Category: Starting a Business

Why Optimists Make More Money Than Pessimists

What qualities come to mind when you think of those who build great amounts of wealth? Disciplined, hard-working, smart—perhaps even a bit ruthless? You may be surprised to learn that there is another trait that may help you build wealth: optimism. Tom Corley devoted several years to studying the habits of the rich versus the poor, which he has shared in his best-selling book Rich Habits: The Daily Habits of Successful Individuals. Among the many habits he studied, he found… Read More

9 Time Management Tips for New Small Business Owners

Running a business is time-consuming work, and as a new business owner, time is exceedingly hard to come by. Though you may not be able to add an extra hour (or minute, for that matter) to your day, there are ways you can capitalize on, and make the most of, the time you do have. By following the nine time management tips below, you’ll be able to take charge of your day and manage your time in a way that improves… Read More

7 Ways to Maximize Your Sales at Farmers Markets

A farmers market is a great place to show off and sell your produce, baked goods, and other local items. As of 2014, there were more than 8,200 farmers markets around the country, reaching over $1 billion in sales. If you want your slice of that big pie, you may want to add your local farmers market to your sales strategy. Success at a farmers market takes more than just showing up, however. You need to position your brand and… Read More

How to Start a Business When You Have Student Loan Debt

Starting a business can be an expensive adventure. Your savings may disappear, and you may be looking for small business loans or lines of credit to keep your dream alive. But in order to start a business with student loan debt, you have to take other considerations into account, too. For many recent or not-so-recent college graduates, student loan debt can make plans to start a business seem impossible. As of 2021, 43 million borrowers had about $1.748 trillion (yes,… Read More

How to Get a $20k to $50k Business Loan

Here's one of the most common questions we get from business owners: "I have been working in my industry for a long time. I have this great idea and I am ready to strike out on my own. I need $50,000 to start up my business. Where can I get a small business loan?" Before the business is established, it's unlikely for you to get a $50,000 loan from a bank or even from non-bank lenders like LendingClub or FundingCircle. However, if… Read More

Do You Need a Business License? A Quick Guide

Opening a business is a process that comes adorned with a variety of requirements and to-dos. While many of them are seemingly obvious (i.e., financing your business), some are easily overlooked. To stay up to date on your business credit information, one of these oft-overlooked factors, check your business credit score for free with Nav.  Licenses, though essential to operation, are also frequently one of those items. In the light of that, the question that quickly follows is typically, “Do I… Read More