#small business banking

#

Wells Fargo Personal

  1. Next-day funding available for most transactions when funding to a Wells Fargo checking or savings account.

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Brokerage products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC. non-bank affiliates of Wells Fargo Company and is intended only for United States residents. WellsTrade ® is offered through Wells Fargo Advisors, LLC.

Wells Fargo Insurance, Inc. (Minneapolis, MN) is a licensed agency that represents — and is compensated by — the insurer based on the amount of insurance sold.

Investment and Insurance products:

  • Are Not insured by the FDIC or any other federal government agency
  • Are Not deposits of or guaranteed by a Bank
  • May Lose Value

Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

Equal Housing Lender

© 1999 – 2016 Wells Fargo. All rights reserved. NMLSR ID 399801



#small business management

#

Business Management – Small Business Management

Area of Study: Business Management
Degree/Certificate: Associate of Applied Business degree in Business Management with a concentration in Small Business Management

This program is designed for those who aspire to be entrepreneurs, as well as for those already operating a small business. Fundamentals of entrepreneurship are emphasized. A solid management foundation is provided.

Do you have a great idea for a new business but need professional support and resources to help get you started? Learn more about the ThRIve program at Tri-C.

Learn more about Tri-C’s small business program

Small Business Management at Tri-C

How to reach us

Ask a Question

Do you have additional questions about this program? Complete this form and someone will provide you with the information you need.

Additional Information

Transfer Programs

Does your academic plan include earning a Bachelor Degree? Tri-C is a great place to start. View the list of partnerships we have with four year institutions. You can search by school or Tri-C major.

Program Information Sheet



#small business management

#

Small Business Management Training

  • Regionally Nationally Accredited
  • Self-Paced
  • Supportive
  • Low monthly payments

Program Overview

Penn Foster Career School’s Small Business Management career diploma program will teach you how to market your products or service, find the right sources to finance your business, and write an effective business plan. Small business managers are able to independently run a business, with responsibilities that include market research, financing and budgets, and maintaining business records. Penn Foster Career School offers online training courses to help you take the first step towards a career as a small business manager. You can complete this program in as little as three months.

Curriculum Details

Program Goal and Outcomes

The program goal for Penn Foster’s Small Business Management program is learn how to plan for success, market products or services, find the right sources to finance a business, and write an effective business plan step by step in order to start your own small business or manage a small business for someone else.

Upon completion of the program, students will be able to:

  • Identify the typical qualities and behaviors of successful entrepreneurs, and the benefits and drawbacks of starting one’s own business, buying a franchise, and purchasing an existing business.
  • Develop clear, measurable goals and a comprehensive mission statement for a business.
  • Comprehend techniques used in successful networking, including how to make a good first impression, how to introduce your business to a potential contact, listening skills, and how to follow up with a promising contact.
  • Distinguish between primary and secondary research and determine appropriate question types for various research situations.
  • Establish an effective marketing strategy which includes an advertising platform and a public relations campaign.
  • Develop and draft a business plan according to a five-part comprehensive structure.
  • Identify an appropriate business structure to match the business plan, including considerations for hiring management and staffing.
  • Recognize the features and benefits of different types of funding in order to identify the right money sources for a particular business.
  • Understand the range of legal regulations that affect starting a new business, including licenses, zoning approvals, and basic tax knowledge, and apply these to a business plan.
  • Identify the components of a solid business team such as employees, suppliers, and distributors, and techniques used in identifying personal and business characteristics that will enhance a business.
  • Comprehend the scope and function of the Internet, the advantages and hazards of an online presence, resources for developing an online presence, and features of successful commercial websites.
  • Differentiate between types of pricing strategies and business evaluations, and use cost and expense data to prepare a budget as part of a business plan.
  • Recognize the features and advantages of well-organized business records and how business records can be used to inform major business decisions.

Unit 1

Computer Specifications
You will need high-speed internet access to begin your program. You will need access to a Microsoft® Windows® based computer running Windows XP® or later or an Apple® Mac® computer running OS X® or later, and an email account to complete your program with Penn Foster.

We reserve the right to change program content and materials when it becomes necessary.
Microsoft, Windows, and Windows XP are trademarks of Microsoft Corporation registered in the United States of America and/or other jurisdictions.
Apple, Mac, and OS X are trademarks of Apple, Inc registered in the United States of America and/or other jurisdictions.

Sample Lesson

To view a sample lesson from our Business Management courses online curriculum, click here.

Small Business Management Course Details

In the Penn Foster Career School Small Business Management training program you’ll cover topics such as:

  • Developing business contacts and successful networking
  • Writing business plans, financing, and preparing budgets
  • Legal requirements and resources

Study small business management and prepare to take the first steps towards the career of your dreams at Penn Foster Career School. Contact us today to learn more.

State Licensing Information

Licensing and/or certification requirements for jobs in this field are not the same in every state and may include educational, testing, and/or experiential requirements beyond those offered by your Penn Foster Program. You should contact the state professional licensing board or similar regulatory body in the state(s) where you plan to work to determine their requirements before enrolling in your Program. Please click here for contact information for state licensing/regulatory boards and certain industry licensing information.

Small business managers can start their own business or manage one on their own in a variety of fields. Here are a few qualities that effective small business managers have in common:

  • Flexible: You are productive despite changes to your business.
  • Organized: A business has a lot of moving pieces to keep on track.
  • Honest: A manager must make decisions that are ethical and responsible.
  • Detail oriented: It’s important to have a sharp eye and check things twice.

For people seriously thinking about having their own business, I would definitely take this program. My instructors were great. I want to thank Penn Foster for giving me the opportunity to improve my lifestyle.

– Beverly D. Small Business Management student

I would encourage anyone to enroll in the Small Business Management Program at Penn Foster. The one thing that I really enjoyed is that the program is career focused and up-to-date. I was able to gain the knowledge that I need in order to start, run, and maintain any type of business that I decide to open. Not to mention, I will be able to transfer all of my credits into my Business Administration degree program as this program is accredited. I am very happy with Penn Foster!

– George W. Small Business Management graduate

Your program includes:

  • Customized payment plans with 0% interest
  • Learning aids included: Start Your Own Business CD
  • Goal-setting and progress-tracking tools
  • Instructional support from our experienced faculty
  • Access 24/7 to Penn Foster s online community. plus immediate membership in the Small Business Management academic group
  • Your personalized online student homepage and learning portal
  • Additional resources such as our online library and career guidance from Career Cruising

Does Penn Foster Career School have any tips or hints for Small Business Management students?

Contact your local Chamber of Commerce and ask for the free Small Business Startup Package, which contains a great deal of information on topics such as population statistics, license requirements, and taxes.



#business cash advance

#

Merchant Cash Advance vs Business Loan

When things are going great, businesses have the cash flow they need for success and growth. During lean times or tight transitions, though, your company may need to find a cash advance loan to keep the doors open or to successfully expand. Though a myriad of funding options exists, merchant cash advances and platform lending like that offered here at Kabbage.com are two of the most popular and advantageous options.

The trick is understanding the difference between the two. Each has its own unique characteristics, and is more or less appropriate for a specific business need.

Let’s start with definitions.

What is a Merchant Cash Advance?

A merchant cash advance gives a business up-front cash, and takes payments from the credit card receipts on a regular (often daily) basis according to an agreed-upon amount. If you’ve been in business for more than a year, you’ve almost certainly received at least one phone call offering you merchant advance funding.

What is a Business Loan?

A business loan also provides up-front cash, but is paid back in monthly installments. These are usually withdrawn directly from your operations account, but terms are flexible if another method works better for your business.

For example, let’s say your company needed $1,000 for an advertising blitz in the month prior to your peak season. With that advertising in place, you would be positioned to lead the pack in your region for your industry. Without it, your competition would get the lion’s share of the business and the lost business would amount to far more than the $1,000 you would invest. But it’s been a year since the last peak season, and you don’t have the cash on hand. You need the cash, and like any smart business person you look at the two cash advance options for your business in detail.

Merchant Cash Advance vs Business Loan

Though it comes from the newer platform lending model. a Kabbage business loan is still legally a loan. This means it’s scrutinized by federal authorities and subject to limitations and enforcement. Merchant cash advances aren’t technically a loan because of how the payments are structured. This means they aren’t as regulated or carefully watched. This doesn’t automatically mean that merchant advance funding comes with abusive interest rates and contracts, but it does mean you should read and understand that contract as completely as possible.

Merchant cash advance loans approve any business that shows a history of credit card receipts sufficient to pay the money back. This makes them attractive to companies with new or bruised credit histories. Kabbage loans look at data from a variety of sources, including social sharing indicators, your cash flow reports, traditional credit reporting and industry metrics. Armed with that information, Kabbage can grant credit to struggling companies (at a higher interest rate to justify the risk), but can give lower rates to those who have earned them.

In this category, both means of lending are about equivalent. Kabbage loans deliver funds within 24 hours of approval. Most merchant cash advances work at the same speed – but not always. Ask about this if you go with merchant advance funding and need the money quickly.

Merchant cash advances take a percentage of credit card sales until the loan is paid. Kabbage loans take 1/6 th of the loan plus interest each month for six months. If your company needs flexibility that matches performance, a merchant advance might be the better option. If you want reliable, predictable costs for the borrowed money, Kabbage loans serve those goals more effectively.

For the first two months of a Kabbage loan, the interest rate is between 1 and 13 percent of the principal, based on the metrics gathered during the approval phase of the application. The rate then falls to 1 percent for the remaining six months of the loan. Merchant cash advance operations do not typically publish their interest rates. Independent analysis of a variety of merchant advance funding offers puts the average APR at more than 38 percent.

Merchant cash advances often include set-up fees, processing fees and even payment fees that can as much as double the actual cost of the loan. Kabbage loans include no extra fees. They cost as much as the “price tag” says.

Which is the better option? As with all business decisions, there’s no single good answer. Platform lending like Kabbage serves one set of business needs, while cash advance loans serve a different set. While we can’t give you a definite answer, we hope this has helped you identify the best questions. If not, watch this two minute video on Merchant Cash Advances vs Kabbage Business Loans for more information.

If you have experience with merchant cash advances versus business loans, tell us a bit about it in the comments below. Help the Kabbage community benefit from your experiences.

Jason Brick speaks internationally to small businesses after a fifteen-year career in managing companies for himself and others. His books include the best-selling Mastering the Business of Writing and upcoming Ownership Evolution. When not writing or speaking he enjoys martial arts, board games, cooking, travel and spoiling his wife and sons. He usually lives in Oregon, but is spending the year in Malaysia.

Latest posts by Jason Brick (see all )

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  • #sba loan rates

    #

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    Small Business Administration (SBA) Loans

    SBA Express Term Loan

    SBA 504 Loan Program

    • Best match for borrowers who need funds to expand, purchase another business or manage cash flow
    • Loan amounts: Up to $5 million
    • Benefits: Often easier to qualify; longer maturity terms, lower down payment on fixed assets
    • Standard terms: Working capital up to 7 years; equipment up to 10 years; real estate up to 25 years
    • Structure: SBA guarantees up to 75% (guaranteed portion capped at $3.75 million)
    • Pricing: Fixed and variable rate options
    • Best match for borrowers who need funds to expand, purchase another business or manage cash flow
    • Loan amounts: Up to $350,000
    • Benefits: Longer maturity terms, accelerated application process; SBA fees can be financed
    • Standard terms: Working capital up to 7 years; equipment up to 10 years; real estate up to 25 years
    • Structure: SBA guarantees 50% of the loan
    • Pricing: Fixed and variable rate options
    • Best match for borrowers planning to expand business through land acquisition, building acquisition, construction and equipment finance
    • Loan amounts: No maximum
    • Benefits: Lower down payments, favorable terms and pricing
    • Standard terms (Lender): Minimum 7 years for equipment or 10 years for real estate with up to 30 year amortization
    • Standard terms (SBA): 10 years for equipment or 20 years for real estate
    • Structure: Up to 40% or $5 million maximum funded by the SBA
    • Pricing: Favorable pricing; fixed for 20 years

    SBA Express Sub Programs for Specific Applications

    • Export Express loans up to $500,000 are available for companies that export goods and want to expand or who need working capital to enter a new overseas market.


    #small business website

    #

    Selecting the Best Website Builder for Your Small Business

    Suto Norbert via Getty Images


    When you’re a small business, your website is your calling card, your one shot chance to attract the clients you need to build your success. According to Web Builders Guide. “The first thing you should pay attention to while choosing a web builder is the ability to edit and customize website-templates.” Your needs will vary depending on your industry, so it’s worth it to do a little research to determine which platform will best help you meet your goals and, more importantly, continue to grow. SEO tools, social media capabilities, and mobile-friendly compatibility are all important features. From zero budget to big budget, here are examples of just some of the attractive features of the best and most reliable website design options out there:

    Bigcommerce . Bigcommerce offers a free 15-day trial with no credit card in order to see if their online store creation is the best fit for your needs. They offer social media and email marketing tools in addition to multi-channel marketing and options to boost your SEO. Bigcommerce also boasts partner services with designers, marketing services and more, which you can filter by price.

    Imcreator . Imcreator believes that hosting and bandwidth should be available for free to all. You get free hosting and can connect your own domain. No coding skills necessary. Be your needs small or grand, you can create a visually impressive website up to date for those Google crawlers combing the web and inspecting your content. They advertise Xprs, billed as a better version of WordPress, for all those sites that also warrant a blog.

    Shopify . You can get a 14-day free trial of Shopify, the perfect website builder for creating an online store. Shopify is also great for your business if you need to sell on the go – at markets, trade shows, pop-up shops, or any event. There is no training required for how to use their system. If you have an actual retail store, you can simply add on their retail option to help manage it.

    Sitey . Sitey offers a little bit of everything, from reliable hosting and 24/7 support, to Google-friendly mobile options and analytics, an image library, social media integration, blog options and more. You can get up to 5 pages with 50MB of storage, 5MB file upload and 16G bandwidth. They offer comparison charts for packages beyond their basic one.

    Squarespace . Squarespace gives you a free domain and is integrated with Getty images, which allows you access to 40 million high quality images for use on your website. You can also create a logo with Squarespace and take advantage of their detailed analysis and metrics tools.

    Volusion . Volusion lets you sign up for a free 14-day trial and specializes in reasonably priced customized ecommerce software and design services that are user and search-friendly. Multi-channel selling on sites like Facebook, Amazon and Ebay, as well as meta tags and semantic markups designed with SEO in mind work in conjunction with their easy product upload, shopping and tracking.

    Webs . Webs.com is a free website builder that believes you shouldn’t pay a designer or programmer, and you can do it all yourself, beautifully, for free. They also offer flexible packages to meet a variety of budgets, should you wish to select a website template and have a member of their team help you to make it your own. Their SEO booster and stats allows you to understand your website traffic and create more of it.

    Website Builder . Choose 1 design from 10,000 categorized by industry, and then customize and publish. Get your domain name free, as well as crucial SEO tools to help with your ranking, free business email setup and easy ecommerce integration if your business intends on selling products through an online store.

    Weebly . Weebly has been around for a long time, and they actually encourage you to reach out and let them know what industry you are working in so they can guide you toward building a site for your business that can grow with you to meet your immediate and long-term business goals. Free sign-up!

    Wix . Secure and reliable free hosting plus 24/7 support as well as Google-friendly mobile designs. Drag and drop to build your site and then select from their customized apps to help drive more traffic to your site. Check out their app market to help you further tailor your website to meet your needs as well as the needs of existing and potential clients.

    More:



    #small business website

    #

    Features Pricing For Agencies Resources Start Building Sign In

    Build a beautiful simple website for your small business

    Beautiful on desktops You can build a great looking site for your small business in minutes. Marvelous on mobile Be confident your website looks its best on mobile phones and tablets.

    Everything a simple site needs and nothing more

    Onepagers come packed with industry leading search engine techniques. Add the content and we’ll do the rest to get you a great page rank.

  • Add a form so your visitors can quickly email you from your website. Use a form for signups, simple surveys, or as a general contact form.

  • Onepagers are served from our dedicated cloud hosting environment. You’ll never need to worry about setting up a hosting account or wonder whether your site is accessible.

  • Let your users signup for your email newsletter from your Onepager. Send updates to your customers from your Onepager dashboard.

  • We know, you’re good at what you do and that may not have anything to do with designing websites. Our themes will make your small business website look great.

  • Turn your Onepager into your online storefront by using our ecommerce functionality. Sell physical goods, digital downloads, or collect invoice payments.

    Some of the small business sites built with Onepager

    See a tour of Onepager

    Why’d we make Onepager?

    Our team comes from small business families. We like to think we’re building a product our family businesses would love.

    Doing everything we can to help the businesses that use Onepager is important to us and one of our core values.

    Multiple sites + Multiple users

    Build Onepagers by yourself or with your team. Our multi-site plans are great for agencies, brands, or users who want to manage more than one simple site.

    Onepager is the world’s easiest way to create a beautiful website.

    You don’t know how happy this makes me. I’ve wanted to make my dad a site for so long but haven’t had time. He needed this so badly. Thank you! You made life better.

    I had 2 bad attempts at hiring a web team, always thought that web design was a “black box” costing thousands of dollars and taking on a life of its own in terms of time to completion. With Onepager, I did it on my own in minutes and paid about $100 for a year. I can update it in seconds or leave it alone. Thanks Onepager team!

    Marco Protano. Professor of Marketing and Strategy on 4 continents

    I have told a whole boatload of people about how easy and affordable onepager is. By far one of the best services anywhere on the internet!

    Bottom line: this is my love letter to you, Onepager. You have effectively saved my sanity, my relationship with my sister, and possibly her business because her website gets way more traffic than her Facebook. Thank you, a million times thank you.

    Adrienne Dye, sister to Rebecca Dye and author of the Onepager Love Letter

    Company
    Get In Touch


  • #selling a business

    #

    7 Steps To Selling Your Small Business

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    Selling a small business is a complex venture that involves several considerations. It can require that you enlist a broker. accountant and an attorney as you proceed. Whether you profit will depend on the reason for the sale, the timing of the sale, the strength of the business’s operation and its structure. The business sale will also require much of your time and, once the business is sold, you’ll need to determine some smart ways to handle the profit. Reviewing these seven considerations can help you build a solid plan and make negotiations a success.

    1.Reasons for the Sale
    You’ve decided to sell your business. Why? That’s one of the first questions a potential buyer will ask. Owners commonly sell their businesses for any of the following reasons:

    • Retirement
    • Partnership disputes
    • Illness and death
    • Becoming overworked
    • Boredom

    Some owners consider selling the business when it is not profitable, but this can make it harder to attract buyers. Consider the business’s ability to sell, its readiness and your timing. There are many attributes that can make your business appear more attractive, including:

    • Increasing profits
    • Consistent income figures
    • A strong customer base
    • A major contract that spans several years

    2.Timing of the Sale
    Prepare for the sale as early as possible, preferably a year or two ahead of time. The preparation will help you to improve your financial records, business structure and customer base to make the business more profitable. These improvements will also ease the transition for the buyer and keep the business running smoothly. (Make sure the business you built continues to thrive long after you’ve left the helm by reading How To Create A Business Succession Plan .)

    3.Business Valuation
    Next, you’ll want to determine the worth of your business to make sure you don’t price it too high or too low. Locate a business appraiser to get a valuation. The appraiser will draw up a detailed explanation of the business’s worth. The document will bring credibility to the asking price and can serve as a gauge for your listing price.

    4.Selling on Your Own vs. Using a Broker
    Selling the business yourself allows you to save money and avoid paying a broker’s commission. It’s also the best route when the sale is to a trusted family member or current employee. In other circumstances, a broker can help free up time for you to keep the business up and running, keep the sale quiet and get the highest price (because the broker will want to maximize his or her commission). Discuss expectations and advertisements with the broker and maintain constant communication. (For more insight, read Do Your Need A Real Estate Agent? )

    5.Preparing Documents
    Gather your financial statements and tax returns dating back three to four years and review them with an accountant. In addition, develop a list of equipment that’s being sold with the business. Also, create a list of contacts related to sales transactions and supplies, and dig up any relevant paperwork such as your current lease. Create copies of these documents to distribute to financially qualified potential buyers.

    Your information packet should also provide a summary describing how the business is conducted and/or an up-to-date operating manual. You’ll also want to make sure the business is presentable. Any areas of the business or equipment that are broken or run down should be fixed or replaced prior to the sale. (For related reading, see Prepare To Sell Your Business .)

    6.Finding a Buyer
    A business sale may take between six months and two years according to SCORE, a nonprofit association for entrepreneurs and partner of the U.S. Small Business Administration. Finding the right buyer can be a challenge. Try not to limit your advertising, and you’ll attract more potential buyers. (To learn more, read Finding The Best Buyer For Your Small Business .)

    Once you have prospective buyers, keep the process moving along:

    • Get two to three potential buyers just in case the initial deal falters.
    • Stay in contact with the potential buyers.
    • Find out whether the potential buyer prequalifies for financing before giving out information about your business. If you plan to finance the sale, work out the details with an accountant or lawyer so you can reach an agreement with the buyer.
    • Allow some room to negotiate, but stand firm on the price that is reasonable and considers the company’s future worth.
    • Put any agreements in writing. The potential buyers should sign a nondisclosure/confidentiality agreement to protect your information.
    • Try to get the signed purchase agreement into escrow. (For related reading, check out Understanding The Escrow Process .)

    You may encounter the following documents after the sale:

    In addition, the buyer may have you sign a noncompete agreement, in which you would agree to not start a new, competing business and woo away customers.

    7.Handling the Profits
    Take some time, at least few months, before spending the profits from the sale. Create a plan outlining your financial goals, and learn about any tax consequences associated with the sudden wealth. Speak with a financial professional to determine how you want to invest the money and focus on long-term benefits, such as getting out of debt and saving for retirement. (There are several areas you should research when seeking professional financial help. Learn more in Advice For Finding The Best Advisor .)

    Conclusion
    Selling a business is time-consuming and for many, an emotional venture. A good reason to sell or the existence of a “hot” market can ease the burden, as can the help of professionals. It may also be possible to receive free counseling from organizations such as SCORE, and your local chamber of commerce may offer relevant seminars and workshops. When all is said and done, the large sum of money in your bank account and your newfound free time will make the grueling process seem worthwhile.