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Thinking about starting your own business? Here’s what to know

ACT

Seven to ten percent of small business startups shut down every year and the figures climbed to 23 percent during the COVID-19 pandemic. Moving forward without a plan could set your business up for failure. You must also open a business bank account and likely apply for business credit.

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Silent Partners, Explained: What to Know About Finding a Silent Partner for Your Business

Hubspot Sales

For small business startups, enlisting the help of a silent business partner may feel like a win-win proposition. They invest their money in your business, but they don't attend meetings or make decisions. They don't oversee finances or review strategies. What Is a Silent Partner?

Investors 106
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The Plain-English Guide to Cash Flow Statement

Hubspot Sales

Do you know where your business’ money is going? Many small business owners do their own accounting, either with accounting software or manually, with a spreadsheet. In financial accounting, the cash flow statement, or statement of cash flows, will show where your business’ revenue is coming from and where it’s going.

Finance 79
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21 Books About Starting a Business You Can’t Afford Not to Read

Hubspot Sales

21 Books About Starting a Business. Should you have investors? Learn how business giant Grant Cardone clawed his way from broke, jobless, and drug-addicted to millionaire entrepreneur. Discover how to set and meet crazy goals each day, spend money on the right things, and use your detractors as fuel for your success.

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What does ‘seasonality’ really mean in sales?

Nutshell

“In real estate investing, the busy period is the end of the year when people want to sell a house before the new year due to tax reasons,” says Corey Chappell , Closing Options Analyst for 181-Close-Now. Investors buy houses at the end of the year, and when summer rolls around they turn around and resell.”

Retail 120
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What Is Microlending & Is it Right for You?

Hubspot Sales

This subset of individuals and small businesses falls outside of the parameters of traditional lending. For entrepreneurs whose credit or circumstances make the risk of default high, crowdfunded or peer-to-peer financing, such as microlending, offers monetary opportunities that are not available elsewhere. Grameen America.

Finance 99
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How to write a lean business plan

PandaDoc

What is a lean business plan? Lean business plans tend to be geared toward early-stage businesses that don’t need any kind of outside investment and have no intention to seek financing in order to start their business. Lean plans are more flexible than traditional business plans. Lean business plan.