Choosing the right self-employed retirement plans depends on your income, business structure, and savings goals. As a self-employed individual, you have several options, each with unique benefits, such as high contribution limits, tax advantages, or flexibility. Below, we break down the key features of different retirement options for self-employed individuals to help you determine which…
Ultimate Guide
9 Retail Store Layouts & Tips for Designing Your Floor Plan
A well-planned retail store layout is key to maximizing revenue. The right design guides customers to high-priority products, encourages impulse buys, optimizes traffic flow, and enhances the shopping experience. Large or small, most retail stores use one of nine basic types of retail store layouts: grid, loop, spine, boutique, herringbone, diagonal, forced-path, angular, or free-flow….
CDFI Loans for Small Businesses: How They Work & Where To Find Them
A Community Development Financial Institution (CDFI) loan is a type of financing offered by mission-driven lenders that focus on supporting underserved communities and small businesses. These loans provide flexible terms, lower interest rates, and easier qualification requirements than traditional bank loans. A CDFI loan is designed for small businesses and entrepreneurs who need funding but might…
30 Professional Voicemail Greetings for Better Impact + Free Templates
Professional voicemail greetings elevate the call experience by encouraging customers to engage with your business even when no one is available to answer. An effective greeting consists of five key elements: a warm welcome, your company name or personal name, a prompt to explain the reason for the call, operating hours, and a clear call…
16 Venture Capital Advantages & Disadvantages Explained
Before pursuing venture capital (VC) funding for your business, you should consider the various pros and cons and how they may be applicable to your company. We’ve compiled a list of venture capital advantages and disadvantages for your consideration. What is venture capital? Venture capital is a way to raise money for your business. Funds…
SBA 7(a) Loans: Rates, Requirements & Terms
Small Business Administration (SBA) 7(a) loans are the most common type of loan offered by the SBA. These are government-backed loans issued through participating lenders designated by the SBA. Loan proceeds can be used for various business purposes, including purchasing equipment, inventory, real estate, and other working capital needs. You can choose from different types…
Default Rate: Definition, Causes & Formula
The default rate is a calculation that includes all loans issued by a lender that have been written off as unpaid by the borrower and are officially in default. Loans typically go into default after an extended period of missed payments, and they are considered to be in violation of the terms of the loan…
SBA Loans: Types, Rates & Requirements
The Small Business Administration (SBA) is a government agency that has a mission of supporting small business owners, whether it is helping them recover, open up shop, or expand. Through its SBA loan programs, it insures many loans offered through private lenders, something that allows SBA loans to have competitive rates due to the reduced…