Startup business loans can be difficult to get because lenders know that newer companies have a high failure rate. If you have less than two years’ time in business, most lenders will classify you as a startup. The good news, however, is that different types of startup funding options are available if you’re a new…
Ultimate Guide
POS Data Analysis: What It Is & How It Drives Growth
While your point-of-sale (POS) system helps you manage multiple aspects of your business—everything from inventory and product management to marketing and staff optimization—it also gathers a ton of valuable information in the process. If you take the time to look at this POS data and analyze it to spot trends and patterns, you’ll find many…
Landlord-Tenant Laws by State: A Complete Landlord’s Guide
Landlords entering into lease agreements with tenants need to understand landlord-tenant laws. These laws lay down the groundwork for the landlord-tenant relationship and oversee crucial aspects of the process, such as lease terms, security deposits, and eviction procedures. We’ll break down these laws, state by state, providing a clear roadmap for landlords to ensure compliance…
How Much Does It Cost to Flip a House? Factors + Free Worksheet
The average cost of flipping a house varies depending on the property location, type, and degree of the required renovations, but the total house flipping budget is usually around 10% of the purchase price. To get the most accurate estimations, you’ll need the sum of the four main costs of flipping a house, which include…
Rental Market Analysis (RMA): A Complete Guide for Investors
By performing a rental market analysis (RMA), investors gain valuable insights into a property’s income potential. An RMA involves in-depth research on comparable rental properties—scrutinizing local amenities and calculating formulas that include average rental rates. This meticulous examination of data reveals whether a property is likely to generate positive or negative cash flow and aids…
Painters Insurance: Cost & Coverage
Painters insurance is one or several policies you purchase to protect your business from the financial loss that can result from a claim. The two most common types of painters insurance are general liability, which protects your business against claims that your operations caused harm or damage to a third party, and inland marine, which…
Extending Credit: A Primer for Small Business Sellers
Extending credit to customers allows them to purchase goods and services and pay for them later on. Offering credit is often a win-win for both merchants and buyers and having a formal credit policy is among the most important best practices for managing accounts receivable. To establish an effective credit policy, it’s important to communicate…
Menu Development Planning & Design: Expert Guide
Menu development is the practice of creating, testing, and refining a list of dishes or beverages that you plan to serve in a restaurant or other food business. The menu development process includes several phases, including research and development, testing, costing, and operational feasibility. Menu development is related to menu design; once your menu is…