Viably Receives $21M in Seed Funding

Viably recently completed a $21M Seed round this week with support from previous investors Viola Ventures and Salesforce Ventures, while adding some new partnerships to our team with Angular Ventures and Bull City Venture Partners. Our mission at Viably from the very beginning was to create a solution that small business owners could use to gain fair access to capital when they need […]

What Would a Recession Mean for Small Businesses?

Let’s start here: the United States is currently not (technically) in an economic recession, which is defined by two consecutive quarters of negative growth in the gross domestic product (GDP). But there are justified fears of a recession looming. The US economy shrank by a rate of 1.4 percent in the first quarter of 2022, […]

10 Best Tax Deductions for Small Businesses

A tax deduction, or tax write off, is a business expense that can be subtracted from your taxable income, decreasing the amount of money you owe. Tax deductions for small businesses are important because they ultimately reduce your tax liability and lower your tax bill. This will help your business save money in many areas. […]

Do I Need an Accountant for My Small Business?

Many small business owners feel they need to do it all, but should that include the stress from managing all the business finances? When it comes to keeping the books, there are three people to look at: yourself, someone on your team, or an accountant. Given your limited bandwidth as a business owner, it’s natural […]

5 Biggest Mistakes Small Businesses Make

According to the U.S. Bureau of Labor Statistics, 20% of start-up businesses fail during the first two years and around 50% fail in the first five years. This can be discouraging to startup entrepreneurs who are looking to start a business. Let’s look at the five biggest mistakes small businesses can make and the potential […]

The Top 5 Reasons You Need a Business Bank Account

  When you’re starting a small business, there are a lot of important decisions to make. One of the most important is what type of bank account you should use. In today’s age of side hustles, freelancing, or opening a business from your makeshift home office, small business owners mistakenly believe that they can use […]

5 Tips for Improving Your Business Credit Reports

If you’ve been through the process of building your personal credit, you know it takes commitment. Building your new business credit is similar in this way, but it’s a little more complicated than building your personal credit. Whether your business is new or it’s been operational for some time, you can follow these five steps […]

Getting Started With a Business Credit Report

What is a business credit report? You may be familiar with FICO score for your consumer credit report. Well, a similar credit score exists for your business. A business credit report is how the bureaus monitor information about the risk involved with your business, specifically around credit and lending. Simply put, your score indicates your […]

Study: Less Than Half of Small Business Owners Monitor Cash Flow

Successful small business owners almost always have a passion for their products or industry. They almost always have natural business savvy, confidence, and work ethic to succeed. But not all of them have a background in finance. So without a CFO or an accountant on staff, how do they manage small business finances? How much […]