Getting financing to purchase a franchise back in the 90′s was as simple as a quick view of the franchisee’s credit score with several options for lenders. If the franchisee had good credit and a little skin in the game they would get funded. These days times have changed. Although there is still 80% – [...]

If you’re getting into the business of flipping websites, you need to make sure that you have adequate server space to accommodate all of your acquisitions. Most often, this will mean purchasing a dedicated server, which is pretty complicated to run and which requires a bit of programming skill to understand. You may be able [...]

Avoid illegal scams, con-artists and fraudulent strategies provided by so-called “Business Credit Companies”. Here are a few of these that you should avoid. 1.“I’ll report a line of credit on your business to the credit bureaus.” There are those that think they can report a trade line to a business credit bureau or use a [...]

There is plenty of information online about how to obtain financing, but the reality is that financing requirements and programs available are changing almost daily.  Information you read last year is not up to date and in some cases no longer helpful. Due to the plethora of outdated information, along with the recent questions I’ve [...]

For the first few years of operating my business, my philosophy was to take care of my employees first, no matter what. I can tell you now – that’s not the way I think anymore. In October of 2003 I received a phone call from a local casino asking if I had given permission for [...]

At some point we’ve all heard the phrase “multiple streams of income.” The idea is to make sure you don’t rely on just one source of income. In other words, the more diversified we are, the more likely we are to succeed and get through any hard times. Here’s an example of the value of [...]