Billy Westbrook began as so many entrepreneurs do: with an idea to improve the world. He dedicated himself to building a business around that idea, and brought the world a clearer view.
Utilizing trade credit can help new businesses increase purchasing power, while suppliers may benefit from larger contracts and new partnerships.
Most startups can’t meet the stringent business credit requirements imposed by traditional lenders. Where can entrepreneurs find the funds they need?
The key to determining the value of a sole proprietorship is in the understanding that your valuation of the business is just an estimate because so much of the company’s success rides on the personality and experience of the owner. Learn more here.
The two primary risks that every company has to face on a daily basis are business risk and financial risk, and contrary to common belief, they are not one in the same.
When it comes to running a business, putting personal assets at risk for the sake of the company is a decision no one wants to make. In today’s economy, many lenders are trying to mitigate some of their own risk by mandating personal guarantees to qualify for business credit.