One of the most successful industries now is vaping. By 2023, the industry is expected to reach $48 billion. So, it’s not surprising if you’re considering starting a vape juice business. Your finances should be the priority when you plan your business.
There are many options for small businesses, but business loans remain the most popular. How do you get a business loan? Continue reading to find out.
Calculating Expenses
You need to determine your business expenses before you sign up for a …
With the rise of CBD products, the number of people interested in the cannabis business has also increased. However, regulations and legal implications are still blurry, and this is one of the main reasons why most investors are not fully committed.
Fortunately, there are financing options out there for cannabis business owners who want to avail of loans. Albeit few, the funding options for a cannabis business can increase exponentially once CBD products sich as the premium cbd flower by exhale well have national recognition and approval.
But for now, these are the best …
The legalization of Cannabidiol manufacturing in the US, Europe, Canada, and other parts of the world has increased the demand for CBD products. Hence, the CBD sector, both the hemp and cannabis industry, is one of the fastest-growing businesses nowadays.
Interest in getting involved and being part of the trend? Well, here’s your ultimate start-up guide for your CBD business:
Know the Laws and Regulations
The legalization of Cannabidiol means that it is legal to use and manufacture CBD products. However, the federal government imposed a limitation that only CBD …
Having a business bank account is required to take advantage of business financing products. If you have not set up one, here is a simple guide on how to open a business bank account:
The first thing you need to do is to prepare all the necessary documents before going to a business bank nearest you. These documents are fixed across all types of businesses. Prepare two of the following documents:
Canadian permanent residence card
Passport (of any nationality but preferably Canadian)
Health card
Canadian Military identification card
Birth certificate
…
In operating your business, it is important to continuously check on your business’s financial performance. This can be done at home or in the garden. Knowing the performance of the financial side of your business leads you to understand your business credit.
What is Business Credit?
This is a credit that is reflected by your business credit score and determines your capacity to receive and return loans and meet financial obligations on time like paying utility bills, taxes, and invoices.
In building your business credit, you can improve your position in making loans for your business, and it …
While they are both credit solutions and loan products, personal and business credit has a lot of differences:
Personal credit is the availed loan product used to finance personal expenses. Business credit, however, is availed for financing your business expenses.
Personal credit scores determine your capacity to repay personal loans as determined by your paying of household utility bills, repayment of personal loans, etc. Business credit scores have a lot of determiners and are governed by business regulation committees as well as business credit bureaus.
Personal credits offer loan products like student …
