An unexpected challenge of running a successful business is the art of finding capital as the company grows. Many business owners focus their funding efforts exclusively on the startup period of the first year when the company needs money from investors, loans, or owner capital, but they may neglect to consider later needs of company finances once the business is running. Finding funding solutions for a business that is experiencing rapid growth can be a challenge. Depending on the type of … [Read more...]
Increased Demand: 3 Ways to Deal with Small Business Growth #smallbiz
Increased Demand Starting a business might seem fairly simple; it is. Building a sustainable business is certainly a different story. As a business grows, increased demand creates challenges. For example, there are times of the year where capacity needs to increase seasonally or may increase unexpectedly. Most businesses want to ensure that they can always deal with increased demand for their products and services. This might mean holding more stock, upgrading to a bigger warehouse, and even … [Read more...]
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