Is your small business starting to look more like a medium-sized one? If so, it’s probably time to think about expanding. The question most owners face when this important time arrives is where do you get the capital to grow the organization?
Fortunately, there are numerous ways to go, but it helps to be creative when traditional resources like bank loans are not an option. For so many owners, the answer includes one or more unorthodox strategies, like turning accounts receivable into ready cash, selling a life insurance policy via a life settlement, forming partnerships with other companies, applying for Small Business Administration micro-loans, or going public.…
Continue reading
Expenses can be a burden for any particular company. This is something that a business owner cannot avoid. Of course, the prerequisite for a business to operate is start up capital. You can’t manage and operate a business from an empty pocket. You need to shell out money in order to start your business operation.
The U.S. economy’s worst recession in the post-war era has begun to turn for the better. Yet, despite the fact that the doom and gloom of the past 20-plus months may be behind us, entrepreneurs seeking to buy businesses still find it difficult to get banks to finance their purchases.
