Owning or running a business is a thrilling but stressful endeavor. Long hours, few peers, and knowing other people’s livelihoods depend on you can cause many sleepless nights. Add in the false expectation that a business leader should be an expert in all areas of business and the pressure can be overwhelming.
The coronavirus pandemic has delivered many challenges and changes to businesses and investors. But with change comes opportunity. As commercial real estate (CRE) needs shift and evolve, now may be an ideal time to invest in CRE ownership. Here are a few tips to consider when seeking financing.
For business owners, staffing will always be among their top concerns. Will you be able to attract the talent you need? Can you keep the skilled employees you have? The short answer is yes – if you are strategic and follow through on things that matter.
When a business reaches a certain size, it often adds dedicated human resources personnel. Unfortunately, these specialists often end up spending much of their time managing systems and babysitting data, instead of focusing on areas where they can do the most good.
For many American businesses, recent economic upheaval has forced them to reevaluate their business models, their assets, and what success looks like. Some industries needed to find ways to stay afloat, while others were slammed with unplanned-for demand.
Capital is a catalyst. It is a necessary ingredient for a business to launch, grow, make an acquisition, transfer ownership, or weather challenging times. Lenders play a crucial role in helping businesses achieve their goals – and there are lots of things businesses can do to make the process smoother and more effective.