-
Continue reading →: Google Reviews for Small Business: Local, Store, and Product RatingsGoogle reviews for small business are not one system. A local plumber, an online store, and a product brand can all have stars on Google. Those stars may come from different programs, appear in different places, and measure different parts of the customer experience. That difference matters. A restaurant can…
-
Continue reading →: How Interest Rates Affect Small BusinessesThe Fed moves one benchmark. Your loan contract decides how far that move reaches into your business. On September 16, the Federal Reserve raised its target range by 0.25 percentage points, to 3.75% to 4.00%. The prime rate moved to 7.00% the next day. That news sounds simple, but a…
-
Continue reading →: Accrued Interest vs. Current Interest: What Small Business Owners Need to KnowCurrent interest is the cost tied to a period. Accrued interest is the amount that has already built up but has not been paid. They can be the same number on some dates. They can also be very different. That difference matters when you close the books, check cash flow,…
-
Continue reading →: Preferred Equity and Who Gets Paid FirstYour cap table shows ownership. Preferred equity decides who gets the first check when the company sells. Preferred equity is ownership with extra rights. Investors use those rights to protect the money they put in. Founders feel the effect later, when a sale does not produce enough cash for every…
-
Continue reading →: Debits and Credits Explained for Small Business OwnersDebits and credits record changes in your business accounts. A debit goes on the left. A credit goes on the right. Whether either one raises or lowers a balance depends on the account. That is why paying rent creates a debit to an expense, while taking out a loan creates…
-
Continue reading →: Term Loan vs Line of Credit for Small BusinessA term loan gives your business one lump sum. A line of credit gives it a reusable borrowing limit. That is the core difference in the term loan vs. line of credit decision. A term loan fits a known, long-term cost. A line of credit fits short-term needs that rise…
-
Continue reading →: LOI vs. Term Sheet – What’s the Big Difference?An LOI (letter of intent) and a term sheet both outline deal terms before the final contracts are written. They are not the same paper. They show up in different deals, at different times, and in different formats. LOI vs. Term Sheet at a Glance An LOI is a letter.…
-
Continue reading →: Most Common Small Businesses in the USThe most common small businesses in the US are professional service firms, transportation businesses, local service shops, construction firms, and real estate businesses. That may surprise anyone picturing a restaurant or store. Those businesses are easy to see. They are not the biggest groups by business count. The United States…