I’ve said this before and here it comes again. The banks are lending money. Not like they were in the early 2000’s but that’s OK., lending was way over the top back then.
But if you do need a loan, then please put your best foot forward. That means don’t do any of the following:
- DON’T give your banker bad financial statements.
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The act of selling your business is not something you want to do in the spur of the moment. This particular situation requires deep rational thoughts; otherwise you might have regrets later in your life. From a sheer financial standpoint, you have to make sure you get what your business really deserves and settle for nothing less, if of course your final decision is to sell.… Read more >
In undertaking the planning process, the vision and mission statements provide a foundation for everyone: customers, employees, vendors, and other stakeholders. Similar in purpose, these statements may even be combined into one statement. Both work to identify the purpose of the organization. The vision statement brings in values – how the organization is to act. … Read more >
Every entrepreneur knows that raising a business off the ground is no child’s play. Precisely when you need every penny to pay for expenses and, of course, yourself, taxes come in to destroy your income. Fortunately, there are certain ways that you can save on tax and use those resources to grow your business.… Read more >