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6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

However, the challenges you face are the same ones that every successful small business owner has faced and then surmounted in some way or another. It can be instructive and inspirational to hear about businesses that triumphed over adversity. How these six businesses worked with the SBA to grow.

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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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9 Steps to Handle Business Loan Rejection

Up and Running

Don’t forget that many of these ratios have similar drivers, such as capital, sales on credit, accounts receivable, inventory, payment patterns, etc. Check out how you can improve vital financial ratios for your business. Maybe you have a big promotion to spark new sales or offer a discount for paying on time.

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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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A Standard Business Plan Outline [Updated for 2017]

Up and Running

Likewise, although the management summary is usually presented toward the end of a finished business plan, it might be an easy place to start writing. Others like to focus on the numbers first, so they start with a sales forecast or spending budget. Detailed business plan outline: 1.0 Sales Plan. Revenue/Sales Forecast.

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4 Reasons Small Businesses Fail

YoungUpstarts

Fortunately, in 2015, loans to small businesses are expected to increase; great news for small businesses searching for capital. Small Business Administration. The SBA has a variety of loan programs and offers considerable resources to small business startups. LendingClub Inc. ,

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

Up and Running

The details within those pages will remind you of the spending strategy you outlined to get your business off the ground. 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.

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