Category: Running a Business

What You Need To Know About Personal vs Business Expenses

What You Need To Know About Personal vs Business Expenses

Credit cards are a popular way to pay for purchases. They offer a convenient and safe way to pay for purchases, and rewards credit cards offer even more value when managed well.  When you’re a business owner, it can get more complicated though.  What happens if you use your business card for a personal purchase? If you can’t qualify for a business card, can you use a personal card for business expenses? What are the advantages of one type of… Read More
How Cash Flow Problems Start and How to Fix Them

How Cash Flow Problems Start and How to Fix Them

“It was a lot of things. Got too big too fast.” That’s Sydney in Episode 5 of the hit TV show, The Bear, talking to a coworker about why her catering business failed.  “Wasn’t exactly liquid enough for a brick and mortar. And so running it out of my garage was…stupid. My credit got destroyed.” Sydney goes on to describe how a botched job with an important customer sent her financially fragile business into a tailspin from which it never… Read More
How to Make the Leap from Residential to Commercial Cleaning in 2024

How to Make the Leap from Residential to Commercial Cleaning in 2024

If you run a cleaning company focused on residential house cleaning but are looking to expand your small business, it might be smart to consider offering commercial cleaning services. While the leap to commercial from residential cleaning is doable, there are some things you need to be aware of in the process. Commercial Cleaning Services Are Still in High Demand Consider every office, every store, every gym, and every restaurant within a one-mile radius of your house. All of those… Read More
What is Shop Pay, How It’s Used and Alternatives You Should Know

What is Shop Pay, How It’s Used and Alternatives You Should Know

Shopify is a leading shopping and ecommerce platform, and Shop Pay makes it even easier for small business owners to sell their products and services.  Here’s how Shop Pay works and how to decide if it’s right for your small business.  What is Shop Pay? Shop Pay makes it easy and fast for customers to buy items on your Shopify store or on Shop. They are able to save their email address, credit cards, shipping and billing information and use… Read More
Repairing a Delinquency On Your Business Credit Report

Repairing a Delinquency On Your Business Credit Report

Good business credit can open doors, making it easier for your business to qualify for small business loans and other types of financing. But it can also close doors by making it more difficult to get financing, supplier credit and even certain business opportunities.  If you check your business credit reports and find delinquencies (late payments) or other negative information, what should you do? Learn your options here.  What Is a Good Business Credit Score? There’s no single number that… Read More
UCC Filing Resources for Every US State

UCC Filing Resources for Every US State

The Uniform Commercial Code ("UCC") establishes a standard for recording liens that protect the financial interests of creditors. A UCC filing or UCC lien is a legal notice that creditors file in state courts to publicly protect their interest in property. These UCC filings can also affect your business credit, or your ability to get financing for your business. That's why understanding the UCC filing rules in your state can be helpful. When you pledge security for a loan, the… Read More