It’s easy to get caught up in the thinking that acquiring lots and lots of customers is the fast pass to success, but many small businesses and startups try to do that too quickly and that may be a mistake. Even fast-growing technology companies like Amazon, Airbnb and Uber acquired […]
Author: Nancy Dahlberg
Need to finance real estate or equipment? Don’t overlook the SBA 504
Are you a looking to finance a commercial real estate or industrial equipment purchase for your growing small business? If so, an SBA 504 loan may be right for you. Jacqueline Sousa, regional director of Florida SBDC at FIU, says many small businesses don’t know about – or don’t understand […]
Business owners, this blog is for you. Tell us about your growth pain points so we can help.
What are your biggest challenges as a growth-stage entrepreneur? Or if you are just getting started with your business, how can you build a foundation now for high growth when the venture is ready? Maybe your small business had been growing as projected but now it has stagnated. What can […]
A strategic growth plan is not that thing you look at once a year. Here’s how to get started.
Goals, goals, goals – we all have them, but did your company hit them last year? How about for the first quarter of 2019? What are your growth goals for Q2 for all of your function areas and does everyone in your company know what they are? If your company […]
How to improve your small business’s credit standing
Why is personal credit history so important for a small business? How can a small business improve its business credit standing? How does one choose a business credit card? To get a better handle on the biggest issues hurting growing small businesses when it comes to building and qualifying for […]
Is there conflict in your family business? It can be good for the business.
We all may know of a family business torn apart by conflict. But a Columbia Business School professor writes in a Harvard Business Review article that, in fact, not enough conflict is also bad for business. Whether it is too much or two little conflict, “the business can suffer from […]
For family business success, follow these best practices
Even with the best intentions for a lasting legacy, family businesses find the odds stacked against them. Only about 30% of family businesses survive into the second generation, about 12% make it to the third generation, and only about 3% of all family businesses operate into the fourth generation or […]
Growth sprouts at this family business
For Olivia Wong, being a key player in the family agriculture business wasn’t always part of the plan – well, her plan anyway. When she chose her double majors at the University of Miami – motion picture production and history – it was about as far away from produce and […]
Hiring? It’s a jungle out there. For small businesses, creativity may be the key.
Have hiring plans for 2019? You’re not alone – 47 percent of Miami area small businesses plan to hire in 2019, according to a recent Bank of America survey. But with the national unemployment rate at the lowest level in 50 years, the tight job market overwhelmingly favors the job […]
No. 1 training tip: Start with your front-line managers
New year, new goals. If as the owner of a business you have resolved to put a sharper focus on training this year, we have some advice for you. Small businesses, of course, don’t have the luxury of the large training budgets that bigger businesses have. But that doesn’t mean […]