Brewing beer is an age-old profession that has seen a recent resurgence in popularity. Thanks to the rise of craft breweries, people are rediscovering the joys of small-batch, artisanal beer. If you’re thinking about starting your own brewery, you’re in for a treat. Not only is brewing beer a fun and rewarding process, but it can also be a lucrative business venture. Of course, before you can start serving up your own brews, you’ll need to acquire the proper equipment. Let’s talk about the essential pieces of equipment you’ll need to start your own brewery. Essential Brewery Equipment List…
Why do businesses lease equipment like vehicles and software?    To help you see the benefits of leasing instead of buying equipment for your business, we asked finance experts and CEOs this question for their best insights. From trying out before purchasing to tax and other financial benefits, there are several reasons that may help you decide on leasing vehicles, equipment, and other tools that you need for running your business.    Here are six reasons why businesses lease equipment, vehicles, and software: Trying Out Before Purchasing To Avoid The Cost of Replacements and Disposals Ease of Changing To…
What are the hidden costs of NOT updating and replacing equipment?  To help you recognize hidden costs in not replacing or updating work equipment, we asked finance professionals and CEOs this question for their best insights. From increased downtime to employee frustration and discontent, there are several insights about the costs you may incur if you neglect the equipment necessary for running your business. Here are seven hidden costs of neglecting your equipment: Increased Downtime Compromised Safety Low Brand Reputation Diminished Product Quality Higher Replacement Costs Security Breach Employee Frustration and Discontent Increased Downtime It’s no surprise that old…
What is one common small business loan scam and how to avoid it?  To help protect you from small business loan scams, we asked entrepreneurs and small business leaders this question for their best tips. From the pyramid scheme scam to the SBA logo phishing scam, there is valuable information to help you guard your business against loan scammers. Here are four common small business loan scams: The Pyramid Scheme Scam Angel Investor Scam Phishing Disguised as Business Loan Offer SBA Logo Phishing Scam   The Pyramid Scheme Scam This is a common small business scam that promises high…
What is one piece of equipment needed to start a clothing line? To help you start a clothing line, we asked small business owners and designers this question for their best recommendations. From investing in a direct-to-garment printer to buying a reliable computer, there are several suggestions that may help you start a clothing line. Here are five pieces of equipment needed to start a clothing line: Invest in a Direct to Garment Printer Have the Necessary Resources on Deck  Budget for Fabric Purchase a Weaving Machine Buy a Reliable Computer    Invest in a Direct to Garment Printer…
If you’ve ever eaten at a food truck, then you know that they serve up some of the most delicious and unique cuisines around. Starting a food truck business from scratch is not without its share of challenges. But with careful planning and execution, it can also be a very rewarding venture. In this blog post, we’ll give you all the information you need on how to start a food truck business. So, whether you’re looking to set up your own mobile restaurant or simply want to add a food truck to your existing food venture, here are some…
What is one tip for getting a loan for $100k? To help you secure a $100k loan, we asked financial experts and business leaders this question for their best tips. From applying for a loan with three lenders to securing a co-signer with excellent credit, there are several tips that may help you secure a $100k loan for your business. Here are six tips on getting a $100k loan:   Apply for a Loan With at Least Three Different Lenders Have Amazing Credit Apply for Instant Pre-approval Raise from Your Community Have a Solid Plan in Place Secure a…
Owning a bakery is a dream come true for many people. There’s nothing quite like the smell of fresh-baked bread and the satisfaction of being your own boss. But before you can start baking up a storm, there are some essentials you need to buy. Here’s a list of must-have pieces of bakery equipment. Whether you’re just starting out or expanding your current bakery, be sure to have these items on hand. Essential Commercial Bakery Equipment List This list of the essential equipment for a bakery business should get you started on the right foot: 1. Ovens You’ll need…
There’s no denying that starting a coffee shop takes a lot of work. But with the right planning and execution, it can be a hugely successful endeavor. Of course, one of the most important aspects of starting a coffee shop is making sure you have the right equipment. From coffee machines to grinders and everything in between, here are 10 essential pieces of equipment you’ll need to start your very own coffee shop. Essential Coffee Shop Equipment List This list of the basic equipment for a coffee shop should be enough to get you started: 1. Coffee machine You’ll…
What is one difference between a term loan versus a line of credit? What are the pros and cons?    To help you understand the differences between a term loan and line of credit, we asked finance professionals and business owners this question for their best insights. From interest rates to the duration of the asset being financed, there are several differences between a term loan and a line of credit and the pros and cons of each. Here are five differences between a term loan and a line of credit:   Interest Rate Repayment Structure  Ease of Access…