Access to Capital

Why You Should Separate Your Personal & Business Finances

As you navigate business financing, it may be tempting to use your personal finances to help out when your business needs a boost, but that is not always the best solution in the long run. Separating your personal and business finances can help ensure you treat your business like the independent entity it is, while safeguarding your personal finances.

USDA Launches Mentorship Initiative to Help Farms, Ranches and Local Rural Businesses

Acquiring the necessary expertise to successfully run a business in any industry takes time. Without the proper guidance, the trial and error method is costly in terms of time, capital and other resources. The launch of a mentorship initiative between the US Department of Agriculture (USDA) and SCORE will support new farmers and ranchers so they can avoid these mistakes. The announcement was part of the National Farmers Market Week, which will be running from August 6 to 12.

Equity Funding Basics

For most businesses there are two types of financing: debt and equity. Debt financing is a loan. The lender gives you money and you promise to pay it back with interest—the cost of borrowing the money.  Equity funding means selling a piece of your business. An investor gives you money in exchange for owning a piece of your company.

Write a Business Plan

Starting a small business is hard work. The list of things you have to do in order to turn your dream into reality may seem overwhelming at first. When faced with such a formidable to-do list, it is easy to think of a formal business plan as something to table for later. After all, organizing a list of responsibilities and checking off items one by one as you accomplish them is itself a form of planning. Why waste time creating and perfecting a business plan at this early stage of the game?

The answer is that even the simplest business plan will help you:

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