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As summer comes to a close, the fourth quarter of 2017 is fast-approaching. Now is the time to start thinking about and preparing goals for your small business in the upcoming year. Thorough planning will provide your business with a road map for informed decision making.

After surviving the startup phase and successfully building a small business, your energy and focus will likely shift to expanding your business. Knowing what the next step in growing your business and expanding beyond its current status is paramount.

A successful business is always led by a strong leader in pursuit of his or her passion. These entrepreneurs typically share common characteristics and attributes that drive their business’ growth.

It goes without saying that a business owner works long hours to ensure the success of their business. This includes closely managing the business’s financial statements and maintaining sufficient working capital for growth.

Whether your business is a startup or an established company, there are many risks that can have serious consequences on your finances. If managing your business’ finances is something you struggle with, don’t worry. You’re not alone.

If your small business is like most companies, credit risk may come with the territory. In many industries, customers expect to be granted payment terms; that is, the leeway to pay for goods/services at a point following delivery (typically 15, 30 or 60 days).

Starting a business can feel a lot like driving down a dark, winding road in the middle of the night. You know where you want to go, but are unsure of how to get there safely or what lies between point A and B.

Every startup entrepreneur and business owner has at least this one thing in common: a desire for their idea to flourish into a successful business venture. Unfortunately, the reality is always much more complicated.

Each day, the world of business becomes a little more complex than it was the day before. For the small business owner, it’s increasingly difficult for them to specialize in all the different disciplines a small business needs.

For some time now, one of the biggest business topics discussed is the struggle small businesses encounter when attempting to secure the capital they need to grow. In general, banks are hesitant to lend to startups and small businesses.