NEWS

Person sitting with pricing sign outside of small business

Creating an Effective Pricing Strategy for a Small Business

February 6, 2023

If you’re a small business owner, you know that pricing your products and services can be a tough balancing act. You want to charge enough to cover your costs and make a profit, but you also don’t want to price yourself out of the market. So how do you create an effective pricing strategy? In this blog post, we’ll explore some tips and tricks for pricing your products and services in a way that maximizes your profits. 

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TEDC Loan Closings and Compliance Manager Joanna Oxford shakes hands with Kristoffer Morrison as they close on his SBA Microloan

Loan Closing: Martial Arts Business Closes on SBA Micro Loan

January 23, 2023

A small Broken Arrow martial arts business is closing on their SBA Microloan to help them buy and renovate a bigger space.

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Picture of the BOK building

Bank of Oklahoma gives TEDC $15,900 grant for Technical Assistance

January 5, 2023

TEDC received a $15,900 grant from the Bank of Oklahoma (BOK) Foundation to support small business growth in Tulsa and surrounding areas.

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Two business women writing in note pads and smiling at each other

The 7 Stages of a Business Life Cycle and How to Win in Each One

December 27, 2022

The 7 stages of a business life cycle are conception, start-up, the early stage, growth, rapid growth, the maturing stage, and innovate or decline. If you want your small business to succeed, you must understand how each stage works and what to do during those stages to win. Let’s look at the seven stages of a business life cycle and how to make the most of them.

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Small business owner smiling and holding a tablet

Solving Cash Flow Problems and Growth in Small Businesses

December 12, 2022

Growth is an exciting time for many small businesses, but it can also be an extremely stressful experience for entrepreneurs. Cash flow can become an issue during rapid growth if demands are coming faster than the rate of your current inventory, systems, staff or account balances.
It’s possible to get ahead of the problem if you catch it early so you can fund the growth of your business. Let’s look at cash flow management, common cash flow problems and growth in small businesses and what to do if you find yourself dealing with negative cash flow.

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