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Maximizing Profit

At the end of the day, most businesses exist to turn a profit no matter what their core concept is. To that extent, it makes great sense to focus on Maximizing Profit. However, many small business owners confuse profit and revenue. Let's clarify that right away. Revenue is ALL the income a business generates from its sales, services, etc. Profit is revenue LESS expenses, taxes, operating costs, unit costs and so on.

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Alternative Lending and Your Business

The Main Street Credit Gap and You Are you familiar with the “Main Street Credit Gap”? Chances are that you, as a small business owner, are familiar with the concept...

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Have You Hugged Your Banker Lately?

Can You Live Without a Bank? While the hatred of financial institutions is rather en-vogue, the simple truth is that banks, banking, and bankers play a very important role for...

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Do You Have a Line of Credit (LOC) Yet??!?

It’s an unfortunate truism in today’s society: Those who don’t need have plenty, and those who do need have little. A clear example of this truism comes in the form...