ESDC fosters business growth by providing a critical link between early small businesses and their next phase of development. Explore our upcoming webinars or contact us to set up a one-on-one with an ESDC consultant who can orient you and help you become acquainted with the technological tools you need to grow your business.
As your business grows, delegating certain responsibilities to key employees is crucial. Developing talent for leadership roles is integral to the expansion process. ESDC offers local business owners no-cost one-on-one consultations providing them with the knowledge they need to develop the leaders they need to take on the next phase of their business.
Acquiring smaller businesses is an alternative growth strategy to organic growth resulting from sales.
Learn more about the resources that are available to explore these options.
https://www.bizbuysell.com/
Selling your profitable business can allow you to structure a deal that generates liquidity for you, potentially allowing you to remain involved in the business if you so choose. Learn the importance of accurately reporting profits to strengthen your business’ evaluation, and succession planning in case you are contemplating selling your business in the future.
Contact us to set up a one-on-one consultation with an ESDC professional.
Growing your business can involve hiring new employees, and dealing with the complexities of managing a larger staff. For some businesses, outsourcing their Human Resource processes can be a smart decision. Speak to an ESDC consultant to learn more about outsourcing your HR to PEOs such as Insperity, Cognos HR, Hireology, etc.
What software can business owners utilize to grow their business? A Customer Relationship Management (CRM) system can help manage customer data. It supports sales management, delivers actionable insights, integrates with social media and facilitates team communication. QuickBooks is an accounting software ideal for small businesses that offers tools for accounting, inventory, payroll, tax filing, invoicing, bank account tracking and reconciliation, expense management, budgeting, payment processing, and accounts receivable and accounts payable management. Contact us to speak to one of our consultants and learn more about Salesforce (CRM) or QuickBooks and how they may help your business transition to its next phase.
Many business owners do not understand how to read their financial statements. Some do not understand the impact that profit margins have on growth, and the importance of reinvesting in their company. Contact us to set up a one-on-one consultation with an ESDC consultant to learn more.
Where do you see your company in the next one to two years? A business growth plan can help you keep track of your quarterly goals, so that you can review what goals have been met, what goals have been missed. Contact ESDC for more information as to how you can create a business growth plan.
Explore effective grant-writing strategies and take advantage of ESDC’s partnerships with community banks to decide what business loan products may be a good fit for your business.
Contact us to learn more about these types of opportunities.