America's SBDC Blog - Page 9 of 191

America’s SBDC Blog

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What is alternative credit and lending?

May 9, 2023

By Ken So

Small businesses, especially the newest, smallest businesses, can face challenges when trying to secure financing through traditional banks and credit unions. If you own one of these types of businesses, then alternative funding can be a viable option to meet your financing needs.

Of course, as with any type of funding, there are certain things that you should be aware of before signing a loan agreement. In this article, we’ll explore what alternative lending is, how it differs from traditional lending, and what to know before applying.

Appletree Learning Center a Child Education Service Founded in 2022 Succeeds with the assistance of the Pennsylvania SBDC Network

May 8, 2023

SBDC Consultant:
Amber Guerrero

SBDC Assistance:
Financial Projections
Social Media Assistance
Market Research
Ribbon Cutting Planning

Build Your Profit Maker’s Intuition with Breakeven PLUS

May 3, 2023

If I were to ask you what is the most important financial skill you need to master to
improve your ability to make more money in your business, what do you think it is?

Benchmarking? Cash Flow Forecasting? Ratio Analysis? Creating Ninja-level
spreadsheet formulas?

The answer is none of the above. It’s mastering Breakeven PLUS. Breakeven PLUS is
the fastest and most effective way to hone what I call your “Profit Maker’s Intuition.”
Once your Profit Maker Intuition is dialed up, your ability to make the right decisions
that lead to more profits goes way up as well.

Sustainable Practices for Small Businesses: Tips for Getting Started

April 22, 2023

By Leora Price

There’s no time like Earth Day to green your small business, but where do you start? Is
it time to invest in carbon offsets, or would a new HVAC system be a better way to go?

Consumers’ demand for green products and services goes beyond sentiment. A recent
joint study by the global management consulting firm McKinsey & Company and
NielsenIQ found that products marketed as eco-friendly grew 28% on average in the
past five years. Those that didn’t make such claims only grew by 20%.

As with any new venture, making your small business more environmentally conscious
can seem intimidating. With a little reading and a can-do attitude, however, it could be
your business’s time to shine.

If you want to build a Multi-million Dollar Company, start with the end in mind and have a plan

April 19, 2023

By Profit Soup

A good way to build your business value is to start with the end in mind. For example:

- What do you want to accomplish?
- What do you need, financially, to move on after you’ve accomplished it?
- What is your exit strategy?

To create value is to maximize the combined return that occurs throughout your tenure of ownership and when you exit. If you can identify the return you wish to receive both along the way and at the end of the road, you can build a plan to achieve it. How and when you intend to exit the business will determine what you need to accomplish before that day comes.

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