Ok, I know, financial ratios for small business is not a sexy topic. But, if there was a way to know if your business was on fire, would you want to in advance or after it started? These three short stories show how simple ratios can help you avoid a 5 alarm fire.
Running a Small Business
Pages from the ProStrategix Blogs that fall under the broad category of running a small business
Cash Flow Analysis, SBA Loans, and Merchant Services are three essential banking terms that every small business or start-up should know, period. There are especially important when speaking to bankers.
COVID hurt Small Businesses badly because of 3 critical makes made by the US in its response to the pandemic. But, yes, there still can be a happy ending.
Every single industry will be feeling the lasting effects of the coronavirus for a long time to come. For the next few weeks, we will look at how the world after the COVID outbreak will impact every part of the business landscape, beginning today with the education industry. The world… Read More »The Education Industry in a World After COVID
Trying to maintain communication with your employees and clients during the COVID outbreak is a challenge many are dealing with. We’ve all had to keep up with changes to structure’s we’ve been used to. If you’re struggling to figure out how to keep track of… Read More »Maintaining Small Business Communication During COVID
Why is it that two-thirds of small businesses are owned by predominantly white men over 40? We are only 22% of the population. With all the incentive and award programs from the SBA and local governments, why aren’t women, younger adults, and minorities better represented? Thinking about making changes to your business? ProStrategix knows… Read More »Why are Most Small Business Owned by Older Men?
We introduced you yesterday to part one of this article on global businesses and the difference between local and global businesses. There we talked about a business that could only succeed by reaching wider. But what if that isn’t necessary? Today, a look at the local small business market, and our final… Read More »Small Businesses in 2020: Local Vs. Global Part II
We are often asked about how to focus your business. Do you look local to the markets in your backyard, or do you use e-commerce to go global? Obviously it isn’t a simple answer. Over the next two days, we’ll share two cases on local and global businesses in 2020. Today you’ll also get a small… Read More »Small Businesses in 2020: Local v. Global Part I
As we come to the close of 2019, is your business in need of a tune up? In this post, we share how one of our clients, Kelly, performed a tune-up on her business to get her engines running like new. A tune up in your small… Read More »4 Simple Ways to Tune Up Your Small Business
How can you protect yourself and your business from the impact on an economic downturn during times of struggle? Given our size and the limitations that put on our cash reserves and credit, small businesses tend to take a major hit in recessions. Now is the best time to prepare… Read More »4 Small Business Tips for Protection During a Downturn