Most owners focus on operational activities, not seeing how decisions like financing purchases and selling assets make a difference. Projecting future cash flow isn’t easy, but it’s even more complicated in construction because no project is the same and change
While traditional banking continues to be the primary source for commercial lending, small businesses are beginning to take advantage of other nonbank alternatives. In fact, according to a Secured Research study, over 70% of small businesses said they shopped around
Have you encountered roadblocks as you seek to make your company more efficient? Let’s look at some strategies that may bring better focus. Communicate early and measure success Change is always easier if you communicate to your employees that you
Small business owners should recognize this sometimes-overlooked fact: Success often relies less on acquiring new funding and more on wisely utilizing existing resources. In other words, growth for its own sake isn’t always good business. By monitoring expenses, reevaluating pricing,
Generally, the depreciation rules are used to try to match the expense of an asset to the income the asset helps the company earn. However, through the utilization of different sections of the Internal Revenue Code, there are opportunities to
When a business doesn’t have a clear idea of its annual budget, it runs the risk of spending more money than it earns that year. You may have been running smoothly for years, and then decide to expand or replace
Every small business reaches the point at which they need more funding to grow. At the beginning it’s simple: you likely can use your credit card or ask family and friends to invest. If things go well, and you’ve exhausted
It is difficult — but not impossible — to find funding for a business in volatile economic times: Some investors are always looking for new opportunities. These investors might find a business attractive if it is in a sector that
Since the start of the COVID-19 pandemic, many aspects of business have changed. These can include (in some sectors) the increasing availability of private equity, the burgeoning use of AI, the ongoing difficulties in finding talented personnel, and the shifting