Thriving Through Efficiency: Strategies to Reduce Small Business Expenses
January 29, 2024
In the competitive landscape of small to medium-sized businesses (SMBs), profitability hinges not only on revenue generation but also on diligent expense management. In this guide, we'll explore practical strategies for reducing expenses to boost profitability. These cost-cutting measures, backed by reputable sources, can help your SMB thrive in today's challenging business environment.
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Stamp of Approval: How Flexible Financing Helped This Manufacturer Save Jobs and Expand Operations
December 18, 2023
Stever Locke, Inc. has a rich 77-year history producing metallic and non-metallic metal stampings for electrical applications, medical applications, and high-end industrial applications at their manufacturing facility in Honeoye Falls, NY.
In 2018, the business was facing challenges and many in the community were concerned about a possible closure and the economic impact that would come along with it. One of those concerned citizens did something about it.
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13 Strategies Smart SMB Owners Use to Optimize Cash Flow
November 28, 2023
Cash flow is the lifeblood of any company, especially for small to medium-sized businesses (SMBs). Properly managing cash flow is essential for day-to-day operations, growth, and long-term sustainability. In this comprehensive guide, we'll explore effective cash flow management strategies tailored to the unique needs of SMBs. Whether you're a startup or an established organization, these strategies will help you maintain financial stability and position your business for success.
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Building a Robust Financial Risk Management Plan for Your Business
November 14, 2023
In the unpredictable world of business, financial stability and security are paramount. One of the key tools for safeguarding your business against unforeseen challenges is a well-structured Financial Risk Management Plan. In this comprehensive guide, we'll explore how to develop a strong financial risk management plan that ensures your business can weather storms, seize opportunities, and navigate complex financial landscapes.
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Maximize 2023 Deductions with Section 179: Tips for Small to Medium-Sized Businesses
November 06, 2023
For small to medium-sized businesses (SMBs), every penny counts. One valuable tool at your disposal is Section 179 of the Internal Revenue Code. This tax provision allows businesses to deduct the cost of qualifying equipment and property in the year they are purchased, rather than depreciating the expense over several years. Maximizing your Section 179 deduction can significantly reduce your tax liability and free up capital for your business.
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Scooping up Success: Multi-Unit Ice Cream Franchisee Finances his Growth with Ascentium
October 19, 2023
Marc Millet is a multi-location franchise owner, but becoming the largest group within the Baskin-Robbins organization would be the cherry on top of his successful career. Partnering closely with a finance company that understands the quick service restaurant (QSR) space, he's on his way to achieving his dream.
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8 Essential Reports to Drive Operational Excellence in Small to Medium-Sized Businesses
October 13, 2023
In the fast-paced and competitive business landscape, small to medium-sized businesses (SMBs) must continually strive for operational excellence. Access to accurate and timely information is crucial for gaining insights into key aspects of the business and making informed decisions. In this article, we will explore the best types of reports that SMB management teams should utilize to enhance their operations and drive success.
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Husband & Wife Entrepreneurs Hungry for a Good Sub Expand to 3 QSRs with All-inclusive Financing
August 29, 2023
Janette and Chris Hall’s success story started with a simple craving for a sub sandwich like “back home in New Jersey” after moving to New England. Newly retired and having grown up on oil and vinegar subs, the couple set out to open a shop of their own not far from home. In 2019, they started their business, South Coast Subs, Inc., and opened their first quick-serve restaurant (QSR) in Dartmouth, MA. Chris's background in commercial construction and Janette's operations and financial management expertise were a recipe for success!
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Strong Relationships and Fast Access to Financing Drive Growth for this Woman-Led Towing Company
August 02, 2023
Eight years ago, Ascentium Capital believed in Burns Towing, providing financing that helped rebuild both her business and credit. Kris was able to catch up on balances and acquire a new tow truck. She shared her story with us back then in her first video testimonial.
“Ascentium is one of those companies that took the leap of faith with me and gave me a chance to prove myself.” Kris Zachary—President & Owner, Burns Towing, Inc.
Now, nearly a decade later, Kris sits with us again to discuss how her business has grown into new avenues and the part Ascentium Capital has played in her continued success.
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Harnessing AI: 15 Tools to Help SMB’s Stay Ahead of the Competition
July 26, 2023
Small to medium businesses (SMBs) are always looking for creative ways to do more with less. With limited resources at their disposal, the most successful organizations find innovative approaches to reach their target audience and boost sales. Fortunately, the emergence of AI marketing tools has provided a solution for SMBs to streamline their marketing efforts and achieve superior results. AI marketing tools are software programs that leverage artificial intelligence and machine learning algorithms to automate and optimize various marketing functions. By utilizing these tools, SMBs can enhance their marketing strategies, increase customer engagement, and improve conversion rates.
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