How to avoid bad checks from customers
In 2020, 6.51% of non-cash payments were made by check. Checks were used for 6.51% (or a total of 66,560) of all non-cash payment in 2020....
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Bootstrap your business with these 25 amazing ways
Entrepreneurs who want to be successful need to maximize the resources they have at their disposal and limit the amount of money borrowed. Every entrepreneur wants...
What is an irrevocable letter of credit?
DEFINITION A irrevocable Letter of Credit is a contract between a buyer, usually an importer, and the bank. The bank agrees that it will pay the exporter (seller)...
The Best Small Business Opportunity
Want to start a new business in 2019? We’ve compiled a list of 2021’s best small business ideas, chosen from a wide range of industries. These businesses...
What is an Entrepreneur?
Entrepreneurs are those who create a business around a new idea. They are responsible for managing the business, and they assume all the risks involved in...
10 Hobbies that Will Make You A More Successful Entrepreneur
It is easy to see the harmony between hobbies, entrepreneurship and other pursuits. Turning a hobby into a small business is one of the most common...
How a cooperative business works in the 21st century
You might imagine a local co-op when you hear the word “cooperative.” However, there are many other types of cooperatives operating in the United States...
The Best Criteria to Select a Business partner
In the world of entrepreneurship, there comes a point where running a company on your own is too challenging for various reasons. There are many reasons...
The Best States to Incorporate in
By creating a separate entity, incorporating a business can reduce your personal liability. There are three different types of incorporation: S-corporation, C-corporation, or LLC. Each of these...
The 7 most profitable small businesses
Small businesses have been the backbone of an economy that has grown. No wonder that the American Dream is often about owning your business and turning...