SCORE’s two latest infographics focus on financing challenges and mentorship’s impact on women entrepreneurs. They highlight the second and third parts of “The Megaphone of Main Street: Women’s Entrepreneurship.”
Securing a credit card for your business can be a great way to build up your credit score. Being a responsible card user can open up other financing opportunities for you down the road. Let’s look at the six biggest mistakes business owners make with their credit cards, and how you can avoid them.
Female small business owners seeking contracts with corporate or government clients face a lot of competition. One way to get an edge is to get your company certified as a woman-owned business. Read what certification can do for your small business.
Startup businesses that took on debt are more likely to succeed (as long as they use business debt as opposed to taking on personal debt). They’re also more likely to achieve higher revenues. On the flip side, the study found, taking on personal debt to start a business is something to be cautious of.
Doing some pre-startup homework and crafting a business plan now will make your life post-startup so much easier. The real reasons to write a business plan have nothing to do with other people: They have to do with you.
Let’s take a look at 4 top situations when your personal and business finances should be handled differently.
There are many different sources of funding available these days; for established business owners with solid credit, a term loan is often one of the best options. Whatever your reason for needing working capital, long-term financing is likely a good solution.