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It's not uncommon for entrepreneurs to use the terms “growth” and “scale” interchangeably when talking about adding revenue to their small business. The terms do have a similar meaning with a critical difference.
Growing a business means that a business owner is adding revenue by adding more resources and higher costs to their operation. This could mean bringing on new clients and customers by adding a new location or building, purchasing new equipment or hiring more employees to meet the needs of those new clients.
Starting a Business: A Guide for Young Entrepreneurs
By: Nicole Evans
This comprehensive guide is for young entrepreneurs ready to start a business. Learn how to overcome challenges, leverage resources and build a successful startup that lasts.
Forming a Successful Small Business Partnership: Best Practices
By: Nicole Evans
Learn how to form a successful small business partnership. Discover best practices for finding a partner, writing a business partnership plan and more.
11 Bank Wire Transfer Best Practices To Protect Your Business Finances and Prevent Wire Transfer Fraud
Safeguard your business from scams! Follow key wire transfer best practices and get helpful wire fraud prevention tips to ensure secure wire transfers.
Strengthening Financial Security: How Treasury Management Services Play a Key Role in Fraud Prevention
By: Jason Olson
Prevent fraud before it happens. From real-time alerts to automated payment verifications, treasury management solutions can help protect your business.
Financial Milestones That Prepare You for Startup Success
By: Marcus Christensen
Entrepreneurial success depends on understanding why new businesses fail and how to avoid a similar situation. Learn about the financial milestones you should have in mind when launching your startup.
Using Short-Term Financing To Manage Cash Flow Fluctuations
By: Marcus Christensen
Don't let cash flow shortages disrupt your business’ operation. Read how short-term financing options can help you confidently manage through growth, seasonality, and/or unexpected disturbances.
Navigating Quarterly vs. Annual Tax Payments for Your Small Business
Don't be surprised by your tax liability. Understand the different requirements of quarterly and annual payments to help your business stay on track and manage money wisely.