Every Entrepreneur Needs an Attorney in Their Contracts

If you want to start a business, you need to surround yourself with the right people. One of the first professionals you need on your team is a business planning attorney. A legal advisor can assist you with various aspects of starting up your business. He or she will be able to offer legal advice to avoid problems down the road. It is essential for you to understand the value of hiring a business attorney because this decision can have a big impact on the future of your endeavors. You Should Really Speak with a Lawyer Before You Sign That Starting a business requires a lot of paperwork. Before you sign anything or enter into any type of agreement, you need a business planning attorney to look over the paperwork. FindLaw explains you will need to have a lawyer assist you with everything from choosing your business entity to drawing up contracts. You want legal advice as you register your business and to help ensure you get every permit or license you must have to ope…
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How Do Small Business Loans Work?

The question of “How do small business loans work” is the natural question when deciding on growth possibilities or starting a small business. Maybe you’ve come up with that product that has the market beat. Or, maybe you need a piece of equipment that would tip your business’s growth over the top. Or, maybe outstanding invoices have you in need of funds for operating costs. Whatever it may be, it may be time for a loan. What is a small business loan? So, what is a small business loan? Simply put, a small business loan is any funding option specifically designed for a small business. Are small business loans a good idea? Small business loans are designed specifically for the small business owner. So, minimal requirements, friendly qualifications, and flexible terms make a small business loan a great idea for the growth-minded business owner. What Are The Requirements? Quite often, this is the next question after “How do small business loans work?” Loan types have diffe…
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8 Tips for Securing a Cash Advance When You Have Bad Credit

If you're looking for a cash advance with bad credit, you may be feeling a bit hopeless.

It can seem tough to find lenders who will work with you if your credit score is low. However, there are still options available to you.

In this article, we will discuss eight tips for how to get a cash advance with bad credit. We'll help you understand what a cash advance is, what bad credit is, and where you can go to get cash advance loans with bad credit.

So, don't give up yet. There are still ways for you to get the cash that you need.

What Is a Cash Advance?

A cash advance is a short-term loan that you can use to cover emergency expenses. It's a great option if you need cash quickly. Cash advances are typically unsecured loans, which means that you don't need to put…

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Veterans Guide to SBA Loans – Know Your Options

Veterans looking to launch their own brands should know about the Small Business Administration. President Dwight D. Eisenhower founded this agency in 1953. For decades, it’s helped countless aspiring entrepreneurs get their businesses off the ground, including special guidance for veterans. In this article, you’ll learn everything you need to know about SBA loans for veterans. What Types of SBA Loans are Available for Veterans? While the SBA isn’t the only place providing small business loans for veterans, they still offer lots of great options. The loans listed below assist veterans in different situations. SBA Veterans Advantage 7(a) Loan SBA 7(a) loans are enormously popular, even for those who haven’t served. Veterans Advantage loans can provide you with as much as $350,000 in loans. Plus, veterans who own 51 percent or more of their business receive lowered fees for other SBA loans. To qualify for a Veterans Advantage 7(a) Loan, a veteran must have been honorably d…
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Understanding SBA Loans: What is a 504 Loan?

Many entrepreneurs require a small business loan to get started; however, choosing the right business loan can be intimidating. Fortunately, there are several different avenues of business loans to choose from, including an SBA loan.

What is an SBA loan? What is an SBA 504 loan? How does it work? What is the difference between an SBA 504 loan versus other SBA loan programs?

What is an SBA Loan?

With an SBA loan, the US Small Business Administration partners with lenders to get loans for small businesses. Rather than directly giving money to small business owners, the SBA sets criteria for loans.

The rationale behind using this lending model is that it poses less risk for lenders and lending organizations, which makes small businesses receiving a loan a much more straightforward process. Here are some ot…

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5 Secret Tips for Successful Negotiation in Business

Negotiation is a necessity for any successful business transaction.

Sometimes, the negotiations shape formal affairs with clear objectives. Other times, negotiation in business is a continuous process that develops to suit parties’ business goals.

Strong negotiation skills are essential if you are looking for success as a small or large business. Let us go through the top five secret tips professionals use for a successful negotiation.

Importance of Negotiation for Your Business

Negotiation can elevate your stand on the success ladder, and it’s also an art. Negotiating allows amplification of the value of your work as a business.

However, it does not benefit a single business or person. The negotiation agreements on any cause address important matters or find…

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Why Getting a Business Line of Credit Can Be Better Than Credit Card

When you’re running a business, there are numerous things to think about. One of the most important is how you will finance your various business needs.

While many financing options exist, one of the best is getting a business line of credit. A business line of credit is different from a regular line of credit or a credit card.

In this article, we will discuss the differences when you're choosing between a business line of credit or credit card and why getting a business line of credit might be the better option for you.

Business Line of Credit: What Is It?

You might wonder, what is a line of credit and how does it work? A business line of credit is essentially a business loan. You can think of it as a flexible, short-term loan that you can use whenever you need it.

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How Does a Business Line of Credit Work – Benefits for Small Business

A business line of credit can be a handy tool for small businesses. Not only does it offer you the flexibility to get through financially sticky times, but its borrowing power is much more forgiving than a traditional business loan. In this article, we’ll walk you through everything you need to know about a business line of credit, including the best things it can do for your small business. How a Business Line of Credit Works How does a business line of credit work? Well, a business line of credit is actually more like a credit card than a loan – hence a “line of credit.” Firstly, it’s a revolving loan, meaning you can borrow from and repay the loan as you please, as long as you don’t exceed your credit limit. You’ll also need to pay interest on whatever portion of the loan you’ve borrowed with each payment, just like a credit card. There are two different types of business lines of credit. The first is a secured line of credit, and the second is an unsecured line of cred…
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The Digital Business Card for 2022

Technology has changed professional networking more than ever before, and the digital business card is the way of the future. The digital business card is an easy differentiator and a fantastic way to stand out in a crowded market space. Show prospective clients what you’re about and who you are with a quick customized bio and link to your website. Or, let them know that they can find you on LinkedIn to learn more about how your services could help them. However you choose to use them, digital business cards are a must in 2022, and we’ve selected our favorite – the one you need to get in 2022. What Are Digital Business Cards? Digital business cards are the digital equivalent of the old-school paper business cards people typically stuff in a drawer or their wallet and never look at again. But these digital business cards aren’t just the online version of the paper model. Digital business cards are flexible in that you can include a wide range of information on you…
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Tips To Boost The Online Presence Of Your Business

The necessity of online presence for small businesses cannot be understated. A substantial amount of commercial traffic takes place online, and this is unlikely to change. To understand why an online presence is important, business owners must grasp the concepts of brand visibility and digital marketing.

This article aims to elaborate on why online presence is important and how to achieve it through online marketing, social media, tailoring to a target audience, and more.

The Importance of Boosting Your Online Presence, No Matter Your Industry or Niche

As a small business, growth should be your priority. Increased lead generation, credibility, and website traffic are a few of the benefits of online presence for business.

The internet is one of the most effective channels for growing a consumer base beca…

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5 Things to Consider Before Owning a Gym

Reposted from www.abcfinancial.com

Congratulations, you’ve decided you are ready to become a gym owner. The global fitness and health club industry generates more than $80 billion in annual revenue. However, just because the market is great does not mean you should dive into the industry without proper research and planning.

You need to create a plan to ensure you have the proper certifications, a streamlined process to collect membership dues, know how many employees you’ll need to hire and have an automated way to simplify administrative tasks. Ensuring that you have everything you need to run a successful gym is critical before you make that leap. Below we have outlined 5 things to consider before owning a gym:

Certifications

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How to Create a Sales Culture in your Gym

When a gym commits to creating a sales culture in order to increase sales and profits, there are some fundamental rules that should be the foundation of any successful implementation. Once these rules are established other items can be addressed as the health club moves toward the full adoption of the new sales culture. All staff in your facility must be involved. Any successful gym sales culture needs to include each and every employee from the owner to the lowest paid person. No one can be exempt. Some gym owners think that the idea of a sales culture is a membership sales department function that doesn’t affect other club departments. However, a true sales culture means that everyone takes responsibility for increasing sales by adopting a member and guest-centered attitude in doing their individual jobs. All staffers must have a real stake in the game when it comes to the performance of the gym. No matter how much your staffers hear about a sales culture in your gym …
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So, You Want to Be a Successful Gym Owner?

Let’s start with these simple questions

As with anything that has an upside, there will be risk. You can’t avoid it. However, you can help mitigate this risk with proper planning and preparation and surrounding yourself with industry experts. A place we always like to start by asking ourselves these 2 questions; what am I good at? And where do I struggle? Review the following questions to see where you need some help to improve your business;

· Are you a self-starter? The big failure I see in this area is we become content quickly. We don’t really start to push until the pressure is on. So many gym owners wait and wait, hoping things will change and then it’s too late. I think it was Mark Cuban that said it, “work each day like someone is trying to take it all away from you.

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Why hire a Membership Sales Coach when I already have a Sales Manager in my Gym?

Most health clubs already have a membership sales manager or someone who is in charge of membership sales production in some capacity, so why hire a sales coach for the membership department? Many sales managers are not trained in the subtleties of effective gym sales training nor have they developed the necessary skills and tools to be effective sales leaders. The most common way to hire a gym sales manager is to simply promote your best sales person in the membership department. This logic suggests this person is the most qualified to lead the membership sales team based on their past membership sales achievements. This type of promotion by necessity is common, but not commonly successful. In the process you may even lose your top membership sales performer when their leadership abilities fail to match their sales ability. The key reason being: Great gym sales people don’t often make great gym sales managers.

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Why Use a Health Club Consultant, Coach or Mentor

Why Use a Health Club Consultant, Coach or Mentor?

Isolation

Directors of health clubs and owners in particular, may be gregarious and confident, but they can also be very isolated. There are not many people to whom they can turn for help, often no one in their own organization. Uncertainty about trust and confidentiality, personal competition and the slipperiness of the business ladder often make it hard for an Owner or Director or Manager to turn to a colleague about issues that may put into question their performance or tenure.

A Fresh Mind

Perhaps even more common, however, is simply the wish to consult a fresh mind, someone who brings no investment or position of his own, an outsider who is not involved with the orga…

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