Essentials for Getting a Business Loan

To start or grow any business, you’ll need funding and most businesses are funded through three sources: personal savings, loans from friends & family and commercial loans from banks. If you’ve already tapped through the personal savings and the friends and family, it’ time to get ready for that first commercial loan. And like any project, preparation is half the …

Are All Your Customers Created Equal?

“The customer is always right.” “We have to take care of the customer no matter what.” “The customer focused business is a successful business.” We’ve all heard or probably said those things. Have you ever had a customer that you were always happy to see and were happy to see you? Your transactions always went well, were profitable and they …

Good Habits for Your Business

Scientists studying habits in people have noticed some interesting things. If a person repeats a behavior over the course of 3-4 weeks the behavior becomes ingrained as a habit. While we form habits somewhat unconsciously in most instances, there is usually a loop of cue, behavior and reward. Something as simple as brushing one’s teeth in the morning are habit: …

3 Rules for Smart Business Growth

Entrepreneurs are optimists. Otherwise, why take the risk to go into business? The downside: when the entrepreneur is planning her business, the optimism translates into the classic “hockey stick” explosive growth that few businesses can hope to achieve. Growing a business takes discipline and planning. And, planning is not done when the business plan is written. Plans are revised and …

Can a Growing, Profitable Company Go Bankrupt?

The goal of every business leader is to grow the business or organization. Right? Sales solve all problems. Right? If I could just increase sales by 10% or just find that next big contract all my problems would be solved. Right? Well, maybe. What many business leaders fail to consider when celebrating that next big contract is the cost to …