What is one of your best resources for small business insights? Other small business owners.
Small businesses are the backbone of the US economy; in fact, there are about 28 million registered small businesses in the United States, which means that 99.7% of employer firms are small businesses. You’re in a crowded boat of entrepreneurs who are creating jobs and leading innovation. Despite the sheer volume of small businesses, we know that running a small business certainly isn’t simple, and one of the things we like to do at Wellen is to help our clients successfully navigate through their challenges.
Our clients have questions about improving cash flow, growing their businesses, paying down debt, and more. We’re proud of the fact that we not only provide capital to help clients through a financial crunch, but we also provide the knowledge, insights, advice, and expertise that’s often missing from traditional lending relationships. For example, most small business owners wouldn’t consider taking a cash flow statement to their bank and asking for help improving a negative situation; but our clients often do just that. And because of our thousands of experiences in working with small business owners like you—and the fact that we’re business owners ourselves—we are in a unique position to offer actionable advice and much more than just capital.
Sometimes, though, you may want more information, a second opinion, or a different perspective. Throughout the United States, there are “small business communities” popping up that provide excellent networking opportunities and a chance to collaborate with your fellow small business owners. U.S. News and World Report recently provided a list of several small business communities across the country and over the Internet that you might consider joining.
At the end of the day, you’re going to have questions about your business, its functions and operations, or how to get through a crunch. You have plenty of resources available to you; don’t be afraid to ask.