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…
Ultimate Guide
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…
What a CD Ladder Is & How It Can Benefit Your Business
A business certificate of deposit (CD) ladder is a financial strategy that involves investing in multiple CDs of varying lengths at staggered maturity dates. Opening a CD ladder benefits your business by ensuring that you earn the maximum interest return on your business reserve funds while keeping some of those funds regularly available to cover…
Foreclosure & REO Listings: Differences & How to Get Them
Foreclosure and real estate-owned (REO) properties mean owners are in unfortunate financial situations and can no longer afford their properties. This presents an opportunity for real estate agents to get new listings, help people in need, and improve their community by finding the right buyer or investor. To learn how to get foreclosure listings, you…
Are Service Dogs Allowed in Restaurants?
Service animals and service dogs in restaurants can be tricky situations. These are the laws you need to follow.
The first time you encounter a service dog or a service animal in your restaurant, your initial reaction is probably “that’s against health code.” You’re not wrong, but when it comes to service dogs, you also need to consider the Americans with Disabilities Act (ADA). Health code and the ADA sometimes come into conflict regarding…
What Is Invoice Factoring & How Does It Work?
Invoice factoring is a type of business financing that allows a company to receive advances on unpaid invoices. Those unpaid invoices are assigned to a factoring company, which then offers your business an advance of approximately 80% of the invoice upfront. The customer repays the factoring company. Once the invoice is satisfied, the remainder of…