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5 Ways Startups Can Reduce Development Costs & Shorten Time To Market

YoungUpstarts

According to the Small Business Administration , just one in two businesses with employees survives to see its fifth anniversary. By the 10-year mark, fewer than 30% of businesses with employees remain viable. Surprisingly, macroeconomic trends have minimal impact on long-term business survival rates.

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4 Ways To Improve Your Business Credit Profile

YoungUpstarts

The three major business credit bureaus include FICO Small Business Scoring Service (SBSS), which is the only one used by the U.S. Small Business Administration; Dun and Bradstreet (D&B) PAYDEX, and Experian Intelliscore. However, it can also be impacted by industry, business size, and total revenue.

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Estimating Realistic Startup Costs

Up and Running

This article is part of our Business Startup Guide —a curated list of our articles that will get you up and running in no time! What will it cost to start that business? Many people underestimate startup costs and start their business in a haphazard, unplanned way. What are startup costs? Timing matters.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. In addition, it should have a place of business and not be dominant in its field of operation.

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How Online Lenders Facilitate The Growth Of Startups

YoungUpstarts

In order to make a splash in their industries, startups need a healthy flow of working capital and, when you’re just trying to get established, it’s often impossible to access a sustainable flow of working capital through revenue alone. In lieu of obtaining a bank loan, many startups use personal or business credit cards.

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To Franchise Or Not To Franchise?

YoungUpstarts

Whether it’s access to a proven business model, the expertise and resources needed to achieve sustainable growth, or simply wanting a team of support, franchising has become an increasingly attractive option for small business owners who are looking to take their businesses to the next level.

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4 Reasons Small Businesses Fail

YoungUpstarts

Without sufficient funds, opening doors to customers is impossible, and many small business owners underestimate the amount of money it takes. Visit the startup cost calculator to put the amount of capital a small business needs into perspective. Small Business Administration.