How to get inventory when you’re low on cash
For retailers that don’t want the overhead of stockpiling merchandise, drop shipping can be a cost-saving option.
Mike, Queens, NY
I started a home-based wholesaling business six months ago and got four credit cards totaling $18,000. I was scammed out of $10,000 and invested another $4,000 into a Web site and advertising. Now my cards are almost maxed out, and I need the cash or credit to purchase merchandise. Business people tell me it takes a few years before turning a profit, but I’ve worked like the devil these past six months to finally get the contacts and deals I’ve been searching for, only now I don’t have the cash or the credit. Is there anything I can do?
Cash incentives to go green
Environmentally friendly practices can help your business grow – and grants and low-interest loans are available to help.
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John, Lynnwood, Wash.
“I’m looking to make my auto detail shop very green. Are there any government grants that I could get to convert everything to the greenest detail shop you’ve ever seen?”
Business grants: Sorting out the scams
Grants for small companies are almost as rare as unicorns. Here’s how to protect yourself against fraud.
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Adriana Matteo, Warwick, R.I.
I’d like to start a small business and need a grant to start. How do I go about it and who do I need to contact? Everything seems to be a scam, but I know there are grants out there for young women who want to start a business.
Turn your receivables into quick cash
“Factoring” can be a godsend for growing businesses that need to smooth out their cash flow. Here’s what you need to know about it.
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Gary, San Jose
Can you recommend a reliable factoring company? Is there any factor company that can work with us to invoice our clients using our name, so that our client doesn’t know we’ve factored our receivables? Read more…
Are layoffs my only cost-cutting option?
You can still cut back without shedding staff. Here’s how.
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Avery Wasoleck, Partner, Lane Office Furniture, New York City
When costs need to be cut, the first thought is often employee layoffs. Is there a more creative way for my business to achieve savings?
Is now the time to buy a business?
A downturn can be a great time to become an entrepreneur – but only if you’re prepared, financially and emotionally, to wait out the economic turmoil.
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Charlene, Fort Myers, Fla.
I’m interested in buying a small pack-and-ship company. It’s for sale for $70,000 with a gross profit of $245,000 a year. As an owner, after making all my bills and deductions, I would make about $60,000. My husband and I want to run it ourselves, with no employees, but we are worried: Is buying a business in the current economy a smart idea? Read more…
Enterprise zones yield lucrative tax breaks
If your business is in a target zone, don’t miss out on the benefits.
Ros Borden, Miami
My wife and I own a convenience store in a federally designated enterprise zone. We have eight employees and we have owned the store for two years. We are struggling to stay afloat and to hold onto our employees. Can you get us information on how to use this designation to benefit us and our employees? I have already cashed out my retirement money. If we can’t get help, we’ll have to put eight people out on the street. Read more…
Where to find a biz to buy
Internet databases can get you off to a good start, but be prepared to hire someone to help to narrow your search.
Tyler Lowe, St. Louis
I would like to buy or become a controlling partner in a small/medium size business in the St. Louis area. How do I find businesses that are either for sale, or that have owners who would be willing to discuss a sale? My broker (with a huge financial services firm) has not been able to generate many leads. Read more…
Buy now or wait?
Joanne Carine, Bayonne, N.J.
I am 23 years old, am a hairstylist and the owner of my salon is going to sell the shop next year. I would love to buy the shop and would need a small business loan. I have been a hair dresser for 3 years. I live with my parents but financially they cannot help me purchase the shop for $150,000. Should I borrow the money or wait until I am older and have more experience?
How to make a purchase without money or credit
Leonard, Russellville, Ark.
For four years I was production manager of a business which is now up for sale. I want to buy it. This business never showed a profit until I took over, then made money 2004-2008, while I worked there. I don’t have the money/credit to buy it, and I have been seeking out investors who would be willing to help me based on my track record as manager. Would appreciate any advice or input.
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In a tough economy, more business owners are bartering for the stuff they need. More
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In Oregon, the Recovery Act is paying for a local small business to protect nearby communities from wildfires. More
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Smart entrepreneurs are now doing deals in 140 characters or less on Twitter. More
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As more customers choose - or are forced - to fill prescriptions by mail, independent pharmacies are struggling to survive. More
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A Texas hospitality company considers where to invest and where to cut back to weather the recession. More
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How 7 innovative companies are inspiring workers and boosting the bottom line. More
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42 startups duked it out in the world's most lucrative business plan competition. We trailed one team to the bitter end. More







