Why Properly Managing Your Inventory Takes Priority
43% of American small businesses don’t track inventory, or do so manually. 34% of businesses have shipped an order late because they accidentally sold a product that was not in stock. The average retail store in the US operates with an inventory accuracy rate of just 63%. Inventory distortions (shrinkage, stockouts and overstock) cost businesses […]
How to Build a Business Growth Strategy
For every successful small business, there comes a time when the plans that worked when the business started, may no longer be enough. A business growth strategy can help here. By building a growth strategy, a business owner and the business’ key stakeholders can look at the overall plan to make decisions for the business. […]
Business Growth Challenges and How To Overcome Them
Knowing what challenges other small business owners are experiencing can help you in determining your strategy. A CB Insights study lists the top obstacles that stand in the way of successful expansion and “No Market Need” comes in top, while “Ran Out of Cash” is a close second. We have also given a few suggestions […]
3 Must Ask Questions Before a Business Expansion
A business expansion can be small or large but regardless of the scope, there are 3 main questions to make sure you can answer before expanding a business. The following is an excerpt from the Complete Business Expansion Guide, which you can get for free, here. Success is often closely tied to the presence of […]
When is the Right Time to Grow your Business?
Growth is an exciting prospect, but sustainable growth is the ideal that businesses should be looking to achieve. Before laying out blueprints for expansion, it is essential that decision makers break down the reason for growth, and whether the projected results justify the effort. The below is an excerpt from the complete guide for business […]
Small Business Saturday Statistics and Resources 2019
Small Businesses are a big driver to our economy and we wanted to highlight the importance of this community in celebration of Small Business Saturday 2019. The infographic below provides statistics and resources for small business owners. The hyperlinks are available by downloading the infographic and the transcript is available below. Small Business Saturday Stats […]
How your Veteran-Owned Business can Manage Cash Flow
22% of businesses cite cash flow management as a top challenge and obtaining cash flow to operate their business is a part of this challenge. Cash flow management effects veteran business owners in large numbers. In fact, according to the SBA Office of Advocacy, over sixty-nine thousand veteran-owned businesses closed operation due to inadequate cash […]
Veteran- Owned Business Statistics [Infographic]
Veteran business owners make up approximately 9% of all businesses in the U.S. Reliant Funding has been serving veteran small businesses since 2008 and are proud to release this infographic. The transcript can be found below and if you are looking for more resources for veteran business owners, download our full Veteran Business Owner guide […]
Reliant Funding Veteran Spotlight 2019 – Ben Petit
Veterans Day originated as Armistice Day. November 11th is the anniversary of the signing of the armistice which ended hostilities in World War I between Germany and the Allied Nations. Armistice Day was renamed Veterans day in 1954 and continues to be an annual celebration for those who have served the United States. Reliant Funding […]
