If capital is the lifeblood of business, business loans are the most common medicine. Many business owners enjoy the benefits of borrowing a set amount of money with a clear repayment plan. Loans are a familiar way to fund business growth. Business loans, credit cards, and lines of credit account for about three-fourths of financing for new firms, according to the Small Business Association (SBA). About one third of small businesses used a bank loan in the last 12 months, … [Read more...]
5 Small Business Challenges and How to Overcome Them
Maintaining an effective small business provides a sense of fulfillment and achievement. Eight out of ten business visionaries begin as tiny startups for their first year and a half. Here is a list of small business challenges and ways to resolve them. 1. Overseeing New Workers Requires Some Serious Energy Onboarding each new employee can be difficult, as it is very tedious. So instead of communicating with each individual exclusively, make a rundown of data that everyone ought to know. … [Read more...]
What Do YOU Most Need or Want to Know? #smallbiz
Click image to read Small Business Economy: How to Beat the Recession ~ Image Credit 123rf.com The reason GrowMap exists is to share with my readers and anyone involved with small businesses or blogs who finds their way here what really works. The Internet and indeed even the offline world is filled with con artists selling lies. Get-rich-quick peddlers who are polished and convincing lead far too many down the garden paths to failure. People truly do not know who to trust or what … [Read more...]
