Be prepared, and make sure your ideas are viable. So you have a big small business idea? Something you’re passionate about, something you’ve always wanted to do and something you believe is viable? The only problem: You don’t have the money to make it happen. That’s where community banks and loan officers come in. We’re here to help. Here are a few tips that can help you get the loan…
Our nation’s tax code is incredibly unfair for America’s 22 million smallest businesses, which include the self-employed and micro-businesses with fewer than 10 employees. The tax code should offer a supportive environment for companies of all sizes. In fact, it actually deters entrepreneurs from opening their own small businesses and those seeking to grow their businesses. With nearly 550,000 self-employed and micro-businesses throughout Kansas and Missouri, Congress should consider this…
How to prepare your company for sale. The story of your small business started one late night when a few doodles on a cocktail napkin evolved into a passionately documented idea that would change your life. Over time, its inspiration led you to strike out on your own. You gave your brainchild a strong name, possibly even your own, ensuring she’d develop a powerful stand-alone identity over time. Before your…
How to be the type of company that banks want as a customer. It’s easy to think about bankers and banks in terms of what they can do for your business. After all, banking is a service. But banking is also a relationship and an intimate one at that. Banking relates to one of the most personal areas of professional life—money. The intimacy of financial relationships ends up giving them…
If there is one lesson the recession taught even the most successful businesses, it’s that their biggest threat is often not a lack of profit. It’s a lack of cash flow. Slow-paying customers are frequently the culprit. In the spring of 2012, businesses were paying bills an average of 7.6 days past due, a 14.1 percent increase from the same period a year earlier, according to a study released by…