Category: Growing a Business

Calculating the Break-Even Analysis for Your Business

Calculating the Break-Even Analysis for Your Business

A break-even analysis is a financial analysis tool that can help business owners in important decision-making, such as at what point a new business or new product will be profitable. Knowing the break-even point (BEP) for your business can also help you find investors.  It’s not difficult to calculate a break-even point for a small business, but you do have to know some key variables in terms of revenue and costs. Learn more about a business break-even analysis and how… Read More
What the Housing Market Tells Us About Small Business Today 

What the Housing Market Tells Us About Small Business Today 

The U.S. housing market has been in the news a lot recently, as home sales and prices have started to decline after a boom through the Covid-19 pandemic. In an attempt to slow inflation, the U.S. Federal Reserve (or the Fed) has increased interest rates, which directly affects home prices and affordability — higher interest rates mean more expensive mortgages, which can be a deterrent for home buyers. Homeowners may see their home values decline as there are more houses… Read More
Loan Options for Dental Office Expansion

Loan Options for Dental Office Expansion

If you’re looking to expand your dental practice by increasing your office space, adding a new location, renovating your existing dental office, or buying another dentist’s practice, you may want to consider a dental office loan. A dental office expansion can be a good way to increase your business and your brand, but it can cost money you may not have, especially if your dental practice is new. Read on to find out more about dental office financing options for… Read More
Amazon vs Etsy: What is Your Best Option as a Handmade Seller

Amazon vs Etsy: What is Your Best Option as a Handmade Seller

If you want to get the items you create to a wider audience, but you don’t want the hassle of creating and maintaining your own online store, you may want to list them on the two biggest ecommerce platforms or artisans and markers: Amazon Handmade and Etsy.  Which one is best for selling homemade items? How much do they cost? And what are the benefits or drawbacks of each? Here we compare Etsy vs Amazon so you can decide which… Read More
Retail Options for Working Capital Loans

Retail Options for Working Capital Loans

Running a retail business can be deeply rewarding. Nevertheless, as with any small business, it can also be challenging. Retail businesses may be more impacted by macroeconomic events than many other sectors, and owners must always be prepared for unexpected events that alter daily operations. The good news is that when times are tough, there are tools that can help make managing business needs easier. One good resource is a working capital loan. Let’s explore how working capital loans can… Read More
How to Survive (& Thrive) as a Restaurant with 2022’s Rapid Inflation

How to Survive (& Thrive) as a Restaurant with 2022’s Rapid Inflation

As the Federal Reserve continues to raise interest rates, restaurant owners have a right to be worried. There are still sectors of the food service economy that have yet to fully recover from the COVID-19 crisis, and now the threat of a recession is on our collective doorsteps.  Nevertheless, while an economic downturn may be inevitable, restaurant owners are not helpless. Let’s explore some actionable ideas you can use to minimize potential disruptions on your business.  How Inflation is Impacting… Read More