Follow these expert tips on establishing a line of credit to tide your business over when you might need it.
There's a big neon sign in every small business owner's office that says "game over" when the checking account gets to zero. A key way to keep playing when those cash-flow shortfalls hit is to establish a bank line of credit for your beauty business.
What is a line of credit? The term "line of credit" is frequently used but often misunderstood in the small business world. Simply put, a line of credit is a type of loan established by a business through a bank that can be drawn upon to fund the firm's cash-flow deficiencies.
Sally Beauty Holdings announced Feb. 5 that president and COO Chris Brickman succeeded Gary Winterhalter as CEO effective Feb. 1, 2015. Winterhalter will continue to serve the company as executive chairman of the board of directors.
Here's what you need to know before you start private labeling beauty products for your business.
Deciding to have your own products on the shelf is a big, exciting step in growing your business. It gives you a presence in the marketplace that sets you off as unique: your own products. Private labeling is a great way to beginning your own brand and building a broader future for your company. There are a few things that are important to manage so that these first steps lead toward success. Some of the steps are obvious, but some of them are not.
Macy’s announced Feb. 3 that it has signed an agreement to acquire Bluemercury—the large and fast-growing luxury beauty-products and spa-services retailer—for $210 million in cash. The transaction is expected to be completed in Macy’s fiscal first quarter, which ends on May 2, 2015, and be accretive to Macy’s earnings in its first full year (fiscal 2016).