Frequently new clients ask me how to obtain financing in order to grow. In response I ask: "Have you explored growing from within?" Surprisingly, many small business don't realize they can generate investment capital through internal operations rather than go into debt through bank financing.
Small business owners often grapple with defining how to increase profit margins. Intuitively entrepreneurs generate ideas for business growth. Sometimes they work. Sometimes they don't. Rather than trial and error, try data-driven methods for business growth decision making. Here are seven tips for transitioning from a gut-feel business model to proactive planning processes.