What do you need to do to start a business? There are dozens of websites that have checklists to remind you of the many tasks you should perform when starting a business.
Supporting women-owned businesses makes all those dreams a reality for the owner and the community in which they serve, especially when considering the many obstacles women face in the workforce, like access to affordable child care and fair access to capital.
Small companies face an uphill battle – buyers leverage long-payment terms on invoices and banks are often unable to give businesses the access to the funds they need. Large companies are demanding longer payment terms than ever before.
With a secured loan, the collateral that you submit is also at risk. However, unlike your reputation, profits, and credit history, you have choices when it comes to choosing the type of collateral you’re willing to risk.
As you navigate business financing, it may be tempting to use your personal finances to help out when your business needs a boost, but that is not always the best solution in the long run.