During economic depressions, people love to shop at consignment stores and thrift shops. It is simple because they want to save money, but there are some things you just don't know. The following is a look at what you should know if you are going to sell your items to a thrift store, or try to sell them through a consignment shop.Continue reading "Consignment stores and thrift shops during depression"
As the country continues to struggle and fight a recession, business owners have a great opportunity to grow their business. Smart business owners can increase their market share by using factoring or obtaining proper business financing. Finding business financing during a recession is difficult because lenders do not have the money to lend and many of them have been hurt with high-risk lenders that defaulted on their loans. Factoring is one of the best business financing options during a recession and it can help your business expand.
If you have bad credit, many lenders are not going to be very willing to take a chance with lending your money, even if it is to get a business up and running. The reason for this is that people who have bad credit are more likely to default on their loans than people with good credit are, so it is a bigger risk than most lenders want to take. Even if you have bad credit you can still get financing for your business, you are just going to have to go about it in a different way.
Here are some tips that you can follow to help fund your business, even if you have bad credit.Continue reading "Funding a business with bad credit"
No matter what, it's difficult to make a successful run at owning a small business. People will always be prone to simply visit larger chain stores, and small business owners simply don't have the money to advertise as widely as larger stores, or the money to be able to mark down prices as considerably as larger chain box stores can. However, there are some better economic climates for small businesses than others. Specific elements can actually make one state better for a small business to settle in than another state; the economic climate can vary widely from state to state based on a number of different factors.
Some of the most important factors that help determine whether or not an economic climate is most agreeable for a small business are as follows:
- property taxes
- business taxes
- capital gains taxes
- taxes on corporate income
- health care regulations
- crime rates
- extent of government regulation of small businesses