The decision has been made. You have decided that XYZ bank is the bank-of-choice to lend your company some badly needed capital. Now is the time to pay that banker a visit, right? Wrong.
Once you sit down with a business banker, you will need to answer a variety of questions about your financial needs and business goals. If you do a little homework before hand, answering those questions thoroughly may ensure a smoother, and possibly quicker, loan application process. Below are a few of the questions that most commercial lenders will want answered before your loan application can proceed.
When large scale disasters hit an area, the infrastructure failure is particularly damaging to small businesses. Recent flooding in Louisiana points to a hard rule: when your business is cut off from clients, vendors and critical staff, the economic losses continue long after the cleanup is done.
The key to protecting your assets and becoming resilient in the face of a natural disaster, cyberattack, or random power outage is having a solid business continuity plan. The cost of developing a plan is low, compared to the long-term financial losses that could occur when you’re caught off guard by a crisis.
One of the most effective ways to grow your business is also one of the oldest: networking. While it may not get as much buzz these days as social networking sites like Facebook and Twitter, old-fashioned, face-to-face networking is still essential for building a business.
If networking makes you nervous, try these tips to make it easier, more effective and maybe even fun.
1. Set goals for networking. Like any business effort, you need to set measurable goals so you can determine the best networking strategy; such as making X number of new contacts or qualified leads per month.
Manufacturing enables our everyday lives, drives our economy and can bring communities across the country together. This infographic represents how manufacturing is diverse, supports 18.5 million U.S. jobs and has a multitude of career opportunities including engineers, designers, machinists and computer programmers.
Just in time for this year’s Manufacturing Day on October 7th, it’s been updated to represent the amazing results of MFG Day 2015.