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crowdspring Blog: How to Start a Business: The Definitive Step-by-Step Guide (2020)

Email sent: Jul 11, 2020 12:00pm
Here's the latest from the award-winning crowdspring business marketing blog...
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How to Start a Business: The Definitive Step-by-Step Guide (2020)

By Ross Kimbarovsky
New businesses that survive and thrive have an unfair advantage. If you want an unfair advantage, read this definitive guide on how to start a business.
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Top Business Financing Options for Small Businesses

By Katie Lundin
More than 60% of small businesses struggle with cash flow issues. As a result, nearly a third of all small business owners struggle to pay vendors, employees, or themselves. When unexpected and uncontrollable set-backs like recessions, pandemics, or natural disasters occur, the need for a cash flow safety net becomes even more critical. In fact, cash flow issues and running out of cash are two of the top reasons small businesses fail. Don’t let this happen to you. There are many resources available to help small business owners with business finances. And, small business loans are just the tip of the iceberg. So, whether you’re just starting a business or growing an existing business, let’s look at your options for small business financing. After all, your business plan will need to include ways you plan to finance your business. 1. Business loans Let’s start with the financing option everyone already knows – the small business loan. A business loan means borrowing money from a bank or other lender and then paying that money back over time with interest. But, what you may not know is that business loans come in many varieties. There are general business loans like SBA (Small Business Administration) loans, micro-loans, short term loans, term loans, business term loans, and merchant cash advances. Then there are the ultra-specific loans like equipment financing, PPP (Paycheck Protection Program) loans, accounts receivable financing, and commercial mortgages. Loans are available with short repayment terms and long repayment terms, for very large amounts and very small amounts. Some have very specific parameters for how they can be used, while other loans are jacks of all trades that can be applied to any financial need for your business. The point is that the humble old business loan is a very diverse tool and can help many different types of small businesses. And, you’ll want to take the time to research the loan terms, the loan company, and the application process before determining if any loan is a good fit for your business’s needs. Remember that banks will check your personal credit score for a business loan, so make sure the credit score is sufficiently high to qualify for a business loan. And, with so many options, there’s a good chance that you’ll find a loan that can help. If you’re wondering how to get a small business loan, or which are the best small business loans, check out this article. And, you can research SBA loans here. 2. Business grants Business grants are similar to loans in that an organization gives you money to use toward your business. But, grants have a distinct advantage over loans as a financing option – you are not required to pay them back. Aside from the time invested in finding the grant and writing the grant proposal or application, grants are free money you can use for your business. And, according to the experts at Finimpact, Typically, they are granted to people in disadvantaged areas or from..
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6 Businesses You Can Start For Less Than $1,000

By Ashlee Brayfield
Start your business today for less than $1,000. Check out these 6 terrific business ideas you can start quickly and run from your home.
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The 18 Best Small Business Marketing Blogs You Should Read in 2020

By Katie Lundin
Wouldn't it be great to cut to the chase and go straight to the best resources for great new small business marketing ideas? We've got your back. Here, in no particular order, are the top 16 small business marketing blogs you should read in 2019.
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3 Important Strategies for Increasing Brand Awareness and Recognition using Social Media

By Katie Lundin
Brand awareness and recognition are critically important if you want to grow your business.Today, the best strategy for most businesses to create brand awareness and recognition is to build an online presence and leverage social media. We look at 3 strategies that will help you do this with your business.
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How to Start an eCommerce Business: A Step-by-Step Guide To Take Your Business Online (2020)

By Katie Lundin
No matter what your business is, or the stage in its growth, you can't afford to deny your business the revenue that creating an online presence can provide.So let's take a look at exactly what you need to do to get started.
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