Marketing is one of the most important things a business can do. Not only does marketing build brand awareness but it can also increase sales, grow businesses and engage customers. There are so many core business functions that stem from a good marketing plan that any SMB would be silly not to give it a shot. It informs: On a base level, marketing is useful for customer education. Sure, you… Read More »Relevance Of Marketing To Your Business.
According to Karen Banks, Some business owners begin their operation with a wave of optimism and enthusiasm but without a well thought out budget they find it is not possible to create a successful action plan. When running a business it’s easy to get bogged down with day to day problems and miss the bigger picture. Successful businesses allocate time to create and manage budgets, prepare and review business plans… Read More »Why You Need A Budget For Your Business.
Small businesses take out commercial bank loans for a variety of reasons. Loans can come from other sources as well. Credit unions make loans to small businesses. Loans can be made using accounts receivable or inventory as collateral. Borrowing money is expensive for a company and raises its risk. In addition to the risk of whatever enterprise you are undertaking, borrowing money introduces another level of risk to your company.… Read More »Importance of Loans To Your Business