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Build a Brand When Starting Yo ...

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A small business can grow and become a large brand. It is important to define the brand when building a business. Brands Have Value Coca-Cola is a name known around the world. The company has a familiar logo and distinctive packaging, featuring instantly recognizable cans and bottles. Experts have assessed the value ...

How Much Does the Average Smal ...

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Government data shows that the average business generates about the same amount of revenue as a typical job would pay. Growth Potential Is Unlimited Many people dream of starting their own business as a way of achieving financial success. With their own business, their pay will no longer be limited by the policies of ...

Is a Salary Better Than Owning ...

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The compensation of a business owner includes more than just a salary. It is important to consider that when assessing total compensation. Salary and Benefits Form a Compensation Package Employees are rewarded with more than just a salary. Most compensation packages include a number of tangible benefits that the ...

Business Owners Enjoy More Tha ...

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When reviewing a business opportunity, it is important to consider the intangible benefits in addition to the monetary rewards. Earnings Offer One Set of Rewards When considering the option of owning their own business, many people wonder whether it will allow them to meet their financial needs. While the financial ...

The Most Profitable Business S ...

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Some small businesses have more success than others. Some of the most successful are found in certain industries. One-Person Businesses Can Have Millions in Sales Some small businesses are very small, but their size does not limit their success. In fact, according to data from the U.S. Census Bureau, there were about ...

Use Reliable Data to Set Credi ...

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Setting credit limits requires a detailed knowledge of a customer’s payment history and financial condition. This is not an easy task. Understand the Risks Customers Present Customers are important to a small business, since success would be impossible without sales to customers. However, customers also present a ...

Use Your Financial Statements ...

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Financial statements can be a valuable source of information for business owners, and these statements could help identify important trends. Analyze Financial Statements in Depth Wall Street analysts spend a great deal of time reviewing the financial statements of publicly traded companies in an effort to determine ...

Know What Your Bank Looks for ...

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Loan approval generally depends on passing at least one of these two simple tests that potential lenders may apply to your business. Lenders Look for Low Risk Many lenders will include an assessment of risk in their approval decision process. No measure of risk will be completely accurate. In general, these measures ...

Always Verify the Credit of Yo ...

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Credit scores are used by potential lenders to evaluate your creditworthiness. This idea can also help you identify suitable vendors. Credit Files Contain a Variety of Useful Data Many small-business owners understand that a credit score will help potential lenders evaluate loan applications. Credit files are also ...

Do You Know What a Business Cr ...

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The term credit score could have several different meanings, and a small-business owner should be familiar with the different scores. Different Scores Measure Different Characteristics Consumer credit scores seem to be fairly straightforward. It is a single number that is used by potential lenders to make a decision ...