When customers don't pay, it can bring a business' operations to a grinding halt. But how should business owners handle their previously loyal customers who are now facing financial hardship- especially when the business is small and the customers are local? Collecting on those nagging, outstanding debts from customers who cannot or will not pay ... Read more...
Each year, countless small business owners in need of business financing turn to the closest source at hand- their own personal assets. While these assets may be easily accessible, there is a significant amount of risk involved. Those who are unable to to pay back the amount they invested into their businesses can suddenly find their ... Read more...
Payday loans hold undeniable allure. The cash arrives immediately, without a credit check, and the loans can be repaid as soon as the next payday rolls around. But the ugly truth is that payday loans are traps laying in wait for those who are desperate for cash. What Exactly are Payday Loans? Payday loans are ... Read more...
Inevitably at some point, even the most frugal of business owners will find themselves having to borrow money to fund their business' operations or growth. When it comes to business finance, especially via "traditional" sources, such as bank lenders, creating and maintaining a strong business credit profile is a must. For that reason it is ... Read more...
Industry, perseverance, and frugality make fortune yield. -Benjamin Franklin Since this is my first post here at The Frugal Entrepreneur, I figure I should start things out by defining just what is a "frugal entrepreneur." Frugal –adjective Economical in use or expenditure; prudently saving or sparing; not wasteful: a frugal manager. Entrepreneur –noun A person ... Read more...