The Source

Small Business

How to Plan a Grand Opening Event for Your Business

May 18, 2022

After months or even years of planning, you’re finally ready to introduce your small business to the world. A grand opening event is essential to your launch plan and shouldn’t be an afterthought. This is...

5 Steps to Take If You Want to Transfer Business Ownership

May 18, 2022

As a small business owner, there may come a day when you decide to transfer ownership of your business. Perhaps you'd like to retire and want to transfer ownership to a family member. Or, maybe...

The Top Pros and Cons of Prepaid Business Credit Cards

May 16, 2022

Credit cards aren't the right funding option for every small business owner. For example, a high-limit credit card might do more harm than good if you struggle with budgeting.

What is a Term Loan, and How Can You Secure One?

April 25, 2022

A term loan is a traditional loan that entrepreneurs can use to grow a small business. Term loans offer an upfront cash infusion with monthly payback terms over a specified period.

Business Credit Score vs. FICO Score: What’s the Difference?

April 21, 2022

You have a FICO score if you’ve ever paid for a car, house, college tuition, opened a credit card account or submitted a rental application.

How to Create a Loss Prevention Strategy for Your Business

April 20, 2022

Learn how to prevent business losses from theft, fraud, errors, and shrinkage. Explore effective loss prevention strategies, including retail security and staff training.

Business Loan APR: How to Easily Calculate Your Loan Cost

April 20, 2022

If you want to expand your business, receiving a small business loan can help you accomplish your goals. The APR is crucial when applying for any type of business loan, as it affects the total repayment amount, including origination fees and monthly upkeep charges.

Do You Need a Business Partner? How to Decide

April 18, 2022

Once you’ve decided on a great business idea, you’ll need to select a specific business structure. Although most business startups operate as sole proprietorships, many new businesses operate as general partnerships.

Business Entity Types: How to Select Your Entity Type

March 28, 2022

Congratulations, you've decided to take the plunge and start your own business. However, what comes next will significantly affect your chances of future success.