SBA Loans for Ecommerce: Everything You Need to Know
Depending on your ecommerce goals, an SBA loan can be a great way to secure the funding you need to grow. However, not all ecommerce businesses will qualify, and the application process can run in conflict with short term goals. In this blog post, we will take a closer look at SBA loans and whether […]
What Is a Good Net Profit Margin in Ecommerce?
Ecommerce profit margin measures how much money you make after subtracting your costs from your revenue. It’s calculated as a percentage and expressed as either gross or net profit margin. Your profit margin is a critical success metric for the business overall, but it can also be used to compare products and SKUs, make ordering […]
5 Tips for Improving Your Business Credit Reports
If you’ve been through the process of building your personal credit, you know it takes commitment. Building your new business credit is similar in this way, but it’s a little more complicated than building your personal credit. Whether your business is new or it’s been operational for some time, you can follow these five steps […]
Getting Started With a Business Credit Report
What is a business credit report? You may be familiar with FICO score for your consumer credit report. Well, a similar credit score exists for your business. A business credit report is how the bureaus monitor information about the risk involved with your business, specifically around credit and lending. Simply put, your score indicates your […]
10 Steps to Starting a New Business
Congratulations, you’re considering starting a new company to pursue your dreams and ambitions. Kudos to you! As entrepreneurs, we all have different experiences. The blueprint for one small business won’t necessarily work for another, but some elements of starting up will always be true. Here are the top 10 things to consider when starting your […]
Math is Hard. Small Business Income Management Isn’t.
As small business owners, we hear so much about cutting, slashing, “do more with less” business expenses. Whether we’re in growth mode or operational mode, it’s always in our interest to be lean. While I’m all for trimming wasteful spending, negotiating for better vendor contracts, optimizing payroll, and other forms of spend management optimization, there […]
