small business

A collection of 254 posts

debt Featured

How to Eliminate Personal Debt in 4 Simple Steps

Personal debt is something that can affect everyone's access to capital, even businesses owners. Here are four steps you can take to pay off debt and help out your credit score.

small business Featured

The Top 6 Advantages of Forming an LLC

While sole proprietorships, corporations, and partnerships all have their advantages and disadvantages, LLCs have a distinct set of benefits. Here are the top six advantages of forming an LLC.

small business Featured

Cash Flow vs. Profit: How They’re Different and Why It Matters

Understanding the difference between cash flow and profit is critical for your short-term and long-term success. In this article, we'll break down both terms and why they are both important.

small business Featured

What Type of Business Entity Should You Start?

Are you looking to start a business but aren't sure the best legal structure to choose? According to the SBA, there are currently over 33 million small businesses in the US and there were over 5 million new business applications in 2021 — the most at any point in

1099 Featured

W2 Employee vs 1099: Which is Better For Your Business?

Should you hire a W2 employee or a 1099 contractor? In this article, we will break down the pros and cons of W2s and 1099s, the main differences, and which one could be better for you.

salary Featured

Owner's Draw vs. Salary

There are two main ways you can pay yourself as an owner: an owner's draw and taking a salary. In this article, we discuss the differences between these two methods so you can make an informed choice.

small business Featured

Self-Employed vs. Small Business Owner: Why the Difference Matters

The differences between the self-employed and small business owners may appear subtle, but they can impact your expenses, liability, and taxes. Read here to find out more.

small business Featured

What’s the Difference Between an LLC, a Corporation, and a partnership?

If you are new to small business, it’s important to understand how an LLC, a Corporation, and a Partnership differ, so you can structure your business to fit your needs and future goals.

small business Featured

How To Change From A Sole Proprietorship To An LLC In 7 Steps

Forming an LLC offers many benefits that a Sole Proprietorship does not, such as legal protection. Here are seven steps to switch from a sole prop to an LLC.

net-30 Featured

How to Increase Business Cash Flow With A Net-30 Account

Having a net-30 account can be practical in many ways. Here we will explain what a net-30 account is, why it is useful, where to find vendors, and how to get started.

COGS Featured

How To Calculate Your Cost of Goods Sold (COGS)

Businesses that sell products need to know how to calculate their cost of goods sold (COGS) for many reasons. Here, we discuss what the COGS is, why it's important, and how to calculate it.

lines of credit Featured

Is a Business Loan or Line of Credit Better For My Business?

Trying to decide between a business loan or a line of credit? This guide breaks down the key differences, pros and cons, and how to choose the right option based on your business goals and cash flow needs.

small business Featured

How To Effectively Apply For Small Business Grants

Finding and winning business grants can be even more difficult if your application doesn't stand out. Here's how to effectively apply for small business grants.

business credit Featured

How Businesses Can Establish Credit In 7 Simple Steps

One factor that can greatly influence your business's access to funding is your business credit. Here are seven simple steps to establish a credit history for your startup.

small business Featured

3 Reasons Why Your Business Needs A DUNS Number

Learn what a D-U-N-S number is, why it's relevant, and how getting one can improve your business credit profile and credibility.

credit scores Featured

5 Ways To Instantly Improve Your Credit Score

If you need to improve your credit, either for personal or business reasons, here are five ways to do it.

small business Featured

How to Start a Business: Your Step-by-Step Guide

In 2021 the United States saw a phenomenal growth in small business creation — many minority and women-owned, surpassing the 2020 record by a million.

small business Featured

How Much Does it Cost to Start an LLC?

No matter which state you form your LLC, you are required to pay a series of filing fees. Here's how to budget the costs.

small business Featured

6 Steps to Qualify for a Business Loan

Loan requirements may differ by industry, lender, or even from state to state, so we’ve simplified the process with these six steps for getting your loan requirements in order.

grants

Are Grants Taxable?

Grants provide important capital for small businesses, and unlike loans, you don’t have to worry about paying them back later. However, if you received a grant recently or are considering applying for one, you might be wondering: Are grants taxable? Here’s what you need to know.

small business Featured

Why Small Business Owners Should Look at CDFIs

Securing financing as a small business can be challenging. Community Development Financial Institutions, or CDFIs, offer impactful support and low-interest financing for small business owners.

minority-owned business certification Featured

How to Become a Certified Minority-Owned Business

Each year, the federal government and U.S. corporations set aside a percentage of their annual contract budgets exclusively for minority-owned businesses, and exclusive access to lucrative contracts.

minority-owned business grants Featured

Top Minority-Owned Business Grants for 2022

Designed to level the playing field for for economic opportunity, if you’re a minority-owned businesses, check out these 12 grants for you.

small business Featured

SBA Microloans: How to Qualify and Apply

If you’re a small business, either just starting out, or an established enterprise in need of additional working capital — up to $50K — the Small Business Administration’s (SBA) Microloan program was designed for you.

small business Featured

How To Write A Convincing Business Plan When Seeking Funding

Having an updated business plan is essential when you're seeking funding for your business. Here's how to write a convincing business plan for any funding situation.