YOUR SUCCESS MATTERS
Based on the search results, some key financial metrics service-based entrepreneurs should track to balance growth and profitability include: 1. Customer Acquisition Cost (CAC): This measures the average cost of acquiring a new customer, which is crucial for ensuring...
Based on the search results, some common mistakes service-based entrepreneurs make during rapid growth include: 1. Neglecting a Solid Foundation: Prioritizing growth over establishing a strong operational foundation, which can lead to instability and challenges as the...
Some common challenges when scaling a business include: 1. Overlooking the Product-Market Fit: Failing to understand the target market and sustainable demand can sabotage success when scaling[1]. 2. Working With the Wrong People: Hiring the right team members and...
By Luz Urrutia Shortly after graduating college, I applied for a $500 credit card from my employer (a major bank) and was turned down because as an immigrant, I lacked a credit history. Years later, I was a co-founder of a mission-driven, for-profit community bank in...
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By: Oscar Muñoz For decades, immigrants have driven the economy of the United States. Some figures prove it. A report by the New American Economy found that in 2011 28...
By Brandon Andrews Professors, politicians, and prognosticators have—for years—implored the black community to “take all the money you spend on clothes, shoes, and hair, and...
By Marco Carbajo Access to cash and credit is a businesses lifeline. Business credit allows a company to borrow money that can be used to purchase products or services. It...
By Mike Enright Establishing business credit is an important step for any new small business and helps you to: (1) maintain a credit history separate from your personal...
by Jeffrey McKinney Venture capital firms across America are neglecting a $4.4 trillion opportunity to increase their returns by not investing with companies owned by...
