{"id":713,"date":"2020-08-25T15:49:29","date_gmt":"2020-08-25T15:49:29","guid":{"rendered":"https:\/\/salarydistribution.com\/2020\/08\/25\/strategically-using-finance-to-accelerate-your-small-business-growth\/"},"modified":"2020-08-25T15:49:29","modified_gmt":"2020-08-25T15:49:29","slug":"strategically-using-finance-to-accelerate-your-small-business-growth","status":"publish","type":"post","link":"https:\/\/salarydistribution.com\/affiliate-marketing\/2020\/08\/25\/strategically-using-finance-to-accelerate-your-small-business-growth\/","title":{"rendered":"Strategically Using Finance to Accelerate Your Small Business Growth"},"content":{"rendered":"
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\"disclosure\"<\/a><\/p>\n

When you have a small business and work from home (pajamas are optional), then it\u2019s important to avoid becoming stagnant. That applies to you and your business.<\/span><\/p>\n

\"Strategically<\/p>\n

Too much time behind the desk without getting outside to enjoy some fresh air and different scenery are not healthy. But, also, so is failing to push your business up to new heights too.\u00a0<\/span><\/p>\n

As the old saying goes, \u201cIf you\u2019re not growing, you\u2019re shrinking.\u201d\u00a0<\/span><\/p>\n

The saying is mostly true because growth should at least match long-term inflation to stay level in real terms. Therefore, to get meaningful growth, a small business should grow by over 10 percent annually and preferably more than that.\u00a0<\/span><\/p>\n

Are You Scared to Grow?<\/b><\/span><\/h2>\n

It may seem like an odd question, but many one-person operations never become two, three, or five-person operations because of fear. Whether that\u2019s because of a fear of success, fear of failure, or concern over an ability to manage a larger operation with employees or freelancers, it can hold back progress.<\/span><\/p>\n

According to the Chamber of Commerce<\/span><\/a>, 52 percent of small businesses in America are run from home. Also, a significant percentage of businesses use a sole proprietor structure where they have no direct employees either.\u00a0<\/span><\/p>\n

As you can see from the above statistics, failing to grow is a major issue. Less than half of small businesses are profitable. Failure to grow large enough to reach profitability is a major oversight with business owners.\u00a0<\/span><\/p>\n

Is Financing Available to Small Businesses?<\/b><\/span><\/h2>\n

Business loans and other forms of finance are available to small companies.\u00a0<\/span><\/p>\n

Only a small percentage of operators bother applying. Partly this is because of a lack of ambition, and other times it can be due to a false belief that they will never get loan approval.\u00a0<\/span><\/p>\n

There are many types of finance for small businesses. It\u2019s possible to <\/span>apply for loans<\/span><\/a> or to apply for a line of credit or use another approach to raise funds to pay for necessary equipment, working capital, and more.\u00a0<\/span><\/p>\n

Do\u2019s and Don\u2019ts of Business Borrowing<\/b><\/span><\/h2>\n

Just like with personal borrowing, not all lending is a good idea. It\u2019s important to have your head screwed on right.\u00a0<\/span><\/p>\n