Small Business Blog Posts | Page 12

There are five main types of franchising relationships, each of which represents a different segment of a franchised company’s supply chain. Depending on factors such as the level of control you want over your business, your business experience/skill-set, and the amount of capital you can access, you might decide to open a business format franchise, product franchise, or a manufacturing franchise.

Franchises are a tried-and-true way to start a business, but they can cost a lot of money up-front. Want to buy a franchise, but can’t afford the startup costs? Learn about your best option for starting a franchise with no money right here.

Not accepting credit cards simplies some aspects of running a business, but can a cash-only business really succeed? And how does it affect your overall business? Take a closer look at what going cash-only really means for you.

When you are looking for your very own side hustle, there are a couple of things you want to consider. Can it actually be a side hustle or is it enough work to be considered a full-time position? Do you have the time and energy to add it to your already busy schedule? Is it something you are passionate enough about (or that makes enough money) that you won’t get burnt out too quickly?

Your side hustle may not be your primary focus. After all, you’ve still got bills to pay and health coverage to maintain, so you don’t want to endanger your day job in the pursuit of a dream. Nonetheless, the same elements that translate to a greater likelihood of business success apply regardless of whether your business is your part-time or full-time endeavor.

Understand what a business line of credit is, how it works, and how it could solve your cash flow problems. Find out how to get one for your small business.

In this post, we’re going to explain your business credit score and whether or not it is important (spoiler alert: it is). We’ll also look at the different types of business credit scores, how they’re calculated, and how you can access yours.

Personal guarantees are often required for loans, credit cards, and other types of business financing. Learn about the different types of personal guarantees you might come across, and how to avoid the bad ones, when you’re looking for business funding.

From a merchant’s standpoint, the difference between a credit and a debit card matters less than it does to the consumer, but the difference is still detectable because the transactions carry different costs. In fact, because a PIN pad is needed to initiate true debit charges, a merchant must buy a point of sale terminal with a PIN pad before true debit charges can be processed. For larger ticket items, a true debit charge can cost the merchant less to process than a credit charge or a credit path debit charge.

When your small business needs additional capital, it’s not uncommon to turn to a lender to quickly get the funding you need to operate or expand your business. Fortunately, there are many funding options available to small businesses, from low-interest Small Business Administration loans to lines of credit. For small business owners that want a […]