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StreetShares Blog

The Resource Center for Veteran Small Businesses

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You're Never Too Small to Get Hacked: The Importance of Small Business Data Security
| StreetShares Blog

By StreetShares on June 20, 2018

Sony, Target, Facebook... it seems that every day another high-profile company is in the news for getting hacked and having their internal communications and customer data exposed. You might think that your business isn't big enough to get hacked, but businesses of every size are a target- and the effects of a data breach on a small business could be devastating. When it comes to customer information, transparency and data security are essential. So what’s the best way to fend off hackers and maintain customer trust? Here are five tips to help you keep your customers’ information safe.

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How Do You Complete a Contract When You Don't Have Any Money?
| StreetShares Blog

By StreetShares on June 18, 2018

When it comes to government contracting, the major issues always seem to come back to money. Like it or not, the world of GovCon revolves around the mighty dollar, and operating costs can be significant. Anyone who’s in the field knows the level of competition for those contracts- and the length organizations will go to secure them.

You’ve done all the vital industry networking, you’ve assembled a team you trust and know can get the job done, and you’ve submitted a winning proposal. Once you win that contract, the next step needs to be securing your funding for the project. After all, it can take anywhere from 30 to 90 days after delivery for the government to pay you. So what happens when you have an abundance of contracts secured, but no funds for payroll, materials, and any other overhead cost that might come into play? You need to secure outside funding. Here are the best options for bolstering your company’s bottom line. 

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The Demystification of Diversification: How Diversifying Can Work Magic on Your Portfolio
| StreetShares Blog

By StreetShares on May 10, 2018

Diversifying your investments - it's a phrase you've heard, and you know you should do it, but what does it actually mean? Essentially, it means that putting all of your financial eggs in one basket is a bad idea. The market is notoriously unpredictable, and diversification will play a vital role in fortifying your interests. You can reduce your investment risk, stabilize your income flow, and have a better shot at long-term financial success by investing in a wide variety of different assets that are in line with your goals and risk tolerance. 

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3 Reasons Why Now is the Time to Produce More Inventory
| StreetShares Blog

By StreetShares on May 4, 2018

If you produce a physical product, there are many reasons to maintain controlled inventory levels. Unsold inventory carries storage and depreciation costs, but not having enough product on hand can be just as unfortunate. How should you decide if you need to have more inventory? Here are three things to consider for your veteran-owned small business.

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What Type of Financing Should I Get for Marketing?
| StreetShares Blog

By StreetShares on May 2, 2018

Starting a business is challenging. You first need to know how much funding to allocate to each part of your business and then you need to come up with the capital to support it. There are many moving parts, and it can be challenging to determine where and what you need. Having a strong plan for your business is critical to your success, and marketing needs to be included in that initial budget.

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Support Your Military Branch and Vote For the $25,000 Military Entrepreneur Challenge
| StreetShares Blog

By StreetShares on April 30, 2018

 

The StreetShares Foundation and Sam Adams Brewing the American Dream program have partnered to present the Military Entrepreneur Challenge! This challenge allows military veteran entrepreneurs to compete for public votes in order to have their military branch declared the branch with the best entrepreneurs. Only the entrepreneurs from the two service branches with the most votes will move on to the final round. Cast your vote now to help these military veteran entrepreneurs receive funding to grow their businesses!

 

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6 Ways to Invest Working Capital In Your Manufacturing Business
| StreetShares Blog

By StreetShares on April 24, 2018

A business line of credit can be a powerful tool when it comes to expanding or maintaining your manufacturing company. It gives you the freedom to make the investments you need to, when you need to, so that you can provide your customers with the products they need. Updates to tax laws have also made capital expenses even more attractive to businesses, providing further incentive to use the resources at hand to their fullest capacity. Here are some different ways you can use your working capital.

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Selling Goods & Services to the Government as a Small GovCon Business
| StreetShares Blog

By StreetShares on March 12, 2018

Did you know that the U.S. government spends more than $440 billion per year with small businesses ? Federal spending is at an all-time high making government contracting an extremely lucrative option for small and emerging business owners. While getting a pie of the government business sounds rewarding, it sure is a lengthy and bumpy process.

If you feel your product or service has what it takes to win a share of the government business and you are ready to take the plunge, here are five key practices you must keep in mind while selling to the federal government. Get the complete picture of government contracting in our ebook, "The Goverment Contractor's Handbook."

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10 Ways to Optimize Your Marketing Budget for Your Small Business
| StreetShares Blog

2018 is underway – have you started using your marketing budget yet? With all of the new technology changes, new websites, and consumer habits, it can feel like a battle trying to determine a low budget marketing strategy. Here are 10 ways that you can make your dollars work smarter this year. 

To get even more marketing strategies, download the ebook "9 Tips to Grow Your Small Business."

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Business Taxes: Everything You Need to Know*
| StreetShares Blog

By StreetShares on March 7, 2018

Taxes. Filing taxes for yourself can be complicated, but when filing taxes for your business, the
complexities can multiply. To make tax season hassle-free this year, you need to understand the regulations and deadlines. Here are five tips to avoid audits, claim more deductions and reduce overall small business tax headaches:

1. Record Everything

The healthiest thing you can do for your small business is to keep your books up-to-date, clean and accurate. Be sure to keep all of your receipts and preserve other important business documents. That way, you’ll not only be organized, you’ll be prepared in the case of any audits and be better equipped with the right files when claiming business expenses. If you use a bookkeeper make sure they're using the right cloud applications on your behalf – so your data is always accessible. That way you can breathe easy during tax season knowing that you are covered.

See also: Comparing Accounting Software Products for Your Small Business

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