Category: Starting a Business

What You Need To Know About Personal vs Business Expenses

What You Need To Know About Personal vs Business Expenses

Credit cards are a popular way to pay for purchases. They offer a convenient and safe way to pay for purchases, and rewards credit cards offer even more value when managed well.  When you’re a business owner, it can get more complicated though.  What happens if you use your business card for a personal purchase? If you can’t qualify for a business card, can you use a personal card for business expenses? What are the advantages of one type of… Read More
How Cash Flow Problems Start and How to Fix Them

How Cash Flow Problems Start and How to Fix Them

“It was a lot of things. Got too big too fast.” That’s Sydney in Episode 5 of the hit TV show, The Bear, talking to a coworker about why her catering business failed.  “Wasn’t exactly liquid enough for a brick and mortar. And so running it out of my garage was…stupid. My credit got destroyed.” Sydney goes on to describe how a botched job with an important customer sent her financially fragile business into a tailspin from which it never… Read More
What Is Shop Pay, How Does It Work and Are There Checkout Alternatives for Your Business?

What Is Shop Pay, How Does It Work and Are There Checkout Alternatives for Your Business?

Shopify is a leading shopping and ecommerce platform, and Shop Pay makes it even easier for small business owners to sell their products and services.  Here’s how Shop Pay works and how to decide if it’s right for your small business.  What is Shop Pay? Shop Pay makes it easy and fast for customers to buy items on your Shopify store or on Shop. They are able to save their email address, credit cards, shipping and billing information and use… Read More
Which NAICS Codes Get the Most Funding?

Which NAICS Codes Get the Most Funding?

If you’ve filled out an application for a small business loan or financing, you may have been asked to provide information about the industry your business operates in, or even to list your SIC or NAICS codes. And you may have wondered why this information is requested by lenders, or how it would affect whether your application is approved. .  Here we explain how industry codes, like SIC or NAICS codes, can affect where and how much funding your business… Read More
Understanding Merchant Processing for Financial Services

Understanding Merchant Processing for Financial Services

If you're in the business of selling goods or services, the ability to accept electronic payments is critical to your success. In today's economy, cash transactions are becoming increasingly rare, and consumers often expect the convenience of being able to pay using their credit or debit cards. But have you ever stopped to think about how your electronic payment system works? In this article, we'll explore the world of merchant processing and how it affects your business.  The Basics of… Read More
12 High Cash Flow Businesses to Start in 2024

12 High Cash Flow Businesses to Start in 2024

When you think of what makes a successful business, it’s likely you think of a high cash flow business. It brings in plenty of money and expenses are low.  Here we’ll share some of the best cash flow business ideas, along with tips for financing your new business.  Table of contentsWhat Is the Criteria for a High Cash Flow BusinessBest High Cash Flow Business Opportunities for 20241. Digital course creation2. Pressure washing business3. Consulting/coaching in area of expertise4. Accounting or… Read More