Category: Running a Business

How to Protect Your Business From Identity Theft

How to Protect Your Business From Identity Theft

Business identity theft is a growing concern for businesses of all sizes across the United States—the Better Business Bureau (BBB), Small Business Administration (SBA), and Internal Revenue Service (IRS) all agree. Identity theft against consumers is one of the most profitable crimes for thieves and it carries a lower risk for them to get caught, according to The U.S. Department of Justice. Yet businesses are becoming targets, too—because they typically carry much larger bank balances and larger credit lines, which… Read More
How to Find the Right Business Mentor

How to Find the Right Business Mentor

Whether you’re a new small business owner, an experienced entrepreneur at an important crossroads, or a CEO looking to take your company to the next level, finding the right mentor can mean the difference between failure and success. “Mentors played a crucial role in every stage of my development as an entrepreneur,” says Nav CEO Levi King. “I opened my first business thanks to the encouragement and support of a boss who saw my potential and urged me to take… Read More
How to Bridge the Accounts Receivable Gap

How to Bridge the Accounts Receivable Gap

Robert Herjavec of Shark Tank fame says that “cash is the lifeblood of your business.” If cash supplies the life flow to a business, then accounts receivable factoring can be a sort of paramedic that saves a business during times of “blood clot,” when there’s a cash flow crunch. Business owners can improve the financial health of their business by improving accounts receivable management.  Many businesses that sell to other businesses (B2B) offer credit terms. Trade credit, Net D, or… Read More
This Week in Business: Credit Games and Why The Olympics Needs a New Business Model

This Week in Business: Credit Games and Why The Olympics Needs a New Business Model

Each week, Nav brings you relevant small business news from across the web that we hope you find interesting! The Olympics Needs a New Business Model The opening ceremony is today, and so far the dominating story about the Olympics has been foucsed on Brazil’s state of economic crisis, as well as environmental and health concerns “ranging from the Zika virus to polluted competition waters.” Check out this Harvard Business Review interview with a founding member of the group that… Read More
This Week’s Happenings: Women vs. Men With Startup Funds, the Gig Economy’s Impact, and More

This Week’s Happenings: Women vs. Men With Startup Funds, the Gig Economy’s Impact, and More

Each week, Nav brings you relevant small business news from across the web that we hope you find interesting! Why Women Need Half as Much as Men to Start a Business A recent survey found that the typical woman reported she needed only $10,000 to start her business; half the amount men in the survey said they needed. Women are also nearly twice as likely as men to rely on family members to fund their new businesses, and young men… Read More
5 Classic Summer Blockbusters That Taught Us Awesome Lessons About Small Business

5 Classic Summer Blockbusters That Taught Us Awesome Lessons About Small Business

Summer isn’t just for beaches and barbecues; it’s also the perfect time to retool your small business strategies and improve as an entrepreneur. Let’s take a look at five classic summer blockbusters that taught us awesome lessons about small business. 'Jaws' and Reliable Advisors Police Chief Martin Brody of Amity Island finds himself in over his head when a 20-foot great white shark terrorizes his picturesque seaside village. He knows little about sharks, so he calls in the experts. Matt… Read More