How to start a small business

[Gaharit]

I will be happy to share my personal experience. I am the owner of a small business that specializes in the supply of construction materials. For the first three years of running the business, I experienced financial difficulties because I worked with clients on a deferred basis. I started working with a factoring company https://factorforyou.com/illinois-factoring/ over five years ago to establish productive relationships with my key deferred clients. With the help of factoring, I managed to accelerate the turnover of funds and increase the volume of services provided to clients by 25%. The decision at that time allowed me to keep the sales, and indeed the business.

Leverage your existing skills

Originally Posted by Gaharit

I will be happy to share my personal experience. I am the owner of a small business that specializes in the supply of construction materials. For the first three years of running the business, I experienced financial difficulties because I worked with clients on a deferred basis. I started working with a factoring company [s://factorforyou.com/illinois-factoring/[/ over five years ago to establish productive relationships with my key deferred clients. With the help of factoring, I managed to accelerate the turnover of funds and increase the volume of services provided to clients by 25%. The decision at that time allowed me to keep the sales, and indeed the business.

This is a good idea! Can you recommend me anything else?

Thank you for your advices

[BiGHaRRy]

Have a great day, Gaharit! I met the same problems with my small business after the beginning of the COVID-19 pandemic lockdown. I had three offices, with 60 people working every day. The COVID-19 crisis went hard on the financial state of my business. Hopefully, I found a good planning business service that helped me a lot in dealing with my business problems innovation-park.eu. Right now, I fully recovered my business after the crisis and restructured the whole business ladder with their help.

[LeahHodges]

I also recently started learning Python and financial modeling. Financial modeling is difficult as it is, but when you use the high-level Python programming language to build it, which has a rich collection of embedded data types, -- this is a whole new level altogether

I love that album released by MojoHeadz Record, but I don't know what style of music it is. s://music.bugs.co.kr/track/74582742?wl_ref=list_tr_08_tr

[LeahHodges]

Originally Posted by LeahHodges

I also recently started learning Python and financial modeling. Financial modeling is difficult as it is, but when you use the high-level Python programming language to build it, which has a rich collection of embedded data types, -- this is a whole new level altogether

This language can be used to modify and analyze Excel spreadsheets and automate certain tasks that require repetition. I used the help of some people from the WSO financial community wallstreetoasis.com/resources/why-wso/wsp.