Many small businesses rely on a bank-approved business line of credit as a convenient source of short-term financing. But preserving this credit-line is not always so easy. Most banks make a commitment for one year. At the close of the year the business’ financial statements, tax returns, and credit rating are reviewed. If the bank […]
Monthly Archives: April 2009
Unemployed Professionals Seek Small Businesses: A Win-Win Situation?
Earlier this week officials of the New York City Economic Development Corporation announced the initiation of a program that pairs out-of-work professionals with start-ups and growing small businesses. The program, known as JumpStartNYC, illustrates an unavoidable trend that has been gaining traction over the past couple of years. (image credit) As the economy continues to […]
18 of the Best Blogs for Small Businesses
For small business owners and aspiring entrepreneurs, the web is a wellspring of information, insight, and advice. But like everything the Internet has to offer, you need to know where to go to find what you need. Here is my list of essential small business blogs divided into several, broad categories: General Small Business Info, […]
Five Smart Uses for Your Tax Refund
As the economy continues to sour, many are giving extra thought to how they will spend their tax refunds. The question of where to allocate this “additional” cash is all the more weighty for the growing population of people who are either self-employed, unemployed, or in transition. So what is the best use for your […]
Is Now the Time to Invest in a Franchise Opportunity?
There are several attractive incentives to investing in a franchise business. By buying into a franchise opportunity, you can take advantage of a proven business model and an established brand recognition, not to mention all the training and support that many of the major franchisers have to offer. But with the economy in a recession, […]