Building your small business without a business plan is like going for a boat trip without knowing where you’re going.… Read More
There are generally five core strategies to increase your profit in your business, each having a multiplier effect. Rather than trying to double your sales which is often difficult to do in a short period of time, you’re better to try and increase each of these five aspects by 10% for cumulative results. 1. Increase… Read More
There are many reasons why small businesses experience sudden cash flow crunches. Identify the reason for your cash crisis and move quickly to solve the problem: External factors have caused a sudden drop in demand At times there will be things that happen locally or globally that impact on what customers buy which you have… Read More
There are a number of things you can do to reduce the impact of the Corona virus on your business. Short-term there are subsidies and actions to minimize the damage while long-term you may need to rethink how your business operates. A business usually gets some advance notice that all is not well: sales start… Read More
Whether you need funding to grow your business or merely get off the ground, a Small Business Administration (SBA) loan is only one of many options available to you. Before deciding on which source of capital to use, carefully consider each possibility. What are the alternatives to a SBA loan? Most of us are familiar… Read More