Blog
Growth Capital is more than just a resource for small business loans.
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Why Small Business Owners Need to Create and Follow Business Plans
Starting and growing a small business without a roadmap isn’t much different than trying to reach a new destination without using your GPS. Both the U.S. Small Business Administration (SBA) and SCORE agree that a well-crafted business plan is essential—not just at launch, but throughout your entrepreneurial journey. A Blueprint for Success A business plan […]
Anchoring Your Small Business for Financial Success
For small business owners, the journey to sustainable growth and success begins with setting a strong financial foundation. This approach not only offers a clear path to profitability but also acts as a vital tool to measure performance and adapt to market dynamics. Let’s talk about why financial goal-setting should be at the core of […]
Setting Financial Goals for 2025: A Crucial Step for Small Business Success
2025 is here and there is no better time to reflect on the past year and set your business’ financial goals for 2025 and beyond! Establishing these objectives not only provides direction but also enhances decision-making and long-term success. The Importance of Financial Goals Why are financial goals important? Financial goals serve as a roadmap, […]
Empowering Small Businesses: How Small Business Development Centers Support Local Entrepreneurs
Starting a small business can be both exhilarating and daunting, with challenges that require more than just a good idea and drive. For entrepreneurs looking for that extra support, Small Business Development Centers (SBDCs) have become invaluable resources. They provide expert guidance, essential training, and powerful resources—they’re a one-stop shop for small business support! Let’s […]
Empowering Your Small Business: Key Strategies for Growth
Running a small business is a journey filled with many challenges, but also just as many opportunities for new and exciting change. Whether you are just starting your small business endeavor or looking to expand, understanding the best strategies for growth is crucial. Let’s dive into essential growth strategies the U.S. Chamber of Commerce believes […]
Empowering Communities: Understanding Ohio’s Economic Development Funding
Typically the Growth Capital blog highlights programs and topics that we feel small business owners should consider utilizing for their own growth and development. But this month we want to take a higher-level look at development initiatives happening across the state. Ohio is rich with opportunities for community development, but accessing the necessary funds to […]
Small Business, Big Impact: Overcoming Sustainability Challenges
In recent years, the concept of sustainability has shifted from a trend to a necessity—especially for small businesses. Not only does enhancing sustainable practices help the environment, but it can also lead to increased profitability and customer loyalty. However, integrating sustainability into small business operations can be challenging. So, let’s explore how small businesses can […]
Small Business Startup Mistakes to Avoid
In last month’s Growth Capital blog, we walked you through some common mistakes small business owners make and how they can be planned for and avoided. Realizing that many people may still be in the dreaming and planning stages of small business ownership, we thought it prudent to also take a look at common mistakes […]