Let’s say you've been an established company for a few years now; business is steady overall but sales are on a decline since it’s the off season. You panic because you need capital to pay your employees and replace that old piece of equipment you have...
As a responsible practitioner, your goal is to provide patients with the most comprehensive care available. This means taking steps to diagnose complicated medical problems, which isn't even possible without the proper equipment. Medical equipment leasing not only allows practices to provide clients with the diagnoses they...
According to Forbes, 70% of new businesses survive for at least two years, yet only a quarter of them last fifteen years or more. That’s an intimidating statistic! But don’t let it discourage you from starting your own business. Many of these companies take advantage of...
Are you a business seeking to purchase or lease new furniture, technologies, machinery, or other equipment? If so, there is an incentive for you under Section 179. The tax benefit under Section 179 allows immediate tax deductions for qualified purchases. Specifically, the Tax Cuts and Jobs Act of...
When choosing to finance your business using credit, you need to find the right type of loan that will help your business grow. Ease of access along with the terms and conditions of the loan are crucial factors to be considered before securing a loan. Bank loans have...
As many employers have discovered, an unproductive workforce can bring progress and revenue to a screeching halt. Your goal, as a business owner, is to ensure employees feel inspired, stay productive and drive the vision of your company. According to the Gallup report State of the American Workplace the nation...
Unforeseen circumstances such as sudden emergencies, problems with vendors, natural disasters, or working capital shortages can all cost a business money. When these types of obstacles occur (especially when you least expect it,) it can certainly throw you off a bit. When a project goes over budget, it's...
Starting a business requires both an entrepreneurial spirit and business capital to keep it going. How do you ensure that sales will increase month over month? What will it take to keep your employees happy? Will your marketing efforts pay off? Business capital is the financial resource...
Although the conventional formula for calculating working capital involves deducting liabilities from assets, it’s important to determine what your business needs compared to what you actually have. More often than not, additional cash flow is necessary for purchasing new equipment, upgrading existing equipment, meeting payroll, launching marketing campaigns and...
Overhead costs and unplanned expenses often give businesses hefty operating price tags. If you’re looking to reduce business expenses, there are many options to consider. Many of these costs are unavoidable if a given business's owners want the business to continue operating indefinitely. However, some of these...
