Category: Running a Business

Do I Need a Small Business Coach?

March 30, 2023 Tiffany Verbeck

Many small business owners didn’t study finance or management before launching their own businesses — and it can be a struggle to piece together all the information and tools needed to create a successful business. Luckily, you can hire a small business coach for help with business guidance and direction. Learn what a small business coach is, whether it’s the right step for you, and how to find the best business coach in this Nav article. What Is a Small… Read More

What a Bank Collapse Means for Small Business Owners

March 14, 2023 Tiffany Verbeck

The collapse of Silicon Valley Bank (SVB) has left many small business owners wondering what’s next. Although most of the conversation about SVB centers on tech startups, the bank had small business clients as well. Learn what a bank failure could mean for small businesses and how to protect yourself going forward in this guide from Nav. What Is a Bank Collapse? A bank fails when it can’t meet its financial obligations to its depositors and other customers — or,… Read More

The Ultimate Guide to Understanding Business Models 2023

March 9, 2023 Tiffany Verbeck

The term “business model” has only been around since the 1990s, so there’s still some confusion about exactly what it means. In short, a business model defines your business’s plan to make money. You can also use business models to your business’s advantage if you know how they work. In this article, learn what business models are, why they matter for your business, the most common types of business models, and how to choose the right business model for your… Read More

The Ultimate Small Business Guide to Financial Health

February 27, 2023 Gerri Detweiler

When you feel healthy, you feel good. The same is true of small businesses; being financially healthy allows your business to operate more smoothly and focus on growth, instead of constantly playing catch up. Here’s how entrepreneurs can understand and create good financial health. Importance Of Financial Health When asked how business is going, a business owner I know often replies, “I’m still paying taxes.” But it’s not enough to just be able to pay taxes, make payroll, or even… Read More

The Favorite Point of Sale Systems for Food Trucks

February 17, 2023 Tiffany Verbeck

Running a food truck business requires you to find the best point of sale (POS) system for food trucks. A good POS system lets you streamline your orders, take many kinds of payments, and make the customer experience smooth and simple. Learn which POS systems are best for food truck businesses in this article from Nav’s experts. What Is POS Software for Food Trucks? A food truck point of sale (or POS) allows food truck businesses to manage orders and… Read More

The Financing Options to Fund Your Small Business Marketing