Category: Growing a Business

SBA Working Capital Line of Credit: Everything Small Businesses Need to Know

SBA Working Capital Line of Credit: Everything Small Businesses Need to Know

Key takeaways: The SBA introduced a new working capital line of credit program in 2024. It offers up to $5 million in flexible working capital through revolving or non-revolving lines of credit. These loans are available to eligible businesses with at least 12 months business history. Find out whether this loan may be right for your business, and explore alternatives.  As a small business owner, having access to working capital can make the difference between taking advantage of opportunities, instead… Read More
Top Business Loans and Grants for Native American Entrepreneurs in 2024-2025

Top Business Loans and Grants for Native American Entrepreneurs in 2024-2025

There are about 49,000 American Indian and Alaska Native-owned small businesses in the US, according to US Census Bureau research. Indigenous entrepreneurs in the USA often face significant financial challenges, however: 56% of Native and Indigenous entrepreneurs cite financial issues such as raising capital or budgeting as their biggest challenge, according to a Breaking the Blueprint HubSpot blog survey. 16.3% of Native households don't use banks, due to high poverty rates, systemic racism, and lack of brick-and-mortar institutions on reservations,… Read More
D-U-N-S Number Lookup

D-U-N-S Number Lookup

If you run a small business, you’ve no doubt heard the expression: “Know your numbers”. While that advice often refers to numbers like sales or profit margins, there are other numbers you’ll need to know.  One is your company’s D-U-N-S® Number. Here’s what that number means, why it’s important, and how you can leverage it to help grow your business. What Is a D-U-N-S Number? A D-U-N-S Number is a unique nine-digit identifier for businesses, created by Dun & Bradstreet… Read More
Business Broker Fees: A Complete Guide for Small Business Owners

Business Broker Fees: A Complete Guide for Small Business Owners

Several years ago, my business partner and I decided it was time to sell a website we had worked on for a number of years. This was the first time either of us had sold a business, and weren’t sure where to start. Tapping our professional networks, I connected with J. Money, who had sold his own website and now helps other business owners do the same.  His fee—a 10% success fee of the sales price—was well worth it to… Read More
Get Your Business Ready for Black Friday 2024

Get Your Business Ready for Black Friday 2024

Black Friday is a big deal for small businesses, says Brittany Long, an email and marketing systems expert who is known as “The Queen of Evergreen”.  Last year, Black Friday promotions brought in more than six figures in revenue for her own business. And as someone who also teaches other business owners how to create effective email promotions (including Black Friday promotions) using AI tools, she’s seen her students get excellent results, too.  “Black Friday is a huge opportunity,” she… Read More
Do You Need a Business Coach or Mentor To Get to the Next Level?

Do You Need a Business Coach or Mentor To Get to the Next Level?

“Initially I never thought I wanted or needed a business coach,” says Barbie Clemons, a licensed massage therapist and Gentle Scar Therapy Specialist, who owns Calming Waters Massage in Yarmouth, MA. “My business was going ok, no issues or problems and I seemed happy with the way things were.”  But a chance email led her to eventually work with three business coaches, who have helped her breathe new life into her business. “My income from teaching clients has increased 40%”… Read More