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BFS Capital Blog

Latest thoughts, insight and tips from industry thought leaders on how to make your business thrive.

LLC vs. Sole Proprietor: Determining Your Business Structure

June 20, 2017

When starting a small business, one of the most important steps is deciding which business structure fits your idea the best. Although the process and amount of circulating information may be overwhelming, the legal entity of your business is crucial to your success. Two of the most common forms available for startups and small businesses are the LLC and Sole Proprietorship.…

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What to Consider Before Growing Your Business

June 20, 2017

Many owners dream of growing their small businesses into larger ones. Getting there involves loads of decisions to make along the way. But one of the most fundamental is how you’re going to grow your small business. Organic vs Inorganic Growth One way is to generate growth organically, which includes building your revenue and bottom line by increasing your customer base, reinvesting profits…

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Guide to Benefits for Small Businesses

June 19, 2017

You can’t afford a video arcade in the break room. We get it. You probably also can’t afford on-site yoga instruction, catered lunches from Michael Mina, and all the other unworldly benefits companies like Google and Facebook offer. But that doesn’t mean you can’t do something. To be clear, by “something,” we’re talking specifically about creating an appealing small business benefits package. The…

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11 Sites and Blogs Restaurant Owners Should Be Reading

June 19, 2017

Blogs have developed tremendously over the last decade, especially as resources for small businesses. In the past, they mostly consisted of bloggers writing about their everyday lives and adventures. Now, blogs have transformed into an online community for those with similar interests and hobbies, and one of the best sources of tips and information. As a restaurant owner, you need to be…

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Growing Impact of Showrooming on Retail Businesses

June 19, 2017

Showrooming | noun | showˑroomˑing – The act of visiting a store or stores to examine and try a product before buying it online for a lower price. Ex: “As more consumers are showrooming, e-commerce is now a direct threat to brick-and-mortar retailers.” Back in the day, before the internet was such a big deal, consumers would visit retail stores at the mall to…

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Advantages and Disadvantages of Cross-Training Employees

June 19, 2017

After going through the entire employee search, interview and hiring process, it’s time to train your business’ new employee. Typically when someone is hired on a managerial level, they are cross-trained to perform a variety of tasks in multiple roles within the organization. Now it has become common for new, non-manager level employees to also learn skills required for various…

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4 Reasons Small Business Owners Should Hire an HR Rep

June 19, 2017

Hiring a human resources representative can sometimes be the thing that separates a startup from a more stable business. HR professionals help take over several aspects of the business that can be crucial to maintaining company culture – hiring processes, legal compliance, payroll and employee relations. Not all business owners will feel the need to hire a human resources professional.…

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10 Conferences Small Business Owners Should Attend in 2017

June 19, 2017

Oftentimes small business owners may think that they are alone on their journey of business discovery and success. But in fact, many others have had very similar experiences. Conferences, seminars, and workshops are designed for business professionals – beginner to expert – to share their past and present experiences and knowledge with one another. Check out some of the conferences scheduled for 2017 by…

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19 Up-and-Coming Franchises for You to Consider

June 19, 2017

Sure, it may have been your dream to create your own concept from scratch and start a small business with your earmarkings all over it. And rewarding as that is, the fact of the matter is America is filled with companies who’ve figured out the formula for success and are willing to share it with you as long as you…

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Franchise Industry Steps Up Veteran Support Through VetFran®

June 19, 2017

There are many good things to say about the franchising industry, like the role it plays in the country’s economy and how supportive it is of its members. But, there’s another important area where the industry shines, and that’s its long history of reaching out to U.S. military veterans to help them transition back into civilian life. VetFran Serves Valuable…

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