You’re ready to grow your small business. But is your small business ready to expand?
At Kerndt Brothers Bank, we’ve been helping customers make those kinds of decisions since 1856. We know a thing or two about growth; it’s why we’ve been in business for nearly 160 years.
As a successful business owner, it’s normal to want to grow your company. And while it’s easy to envision all the advantages — increased profits, better name recognition, more clients and contracts — it’s tougher to think about some of the costs and resources needed to expand, including, hiring and training more employees, paying higher taxes and benefits, enrolling for more insurance coverage, financing increased overhead, and/or planning and overseeing new construction.
Talk with one of our experienced and professional Kerndt Brothers representatives. We’ll answer any questions you may have and discuss how we can help finance your dream. We offer so many solutions for small business growth and banking.
As you consider expansion, look at your bottom line. There are clear markers that indicate whether it’s a good time to consider growth. The first check is you. Are you enthusiastic and passionate about building your company? Are you willing to give up some of your leadership role as you grow? You need to have the drive and the right outlook to make this a reality. Next, look at your team. Are they excited about growing the company? If you can answer yes to both these questions, then it’s time to begin looking at your financial situation.
What factors should you consider? If your small business has made consistent profits for the last three or more years, if your current cash flow is strong, if your specific industry is growing, if you’ve captured at least 20 percent of your target customers, if you’ve been offered a desirable partnership or offer, and/or if you have a loyal client base, then it’s probably a great time to plan your growth.
Your employees — both current and future — will help your business grow and prosper. We’re here to help with small business banking and financing. Your team will help take you across the finish line.
Contact Kerndt Brothers Bank today. We’re happy when our clients succeed and we’ll be here for you every step of the way.Follow me on Google+