Helping Businesses Grow & Succeed
One of the biggest challenges of a Stage 1 company (1-10 employees) is getting focused. Not only on what crisis to take on for the day or week, but what product or services they should offer. Getting focused on product offerings requires a business owner to rewire their thinking on […]
As a Stage 1 Company (1-10 employees), one of the greatest challenges is generating, tracking and preserving cash. Cash is King is the mantra for successful companies. Many business owners recognize early on that simply ‘making money’ isn’t enough. You have to keep enough of it to reinvest in your […]
The honeymoon is over. You have your start-up capital, you quickly ramped up to 4 – 6 employees and now the fun begins. Getting out of the gate with a new company is not easy, but it’s a cake walk compared to creating a consistently profitable business that you run […]
One Florida SBDC at FIU consultant says only about 15 percent of the small businesses he sees are eligible for a traditional small business bank loan. If you are in that elite group, great! For everyone else, there are options. There are alternative financing options – yes, they are more […]
Don’t meet bank qualifications for a business loan? Here are three community financing organizations that the Florida SBDC at FIU works with for Miami-Dade and Monroe County businesses. Each of them lends money and has its own criteria. Miami Bayside Foundation The primary mission of MBF is to provide access […]
Raising capital to grow your business is a challenge – for just about everyone. While small business loans are one route to take, some growing companies have business models and present opportunities that would appeal to outside investors, such as venture capitalists, angel investors, private equity or family offices. Florida […]
Think your growing small business already has a handle on cash flow? Think again. To be sure, businesses as small as the tiniest mom and pop store to as large as GE struggle with cash flow. But growth-stage businesses need to know this: Cash flow problems can impede your growth. […]