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What banks look for when approving small business loans

Preparing for Your Bank Loan Application When I apply for a loan, my bank will want to know the specifics of my request. I need to be prepared to provide a clear description of the loan amount, the intended purpose for the funds, and the anticipated repayment period. This information helps the bank assess the viability of my request and demonstrates my professionalism and planning. In addition to these details, my bank will request my financial statements. These documents off

To err is human; to forgive, divine

Alexander Pope, 17 th  century English Poet. Good teams In some workplaces teams are established groups who work together in a symbiotic relationship. Together they get the job done. Other teams are amalgamated from various departments in a company in order to work together on a project that will last for a period of time after which the team is disbanded.  Whenever you bring a group of people together in any context, it is inevitable that personalities will clash.  In an ide

Mastering the Art of Giving Feedback

Why Feedback Matters Feedback is essential for personal and professional growth. It helps individuals understand their strengths and areas for improvement. When delivered effectively, feedback can motivate and inspire change. However, many people struggle with giving feedback. They may fear hurting someone's feelings or causing conflict. But remember, feedback is a gift. It provides the opportunity for growth and development. Give Feedback in Person “How many a dispute could

The Numbers of your Business

In order to develop your business into a successful, stable financial position, you need to understand the numbers of your business. They...

The first 90 days - why new businesses fail

Many businesses owners launch their business and go directly to work for their customers; they quickly get busy dealing with performing...

Why write a strategy?

One of the most important reasons for creating a Strategic Plan for your business is to define exactly what you want out of your...

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