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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

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Break Through These 5 Common Mistakes for Veteran Business Owners
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Military veterans are one of the most entrepreneurial groups in the nation for a good reason. As they're very likely to be highly disciplined and extremely careful with both planning and execution, their backgrounds translate well into the world of business.

Despite all that, veteran entrepreneurs, like any other entrepreneur, will make mistakes. Both mistakes and failure are inevitable. Whether it is your first business you're starting—or your fifth—you will run into mistakes. Fortunately, many of them can be avoided. Below is a list of five common mistakes and solutions that you can use to prevent them from occurring in your business.

 

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7 Questions To Ask When Choosing a Business Loan
| StreetShares Blog

By Madhur Grover, Chief Credit Officer on January 4, 2019

As a small business owner, working capital is your lifeblood. Cash-flow management is crucial to your success, which sometimes means you need to take out a small business loan to keep the gears of your business whirring. Equipment replacement, new hires, scaling your business or gearing up for a big contract are all good reasons to start looking for a loan.

There are lots of funding options out there—which is both a good and a bad thing for you. It’s easy to be overwhelmed by the sudden plethora of emails, phone calls, letters and ads from lenders—how do you plow through the weeds and find the best deal for your business? Is there a clear winner or are they all similar?

We want to help you find the best way to do an apples-to-apples comparison of the loan options out there to help you make the most informed decision when choosing your business loan.

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New Year’s Resolutions Small Businesses Can Actually Keep
| StreetShares Blog

By StreetShares on January 1, 2019

This year could be your small business’s best yet—and right now is the perfect time to devise new strategies to fuel growth and make changes for your business’s long-term success. Here are just a few resolutions every small business owner can make to get 2019 off to a great start:

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Why Your Small Business Needs a Great Logo
| StreetShares Blog

In this digital age of getting bombarded by marketing from all angles, you may not even notice logos anymore. They’re so ingrained into our culture that some brand marks have become part of cultural aesthetic, taking on lives of their own outside of their brand’s marketing materials.

But if you’re not a huge international corporation, you may think your logo isn’t important. Don’t let it be an afterthought! Imagine the market is like a dating app and your business’ logo is your profile picture. For better or for worse, people will judge based on that first impression, regardless of how amazing your business is once you actually read its profile. A great logo will make prospective customers more likely to “swipe right”- which means more conversions and brand loyalty for your business!

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Congrats! You're a Manager. What Now?
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

For some, their professional endeavors include leading others. At one time or another, most of us who strive for this have had the image of ourselves in the corner office, floor to ceiling glass windows, marveling at where we are. Do you want to know what you have in common with the people in that image right now? They were once where you are - the first time/new manager.

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How to Start a Business Without Quitting Your Full-Time Gig
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Having the desire and drive to have a side business on top of a full-time job is an empowering moment. You could be at the point where you want to change your quality of life, make extra money or not have to work for anyone other than yourself. Sometimes being an entrepreneur has us stuck between the worlds of the unattainable and the whimsical. I'm here to tell you that it's not either of those things. What it is, however, is passion, dedication and a ton of work. Before you jump ship on your full-time job to become a full-time entrepreneur, there are a few things to consider to ensure the journey to your version of freedom is as smooth as possible.

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7 Things Government Contractors Should Beware of if the Government Shuts Down Again
| StreetShares Blog

The potential for another partial government shutdown is looming on the horizon. Is your small business prepared? Let’s take a look at a few things you should know and remember from the 17-day 2013 shutdown that may affect you during another potential government shutdown.1 

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Building a Credit Score from Scratch
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Perform a quick Google search and you will discover that there is no shortage of articles and ideas online clamoring to offer you tips and pointers about how to best manage your credit. You can find videos, podcasts, and even television shows from many self-proclaimed "gurus" who are quick to share their credit secrets with you. Add in the well meaning credit advice you may have received from your family, friends, and acquaintances and before long your head will be spinning with dozens of contradictory credit improvement strategies.

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4 Ways You Can Optimize Your Business's Brick-and-Mortar Experience
| StreetShares Blog

 

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

It's no secret e-commerce has had an impact on brick-and-mortar businesses, and you can point to its growth in annual sales as proof: a steady 17% increase in annual sales year over year. However, people often miss out on the fact that e-commerce shopping is still tiny compared to brick-and-mortar sales. Also, the health of the brick-and-mortar industry shouldn't be summed up in just one metric.

It's not to say that e-commerce hasn't affected brick-and-mortar sales. More than 6,400 brick-and-mortar stores closed down in 2017, and key brands in the industry, like Sears, have also recently closed their doors. Much of that has to do with the growing e-commerce space.

Additionally, consumers are now largely plagued by the Amazon effect, which means they expect a seamless shopping experience with instant rewards. Consumers expect to find exactly what they're looking for with little effort and want the item(s) delivered within a very short time frame. However, this is by no means the end of retail. In fact, numerous stores have taken steps to take advantage of the intersection of technology and retail shopping.

Here are four ways you can optimize your brick-and-mortar experience to best fit today's modern consumer. 

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Who Is Allowed to Check Your Credit Reports?
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Accessing your credit information is easier now than it has been at any other point in history. Thanks to the Fair and Accurate Credit Transactions Act, an amendment to the Fair Credit Reporting Act (FCRA), you even have the right to view a free copy of all 3 of your credit reports every 12 months. To claim your free reports from Equifax, TransUnion, and Experian simply visit AnnualCreditReport.com. Depending upon your state of residence you may have access to additional free copies of your 3 credit reports each year as well.

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