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

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Luckily, the SBA has created a separate COVID-19 Disaster Loan, with less stringent eligibility criteria and a streamlined application process to hopefully make more funds available for more businesses. . Most banks will not issue traditional SBA loans to brand new businesses. Your business is brand new. Risky industry.

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The Ultimate Guide to Starting a Software Company

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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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8 Things You Need To Start a Business During a Recession

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Recessions, or even a volatile market like we’re currently experiencing due to COVID-19 , are difficult times. Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. More room for competition.

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4 Startup Funding Challenges and How to Overcome Them

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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. Use a billing software to record the sales and invest in a relationship with a tax professional only when needed. Your business plan also needs to have a realistic financial forecast.

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

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Take a moment and step back to review the business plan that you worked so hard on. Look closely at your cash flow forecast so that you can spend accordingly. There are a lot of software and upgrades available, but make sure you measure these purchases against your actual needs to run your business. Evaluate technology needs.

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Do You Know How Your Business Is Doing and Where It’s Going?

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Tim Berry, founder of Palo Alto Software and Bplans, asked, “What’s the best way for entrepreneurs to demonstrate that they’ve thought through the essential aspects of their business, especially the financials?”. Do you regularly review your plan? The same is true for opportunities. Do you work on your business, or in our business?

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Practical Market Research Resources for Entrepreneurs

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Small Business Administration – SBA. Census Cendata: This page has a menu of available reports that include reports on different manufacturing industries, county-specific economic surveys, business patterns for a specific ZIP code and others. Much of it is available to search on the Internet. Trade associations. Bureau of Census.