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Everything You Need to Know About Your Small Business Credit Score

If you’re in the process of applying for a small business loan, something called “the SBSS score” has probably popped up in literature about credit screenings. So what is it?

The FICO SBSS score (Small Business Scoring Service), simply put, is a credit score that, in addition to your personal FICO score, determines the risk of U.S. small business credit applicants. While the scoring system has been around since 1993, it only recently gained popularity when the Small Business Administration (SBA) started requiring it for their 7(a) loan application pre-screening. How does it work? Let’s look in depth. (more…)

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How Applied Psychology Can Improve Your Small Business

Many aspects of modern business administration and management come from the world of applied psychology. Here are four examples of applied psychology principles incorporated into modern business.

1. Employee Engagement

A small business is highly dependent on the performance of its employees. If staff members feel unmotivated or disengaged from the company, productivity and quality of work will suffer. In this situation, an expert who has earned a degree from in-campus or online applied psychology schools can come up with a strategy for greater employee engagement; this strategy can not only help to improve the workplace, but also improve employee morale and job performance. (more…)

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Steps for Improving Your Analytical Skills in Business

All companies undergo changes, and you should always strive to improve your own analytical skills so when changes occur in your field or industry, you won’t get left behind. There are several ways you can improve your business acumen in the office. You can get further education through seminars or take on more challenging tasks. When you combine these tips with online courses in MPA degree programs, you will boost your confidence and improve your analytical skills. (more…)

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What you Need to Know About Small Business Loans

As a small business owner, you’ve grown used to learning as you go. You had to learn how to manage your accounting, how to address licensing and permitting issues for your industry, how to market your business. The same is true when applying for your first small business loan—a process riddled with unexpected requirements and fine print that will bring an entirely new set of lessons to be learned.

Before accepting your first small business loan, get ahead of the learning curve by asking these six important questions. (more…)

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10 Tips For Redesigning your Marketing Calendar

In this post we’ll be talking about some tips that can help in making an efficient and effective marketing calendar for marketing executives.

  1. Build a productive strategic goal

In marketing, strategy framing is the most fundamental job in every organization. A well-built strategy with a particular goal helps to enhance the work and deliver productive results. There can be different types of strategies adopted by an organization. The purpose of strategy building is just to execute something new in the market with proper planning and orientation. A marketing campaign always demands a structured strategy for a better end result. A calendar helps to make a proper schedule of the strategy and also keeps a record for future reference. Behind the success of every marketing strategy, a marketing calendar plays a very important and dominating role. (more…)

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Personal Touch: How to Give Your Customers a Little Extra Attention

The businesses that succeed most are the businesses that add special elements to their customers’ service. The grocery store chain Publix doesn’t succeed because its food is any better than anyone else’s. It succeeds because of its “above and beyond” customer service. The same rings true for companies like Chick-Fil-A and Amazon. They don’t necessarily have the best products, but their customer service is over the top. You can give your customers a little extra attention as well by following a few simple tips. (more…)

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7 Profitable Businesses You Can Start for Under $100 (2017 Edition)

It’s often said that it “takes money to make money” and while this may be true in some circumstances, there are plenty of hustles that don’t require a big down investment. Assuming you have a business license and a basic at-home setup that will likely include a computer, internet access, and a phone—here are seven businesses you can start for under $100 in 2017.  (more…)

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A Lesson From American History in How to Make Your Small Business A Success Story

Perhaps you’ve heard the old saying that failing to plan is the same as planning to fail.

It’s commonly attributed to Benjamin Franklin, the 18th century inventor and politician whose belief in the value of preparation was strong enough that he once made a list of more than a dozen or so character traits on which he planned to structure his life.

Franklin’s preparation paid off. Today, he’s remembered not only for signing the Declaration of Independence but for researching electricity, serving as the U.S. ambassador to France and founding the University of Pennsylvania. (more…)

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Your Timeline to Successfully Starting a Business

When you make the choice to jump into small business ownership, it can be tempting to try to get your new venture up and running as soon as possible. But just like the choice to start a business should be carefully considered, there are certain steps in the business timeline that require a thoughtful approach long before you open your doors. Whether your dream is to start a frozen yogurt franchise or a green construction start-up, here’s a step-by-step timeline of how to take your idea from a hazy concept to a thriving business. (more…)

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