Keys to Building Enduring Relationships Relationships are the key to success in business. It doesn’t matter if the relationship is between you and a co-worker, a referral source or a customer, without them you will fail. All types of relationships are vital for a long and successful career. It is your responsibility to effectively build [...]
“Can your small business lending services really be equated to something as simple yet monumental as learning how to ride a bike?” That’s probably the first question that popped into your head. Perhaps you have other questions in mind along the lines of “Is growing my company really going to be as simple as [...]
Determining a financial strategy and partner in today’s small business climate can be a daunting task. Where do you get the financial advice needed? How do you implement it? When is the right time to seek out financial support? What type of financial advice should you be seeking and from whom? These are good questions [...]
If you’re caught in a small business funding bind, know that you’re not alone. It’s actually a pretty common issue for ambitious entrepreneurs to identify a market gap and rapidly fill it with a product or service that seems lucrative. Perhaps new small business owners will even improve on an existing product or service, [...]
Is your company experiencing explosive growth? Are you struggling to get past the “launch phase”? Perhaps you’ve successfully achieved that elusive balance between not enough growth and too much growth where your business is steadily expanding at a rate that you can handle. Whatever happens with your own business, it’s fair to say that [...]
“It’s all a numbers game,” you might be thinking. “Our business needs X amount of dollars to finance the equipment we need, hire the people we need, and just to get operations going in general. Beyond that, we’ll need to work for X amount of time until we’re able to turn a profit, which [...]
When we hear something like “We finally did it! The state of our company’s cash flow is finally at a healthy balance, and we’re beginning to expand and turn a profit like never before!”, our working capital lenders know that the hard work that we put into financing and growing that particular business paid [...]
If you’re trying to make it big in a dying industry, then you might want to reconsider your entrepreneurial approach. With the rise and eventual demise of companies like Blockbuster, you wouldn’t open up a brick and mortar video rental shop, would you? We really hope not, because even if you attempted to do [...]
To many, the holiday season, Independence Day, Memorial Day weekend, or even St. Patrick’s day might be their favorite time of year. Of course, everyone has a valid reason (or many valid reasons) to have a favorite time of year. While we might not share this with the majority of people, to no surprise, [...]
Turnover: it’s bad for everyone involved. Ideally, you’ll want to generate equity in your employees as the owner of your business, meaning that they should stick around for a long time. Not only will you have to hire new people to replace your old people, but you’ll also have to retrain them, sift through [...]
