Recent Posts

Finance

How to improve your small business’s credit standing

Why is personal credit history so important for a small business? How can a small business improve its business credit standing? How does one choose a business credit card? To get a better handle on the biggest issues hurting growing small businesses when it comes to building and qualifying for […]

Finance, Strategy

Why Seeking Venture Capital is (Mostly) a Waste of Time

If your business is a startup seeking venture capital, your prospects are dim. Instead, you should focus on trying to grow the business without VC funding, says Dileep Rao, part of the faculty at Florida International University College of Business and author of Nothing Ventured, Everything Gained. The erroneous perception […]

Operations, Team

Good Management is a Delicate Balancing Act

To allow failure but disallow incompetence To cherish creativity but shun lack of discipline To value team collaboration but not at the cost of individual accountability To cultivate an environment that is safe but also brutally honest To create non-hierarchical organizations full of strong leaders Inspired by The Hard Truth […]

Finance

Ways to Build Your Business Credit

The Business Owner’s Guide to Understanding and Building Business Credit Section 3: Ways to Build Your Business Credit Tip 1: Get a Business Credit Card Using your newly acquired EIN and business name, open a credit card specifically tailored for businesses. If you are inexperienced with credit card usage, it […]

Finance

How to Establish Business Credit Files

The Business Owner’s Guide to Understanding and Building Business Credit Section 2: How to Establish Business Credit Files Unlike personal credit, having business credit files isn’t always automatic. You may have to proactively set up your own business credit files at each of the bureaus. Each credit bureau also has […]

Finance

Business Credit Basics, Reports and Scores

The Business Owner’s Guide to Understanding and Building Business Credit Section 1: Learning the Basics: Business Credit, Business Credit Reports, and Business Credit Scores What is Business Credit? Business credit refers to whether or not a business is a suitable candidate to give credit to and/or do business with. Having excellent […]