Small Business

Regularly reviewing your financial statements is essential to the health of your business. Doing so can help you identify trends that could signify problems in your business so you can address them before they become insurmountable. Beyond identifying problems, though, regular financial statement analysis also helps you identify opportunities for growth and profitability improvements. Common… […]

When you have debts, it’s wise to be able to quickly and easily put your hands on the details of that debt. Especially since most debts require a periodic payment and interest is accruing. A business debt schedule, much like it sounds, is a list of all the debts your business currently owes. This can…

Of the many forms you can expect to complete when applying for an SBA loan, SBA Form 413—also referred to as the “SBA personal financial statement”—is one of the most essential. This form factors into how the SBA determines your ability to repay an additional debt and, by extension, your eligibility for an SBA loan. Although at first…

Starting an insurance agency is a lot like starting any business. You’ll need to choose a business structure, register and license your business, get insurance and more. But you’ll also need to become a licensed insurance agent and learn how to navigate a highly regulated field. Here’s how to get started. 1. Become a licensed…

Stripe and Shopify are both popular tools for online businesses, but the products are inherently different. Stripe is a payment service provider that allows small businesses to accept and process payments online. Shopify, on the other hand, is first and foremost an e-commerce platform. Shopify gives you the ability to create, customize and manage an…

Leaders Merchant Services’ reputation precedes it, and it’s not a good one. Customer complaints and negative reviews cite deceptive sales tactics, surprise fees and customer accounts being closed without warning. Business owners should proceed with caution and consider alternative merchant service providers before signing a contract with LMS. What is Leaders Merchant Services? Leaders Merchant…

Structuring your business as an LLC might protect your personal finances in case of a lawsuit, but you’ll still need general liability insurance and other commercial policies to protect your business assets. The best business insurance providers for LLCs offer convenient packages and great customer service, whether you prefer an online or face-to-face experience. Do…