The Federal Reserve raised interest rates this week, including SBA loans. Here is some information to consider with the change: 1. The SBA interest rate increase is small... The 25 basis…

Franchising offers entrepreneurs a popular business model to establish their ventures by leveraging established brands and systems. However, franchise funding is essential to turn the dream of owning a franchise…

At the start of your business, it’ll just been you and maybe a handful of employees running the ship. But as your operations grow bigger, you’ll likely need to bring…

Small businesses are feeling the strain of higher interest rates after the Federal Reserve's decision to raise rates on March 23, 2023. Over the past 12 months, the Fed has…

Sometimes aspiring entrepreneurs pause their plans to start a business if experts predict a recession is looming. They’re worried a brand-new startup won’t survive economic hardships. However, not all businesses…

Writing a business plan is no small task. The process can take months before you nail down a plan worth putting out into the world. You’ve worked on it for…

Business owners often try to time their investments well. Aspiring franchisees might base their buying decisions on the market or industry trends, trying to nail the “right” time to invest.…

Profitability is the lifeblood of any business. Once your company is up and running, you’ll want to become profitable as soon as possible. The faster your revenue exceeds your expenses,…

As a startup business, it can feel like you’re out of touch with what’s happening in your industry. Small business owners can remedy this problem by attending an industry trade…

Budget is one of the most important things to consider if you’re looking to invest in a franchise. Every franchise system has its own franchise fee and startup costs, and…