Why microfinance is important for small business
Microfinance, also known as “microcredit”, is a method of providing small business owners with capital. These small businesses and individuals often don’t have the traditional financial...
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Standby Letters of Credit: An Alternative Payment Plan
Standby letters of credit (SBLCs) are a way to add security and ensure payment for completed services or physical goods. A bank will guarantee payment to...
What is a value chain?
A value chain is a combination of activities that a company undertakes in order to move a service or product along its lifecycle, such as...
How to open a brokerage account for your business
You may have enough money to pay all your bills if your business is profitable. You can earn some interest by putting that money in a...
Why most business partnerships fail
Many business partnerships are beneficial because they enable entrepreneurs to pool complementary skills and share startup costs. Unfortunately, some of these advantages can also be disadvantages....
What is a venture capitalist?
Venture capitalists are individuals or companies that invest in business ventures, supplying capital to start-ups or expand. Most venture capital is provided by professionally managed companies. Venture capital firms...
Best Tips and Resources to Start an Etsy Business
Etsy is a global marketplace with more than 1.73 million active sellers, selling over 40 million vintage and handmade items. These include everything from crafts to clothing. Etsy...
What are Accrued Expenses (Accrued Costs)?
Costs that have not yet been invoiced and paid by the business but will be in the future. Your business can plan ahead by tracking accrued...
What market saturation means for your business
There are several things that you can do when starting a new business to ensure its viability and potential for survival. The most important step is...
Automated clearinghouse (ACH)?
What is the In banking, " ACH " stands for " Automated Clearing House", which is a system that coordinates automated payments and money transfers. ACH allows money to...