Posts tagged: finance
Why We Use BlueVine for Business Banking
Most new businesses open accounts at a big retail bank because it is familiar. The interest is near zero and the wire fees are real. What we found when we looked for something better.
What a Business Line of Credit Is Actually For
A business line of credit is a revolving facility, not a loan. Most new business owners who get one either don't use it or use it wrong. What it's designed for and what it costs.
Getting Your First Business Loan From a Bank (Not the SBA)
SBA loans are frequently recommended to new businesses. What makes them worth recommending also makes them slow. What a conventional business loan from a community bank actually involves.
QuickBooks vs. Wave: The Accounting Decision for a Company Without a CFO
Wave is free and works. QuickBooks is not free and handles considerably more. When each is the right choice and the specific point where we outgrew Wave.
Getting a Business Credit Card When You Have No Revenue
The advice to separate business and personal finances from day one is correct. What it skips is how hard that actually is when your business has no credit history and no revenue.
Bookkeeping vs. Accounting: The Distinction That Costs You When You Miss It
Bookkeeping is recording what happened. Accounting is interpreting what it means. New businesses routinely get one and expect the other. What falls through the gap.
The Company That Never Recovered from Its First Slow Quarter
A company with no reserve, no line of credit, and operations running close to the cash ceiling can survive almost anything except a slow quarter. The slow quarter comes.
Friends and Family Rounds: What You're Actually Asking Them to Sign
A friends and family round feels like borrowing money from people who trust you. It is also a financial and legal transaction that most participants don't fully understand at the time.
Quarterly Estimated Taxes: The Mistake That Compounds
The IRS expects you to pay taxes on income as it's earned. Most first-year business owners miss at least one quarter. The mistake is not catastrophic, but it compounds in ways worth understanding.
Revenue-Based Financing: What the Percentage Costs You
Revenue-based financing doesn't require equity dilution. It requires something else: a percentage of your revenue until a fixed multiple is repaid. What that looks like as an actual cost.