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At Troy Business Group, our founders have been in the industry providing funding to small to medium businesses in excess of $250 million dollars since 2012. We’ve helped business expand their efforts, create new campaigns, lease new equipment, and much more. We want to continue to help SMB owners by providing valuable information about financing and entrepreneurship to keep up to date with the latest trends so we’ve created this blog. We will be keeping it updated with all the current news and trends, but we encourage you to reach out with any comments or questions you may have. Tell us what you would like to hear from us to help us better serve you. Our priority here at Troy Business Group is helping our SMB owners regardless of the case.
There are various obstacles business owners face each day, especially regarding capital. Needing cash flow to keep up with necessary expenses in business such as salary wages, products, management, etc., is a common issue. Perhaps you’d like to seize an opportunity for a new investment, but you don’t have the cash at your request.
It’s always important to consider the different types of options you have as a business owner. Whether it’s financing tools such as accounts receivable factoring, a business line of credit, purchase order financing, inventory financing, supply chain financing, debt financing, equity financing, and more, there is plenty of flexibility within each one.
Every business or organization needs a person to organize and manage the wellbeing of staff and answer any questions as assistance on extensive information. Your business could highly benefit from having personnel in charge of issues related directly to clients and employees, so as a business owner, your focus could efficiently work in other areas.
How Can Purchase Order Financing Improve Cash Flow for Businesses? As a business owner, I’m sure you know what it’s like to keep up with
Whether you’re a small business or a large multinational, changes in the economic environment affect everybody. Typically, businesses benefit from lower interest rates because in that case, there would be less of a cost to borrow, allowing room for more money to spend. With more money to spend on your business, you could invest in various areas to expand and grow.
Companies today must work towards developing positive customer relationships. This is a critical goal in the age of the ever-increasing competitive landscape. Firms that build a trusting relationship with customers will be the ones that earn the most profits.
Businesses have demands for their capital in all areas. Payroll to cover the demands for staff, to marketing to drive sales, to inventory and supplies to keep products on hand. Let’s not forget the other soft cost associated with running a business along the way. All of these expenses go hand in hand and are crucial, thus leaving the small to mid-sized business owner stuck in a proverbial catch 22.
5 Digital Marketing Strategies for Small Businesses Whether you own a brick-and-mortar company, or an online company, digital marketing can serve as a cost-effective medium