Your working capital ratio is a rough estimate of your company’s health, and it’s something you can affect in any number of different ways. In this article, we’ll look at some ways that you can improve your working capital ratio.
When Michele Jaffe and her husband Michael opened the Milagro Riding Club, the strength of their marriage was the last thing on their minds. While the stress of running a family business took a toll on the couple, Michele has gone on to be a successful business owner despite a difficult divorce. Read on to see how Milagro Riding Club has survived the dissolution of a partnership.
Congratulations to the winners of this year’s Opportunity Grant Program! Each one of the winning businesses will receive $10,000 in grant funding from Merchant Maverick to help cover current and future expenses. We wish every one of these women the best of luck going forward and strongly believe that they have what it takes to succeed long-term.
Grant writing is a year-long endeavor that can take up a lot of your time and resources, including the emotional labor of hoping and grieving as announcements are made and the cycle continues. Read on for our top tips on how to write a winning business grant application, and what not to do when you’re applying for a grant.
The SBA’s definition of regular working capital is that it’s the money used to handle everyday expenses, so it’s essential to any successful business. You must have enough capital on hand to run your daily operations, but you don’t want to leave money just lying around; it’s crucial to invest money back into growing your business, after all.
The Restaurant Revitalization Fund grant program isn’t open yet. It should be noted that, as of March 22, 2021, the similar SVO grant program still has yet to launch. Nor is there currently a formal data upon which either program will open. This will no doubt be frustrating for restaurants that are hanging on by a thread.
As Merchant Maverick’s latest report, the “Highest Paying Industries For Gig Economy Jobs In 2021” demonstrates clearly, most of the premium gig economy industries require a large initial outlay of resources, whether in the form of cash or time. Read on for a look at what it takes to break into and succeed at the best, most high-paying side hustles.
Chargebacks can potentially turn the convenience of card-based transactions into an expensive hassle. If chargebacks having been eating into your profits, you’ll want to find a cost-effective solution that’s suited to your transaction volume and budget. Luckily, solutions are available at scale.
In addition to these loans and grants, the government stimulus packages have also provided help through tax credits and deductions. These credits and deductions help cut tax liabilities and allow business owners to keep money in their businesses (and their pockets).
Catch up on the latest small business news, from a $50 billion government aid bill to how small businesses are making it through the pandemic.
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PPP & EIDL Are Not Your Only Options
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