Offering Net-30 Terms? Will Your Client Pay on Time?

past due invoice

One of the many challenges that small business owners face is having to offer net-30 to net-60 payment terms to clients. While offering net-30 terms can help you increase sales, it also exposes your business to credit risk. Basically, your company could run into cash flow problems if your client pays late, or worse, doesn’t pay […]

Laid off? How Starting a Business Can Help You Land a New Job

start your own business

Losing your job can be very stressful and challenging, especially if the job loss came as a surprise. Obviously, you have to deal with the psychological impact of being laid off and with the loss of income. And then there is the subject of trying to get a new job. The search for a new […]

Business Financing Options for Self-Employed Individuals

self employed financing options

The self-employed market is probably one of the most under-served markets when it comes to business financing. Most banks and lending institutions don’t provide financing to the self-employed because their volume is too low and banks can’t make enough in lending fees. To make matters worse, most self-employed individuals don’t keep good business records, which […]

Home-Based Businesses – Broken Down by Industry

home based businesses - by industry

Some weeks ago I was researching data on home-based businesses and came by a publication from the SBA that had some interesting information. It showed the percentage of home-based businesses in a number of industries. This was pretty interesting because most people imagine home business owners to be self-employed individuals who work in a handful of service industries […]