one or multiple sources of financing to start, expand, or sustain their companies. A 2018 survey showed the most popular sources of capital for small businesses were: Personal funds: 77% Bank loans: 34% Friends and family loans: 16% Other sources: 11% Donations or gifts from friends and… Read More

4 Ways to Scale Your SaaS Startup

March 6, 2020 Ty Kiisel

With so many software startups in the current landscape, it seems like only a special few find the right formula for scaling their early-stage successes. How do you replicate the early wins and repeat them on a large, long-term scale? You need a comprehensive plan for achieving sustainable growth if you want people to stay interested in your brand and continue buying your software service. Check your business credit to see what loans you qualify for *When you sign up for a… Read More

Coronavirus and Small Business

March 6, 2020 Ty Kiisel

The coronavirus and small business impact is on the horizon. The worldwide impact of the coronavirus, or Covid-19, is undeniable. Cases of infection have reached 95,748 this week along with 3,286 worldwide deaths attributed to the virus. Cases in the U.S. have grown to 128 confirmed cases with a number of deaths also attributed to the virus (11). So far, I think we’ve been pretty lucky. Wild swings in the stock market, along with companies like Amazon, Facebook, Google, and… Read More

A Small Business’ Guide to Handling Unpaid Invoices

March 3, 2020 Ashley Sweren

“The check’s in the mail.” This idiom is a pain point for many small businesses. Collecting on overdue invoices is a necessary slog that, unfortunately, most companies face at one time or another. Devoting resources to this work can be frustrating, as it takes time and focus away from serving other customers and improving core business competencies. But, businesses need money to survive, so entrepreneurs do what they need to make sure the cash continues flowing. Following are some ideas… Read More

Infographic: How Businesses can Build Trust With Employees

February 29, 2020 Ty Kiisel

What makes for a great employee? Every business wants people of high integrity who are driven, talented, dedicated, and creatively resourceful. But how can you attract and retain these employees? It has to start with a work environment built on trust. Businesses in which employees trust each other and their management is much more likely to have high revenue than businesses where trust is low. Let’s take a look at this well-done infographic to see how businesses can create cultures… Read More

ACH Payments, Debits, and Transfers: The Ultimate Guide to ACH Payment Processing

February 27, 2020 Ashley Sweren

No matter what we try to do to combat it, life seems to get busier and busier with each passing year. This is especially true for small business owners leading growing companies. Automating business processes can help simplify things immensely for overworked entrepreneurs. One of the easiest things a business can automate is the payment and billing process. Automated Clearing House (ACH) payments are a popular way to do this. What Is an ACH Payment? ACH payments are electronic payments… Read More