Category: Uncategorized

There are numerous financial metrics you can use to monitor the success of your business. If you’re not currently tracking your company’s profitability ratios, you probably should be.  Read on for a breakdown of what profitability ratios are and how to calculate them. You’ll also discover why this information matters to your business’s cash flow in the first place. What Are Profitability Ratios?  Profitability ratios measure a company’s ability to earn a profit relative to its sales revenue, operating costs,… Read More

Starting a business is always a risky endeavor, but it can be especially so if you’re struggling with your personal finances. Student loan debt is an oppressive burden for many college graduates. According to Student Loan Hero, class of 2018 graduates left school with $29,800 in student loans. While building a successful business can make it easier to handle your student debt later on, it’s important to have a plan to manage it responsibly until you achieve that goal. Here… Read More

The life of a business owner is busy, stressful, and, at times, unpredictable. Plan as they may, small business owners encounter myriad varieties of challenges, and nearly all of them require money. Small business owners have a good idea of what their financing options are, and often opt for a business credit card or search out a business line of credit or the much-coveted SBA 7(A) loan. For those looking for a relatively easy path to financing and to maybe… Read More

One of the biggest frustrations with credit scores may disappear in the not-too-distant future. That pain point? The fact that you can have money in the bank to pay your bills, but not have a strong credit score. As a result, you have trouble qualifying for credit, even if you are confident you can handle the payments. “You may consider yourself financially responsible because you pay for purchases with cash or a debit card, but be a ‘credit ghost’ to… Read More

Starting a business involves a lot of decisions, one of which is when to incorporate and form a legal entity. Do you wait until you start making real money? When should a small business incorporate? “Right away,” encourages small business attorney Garrett Sutton. He’s seen firsthand the problems that can arise when small business owners don’t take that crucial step. Nav Founder and Chief Legal Officer Caton Hanson agrees. He’s started several businesses, he says,  Once a business gets past… Read More

There's no shortage of productivity tips that promise you you'll get twice as much done in half the time, and for time-starved entrepreneurs, that’s alluring. Sometimes they really do work: one mom blogger, for example, built a million-dollar business in part by using a simple productivity hack. But finding the time to implement them may be another matter. Business owners often feel like time is their scarcest resource. Just look at a recent business banking survey from Nav that found… Read More