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Financial Management: 7 Steps To Getting Your Small Business Debt-Free

The Startup Magazine

The Federal Reserve found that 70% of small businesses have unpaid debt, with 21% registering $25,000 to $100,000 in debt, according to Fundera. Interestingly, debt can significantly boost business growth. Whether you are new in business or an established entrepreneur, you need to be diligent with your finances.

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Key Strategies for Starting a New Business After Bankruptcy

Up and Running

Starting a business is difficult, but establishing a new business from scratch after filing for bankruptcy can be an even bigger challenge. Nothing is as stressful as bankruptcy. Filing bankruptcy will offer a fresh start and keep your debts behind you. How to rebuild your finances and credit after bankruptcy.

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The Basics of Small Business Loans [WEBINAR]

Up and Running

What do you need to know about small business loans before you apply? You have a lot of options, and there are a lot of variables in the equation that determines whether you’ll qualify for the loan you’re applying for (or whether that loan is even a good fit for you and your business). Scott: Hi everybody.

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3 Key Factors Lenders Look For When Assessing Business Loans

The Startup Magazine

What you’re essentially trying to do is prove to the lender that so much money is coming into your business that you’re all but assured to eventually hit profitability, if you haven’t done so already. Lenders will also want to assess the credit history of both your business and the individual business owner applying for the loan.

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The Startup Guide to Affordable Accountancy

The Startup Magazine

In their study, they found that most businesses fail due to poor understanding of cash flow and lack of a well-developed business plan. With staggering statistics like these, it’s clear that startups need to come up with affordable ways to handle their accounting services needs in order to avoid bankruptcy. Generate invoices.

CPA 70
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The Pros and Cons of Filing Business Bankruptcy

The Startup Magazine

I spoke with experienced Philadelphia bankruptcy attorney David Offen, Esq. who let me know about some general pros and cons of filing bankruptcy for a business. The Pros and Cons of Chapter 7 Business Filing. First, what is Chapter 7 business bankruptcy? First, what is Chapter 11 Business Bankruptcy?

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Planning for the Future: Your Exit Strategy

Up and Running

An exit strategy is a method by which entrepreneurs and investors, especially those that have invested large sums of money in startup companies, transfer ownership of their business to a third party, or by which they recoup money invested in the business. Liquidation: For small businesses, liquidation is a common exit strategy.