Small Businesses Need Formal Direction

Let’s crank it a little tighter – do YOU? The human mind is a marvelous thing. You think about your business, you dream about where you’d like to take it. You daily grapple with problems and improvements in your own mind. You’ve taken a lot of time to consider these issues, probably both at work and later at home. But is thinking about it enough? Many business owners are convinced they can achieve “freesults” – good results just by thinking about it. It doesn’t work that way.

Having considered it in your mind doesn’t guarantee:

  • That you’ve actually re-aimed the business
  • That you’ve implemented the change that addresses a challenge
  • That you’ve actually dealt with an employee problem
  • That you’ve brought about that change in managing your own life
    OR
  • That your employees know anything about what you’ve been considering!

There are ways to tell if this is happening in your business.

  • Have you ever asked an employee why something wasn’t done, and gotten a blank look in return? Have you followed that by pointing out that they should KNOW it needs to be done, only to get another ‘deer in the headlights’ look?
  • Do your employees frequently seem frustrated
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Financing Your Business

Well let me give you the rundown of some of the points they touched on in the article. First off if you remember the post I wrote about the SBA on micro loans and the later one on free help with your business plans. Mostly that is what the SBA does according to the article. They hire retired professionals who volunteer their time and services to entrepreneurs starting out in the business world and offer loans that are guaranteed up to a certain percentage. Now where everything gets fuzzy is how they are suppose to be a substitute for new or start up businesses who can not receive traditional financing from a bank (Due to credit or lack of experience), but they got rid of the LowDoc loan that most start up businesses applied for and were approved. Main reason for the termination of the loan is because they say they were losing too much money with the program (Not profiting maybe?). The lowdoc loan was pretty much a fast application (Low Documents) to get money to fund your business, which was backed by the SBA up to a certain percent to make the bank feel safer with the transaction. … Read the rest