Your Small Business and Tips for Sustainable Growth

Your Small Business and Tips for Sustainable Growth

As a small business owner, you probably long to see your business grow. You anticipate success on that horizon. This is certainly a good goal. However, keep in mind, if your business grows too quickly, you could encounter more problems than had you stayed small. Growth is good—as long as it's of the sustainable kind.

Fifty percent of small businesses close their doors within the first three years, and this is large because they don't understand how to navigate their growth. We've thus compiled a list of tips for small businesses looking to grow the right way!

  • Slower is better. We've all heard the saying slow and steady wins the race; business is no exception. Rushing, rolling out products before they're ready before your team is ready can spell disaster. You want to build a reputation of quality and value, go too fast and you could very well be sacrificing this.

  • Don't be afraid to pivot. Pivot is a word used more and more often—and for good reason. If your company has been following a course and yet that course is not producing results, then it's time to make a change. You cannot be afraid of change; this is what will help you grow productively.

  • Having help is okay. The owner of a small business is often under the assumption that they have to try and do as much as they can themselves. This isn't always the best course of action though. Hiring help, people with expertise in certain areas can make you stronger and thus poised for positive growth.

We love working with small energetic companies that are on their way up. Our loan programs can provide you with the resources necessary to get to that next step and to cultivate sustainable growth. With short term loans and lines of credit, for instance, you get cash to expand your office space, buy new equipment, even hire more help. Call today and let's get started.

Becky: Hi! Let's find the best loan option for you

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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