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Small Business

How To Start A Liquidation Business

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Thinking about starting a small business? 70% of people ages 25-34 are considering becoming their own boss in 2016. But, how can you choose the right industry to ensure your small business’s popularity spreads like wild fire? An industry on the rise and growing increasingly popular are liquidation businesses. Learn how to start a liquidation business here. Every year, businesses all across the U.S. put up billions of dollars of inventory for reduced rates. Surplus inventory can be resold for…

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How Much Are Defaulting Customers Costing Your Business?

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Your small business customers are important to you. You work with them closely and understand their struggles. And, you might even be friends with some. By working closely with small businesses, you likely know that banks roughly only approve 20% of the loan requests they receive. For this, and many other reasons, you may offer your customers financing in-house. But, is offering terms a considerable risk to your own business? The rate of defaulters A 2014 international survey of B2B…

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How To Avoid Overpaying On Your Taxes- 4 Tips For Your Business

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April is here and for many business owners that means one thing. It’s time to start thinking about your taxes. But, you might be privy to more deductions than you initially thought. Here are some common ways you can save on your taxes: 1. Factor in your initial costs: You may have paid for business expenses before your business got off the ground. For example, perhaps the computer you use for your business was bought before your business was up and…

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What Not To Do When Starting A Business: 2 Tips For Financial Health

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Is there anything like the excitement of new beginnings? And no beginning is quite as thrilling as deciding to become your own boss and start a business. Yet, nothing blunts the thrill of starting a business like capital drying up faster than anticipated. Early financial planning goes a long way in turning the initial thrill of starting your own venture into the excitement of long-term business success. Here are 2 practices to avoid to start your business’s financial health off on the right foot: 1) Not…

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Is Your Bank Account Susceptible to Prying Eyes? The Overlooked Risks of Making Business Purchases on Credit Cards

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We all fear the prying eyes peeking into our bank accounts. And with so much of our personal information electronically accessible we have good reason to be concerned. So, we constantly change our passwords and insure your online banking is secure. But, you may find yourself thinking what is it that I’m overlooking? What information am I hanging out to dry? The threat of credit card theft But, with your business credit card is safely in your wallet, when’s the last…

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