Category: Growing a Business

Small Business Emergency Funds: Preparing For Financial Need

Just as an emergency fund is essential when it comes to your personal finances, an emergency fund for your small business can help your business survive setbacks. The average business has about 28 days of cash on hand. And in a Federal Reserve survey of business owners, 17% of business owners said that if faced with two months of declining revenues, they would have to close. A business savings account can be a lifeline. Learn how to create a business… Read More

Small Business Financial Strategy: Tips For Success

How you manage your finances, as well as how you plan for future growth, are the cornerstones of a successful business. But if you’re like a lot of entrepreneurs, you haven’t put much thought into a financial strategy. You may be so mired in the daily tasks of running your business that you haven’t considered what you need to do for future success. That’s where having a financial plan comes in handy. It can help you make the most of… Read More

How to Scale a Business in 2024: A Complete Guide

Every startup and small business dreams of rocketing growth. But without a little planning, business owners may stay mired in focusing on daily tasks and to-dos and may not take time to come up for air to work on their business strategy for growth. If you dream of expanding your business, get a plan for scaling it smartly and sustainably over time. What Makes a Business Scalable? Scaling a business means growing it slowly and steadily so that it can… Read More

How To Grow Your Small Business in 9 Steps

Most small business owners are so focused on the day-to-day of running their businesses that they don’t think about how to take their business to the next level. Stop for a moment and consider: how could you grow your business? How could you increase revenues, serve more customers, and create a more financially stable business? Here are 9 ways to grow your business. Do You Know Your Business Growth Potential? When you run a new business, sometimes it feels like… Read More

Small Business Expansion Loans

Is your small business ready for growth? Maybe you can serve more customers if you open a second location or can increase revenues by expanding your product line. Whatever your business needs for growth, you need the cash flow and capital to make it happen. Finding the right loan is key for the future success of your business. Is Your Business Ready for Expansion? How can you know if it’s time to expand your business?  Consider the market you’re in.… Read More

Small Business End-of-Year Checklist & Planning

The end of the year is often seen as a perfect time to reflect and plan for the year ahead. But the reality for most business owners is that it’s crazy busy and it may feel like all you can do just to make it through. Though you may not have a lot of time for quiet reflection, do your best to try to carve out some time so you can review where your business has been and where you… Read More