Having bad credit can be damaging for shops because it keeps you from pursuing growth or strategic decisions.
Every issue of ShopOwner includes valuable business management and technical editorial content.
Shop Owner Solutions is a lifeline to help shop owners understand the struggles of business – and you’re not alone.
A small business loan can help you hire a new staff member, purchase new equipment and expand into new repair procedures.
Most analysts, including the team at Schwartz Advisors, are optimistic about the growth prospects for this industry.
Take time to assess where your business is – and where you’d like to see it go.
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect positive results. Any business owner knows you need to make numerous adjustments along the way. For example, there are decisions about pricing, hiring, investments, and so on.
As a shop owner contemplating the sale of your business, understanding the elements of bank financing is key to ensuring you will maximize the sales price and minimize the process time.
Shop owners who are focused on serving their customers and operating efficiently are taking a little extra time to also get their financial house in order. They realize the value of the ABCs of a well-managed business: A for attorney, B for banker and C for CPA. These trusted advisers could help you focus on your customers and your business, while also ensuring you operate legally, effectively and profitably.
