Are you automating your business?

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One thing you can never create more of is time. It can be very difficult to grow your business when you lack time and resources, especially if you are a small business with limited staff. One of the easiest ways to free up time is to automate your business. This is where the adage of working smarter and not harder comes into place – by using technology.

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Why your bank wants to see an updated business plan before giving you a business loan

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You’ve been in business for years, you’ve got a solid Profit and Loss Statement, so why is your bank asking for an updated business plan before providing you with a loan? Well, to simplify it, even though you’ve known your cousin Sharon for 30+ years, you probably wouldn’t loan her thousands of dollars without asking her what she plans to use it for, how risky a venture it is, and how she plans to pay it back. It’s kind of the same theory. Even though your company isn’t a start-up, you’ve been known in the community for years, there is still a risk for the bank in lending your business the money. Continue reading “Why your bank wants to see an updated business plan before giving you a business loan”

5 Things to Ask Yourself Before Expanding Your Business

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It’s a pivotal moment in an entrepreneur’s journey when they get the itch to expand their empire. Your business is fully off the ground! Pat yourself on the back for a job well done, then pump your breaks! Ask yourself a few questions before taking the plunge toward expansion. There are quite a few things that need to be carefully and objectively examined to make expansion successful.

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Furry Friends Welcomed!

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We were so excited when Janet Marlow of Pet Acoustics agreed to be a part of our Locally Owned, Locally Grown campaign for the bank as she and Rigby are two of our favorite clients!  Sure, many banks have treats for furry friends at the drive-up window, but we can proudly say that Rigby joins us in the lobby from time to time and it makes our day! Continue reading “Furry Friends Welcomed!”

Why should a business bank with a local community bank?

I have spent my long banking career at a few (some people say “a number”) of banks here in Connecticut.  At each stop I have had the pleasure of working with small and medium sized businesses who work every day to promote their products and provide jobs for thousands of people in our state.  Each of those businesses also realize that the communities that they are in are very important to the success of their business.  It is those people in the community who buy their products, educate their employees and their employees’ children, and provide a secure environment in which to live.

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