You’re a small business owner and growth has been great as of late. Now, things are starting to stagnate, and it’s getting scary. There are a few things you can do to continue the good times and steer clear of the bad, and a lot of them can start today.
Stay true to your brand. According to a recently released study from Randstad Employer, 96 percent of the 175,000 respondents agree that their company's culture must align with their own personal values for them to feel happy at their workplace. This should speak volumes to every employer. Morale is huge in businesses of more than a few people, and if there are members of your organization that are slowing their work output down, you company will feel it, especially if you’re an outfit of only a few. The issue may be as little as a quick team meeting to reiterate goals, or as large as increasing incentives. 72% of small-business employees in a 2017 Aflac study said an improvement in their benefits offerings would make them even happier. That might not be possible, but all impacts on your employee’s morale should be taken into consideration.
Finances often deter growth as well. According to a U.S. Bank study, a whopping 82% of businesses that fail do so because of cash flow problems. Remember that cash flow doesn’t just mean the amounts of money that are coming in and out: you have to take timing into account, too. The Bureau of Labor Statistics also tracked business survival across industries and concluded that these statistics are pretty consistent regardless of industry. No matter your business, your woes almost always come from money. So capital is key, but any business owner knows that.
What’s the problem at the heart of your stagnation? A team of experts might be your best answer to that question. SA Capital Partners offers services all across the board from raising capital if the money is running low, to corporate consultation and analysis to get to the bottom of what’s ailing you. The key to growth is steadiness, not dramatic incline. Finding a place where you can stay balanced is key, and that balance may lie between the numbers. Our analysts are experts at finding those smaller details and expanding them to your business plan to promote growth.
About SA Capital Partners:
SA Capital Partners is an innovative financial services firm that specializes in mergers & acquisitions advisory and capital raising for lower middle market businesses. We aspire to give all the tools necessary to complete any transaction. SA Capital Partner’s financial services industry specialists provide comprehensive, integrated solutions to banking transactions. Our breadth of services and industry knowledge allow us to understand each client’s unique business needs. Our goal is to make all financial services available to every small business.