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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Former Delivery Driver Goes for the Gusto & Opens 6 QSR Locations with More on Menu
July 20, 2023
Augusto “Gus” Garcia began his successful business journey in 1999 as a delivery driver for Domino’s Pizza in Springfield, Massachusetts. With bigger plans on the menu, he worked his way up to management within the store, and then became part owner. In 2014 Gus was able to buy out his partners and become the sole franchisee of the Domino’s location, under his own company Springfield Pie, Inc. Amidst the Pandemic in 2021, this savvy entrepreneur expanded adding 4 more locations in Western MA when many other businesses were closing their doors. Determined to continue growing his franchisee network and build a new store, Garcia searched for fast financing options.
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Mom CEO Transforms Fitness into Fun with Ascentium Capital’s Industrial Equipment Financing
June 26, 2023
When Pamela Gunther volunteered on a playground improvement committee at her young son’s school, she never imagined how much it would change her future. A mom of 3 young boys, including one with ADHD, Gunther quickly learned that the playground games and activities being offered in the schools and community were less than perfect. After being outside for days painting, she thought there could be an easier, better way to do it. She set out on a mission to develop engaging and innovative games to foster movement and launched her business, Fit and Fun Playscapes, in 2011.
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