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.Read More
A small Broken Arrow martial arts business is closing on their SBA Microloan to help them buy and renovate a bigger space.Read More
TEDC received a $15,900 grant from the Bank of Oklahoma (BOK) Foundation to support small business growth in Tulsa and surrounding areas.Read More
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.Read More
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.