I’ll walk you through the process of getting a loan to pay off credit card debts, from considering your current credit card debt obligations and comparing lenders to applying for financing, signing the lender’s agreement, and obtaining the funds. By using a business loan to pay off credit card debt, you can optimize your cash…
How To
How to Consolidate Business Debt
I’ll walk you through how to consolidate business debt and help you understand the nuances involved in the process—from determining the total amount needed to pay off existing loans and finding a lender, to applying for a loan and ensuring proper payoff of your old accounts. Business debt consolidation can provide multiple benefits, such as…
Peer-to-Peer Lending: How It Works & Its Benefits
Peer-to-peer lending, or P2P lending for short, is a way for borrowers to get loans from other individuals, rather than a bank or other traditional lending institution. It’s often used by borrowers who either are unable to qualify for a traditional bank loan or cannot secure the type of financing they’re looking for. Due to…
How to Start a Consignment Shop in 9 Steps
To start a consignment shop, as with any business, you’ll need a prime storefront and a strategy for acquiring customers and merchandise. It involves choosing a niche, establishing a budget and business plan, finding merchandise and laying out your store, advertising, staffing up, and, finally, opening to the public. Here’s how to start a consignment…
Can I Open a Business Bank Account Without an EIN?
If your business is organized as a sole proprietorship or a single-member LLC, it’s technically possible to open a business bank account without an EIN, also known as a Federal Tax ID, but it’s not advisable. Even if your business structure doesn’t require an EIN to open a bank account, there are vital reasons to…
How to Close a Business Checking Account in 8 Steps [+ Free Checklist]
If you have a business checking account you aren’t using regularly or are dissatisfied with your current bank, it may be time to close your account. This will help you avoid dormant account fees. In this guide, I’ll outline the process of how to close a business checking account effectively. This will ensure minimal impact…
Personnel File: Documents to Include (+ Free Checklists)
A personnel file is a paper or electronic folder kept for each employee—new, existing, and past—that contains HR and payroll documents. The documents within an employee personnel file should cover the entire employment lifecycle, from offer letters and W-4 forms to performance reviews and termination paperwork. Download our free checklists to help you keep track…
How to Write an AP Style Press Release (+ Free Template)
Writing an AP style press release is your best guarantee of securing coverage from the media for your story. This is because the Associated Press (AP) style has been the most established standard for all things journalistic writing for nearly 200 years (trust me, I studied journalism in school). Keep reading to learn the basics…