A small business owner has been running a local bakery for over three years. Her sales are steady with positive feedback from her customers. This year, she’s planning to expand her operations by adding a second location. With this in mind, she then applies for a traditional bank loan to Read more…
As I prepare for an upcoming summer vacation with my two sons and my cousin at a vacation rental, I wonder how the owners are protected if a renter causes damage to their home. Not that I anticipate us creating any damage but what if another renter does? I ask Read more…
With the increasing effects of global warming and climate change, businesses are expected to not only focus on profit generation. They also have a huge role to play in creating a better future for the environment, most especially because their operations can damage the planet. Corporate Environmental Management (CEM) is Read more…
Baltimore is known for many things, and one of them is being a good place to start a business. Its location in the Mid-Atlantic region plays a huge part in this. Smack dab in the middle of the Eastern Seaboard, Baltimore and the rest of Maryland is in the center Read more…
Businesses often feel the impacts of a recession in different ways. For instance, manufacturers might not be shipping out their inventories as fast or as much as they want, which leads them to slow their production. Because of low consumer demand, they might not be able to get back a Read more…
Small businesses are thriving in Houston. The major metropolis, which is home to 2.3 million residents, is also the base of operations of tens of thousands of small businesses. For clarity, we’re using the definition of the U.S. Small Business Administration (SBA) for small business. The SBA defines a small Read more…
When considering the relocation of an established business, many factors should come into play. First, what are the reasons for the move? What are the costs of moving? Are there moving companies that specialize specifically in office relocation services? What is the market like that you’re considering relocating to? These Read more…
In real estate, there are homebuyers and there are investors. Homebuyers obviously purchase a residential unit to live in it. On the other hand, real estate investors are those who buy properties with the purpose of renting it out. Because these investors typically have multiple properties that are situated in Read more…
For many years, my idea for retirement was to open a bar/restaurant in an effort to stay busy, have a social life, and eat and drink for free. However, even though I knew as an owner I would need to be there all of the time and that it would Read more…
When looking into different lending options, asset-based lending proves to be a popular choice for many when financing their different real estate ventures. Asset-based lending (or ABL in real estate) is a financing approach that uses tangible assets, for example other properties you may own, as collateral to secure a Read more…