As the midpoint of the year approaches, it may be tempting for small business owners to shift into cruise control mode, especially if their business has been performing well or at least holding steady up to this point. Staying steady isn’t the same as growing. For many business owners, the mid-year mark provides them with […]
How businesses can use financing to stay ahead, without overextending As a small business owner, if you’ve ever had to delay a project, turn down work, or hit pause on hiring—not because you lacked opportunity, but because cash flow wasn’t there—you’re not alone. It’s common amongst small business owners to ask: I know this opportunity […]
Securing business financing can seem like a demanding process to small business owners as there are several aspects the borrower needs to consider prior to applying, such as what documents are needed to apply, how do they know if they qualify and what types of options are even available to them. If you are considering […]
Given the uncertainties of market conditions and the evolving economic landscape, it is imperative that small business owners take a proactive approach to these changes instead of just reacting to them. In an ever-changing and evolving economic landscape, small business owners cannot afford to be reactive. Instead, they must take decisive, strategic actions to secure […]
Running a small business often times requires working long hours every day, handling the majority of the business’ day-to-day tasks, while sacrificing valuable time with family and friends or life outside work. If this becomes a continuous trend, a business owner will almost certainly begin to start feeling overworked or burnt out, which can be […]
As the end of the year approaches, now is an ideal time to reflect, plan, and position your business for a strong start to the upcoming year. Whether your business is in construction, HVAC, agriculture, manufacturing, or any other trade, taking stock of accomplishments, setting growth-oriented goals, and preparing financially can lay the foundation for […]
As a business owner, you’re no stranger to the idea of risk. It’s a natural part of running any business. However, sometimes opportunities are passed over because they’re seen as too risky when, in reality, there’s something else at play—hesitation or concern about the unknown. It’s important to recognize when external factors like the economy […]
In today’s business environment, access to working capital is vital for growth and sustainability. While cash flow management and strategic investments are key, one often overlooked but highly valuable strategy is cultivating long-term relationships with sources in the lending world. Building a solid rapport with financial institutions, or alternative lenders can provide businesses with numerous […]
Running a business is fraught with uncertainties. Whether it’s a sudden economic downturn, unexpected expenses, or unforeseen disruptions like a pandemic, these challenges can threaten the survival of even the most well-established companies. This is where a financial safety net, commonly known as an emergency fund, becomes crucial. An emergency fund is not just a […]