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Small Business Owners

How to Fund Your Summer Side Hustle

Somewhere in the nebulous realm of part-time jobs and freelance gigs lies the side hustle, a general name for money-making projects you complete in your spare time.   A quick web search can give you literally hundreds of side hustle ideas, from the simple and quick — like taking paid online surveys — to those requiring a little more time and energy, such as becoming an Amazon seller.   But …Read More

Survey Finds Small Businesses Have Major Growth and Increased Hiring Plans

Expansion is on the agenda for small business owners (SBOs) in 2018, with more than half anticipating revenue growth and 22 percent planning to hire staff, according to the 2018 Small Business Survey conducted by TD Bank, America’s Most Convenient Bank®. Last year, 46 percent of business owners expected to increase revenue and just 9 percent had plans to hire.   To help fuel this growth, credit needs also significantly increased …Read More

Join Our #SmallBizMoney Twitter Party on Monday, July 16th at 3pm ET for a Chance to Win Prizes!

Follow #SmallBizMoney as we discuss How to Plan and Budget During the Slow Months for Small Business Owners!  We will be joined by @JayDesMarteau of @TDNews_US! Make plans to join our #SmallBizMoney Twitter Chat on Monday, July 16th at 3pm EDT as we discuss Small Business Owner Tips, Tools, and Resources for Budgeting for the Slow Months! There will be 2 chances to win an Amazon gift card!  1-$50 Amazon gift …Read More

Baker’s Dozen of Affordable Marketing Tools and Tips for Small Business Owners

So you’ve got a small business? Great, but do you know how to bring in more business on a tight budget?   Start with the Basics: Take a close look at your website. Would you buy from your website? If you need an updated logo, you can get a logo created fairly economically by finding a designer on Fiverr. Check their credibility by reading the reviews. Make sure all the landing pages …Read More

Ask an Expert: Should I take out a startup loan for my small business idea?

Q. Should I take out a startup loan for my small business idea? Dear Reader, The prospect of starting your own business and growing your ideas must be very exciting. And the most difficult part is getting the capital to get it going, especially if your business is just starting out. Taking out a loan to grow your business has its pros and cons, but the ultimate decision depends on the …Read More

The Truth About Business Credit Cards

It’s no secret that when you are starting a small business, your personal and business finances quickly become intertwined. One area of common confusion is business credit cards. How are they different? Do they have the same protections? How will they affect your personal credit? How do you choose one? In this blog post, we explore these questions and more so you can make an informed decision for your small …Read More

Financing Your Business? Consider an SBA Loan

  By Tom Pretty, Head of SBA Lending Small business is the backbone of the U.S. economy, with nearly 29 million operating around the country, according to the U.S. Small Business Administration (SBA) Office of Advocacy. For these enterprises, securing funding can impact their ability to operate and grow, yet most small business owners do not fully understand all of the types of credit available to their business. When choosing …Read More

Retirement Planning for Small Business Owners

Small business owners are in a unique position when it comes to planning for retirement because, as their own boss, they will not have a 401(k) or pension option from an employer planning retirement on their behalf. With a number of different plan options (the SEP IRA, the Self-Employed 401(k), Simple IRA, the Simple 401(k), and the Roth IRA, to name a few), deciding on one takes patience and sometimes, …Read More

5 Steps to Prepare for Getting a Small Business Loan

Step 1: Review Credit Pull and review your credit report from all three credit reporting agencies (Transunion, Experian, and Equifax). It’s free at AnnualCreditReport.com, but in order to get your FICO score you’ll have to pay a small fee. First, determine if there are any errors and get them fixed promptly. It’s important to take care of any bad debt, like collection debt, immediately. If you paid the debt, but it’s still …Read More

Top Hidden Costs of Running a Business

Owning a business comes with an endless stream of expenses such as inventory and office rent. But operating a company may also include items you never considered as potential or necessary costs. Although 80 percent of small business owners in TD Bank’s 2017 Small Business Month Survey expressed confidence in managing their businesses’ finances, these hidden costs can add up and put a dent in income if not properly managed. …Read More