Parallels Between Triathlons, Training Discipline, and Running a Small Business
In the world of triathlons and small to medium-sized businesses (SMBs), success often hinges on discipline, commitment, and a well-structured approach. At first glance, these two realms may appear vastly different, but a closer look reveals striking similarities. Goal Setting Both triathletes and SMB owners understand the importance of setting clear, achievable goals. Athletes set […]
Exploring the Range of Funding Options for Small and Medium-Sized Businesses from Bizcash
In today’s dynamic business landscape, access to flexible and reliable funding is crucial for the growth and success of SMEs. Bizcash, a leading financial institution, offers a diverse range of funding options to cater to the specific needs of SMEs. Let’s delve into their various funding solutions. These include solar finance, business overdraft facility, selective […]
Term Loans: What they are and how they can benefit your business
Term loans are a popular financing option for businesses seeking to raise capital for growth or other purposes. Essentially, a term loan is a loan that you pay back over a specified period of time, typically ranging from 1 to 10 years. Unlike revolving lines of credit, which you can use and repay multiple times, […]
The benefits of business loans for your company
Running a business is not easy, and cash flow is always top of mind. For your business to grow, your company should consider business loans as an option to expand your business. Here are some of the reasons why lending money for your business is a good thing: You can borrow more significant sums of […]
Four growth strategies for your business
Even in a harsh economic environment, you can still start with some growth strategies in your business. In fact, it is in depressed markets that you can take advantage. As a default and some negotiations, your business will grow. What are the four growth strategies you can implement? Market penetration Product development Market expansion/development and […]
Is it time to franchise your business?
So you have been growing your business successfully, and it may be time to expand. Franchising your business is a great way to expand. Understand what the pros and cons are to creating a franchise business. Potential advantages Franchising provides additional cash injections into the business, which will help the expansion. You can remove yourself […]
Hiring a diverse team can change inspire innovation
Diversity in the workplace is not a checkbox exercise. It is not something that the law should force on companies. Instead, correct diverse hires can offer up so much more, given a chance. A diverse team will enable a company to solve problems from a team that thinks differently. The Harvard Business Review reported, companies […]
Focus on your customer to grow your business
As a business owner, your role in the company is not to be so hands-on that you do not take time to have conversations with your customers. When times are going well, you should have regular contact with your customers to ensure the relationship remains stable and your mutual objectives remain aligned. When times are […]
When times are tough, the tough buckle down
Many small companies struggle with the debate about when to double down and work harder to achieve growth and success and when to let go. Before the Covid-19 pandemic hit, many companies were already teetering on the edge of collapse, and all it took was one or two months with no income to fold the […]
