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What’s a Business Credit Score Anyway? Here’s What You Need to Know

Hubspot Sales

A business credit score shows lenders, vendors, and insurers how dependable your business is. A business credit score tells lenders, vendors, and insurers how trustworthy your business is when it comes to paying debts on time. It can influence loan approvals, insurance premiums, and supplier payment terms. The problem?

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What's Considered a Current Asset?

Hubspot Sales

Funding can come from a loan, investor, business line of credit , or you can pay cash. Is Prepaid Insurance an Asset? Prepaid insurance is recorded as a current asset on the balance sheet. It's the term used to describe advance payments for insurance coverage. And the entire amount is typically paid off within a year.

Insurance 137
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Your 4-Minute Guide to Calculating Operating Income

Hubspot Sales

Investors want to know if a company's core activities can result in a profit, so they can get a return on their investment. Creditors and investors take a careful look at a company's operating income. Insurance: $1,000. Profitability is a key measure of a company's success, especially for startups. Cost of supplies. Legal fees.

Banking 137
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The 5 Most Highly Paid Sales Jobs of 2017

Hubspot Sales

Insurance sales agents - $49,990. They usually sell securities to individual consumers, advise companies searching for investors, and take part in trades. 5) Insurance sales agents - $49,990. Insurance salespeople sell -- you guessed it -- one or more types of insurance. Advertising sales agents - $50,380.

Insurance 111
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Entrepreneurship vs. Employment — the Complete List of Pros and Cons

Hubspot Sales

Other entrepreneurs take out loans to cover startup costs or work with venture capital investors. Longer term, you’ll need to pay off loans and maintain your investor relationships. Con: Covering Salaries, Insurance, and Other Expenses. You have to pay your employees their salaries and offer insurance benefits.

Insurance 133
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How to Optimize Customer Retention in the Insurance Industry

ReviewTrackers

Improving customer retention can prevent billions of dollars of lost revenue in the insurance industry. What’s worse than losing billions in revenue is the amount that insurers have to pay to acquire new customers. According to Hubspot, the insurance industry is tied for the third-highest customer acquisition cost at $303.

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Sole Proprietorship 101: The Easy Guide to Setting One Up

Hubspot Sales

Additionally, an LLC can be owned by investors, while a sole proprietorship is usually owned and managed by an individual. Step 10: Load up on insurance. Because one of the biggest risks to starting a sole proprietorship is the liability it burdens the owner with, having adequate insurance is a must.

Banking 144