Growing your Business

You’ve laid the groundwork and now you’re ready to take your business venture to the next level.

If you’re looking for a reliable financial partner to grow your business, you’ve come to the right place. We know the ins and outs of the industry, can equip you with the right resources and genuinely care about seeing your business take off!

Take your business even further

For starters, remember that plan you created before you launched your business? A great first step when you’re making plans to grow your existing business is to review your business plan again. It’s always a good idea to regularly revisit your plan, ideally once a year. Consider revising it whenever significant changes occur whether that be in your business, personal life or the marketplace. Be sure to discuss changes with experts including your financial advisor, accountant and lawyer.

Here are a few options to consider to help grow your business:

Engage your current customers

One of the easiest and most cost-efficient ways to improve sales is to engage with your existing customers. The costs associated with repeat business are significantly lower than what it takes to find new customers. Focus on efforts to cross-sell and upsell with products and keep your customers engaged by introducing promotions and programs to gain loyalty and trust.

Find new customers

One effective way to attract customers is to invest in your marketing strategy, which will ultimately benefit your business in the long run. It may also help to utilize your website and explore social media channels to reach new audiences to grow your customer base.

Introduce new products and services

Expand your business by identifying and pursuing new revenue streams and consider introducing new products and services. Diversifying into new markets may also help minimize the risk of an industry downturn; however, diversification often comes with a significant financial investment into your business.

Tools to help your business grow

You should always be reviewing your business performance to have a clear understanding of where your business is at and where you’re headed. When reviewing your performance and making plans for growth, it’s a perfect time to see if you have the right banking products in place. The right tools can make all the difference in helping you minimize your costs, facilitate transactions and set you up for future growth.

Cash management

As a business owner, you’ve got a lot on your plate. Meet your growing business needs with the right cash management tools such as Merchant Payment Services and Customer Automated Funds Transfer.

Commercial leasing

Ready to upgrade or add to your equipment? Depending on your situation, leasing equipment might make the most sense. Plus, one of the great things about leasing is that you can often use it to finance as much as 100% of the purchase price.

Business mortgage

If you’re ready to set up shop and need the bricks and mortar to get off the ground, we have some great mortgage options to make your dream business space yours.

Revolving credit

Borrow what you want when you need it with our revolving credit options. This way your business has the flexibility it needs to not only grow but also stand out from the rest.

If you’re looking for a way to cut down on administrative tasks, be sure to check out Payworks so you can focus on other aspects of your business. We partner with this workforce management service to help make running your business easier.

Let’s grow your business

Whether you’re looking to purchase a building, expand your operations or simply manage those unexpected business expenses, book an appointment today or give us a call at 1.866.863.6237.

Looking to learn more? Find it here:

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  • As my staff grows, what payroll options do I have?

  • What’s required to obtain additional financing?