Business Tips
New clients of United Capital Source are often caught off-guard by our signature client service. Instead of cutting right to the numbers, we first ask new clients about the financial issues that are keeping them up at night. This is because we’ve personally found that you cannot correctly solve a client’s problem if you don’t […]
Any business professional knows that the most important tools for success have nothing to do with knowledge of a certain industry. They didn’t get to where they are today simply because they were exceptionally talented. As their careers took off, they realized that their success was almost entirely due to their abilities to control their […]
Traditional business lenders are notorious for discriminating against certain industries for different reasons. Applicants for small business loans are frequently rejected solely because of the unique challenges of their industries. These challenges have led to otherwise thriving industries being unfairly stereotyped as “risky” or “low-growth.” One example is retail, which presents a host of different […]
The relationship between dentists and their patients has changed dramatically over the past decade or so. And this is a good thing. In the past, you could argue that there was no connection between the two parties at all. Dentists steered clear of the strategies that more conventional businesses used to keep customers and attract […]
A key skill of owning a small business is attention to detail. So many things can influence productivity, morale, and of course, the decisions of current and potential customers. You want your small business to convey a certain feeling or theme. After all, it’s safe to say that a decent portion of your customers gave […]
When a small business is just starting out, there are only a few costs and metrics to keep track of. Revenue and profits are likely the chief concerns, since most of your expenses were vital for getting your business off the ground. You don’t give them a second thought. And it’s too early to know […]
Risk is synonymous with running a small business. No one knows exactly what the future holds for their industry, and the amount of reasons as to why a business can fail seems to grow every day. Just one mistake or bout of bad luck is all it takes to sink a promising business to the […]
Every small business wants to grow, but not all of them actually take the steps to make it happen. A variety of factors are to blame, and each business has its own unique obstacles. But let’s say a business knows exactly what it needs to grow. Maybe it needs a bigger team, new equipment, or […]
There’s no other way to say it: If you own a small business, worrying is a big part of the job. It’s only natural for small business owners to be constantly concerned about their financial health and the future of their industries. This is largely because there are so many things that could sink a […]
Perhaps the most regurgitated piece of advice from successful businesses is to never lose sight of your core values as you grow. Ask them about a major business’s decline and they will explain how their biggest mistakes stemmed from forgetting why they were able to grow so fast in the first place, or what their […]
