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  1. Small Business Finance is a growing area of specialized financing that has been growing in popularity ever since the passage of the SMART Act. Many small business owners have not even heard the term, much less understand what it means. Small Business Finance, in essence, is the lifeline of most modern businesses; without it, they would fail and be swallowed up by their slower, more expensive competitors. Small Business Finance was designed to address the unique financing needs of small businesses and their owners through a variety of tools and policies designed specifically for them. Small Bus
  2. Small business finance is simply the management of a company's money, accounts, and resources. The word itself often relates to the day-to-day functioning of a bank or other financial institution. But, more often, small companies use the term interchangeably with other financial matters, like hiring and advertising. While it is true that managing your own money is very important, don't discount the fact that your company's books are also an integral part of running a successful enterprise. Here's why: Whether you are a sole proprietor or a publicly traded company, small business fi
  3. When you think about it, Small Business Finance refers to the financing options available to small businesses to meet their financial obligations. Small Business Finance is the difference between losing your shirt and paying off your debt with cash. If you have a business, it's important to understand Small Business Finance. Small Business Finance is really nothing more than using other people's money to fund your businesses. These people are usually the owners of the business. Small Business Finance is a popular way of small business financing that often includes borrowing money f
  4. The Small Business Administration (SBA) works diligently to make sure small business owners understand the importance of financing and working with a reliable Small Business Finance Advisor. For many small business owners, the SBA is their only way of getting a loan from a lending institution that will negotiate a fair loan price with a strong financial footing. Over $75 billion in private, small business finance has been provided by the SBA and we believe in their strong leadership role in assisting American small businesses to realize their potential. Through our loans and financial educatio
  5. This book is aimed at new business finance authors who are looking for methods and models that have worked well for others. It provides an in depth look at the subject of small business finance. The concepts covered include working capital management, cash flow analysis, merchant financing, and business valuation. It also goes into the financing options for SMEs with special attention given to business loans, lines of credit, and commercial mortgages. In terms of finance there are four topics that are developed in detail: working capital management, merchant financing, investment b
  6. Small Business Finance is an aspect of business management that is directly related to the management of your company's financial resources (or lack thereof). Ideally, your small business finance plan includes forward looking predictions and statements that help to tell the direction of the company. These would include: Income statement. Balance sheet. Cash flow statement and cash flow forecast. There are other aspects of this type of small business finance that you may wish to consider as well, such as financing options, debt markets, capital structure decisions and investment strategies.
  7. Small Businesses Are Important Tailors to the Economy-They create jobs, improve communities, and overall contribute to a healthy economy. Many people know about small businesses such as jewelry shops, restaurants, dry cleaners, bookstores, bars and other businesses that employ hundreds or even thousands of people. Yet very few people understand about Small Business Finances. For example, only 30 percent of American families currently have some type of financial institution account to help them finance small needs. Most Small Businesses Need to Learn Financial Accounting Terms - Sma
  8. A small home based business idea can be a good start when you wish to build a large business for yourself or just wish to remain a sole practitioner. However, if you wish to be self-employed, you may need more money and time investment to make it a success. And in case you are running your own business, you may also face the difficulty of having customers visit you in person. That said, if you want to work from home but don't like the idea of having customers visit you regularly, you can work online. As a matter of fact, nowadays many people choose an online home based business as it can be ve
  9. The government grants for small businesses for women are set up to help women get an initial start in a new venture or for the women who already have an established firm and require some extra funds. In general these grants provide money to start up and enhance your business. These grants are available to any woman who has the intention of starting or expanding her existing business. You just have to fulfill the requirements set by the authorities and provide the required documents like the details about your firm, your proposed business objective, and the percentage of shares owned by you.
  10. The Small Businesses for Women program is a significant resource for both small and large businesses. Just as there are many ways to obtain financing for other programs, there are also many ways to obtain small business loans. To qualify for a loan for a business, most banks and lending institutions require a personal guarantee from the borrower. This means that if you default on your loan payments, the money from your bank can be seized. The government loans for small businesses for women provide financial support in the form of low interest loans in order to finance start-up or e
  11. The government's loans for small businesses for women has the same criteria and requirements as it does for any other of the small business programs. If you're looking for financing for your small business in Canada, one of the best ways to get financing is to gain access to Funding database where over 1,500 private loans and grants are listed which include numerous government grants to women-owned small businesses. There are many grant resources available for Women-owned small businesses including the Small Business Development Centre (SBDC), Women Grants Canada (WPG), and more. Many organiza
  12. The Small Business Administration (SBA) and various state agencies offer financing options for small businesses. There are many resources to help small businesses succeed in today's economy. From locating grant funding to locating business loans and working capital loans, there are a number of options that a small business owner can explore. For example, grants can be obtained through state and federal organizations that have a variety of funding options. These funding programs are based on the size and revenue of a company and therefore are only available to businesses with certain sizes and
  13. How Intangible Assets Work in a Business Valuation Intangible assets are those assets without physical form. These assets include intellectual property like patents, trademarks, and copyrights. They also can include contracts and licenses, technology, and customer relationships. No business valuation should be undertaken without considering the value of intangibles. This article discusses the different types of intangibles and how they provide value to a business. How Financial Statements Are Adjusted For a Business Valuation
  14. If you are considering selling a business, here is a list of documents and information you will need to put together. The type of information you will need depends on the purpose of the valuation. Basic information includes a company history and description of the company and governing documents (bylaws for a corporation, for example. Information on employees, benefits and pay, and benefit plan costs The company financial statements, including balance sheet and income statement Tax returns for the past few three to five years Detailed in
  15. An appraiser is an individual who estimates the value or worth of something. An appraiser sets a value on a property or other assets, including the assets of a business. There are many different kinds of appraisers, many of whom specialize in various types of appraisals. An appraiser is an independent disinterested person who has specialized training and certifications. and uses specific standards to value business property. Appraisers use financial analysis ratios, physical review and inspection, and industry comparison. To find an appraiser, see the American So
  16. Things happen, in business as in life. Just as you should always have a resume ready, and you should keep your business plan updated, you should prepare a business valuation and update it every year. Something could happen to you, like death or being disabled. You might be able to take advantage of an opportunity, like an unexpected opportunity to sell the business or do a joint venture. To add a new partner or LLC member to your business, or when a partner leaves, you will need the valuation to determine the buy-in or buy-out price. You may be think
  17. Every business should have on hand a business valuation, which is updated every year. Like a current resume and business plan, a current business valuation can allow you to take advantage of opportunities, protect your family in case something happens to you, and allow you to move quickly when you are ready to sell your business. What is a Business Valuation It's a process similar to an appraisal for a home sale, in which a business appraiser inspects and analyzes the entire business. This process usually includes valuation of assets (including depreciation) and other fact
  18. Avoid large upfront fees: A business broker fee ranges from 10% to 15% commission of the sale price of your company. Avoid any broker asking for a large upfront fee to assess your business value or start an application process. Avoid the pressure: Never allow your business broker to put you in a pressure situation. Do not make a rash decision. The selling of your company is a complex transaction, personally and professionally. Take the time to learn and clarify all uncertainties. thebalancesmb.com
  19. Keep it a secret: Avoid losing key staff and suppliers by telling them your business is for sale. It should be a highly confidential matter. Your business broker should ensure all safeguards are in place to protect your company. One premature word to your suppliers, employees, or customers that you are selling the company can have repercussions on your business operations and any potential sales. Deliver a marketing plan: Selling your business is all about marketing. Properly positioning the sale of your company to attract and motivate as many buyers as possible should be your goal. Ensur
  20. Do due diligence: Just as a prospective buyer of your company will exercise due diligence, so should you. Examine your broker's background, experience, and credentials. Are there any lawsuits or complaints against them? Check the Better Business Bureau. Investigate their references. Have they handled sales of your type of business before? Find a dedicated practitioner: A business broker who spends all of their time selling businesses will add more value to your sales transaction than a part-time agent. A full-time business broker brings in a network of contacts and typically has a fuller
  21. Get referrals: If possible, always start with a referral from a trusted source. Ask your accountant, lawyer, peers, and industry association for names of good business brokers. Use IBBA: The International Business Brokers Association is a nonprofit trade association that offers education, networking, and professional training through conferences and otherwise. It's also a good resource for finding brokers who are in your area and familiar with your type of business. IBBA works with more than 1,000 business intermediaries around the world. thebalancesmb.com
  22. Selling a business for a high price usually is the result of years of dedication and persistence and a dream for many entrepreneurs. However, finding buyers for your business can be difficult if you aren't in a hot industry or lack unsolicited offers. An option to gain access to a larger pool of buyers and a structured selling process is to consider a business broker, which is similar to a real estate agent. Business brokers provide the match-making service of bringing together buyers and sellers. The right broker can help your business to fetch the best possible price in a sale
  23. Intellectual property 19. Protect your intellectual property If you develop a new product, you’ll want to protect it with a patent. You can also protect your business name, symbols, and logos by applying for a trademark. You can learn more about the process through the United States Patent and Trademark Office. To protect books, movies, digital work, and musical pieces, you’ll want to copyright your work. The United States Copyright Office can help you file the correct paperwork. Finance law 20. Bankruptcy Though we hope you never have to go here, in some cases, new b
  24. Healthcare laws 17. Affordable Care Act In the last few years, healthcare laws have drastically changed. The new Affordable Care Act impacts every business. Prepare your startup by reading about the new healthcare policies. 18. Healthcare privacy If your small business offers healthcare policies that can be accessed online, you’ll need to come up with a security plan for this data as well. If the information is ever breached, there are rules in place to notify those affected. bplans.com
  25. Online business laws 15. International sales laws With a website, any business can sell their products internationally. It instantly opens your business to a new audience, but that exposure comes with regulations. It poses questions about shipping, various taxes, and customs. The FTC has a guide to help you navigate the international waters. Privacy law 16. Data security If your business collects sensitive personal information from its customers, you must have a sound security plan in place. Aside from keeping the data under lock and key, you should only collect the inform
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