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One founder told Insider she used credit cards to support her business growth. This article is part of "Starting Up Your Small Business," a series exploring steps small-business owners can take when starting out, transitioning, or scaling up. She also looked for cards that offered benefits that could support her business growth. "If I had stayed where I was and we bootstrapped, I would have had to take on a lot more and wouldn't have the time to invest in building Fresh Starts," Dreizen Howell said. Though there is no one-size-fits-all way to fund a company, Dreizen Howell advises founders to think big about the possibilities.
Persons: , Elizabeth Gore, Cash, David Manshoory, Chloe Homan, didn't, that's, Homan, You've, she's, Alleyoop, Manshoory, Olivia Dreizen Howell, Dreizen Howell Organizations: Service, Curlfriend, Delta, Alleyoop, Registry Locations: Belize
The beauty startup Alleyoop shared part of the application it used to earn $230,000 in tax credits. AlleyoopIn its application, Alleyoop said that Kashani, who leads product development, and other technical personnel met the program's criteria in designing "a state-of-the-art all-in-one portable razor." It described creating 3D models during product development and determining the best materials to "maximize protection from pathogens while maintaining the product's functionality." Concept FormationMany of these solutions required the Project Team to design products that met extremely narrow spatial specifications. R&D ObjectivesSphynx's objectives required the Project Team to design and research new ideas and transform them into viable prototypes suitable for testing out hypotheses regarding design parameters.
"The growth stage of the business plays a significant role in how business owners reinvest their money," Jenny Shum, General Manager of Chase Ink, told Insider via email. "Small business owners have had to reimagine the way they do business over the last three years," she said. "This year, business owners are investing heavily in technology to sustain their business, cut costs, and increase efficiencies in order to mitigate ongoing economic pressures." It can also reflect what's going to be purchased and how it's going to be sent to customers, Manshoory said. MarketingMarketing is important all year, so business owners should reinvest in attracting customers, Franklin said.
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