The Most Important Lesson of Your Life: GET HELP.
You knew a very simple truth when you were a child- ask for help. Back then, you asked for help all the time. With help you learned things at a phenomenal rate. If you’re struggling as a business owner, the answer is the same- get help. Whether you’re a new business just setting up, or a young business growing fast, or if your company is suffering a setback, get help. Reach out to someone that’s done it, and get their support. Here are several resources in your community to advise you on whatever business hurdle you are facing.
The organization, SCORE, provides one-on-one private mentoring by volunteer and retired business owners. They have regional training workshops and many online resources for business owners. They have mentors in most communities in the USA. And, while the mentor might not have specific experience in your industry, they do have experience as a business owner, and they have extensive resources to help you.
The US Small Business Administration (US SBA) also has several online resources, seminars, and educational programs available. While we are concerned that they don’t even mention invoice factoring as a finance option, we still have to recommend that the general business advice and programs available through the SBA can save a small bushiness and help them grow. The local branch of SBA is often called a Small Business Development Center, or SBDC. Definitely check to see if there is one located near you and put that tool in your tool chest to be a successful business owner.
Nearly every state and many communities and counties have an Economic Development Office. You can find them through the US Economic Development website. These agencies often have business training programs, advocates to help business get permits and licences, specialists to help a business with development, construction, and adding equipment. If there are economic incentive zones (tax breaks) in your area, they can help explain what tax breaks and incentives are available to employers and small businesses.
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