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Understanding CDFIs

  • Community development financial institutions offer an alternative source of funding with higher approval rates
  • CDFIs seek to broaden economic opportunities for low-income and minority communities
  • The pros and cons of using CDFIs for your business financing needs
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Developing a Small Business Action Plan

  • A small business Action Plan is useful for introducing new products and services, expanding staff, and other purposes
  • An 11-step process for creating this plan
  • A real world example of an Action Plan used to meet the objectives of a med spa business
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Dashboards to Drive Your Small Business

  • A dashboard offers an easy way to track key metrics related to your business
  • Tracking sales, return on investment, employee performance, and more
  • Factors to consider when creating your dashboards
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The Importance of Cash Flow and How to Calculate It

  • While entrepreneurs often focus on profitability, cash flow is arguably the more important consideration
  • The benefits of tracking how money is coming into your business and how it is being spent
  • Calculations involved in calculating and predicting cash flow
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The Action Plan: Making the Business Plan Happen

  • An action plan establishes a short-term effort to achieve the goals of a strategic action plan
  • Assembling a team, monitoring actions, creating a timetable, and other steps
  • Building in flexibility to account for unexpected circumstances
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Contingency Planning: Dealing with Surprise Disruptions

  • Disruptions ranging from natural disasters to the departure of key staff can impact your business
  • Creating a contingency plan to mitigate the scenarios you believe your business is most likely to face
  • How contingency planning can benefit your business
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