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Sue Pitts
Mar 18, 20192 min read
Iowa Western SBDC Offers No Cost Help For Businesses Affected by SW Iowa Floods
Floods and other unexpected disasters can devastate a business. The Iowa Western SBDC is here for all businesses affected and can help in...
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Sue Pitts
Feb 1, 20192 min read
Before Opening that Bank Account
As soon as you start accepting or spending money as your business, you should open a business bank account. Common business accounts...
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Sue Pitts
Jan 10, 20193 min read
Hire Your First Employee
If your business is booming, but you are struggling to keep up, perhaps it’s time to hire some help. The eight steps below can help you...
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Sue Pitts
Aug 7, 20181 min read
Managing Business Credit
Establishing and managing business credit can help your company secure financing when you need it, and with better terms. Business credit...
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Sue Pitts
Jun 28, 20182 min read
Start with a Balance Sheet
The balance sheet is the foundation of managing your finances. It operates as a snapshot of your business financials. It helps you keep...
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Sue Pitts
May 21, 20182 min read
Know the difference between franchising and buying a business
Before you decide if one of these options is right for you, make sure you know the basics of franchising and buying an existing business....
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Sue Pitts
May 8, 20182 min read
Small Business Bookkeeping Best Practices
Start with a balance sheet The balance sheet is the foundation of managing your finances. It operates as a snapshot of your business...
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Sue Pitts
Mar 7, 20182 min read
Tax Reform and Small Business
Attend our Lunch and Learn on March 28th with Chad Brown, CPA and see how the new tax reform will affect your small business. 90 percent...
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Sue Pitts
Feb 26, 20181 min read
Understand The New Small Business Tax Cuts
The passage of the Tax Cuts and Jobs Act, proponents and opponents are offering different versions of the “winners and losers.” One type...
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Sue Pitts
Oct 12, 20172 min read
Managing Small Business Finances
Accounting for revenue and expenses can help keep your small business finances running smoothly. Make sure you maintain proper...
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Sue Pitts
Sep 27, 20173 min read
Small Business Taxes
The form of small business you operate determines what taxes you must pay and how you pay them. The following are the five general types...
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Sue Pitts
Sep 19, 20171 min read
Employer Identification Number
Your Employer Identification Number (EIN) is your federal tax ID. You need it to pay federal taxes, hire employees, open a bank account,...
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Sue Pitts
Sep 12, 20173 min read
Buy or Lease ?
Once you’ve determined all the assets you need for your business, you can decide whether you should buy or lease them. Lease Leasing can...
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Sue Pitts
Aug 29, 20171 min read
What is a Surety Bond ?
A surety bond There are four types of surety bonds: Bid Bond: Ensures the bidder on a contract will enter into the contract and furnish...
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Sue Pitts
Aug 15, 20173 min read
Small Business Loan
The SBA is not your only source for a small business loan. State and local economic development agencies, as well as numerous non-profit...
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Sue Pitts
Aug 8, 20171 min read
What is Working Capital?
Working capital is defined as the difference between current assets and current liabilities. Current assets are the most liquid of your...
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Sue Pitts
Aug 1, 20171 min read
What Is Equity Investment?
Small Business loan How the Debt-to-Worth Ratio Affects Your Loan Application Strong equity with a manageable debt level provides...
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Sue Pitts
May 30, 20173 min read
Buying Business Insurance
Five Tips for Buying Business Insurance Use these steps to assess what types of insurance are best for your business, and how to secure...
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Sue Pitts
May 18, 20173 min read
Extending Credit to Customers
By extending credit to your customers, you give them the option to purchase products or services today and pay for them at a later date....
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