Category: Money & Metrics

What is an SBA Loan? How Does it Differ from Standard Small Business Loans?

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

what-is-an-SBA-loan-how-does-it-differ-from-standard-small-business-loans

In many cases applying for a loan is critical for the establishment and success of your small business. Most banks or credit unions have a variety of small business loans, but one type that’s worth looking into is an SBA loan. What exactly is an SBA loan and how is it similar to a standard small business loan? Small Business … Read More

What Do I Do With This Large Purchase Order?

Posted by Matt GoerdtPosted on Money & Metrics

what-do-i-do-with-this-large-purchase-order

Your company may have started off as a small business where transactions were basic and the amount exchanged was manageable. However, when a company starts to grow, the amount of money exchanged becomes higher which can create more details attached to each order. When basic e-mails or a phone call aren’t enough for your company to do business with suppliers, … Read More

Personal Credit vs Business Credit

Posted by Matt GoerdtPosted on Money & Metrics

personal-vs-business-credit

You may know the significance of what the number attached to your personal credit score means but how does it differ from a business credit score? Personal Credit Score Your personal credit score is connected to your social security number and is curated by three major credit bureaus: Equifax, Experion, and Transunion. It’s summarized by a number ranging from the … Read More

The Smart Way To Merge With A Competitor

Posted by Matt GoerdtPosted on Money & Metrics

the-smart-way-to-merge-with-a-competitor

Besides eliminating competition, buying out another business is a positive way to bring two companies together to create a better product or service. Taking on another business can also be very risky and could hurt you in the long run or not be worth the time or money invested in the deal. There is a smart way to merge as … Read More

Will a Subscription Model Work For My Business?

Posted by Carrie WilkinsonPosted on Money & Metrics

will-a-subscription-model-work-for-my-business

If you don’t pay for a business with a subscription model you more than likely have heard of one. There are so many successful businesses using this model for both goods and services: Netflix, Birchbox, Barkbox, Amazon Prime, Spotify, Dollar Shave Club, Stitchfix, etc. It takes a certain kind of business to be successful with subscribers, but what are the … Read More

Personal Finances vs. Business Finances

Posted by Brett NagelPosted on Money & Metrics

personal-vs-business-finances

Just starting your small business and wondering how different your business financials should be compared to your personal finances? There are a few differences since they serve different purposes. Here are the differences and a few ways you can keep them separate. Personal Finances These help you understand how much you are spending to make sure you are staying on … Read More

Most Profitable Business Models

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

most_profitable_business_models

Wondering how some businesses seem to be raking in the profit? Here are some of the most profitable and common business models out there. Read through to decide which one is right for your business. Sell product for a little more than what it cost to produce. The most traditional business model, which is based on a set profit margin. … Read More