SCALE is such a sexy word nowadays. But, executing a sustained and impactful scale for your business is a lot more difficult than it seems.
Applying for a business loan or line of credit from a bank right now is difficult. Knowing the 6Cs that banks consider when reviewing your loan application can make the process a lot smoother.
Let’s dive into how knowing your numbers is essential to gauge the current health of your business and figure out what you need to achieve future business goals.
I hope that by reading and listening, you start to see things through my lens and the lens of other Black women business owners.
Planning may feel pointless as we face another lockdown and increasing COVID-19 cases. But as business owners, it’s important that we control what we can within our business.
With businesses now on the cusp of reopening, employers are bringing back workers at a reduced capacity. Those who chose not to lay off or furlough workers need to make strategic cuts in order to stay afloat. One method of doing this is through a state-administered workshare program.
In this piece, four women – a business performance coach, a digital marketing maven, an architect and a graphic design firm owner – share their insights on how they have managed through crisis.
Small businesses are really hurting right now. The banks and bankers have a tremendous opportunity to help.
Think of this like a checklist for responding to the immediate business crisis of cash flow.
Imagine that you had a financial officer on your team that made sure your books and financials were up to date and readily accessible.