A recent report published by McKinsey & Company estimates the global wellness industry at more than $1.5 trillion, with an annual growth rate of 5-10%. The report paints an optimistic picture for entrepreneurs looking to enter this space. But, as with many industries, small businesses should expect to be met with serious competition. Today, we …
Introduction Dean Karnazes is an ultra-marathon runner. He ran 350 continuous miles in just over 80 hours, won the 135-mile Badwater Ultramarathon in California’s Death Valley, and even completed 50 marathons, in 50 U.S. states, in 50 consecutive days. He is author of Ultra Marathon Man, A Runner’s High, and other books. We compiled here a selection of his …
Different credit report – same concept You know the importance of your personal credit score, but do you know that your business credit score is equally relevant to your business’s ability to conduct business with third-party organizations. To be sure, the personal and business credit scores are independent and have no impact on one another. …
Introduction No business, small or large, can exist without sales. Tom Hopkins is a legendary sales trainer and best-selling author who has coached over five million sales professionals. There is much to learn from him about sales performance. We compiled here a selection of his business quotes. We hope that you enjoy them. Quotes by …
A Core Financial Report The Balance Sheet is one of the three core financial statements of a small or medium-sized business, along with the Profit and Loss Statement and the Cash Flow statement. It reports a company’s assets, liabilities, and owners/shareholders’ equity at a point in time. A standard balance sheet is considered to have …
Today, an online internet presence is a must for small businesses, so we review the best website development platform for small business owners. Defining the key criteria for small businesses Let’s first define the criteria that we applied to identify our platform of choice: Ease of Use: The platform’s ease of use, even for a …
A Core Financial Report The Profit and Loss (P&L) statement is a financial report that summarizes the revenues, costs, and expenses incurred by a small business during a specified period. P&L statements are often referred to as Income Statements, Earning Statements, or Statements of Operations. These reports indicate how businesses convert revenues into Net Income …
Commercial insurance protects your small business from unforeseen events. Many firms have specific risks from which they need protection, but nearly all small businesses need protection from general liability, property damage, and income loss. If any adverse event negatively impacted your business assets, or if you were slapped with a lawsuit, and not covered by …
What Is a Small Business? Saturday, November 27, is Small Business Saturday, but what is a small business and how many of them are there in the United States? According to the US Small Business Administration Office of Advocacy’s 2021 Small Business Profile report, there are 32.5 million small businesses in the US. In this …
The Genesis This is our first post here. I wanted to take this opportunity to share why we chose to start this venture as a small business broker rather than as a direct lender, as we had the opportunity to do either. First, as a broker, we are able to provide our clients access to …
