Blog for Business Buyers and Sellers

empty walletIt's never easy to start a business, but it is especially hard when you lack resources or a great credit score. But does that mean you have to give up your dream? The experts say no; you just have to work a little smarter.

Entrepreneurs: How to Find Venture Capital

Sunday, 25 August 2013 Andy Anderson

venture capitalWhat is one of the biggest deterrents to starting a business? Most would-be entrepreneurs will say it in just one word: capital. Sure, capital can be the catalyst for a new business launch, but the lack of it can keep a great idea from being realized. There are plenty of "big-concept" entrepreneurs who want to raise money for startup and expansion but they don't know where to find venture capital funds. According to a recent article in Entrepreneur, "A Quick Guide to Finding a Venture Capital Match," most first-time fundraisers mistakenly pursue a short list of funds, or even one fund. Your chances of getting fully capitalized will increase dramatically by approaching a long list of funding sources.

Part Two – Tax Deductions for Your Small Business

Tuesday, 13 August 2013 Andy Anderson

tax deductionsAs a small business owner, you probably fall into one of two camps: either you enjoy the process of tax preparation or you loathe the very thought of it. Surprisingly, some of the least financially-oriented business owners have no problem grasping the complexities of tax season; while the market-savvy numbers whiz would prefer to abolish the IRS. Like everything in life, successful tax preparation is all about your attitude. This means if you go into it expecting the worst that is exactly what you'll get.

business tax deductionIt's quite simple; the more tax deductions your business can legally take, the less tax you will have to pay. That's because the amount of your profit will be lower. In addition to avoiding large tax bills at the end of the year, some of the available tax code provisions will also improve your quality of life. For example, you could have a nicer car to drive at a very small cost, or the ability to combine a business trip with a vacation. But like anything tax-related, you will need to pay close attention to the IRS rule about what is – and what is not – tax deductible.

How to Establish Credit for Your Small Business

Saturday, 13 July 2013 Andy Anderson

business creditIt may seem simple enough at first: write a business plan, find some investors, get a business loan and hang a shingle. While that may seem like the path to success, trying to navigate the world of credit and lending might feel like a vicious circle. As many new business owners soon find out, traditional lenders are often reluctant to loosen their purse strings until a business has a strong, proven credit history. But how can your business develop a record when no one will help you get started?

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