The Source

Small Business

Financing & Business Loans for Doctors

4 minute read

February 22, 2023

Doctors who are also entrepreneurs have the desire to help people and run medical businesses that can impact patients in positive ways. Whether it’s an urgent care, a surgery center, a private practice, or a...

Small Business Market Research for New Customers

6 minute read

February 14, 2023

Small business market research is essential for identifying customer preferences, market trends, and potential business opportunities. By understanding their market and customers better, small businesses can make more informed decisions about product development and marketing...

Business Partnerships & Why They’re Important

4 minute read

February 8, 2023

Business partnerships and collaborations have always been an essential part of modern business operations because of the real benefits they provide. The value of partnerships are that they allow businesses to access resources and expertise...

Why Do Small Businesses Fail? The Most Common Reasons

8 minute read

January 31, 2023

The failure rate for small businesses is alarmingly high. According to the Small Business Administration, about 50% of all new businesses will go out of business within the first five years. If you're thinking about...

When to Hire in Small Business: Signs to Look For

7 minute read

January 24, 2023

One of the smartest moves you can make to grow your business and increase your revenue is to hire new employees. The hard part is deciding when to hire in small business. Fortunately, there are...

Average Small Business Revenue: What To Know

5 minute read

January 11, 2023

The beauty of becoming a small business owner is that you are not limited in how much you can earn like you are when you work a 9-5 job. While you might expect 1-3% raises...

What Is a Reasonable Profit Margin for Small Business?

5 minute read

January 6, 2023

For many small businesses, profit margin is the difference between success and failure. It's the amount of money left over after all of your sales expenses and operating costs have been paid for and it...

Solar Energy Pros and Cons: How to Power Your Small Business

5 minute read

June 20, 2022

Installing solar panels is a wise choice for many small businesses. They can help you save money and enjoy significant tax credits. They’re better for the environment, which appeals to potential customers and employees. They...

The Top Benefits of Having a Good Business Credit Score

5 minute read

June 6, 2022

As a small business owner, it's vital to establish a good credit score when starting a business. Without solid credit, you won't be able to afford additional financing. This is crucial because you likely won't...