Category: Running a Business

Cash Flow Forecasting 101: A Survival Guide for New Small Businesses

Cash Flow Forecasting 101: A Survival Guide for New Small Businesses

As a small business owner, knowing how much money your business will bring in and spend during the next month, quarter, or year, can be key to making sure you have enough cash to keep your business going. That cash in/cash out formula is the essence of cash flow forecasting. But unless you have a strong background in finance, you may find the cash flow forecasting process daunting. It doesn’t have to be. Here we’ll share what cash flow forecasting… Read More
The Biden Plan to Cap Credit Card Late Fees and Does It Apply for Business Cards?

The Biden Plan to Cap Credit Card Late Fees and Does It Apply for Business Cards?

I was on vacation when I forgot to pay one of my credit cards. When I returned home a few days later I got a notice that my payment was late, and that my account was assessed a late fee.  I was annoyed at myself—and by the fee—but at least I could take comfort in knowing I’m not alone. The Consumer Financial Protection Bureau (CFPB) reports that American consumers are charged some $14 billion a year in late fees.  That… Read More
Hard Inquiries vs Hard Credit Checks vs Derogatory Marks: What You Should Know

Hard Inquiries vs Hard Credit Checks vs Derogatory Marks: What You Should Know

When it comes to understanding what affects your credit scores, the lingo can be confusing. What are hard inquiries vs hard credit checks? What about derogatory marks?  And how do any of these fit into the credit score equation? If you are thinking about applying for credit personally or for your small business, or if you’re trying to boost your credit scores so you can get better financing in the future, understanding these terms and what they mean for your… Read More
Your Top Questions About Nav Prime Answered

Your Top Questions About Nav Prime Answered

What is Nav Prime?  Why Was Nav Prime Created? Benefits of Nav Prime Does Nav Prime Help Me Build Business Credit and How? How Does Tradeline Reporting Work With Nav Prime? Why Is a Nav Checking Account Required to Use a Nav Prime Charge Card? How Are My Business Credit Scores Calculated? What Do I Do If I Have Trouble Connecting My Accounts? How to Get Started What Is Nav Prime? Nav Prime provides the only streamlined path to better… Read More
When to Use Business Credit Monitoring Services | A Guide for Small Businesses

When to Use Business Credit Monitoring Services | A Guide for Small Businesses

Highlights Strong personal credit and business credit helps businesses qualify for certain small business loans, insurance, and partnerships.  Monitoring business credit can help your business reduce the risk of the growing problems of fraud and ID theft. Consider business credit monitoring as soon as you start your business. Learn how business credit monitoring works, and pick the right service for your business.  “I pay my bills on time, so I don’t need to monitor my credit.” That comment came from… 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