Tag: steps

7 Steps to Reduce Business Debt in 90 Days

5 min read

Opinions expressed by Entrepreneur contributors are their own.

When smaller businesses undergo a slowdown like the one many are currently experiencing (not that there’s any precedent for this specific circumstance), owners often target increasing their sales as a primary strategy to reinvigorate their profit goals. 

Debt reduction, potentially a more achievable step to healthier net profits, is often a secondary consideration, but a focus on recurring debt can provide for significant long-term benefits in operation of an efficient organization, freeing up both money and resources for other, more profitable endeavors.

When company owners begin the process of reducing corporate debt, they should also consider opportunities for reduction of personal debt obligations in tandem. Often a business owner’s ability to leverage additional capital is also dependent on their personal debt-to-income ratio. If perceived as being potentially unable to repay their personal obligations on schedule, doubt

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8 Steps To Making Your New Business A Reality

As a business advisor, I listen to many of you entrepreneurs talking about achieving your dreams. Too few of you have structured that dream, and can express it in a set of specific goals, with a timeline for getting there.

You all hope I have some magic formula for success, but the reality is that only you can pick the goals that match your passion, work ethic, and desired outcome.

I believe part of the problem is a fear of failure, or hesitancy to commit, perhaps due to a lack of self-confidence, or a habit of waiting for someone else to tell you what to do.

I can’t help you get into the right mindset, but I can offer some proven specific steps for translating a business dream into reality, based on my own years of experience working at all levels in the business world:

1. Narrow your focus, to

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Wondering how to get PAN card online? Get it in these 10 easy steps

a close up of a piece of paper

© Provided by Zee Business

If you want to get a PAN card and still don’t know how to apply online here is your guide to it. A PAN or Permanent Account Number is a ten-character alphanumeric identifier which is issued by the Income Tax Department in the form of a laminated PAN card, to any person who applies for it or to whom the department allots the number without an application. PAN Card is important for taxpayers as it is necessary for all financial transactions. It is used to track the inflow and outflow of your money. It is also a valid identity proof.

Getting a PAN card online is easy and it can be done by following these steps. You can also make requests for changes or correction in PAN data or request for reprint of PAN card (for an existing PAN) via the online mode.         

The online

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4 Easy Steps to Starting an e-Commerce Business

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There was a time when starting an e-Commerce store demanded a lot of time and resources because websites required hard coding. Nowadays, anyone with an idea, a laptop, and a supply chain can get their own business online in a few hours, if not minutes by starting an e-commerce business.

Being successful in that business is another thing, but if you think starting an eCommerce business in 2020 is difficult, we’re here to tell you that isn’t the case if you start out knowing how to plan and implement a strategy for success. Hence, starting a business still involves some basic steps that need to take, and mistakes to avoid, to ensure you position your startup for success. Here are the 4 steps you must take to start your own eCommerce business and set it up for success.

4 steps for starting an e-commerce business:

  1. Decide on
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Five Steps To Revving Up Your Mobile Food Business (Even During A Pandemic)

Luz Urrutia leads Opportunity Fund, the nation’s leading nonprofit small business lender.

Entrepreneurs are a creative, resourceful, resilient and hopeful bunch. I find this is especially true with food entrepreneurs who are called by an art, and a craft, to create flavors and community. Like many folks stepping into business ownership, they’re generally more focused on developing their product or core service than on unit margins and cash flow projections. But obsessing over your craft at the expense of putting time into your financial planning can be detrimental — so much that it can lead to a denial of permits from your local health department and even press the pause button on any startup loans you thought you’d clinch. 

Before the Covid-19 pandemic, food trucks and carts had officially arrived as a business concept, a great way to serve innovative, authentic, budget-friendly food. The mobile food service industry

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3 steps I’d take to make a passive income with cheap UK dividend shares

The stock market crash has caused many UK dividend shares to offer relatively high yields. As such, it is possible to obtain a generous passive income compared to the returns available on other assets, such as cash and bonds.

a stack of flyers on a table: Various denominations of notes in a pile

© Provided by The Motley Fool
Various denominations of notes in a pile

Through buying a diverse range of high-quality businesses that offer dividend growth potential, you could obtain a robust and surprisingly large passive income in the coming years.


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High-quality UK dividend shares

While some UK dividend shares may have exceptionally high yields after the market crash, it may be a better idea to accept a lower yield for a better quality business. Certainly, this strategy may not maximise your passive income over the short run. However, it could mean that your dividends are more reliable at a time when the economic outlook is very uncertain.

As such,

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