Finance Archive
Businesses try to make changes to keep their doors open. Given what’s going on around the world this year, almost all businesses are doing poorly. Some are affected more than the others. If you’re still thriving and you have to make some changes, you can start by having local suppliers. It’s an excellent way to
It’s an honor to know that someone wants to buy the small business you started. You worked hard to build the company from scratch. To find an interested buyer means that you did something right. It also means that you have a profitable business. The problem is determining what to do next. Should you sell
It’s terrible to know that thousands of people around the world lost their jobs as a result of the pandemic. Business closures led to the retrenchment of employees. Given the current restrictions, looking for a replacement job is a big challenge. Many people are now relying on government aid, and it’s not a reliable income
When several businesses are barely breathing because of this pandemic, it’s surprising to see that others are thriving. You might wonder why these companies can keep up with this challenge even if it’s something new for everyone. These are the reasons why some of these businesses managed to survive, and are even expanding despite this
It’s unfortunate to see several businesses filing for a bankruptcy amid the pandemic. It was difficult for them to survive given the current conditions. They have no other choice but to either close some of their stores or completely file for a bankruptcy. If you’re a business owner, you’re afraid that you will reach the
Most people would discourage you from starting a business later in life. You’re already getting older, and you need to relax. You have already done your share in working hard, and it’s time that you enjoy. Besides, if you’re already aging and you invested your money in a business, it might take time before seeing
Debts can either be good or bad. Business loans are considered good debts if you are using the funds to start up a new venture, replenish your cash flow, stock up on inventory, or to keep your existing one afloat. If you need to secure a business loan, first there are some things you need
When you decided to start a small business, you created a timeline that allows you to operate everything smoothly. However, things might not go as planned. It’s possible that your company soars to popularity right away. It can be a blessing and a curse. Of course, you’re grateful that people recognized your business and patronized
It’s terrible for you to close your business because of government lockdown orders. Almost all non-essential businesses were ordered to close. Even if you can continue moving operations online, the potential income isn’t the same as your regular operations. Now that the government is beginning to ease on the restrictions, you might start seeing a
The only thing standing between you and your business goals is the lack of financial resources. It’s important that you have sufficient funds to keep the ball rolling. Otherwise, you will get stuck with your dreams that won’t even turn into a reality. The good thing is that you can always turn to business loans.