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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

by Wayne Titus, author of “ The Entrepreneur’s Guide to Financial Well-Being “ Entrepreneurs and small business leaders are trying to figure out how to navigate COVID-19, from how to apply for loans and assistance to FMLA regulations. How can businesses understand their options and develop a cash flow timeline?

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The Latest Questions Small Businesses Are Asking

Up and Running

A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Ask yourself, “Am I willing to risk what I own to go into this business because the potential rewards are greater than the risks?”. Personal credit ratings and collateral are also important.

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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. See Also The Complete Guide to SBA Loans. Business plan.

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Do You Have Fear of Financials?

Up and Running

I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. 2. Forecasts don’t take an MBA, CPA, or PhD. I received an email overnight that reminds me that people still need a lot of reassurance about financials.

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8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Clean up your credit rating before you apply. In fact, customer orders are great collateral.

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8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

Approaching a banker without a business plan, and asking for money, is a sure way to be rejected and leave a bad first impression. Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Clean up your credit rating before you apply. In fact, customer orders are great collateral.

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Lean Business Planning with Tim Berry [VIDEO]

Up and Running

We recently had Tim Berry, Palo Alto Software founder and business planning expert, present our Bplans audience with his latest advice on lean business planning. You do in small business, in startups, you survive on focus, and my shortcut to strategy that I like is think about identify, market and business offering.

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