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10 Reasons You Don’t Qualify for an SBA Disaster Loan

Up and Running

Maintaining your business through the coronavirus crisis has likely led you to cut costs, revise your sales projections, and potentially seek out a loan to help you stay afloat. Most banks will not issue traditional SBA loans to brand new businesses. Moreover, the collateral that you provide is split between the SBA and the bank.

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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

As individuals, we instinctively keep a running check in our heads about when our bills are due and when we have money coming in. Make a list of bills you owe each month ­­— it could be rent, payroll, utilities, inventory, software subscriptions, etc. Now it’s time to consider your small business in the same light.

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The Ultimate Guide to Starting a Software Company

Up and Running

Since the term “cloud computing” was coined in 1996—at least as we have come to understand its meaning—the software as a service industry has exploded. If you use software like LivePlan, you can create this initial “lean plan” in under an hour and then spend your time where it really matters—on validating your idea.

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4 Startup Funding Challenges and How to Overcome Them

Up and Running

From jewelry to dog food to SaaS (software as a service) products, startups are popping up in virtually every field around the world, despite the risks. This means being able to increase profits without increasing costs at an equal (or higher) rate. Make sure to use the latest automation and software technologies wherever makes sense.

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8 Things You Need To Start a Business During a Recession

Up and Running

Recessions, or even a volatile market like we’re currently experiencing due to COVID-19 , are difficult times. In an economic downturn, businesses and consumers alike are looking to cut costs, which may allow you to step in with your answer. But it doesn’t have to be all bad. . More room for competition. Better credit options.

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Tips for Writing a Successful Business Plan for a Daycare Center

Up and Running

You want to review all the different components of your business model. Another thing to watch out for with monthly rent is all the added costs. Make sure to find out if it is a gross or net rate. , so keep these all in mind when calculating the costs. Up-to-code kitchen with three-compartment sink and grease trap.

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You’ve Got Funding: 5 Things to Do With the Money Right Away

Up and Running

Take a moment and step back to review the business plan that you worked so hard on. According to 2016 statistics published by the Small Business Administration (SBA) , only about 78 percent of small business startups survive the first year, and only half make it to the five year point. Expensive printing costs.

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