Category: Growing a Business

Do Subscriptions Build Business Credit?

Do Subscriptions Build Business Credit?

Paying subscriptions can be one way to establish and build business credit. To achieve strong business credit, there are additional steps you’ll need to take.  In the world of personal credit, getting credit for monthly payments for subscriptions—like your cell phone bill or Netflix subscription—has recently become a popular and creative way to help build your personal credit scores with FICO and VantageScore. How does that work if you’re a business owner? Can subscriptions help build your business credit history?… Read More
Five Simple and Inexpensive Asset Protection Strategies

Five Simple and Inexpensive Asset Protection Strategies

Asset protection strategies are essential for safeguarding your wealth from unexpected events or liabilities. While some methods can be complex and expensive, there are five relatively simple and cost-effective techniques that can provide significant protection: umbrella insurance, life insurance, annuities, retirement accounts, and 529 accounts. Understanding these strategies and how they can benefit you will help secure a business owner’s hard earned assets and ensure the financial future for your loved ones. Please note:  The degree of asset protection provided… Read More
Calculating Annual Business Revenue 101: Why Is It Important?

Calculating Annual Business Revenue 101: Why Is It Important?

“How much money do you make?” That would be a rude question if asked by a stranger, or even a friend. But if you are a business owner seeking financing or money from investors, you’ll encounter that question all the time, and you better be prepared to answer it.  Understanding the meaning of annual revenue, how to calculate annual revenue, and then to be able to confidently share that number when required, can be key when growing a financially healthy… Read More
Enhance Your Small Business Finances With 5 of Nav Prime’s Key Features

Enhance Your Small Business Finances With 5 of Nav Prime’s Key Features

Managing financial goals is one of the many tasks business owners and entrepreneurs have on their plates on a daily basis. Nav Prime is a business bundle that helps you simplify your small business finances and build up credit to get better financing.  Nav Prime includes the Nav Prime Card, up to six detailed credit reports, and a business checking account. Brief Background on Nav Prime as a New Financial Solution Small business owners can think of Nav Prime as… Read More
Overwhelmed by Business Finances? 7 Surefire Ways to Manage Your Business Finances Better

Overwhelmed by Business Finances? 7 Surefire Ways to Manage Your Business Finances Better

Sales and marketing, marketing, market research, product development, and customer service. These are just some of the areas that entrepreneurs have to manage in their small business. It’s no wonder they often feel overwhelmed.  And then there’s the most critical task for small business owners: managing small business finances. Ultimately, a business owner must manage cash flow well, and make a profit to be successful. But unless they have a background in accounting or finance, managing money in the business… Read More
How Cash Flow Problems Start and How to Fix Them

How Cash Flow Problems Start and How to Fix Them

“It was a lot of things. Got too big too fast.” That’s Sydney in Episode 5 of the hit TV show, The Bear, talking to a coworker about why her catering business failed.  “Wasn’t exactly liquid enough for a brick and mortar. And so running it out of my garage was…stupid. My credit got destroyed.” Sydney goes on to describe how a botched job with an important customer sent her financially fragile business into a tailspin from which it never… Read More