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.
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.
Owners and co-owners of a business get to enjoy the unique satisfaction of being their own boss and creating opportunities for others. They also have the satisfaction of having some measure of input into who will carry on their legacy.
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.
In a slow-growth economy, such as what is anticipated in the United States for the foreseeable future, a great deal of business growth turns from organic grown to inorganic growth — namely acquisitions.