Ready to take the plunge and start your own business? Here are ten steps to successfully set up your small business:
A growing business is a business that is usually consuming cash flow. Rapid expansion means investments in development costs, marketing, inventory, and accounts receivable, the time between your investment and receiving the money from your customer can stretch out for months.
Large construction projects can take forever! Additionally, we want to match the cash flow …
Business is great, customers are excited about your product but you need more capital to service all of your new accounts. It’s time to think about bank loans to expand your business.
Start early! Banks are going to want to see two …
As business owners, we invest our experience and capital to service our customers, pay our employees and return a profit on our investments. Capital can come from the owner in the form of equity investments and also your first bank loan.
At a certain point, your business may need more investment to continue to grow. …
You’re a Type A business owner with grand visions of where you want to take your company. Because of this, you’re always looking for ways you can improve your business, or things you’re doing that might unintentionally be holding you back. In my years of experience working with talented entrepreneurs, I’ve noticed four big mistakes …
Cash is the number one limiter of growth for most businesses. The bigger you grow the more cash your business needs to buy inventory, pay staff, develop intellectual property and provide credit terms to your customers. A cash flow crunch can force a profitable company to halt its growth or even become insolvent. A few …