A hard money loan is mortgage financing for businesses that are unable to secure other types of traditional financing due to poor credit or properties in disrepair. Due to high interest rates and high fees, this is usually considered last-resort mortgage financing. Hard money loans are short-term financing, with a maximum term of fewer than…
Ultimate Guide
What Is a Section 1031 Exchange, and How Does It Work?
A 1031 exchange allows an investor or business owner to sell a commercial property, acquire another, and defer capital gains taxes in the process. The name refers to section 1031 of the United States tax code. When a property is sold for cash, the net proceeds incur a capital gains tax. However, if the investor…
Sales Performance Management: How to Get the Most Out of Your Team
Sales performance management (SPM) is the combination of processes and practices used to improve sales performance in order to increase revenues. Typically, it includes hitting individual sales quotas, organizational sales goals, and maximizing efficiency throughout the sales process. This article explores the best practices, helpful software tools, and provides an SPM example to maximize your…
Inventory Aging Report and Why It Matters
An inventory aging report, also called an aged inventory report or stock aging report, provides key metrics on how quickly your inventory moves. It’s essentially a list of the items on hand grouped by the length of time in inventory. An essential task of a bookkeeper is to identify slow-moving or obsolete inventory that needs…
Pros and Cons of an LLC
A limited liability company, or LLC, is a common business structure among startups and small businesses. In this case, the business is owned by its members. The business structure mainly affects legal liability and taxation, but in many ways, it can influence the very core of the business model and its daily operations. The main…
How to Make Money Blogging: The True Ultimate Guide
If you search the internet for “how to make money blogging,” you’ll no doubt find a lot of advice. Sadly, much of what you’ll learn from well-intentioned gurus is incomplete—or inaccurate—and will at best guide you down the path to mediocrity. At worst, that advice could lead to dismal results. To create a profitable blog,…
FedEx Routes for Sale: The Ultimate Guide
Much of FedEx’s success is due to the over 12,000 independent business owners who own the routes and deliver and pick up packages, keeping the FedEx machine running smoothly. These entrepreneurs hire and train delivery personnel, purchase and maintain vehicles and other equipment, and oversee the day-to-day operations on their route. Where to Find FedEx…
TSA PreCheck: What It Is, How to Apply, and Benefits
TSA PreCheck is a government program that gives low-risk travelers access to expedited Transportation Security Administration (TSA) security lines at more than 200 airports in the United States. You’ll pay a nonrefundable $85 TSA Precheck application fee ($100 for foreign residents), which is due every five years for renewal of your membership. TSA PreCheck can…