Your Money

Creative Finance
Don't fall into the trap of thinking the economy dictates whether you turn to a bank or to investors to line up financing. Here's how to find out which type of capital is right for you.

The Health Care Maze

Key Issues Where Bipartisan Health Care Deal Is Possible

by Bruce Phillips Thursday Mar 4, 2010

One week after the health care summit of the week and what do we have? Stalemate. This is just as I predicted in a previous post, "Why Obama's Health Care Push Is DOA."

Creative Finance

What's Best for Your Business: Debt or Equity?

by Gary Honig Sunday Feb 28, 2010

Deciding whether to go after debt capital or an equity investment usually has less to do with the current economic climate than it does with the company's business model. What is happening in the economy only means a stronger position is needed when going after these types of capital.

Creative Finance

Some Myths About 'Factoring' as a Financing Tool

by Gary Honig Thursday Feb 25, 2010

Often I hear about the perception by business owners who have never used invoice factoring that accounts receivable financing will somehow have a negative reflection on their business (to find out more about how factoring can help businesses, read "When Credit Is Tight, 'Factoring' Can Help." Unfortunately, this is a misconception based on having never utilized receivables financing.

Must See Video

How to Calculate Your Start-Up Costs

by SBTV Tuesday Feb 23, 2010

One of the biggest challenges entrepreneurs face when starting a new business is accurately predicting how much money you will need. In this online video from Bizmore partner SBTV.com, you'll learn how to create a budget that will work for you.

Creative Finance

Beware the Independent Contractor Trap

by Gary Honig Tuesday Feb 23, 2010

You may not have noticed in the news, but the use of independent contractors by companies looking to lower labor costs is becoming a hot item. This is where a company foregoes payroll tax payments and just hopes the non-employee will pay his own way.

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How to Create a 'Cash Is King' Culture

by Wayne Edwards Friday Feb 19, 2010

Many small and middle-market companies are looking to outside investors to fuel their growth. But according to management expert Wayne Edwards, those that do a poor job of managing their cash flow will turn away investors who might otherwise open their checkbooks.

Bizmore Beat

Question of the Day: Can Medical Tourism Cure Your Health Care Woes?

by Dustin Mitchell Tuesday Feb 16, 2010

Nelson Davis, a Hollywood, Calif.-based small business owner, is facing a common dilemma. Health care premiums have risen so quickly it's reached the point where Davis has a choice: does he limit health care coverage for his employees, or eliminate it entirely? Or are there other options available to business owners?

The Health Care Maze

Are Mergers to Blame for Soaring Health Care Costs?

by Bruce Phillips Tuesday Feb 9, 2010

Luckily for small business owners, a sweeping federal law may not be the only way to slow the rise in health care costs for small businesses. The Federal Trade Commission is looking into allegations that one of the country's biggest prescription drug managers, CVS Caremark, illegally increased prices for medication. If nothing else, the investigation could help check rising drug prices which, of course, is great news for small business owners facing skyrocketing premiums.

Creative Finance

When Credit is Tight, 'Factoring' Can Help

by Gary Honig Monday Feb 8, 2010

There are many types of commercial financing available to business owners. The most notable would be a term loan or line of credit from an institutional bank. But due to current economic conditions, banks may be unable to provide financing to certain businesses. Luckily, business owners are turning to an alternative for working capital called “factoring.”

The Health Care Maze

Health Care Reform: Too Little, Too Slow

by Bruce Phillips Monday Feb 8, 2010

Where does President Obama's call for a bipartisan meeting to jump-start stalled health care legislation leave small business owners? Still twisting in the wind.

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