A common frustration among small business owners is the lack of execution or implementation of their business strategy and objectives. In fact, they may have clearly articulated their vision for their business – their Big Hairy Audacious Goal – as James Collins and Jerry Porras put it in their 1994 book Built to Last: Successful […]
It is said that cash is the lifeblood of a business. That is never truer than when your business is growing. The faster the growth, the more cash you need. Even if growth for you is getting better rather than bigger, it still takes cash. Cash flow analysis is a vital component that is often […]
You know that running and building a business isn’t easy. There’s much that goes into the work of each day, details to take care of, and all the important strategic work, like planning for growth, improving your product or service, and achieving a competitive position in your market. The Value of Financial Management Systems […]
It’s often said that “You have to spend money to make money.” While there is a great deal of truth to that maxim, spending money does not always bring a return and – if done without forethought and a strategy – it can mean the difference between a growing business and looming bankruptcy. However, there […]
As a leader with a vision for your business you need a budget to plot your financial progress towards it. Budgeting helps you understand whether your vision is feasible or not. And it helps you plan the steps you need to take towards achieving it. A Budget Supports Your Vision For most business owners […]
The start of a new year is one of the best times for a business owner to examine their budgets and find ways to both try and increase revenue and lower business expenses. Oftentimes, cutting a little bit in a few areas can have just as much impact as cutting a lot from one or […]
At Premier Business Lending, we see and believe in the benefits of working capital loans for your business. Working capital is a short-term loan that is very flexible and offers a variety of financing options to help you achieve your goals. There are many types of businesses that regularly utilize this kind of loan, and […]