Category: Growing a Business

Types of Business Loans: Compare 6 Sources and 7 Funding Types

March 7, 2020 Ty Kiisel

Looking for funding to grow your business? You’re not alone. Last year, 65% of small business owners in the United States weren’t sure if they had enough money to operate their businesses. That’s why many small business owners pursue one or multiple sources of financing to start, expand, or sustain their companies. A 2018 survey showed the most popular sources of capital for small businesses were: Personal funds: 77% Bank loans: 34% Friends and family loans: 16% Other sources: 11% Donations or gifts from friends and… Read More

4 Ways to Scale Your SaaS Startup

March 6, 2020 Ty Kiisel

With so many software startups in the current landscape, it seems like only a special few find the right formula for scaling their early-stage successes. How do you replicate the early wins and repeat them on a large, long-term scale? You need a comprehensive plan for achieving sustainable growth if you want people to stay interested in your brand and continue buying your software service. Check your business credit to see what loans you qualify for *When you sign up for a… Read More

Infographic: How Businesses can Build Trust With Employees

February 29, 2020 Ty Kiisel

What makes for a great employee? Every business wants people of high integrity who are driven, talented, dedicated, and creatively resourceful. But how can you attract and retain these employees? It has to start with a work environment built on trust. Businesses in which employees trust each other and their management is much more likely to have high revenue than businesses where trust is low. Let’s take a look at this well-done infographic to see how businesses can create cultures… Read More

12 Ways to Increase Cash Flow in 2020

February 3, 2020 Jennifer Lobb

There are a variety of metrics that can be used to determine the health of your business, but few are as indicative of success or failure as negative cash flow, or the net amount of cash that flows in and out of your business. A positive cash flow is essential for growth, as it's indicative of spending that's under control and flourishing sales and income. But how do you go about improving cash flow? There are two primary ways to… Read More

The 9 Small Business Conferences You’re Missing Out On in 2020

January 2, 2020 Linsey Knerl

If you ask small business owners about their favorite ways to grow their sales and get new customers, they almost always include networking somewhere on that list. That’s because it’s just that effective. But sadly, networking opportunities and small business development efforts can be pushed aside in the busy day-to-day of running a business. That's where small business conferences can come in. While they can be an efficient way to get industry insights, learn skills, or find vendors, it's the… Read More

How to Get Your Small Business Out of Debt in 2020

January 2, 2020 Gerri Detweiler

Rising interest rates and high levels of corporate debt have lots of investors concerned. Should small businesses be worried? The majority of small businesses (in most industries) are able to pay their bills on time. According to Experian/Moody’s Analytics Main Street Report, overall delinquencies for businesses with fewer than 100 employees were slightly down in the third quarter of 2018. Credit utilization rates were also down slightly. At the same time, that same research has found that rates for delinquencies… Read More