Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business Articles

3 new year’s resolutions to grow your business

(Business) It’s that time of year again, where we look at our past to propel our future – and businesses are hoping for a more profitable 2015. Here are three tips to set you on your way.

new year resolution

new year resolution

A new year is upon us

As every year wraps up, we look to our past to propel our futures, and we evaluate how our current year went so we can improve on the next. Some will focus on a culture change, others on a marketing shift, and others on new products. But what all have in common is a desire to improve revenues. More money doesn’t mean more problems, it means more job creation and more innovation.

So what are some simple ways to make more money in 2015? No matter your business size, be it a solopreneur or a growing brand of over 400, Evan Singer of SmartBiz offers three simple, but easy to overlook ways to do just that.

First, Singer tells us to do something that many of us will cringe at, but he’s right. “If you want to borrow capital for your business and had a good 2014, file your taxes early.”

But why, Evan, why? Taxes are a thorn in our sides, so why? “Most banks will look at your tax returns to determine if your business has adequate cash flow for your loan,” Singer notes. “If you can use 2014 tax returns – that can help you get approved.”

Well that makes sense, despite the high pain level associated with not procrastinating.

Advertisement. Scroll to continue reading.

Secondly, Singer asserts that “You can refinance your higher interest business loans just like you can refinance your higher interest consumer loans.”

He suggests finding an SBA lender, like SmartBiz, that allows you to refinance your higher interest debt. Professionals often make the mistake of not taking a second look at this type of option, but it can be a huge money saver for any brand.

Lastly, Singer suggests laser-like focus. “Don’t let the negative articles scare you from investing to grow your business. The economy is picking up. Unemployment is going down,” Singer said. “Now is the time to build your business!”

Advertisement. Scroll to continue reading.

The American Genius is news, insights, tools, and inspiration for business owners and professionals. AG condenses information on technology, business, social media, startups, economics and more, so you don’t have to.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.




Business Entrepreneur

As a small business, it's imperative that customer satisfaction be a main priority. One way to do this is keep your word on shipping...

Business Entrepreneur

Small businesses should support other small businesses. This website lists indie alternatives to the most popular software.

Business Finance

Business owners are no strangers to placing bets on their own success, but retirement planning shouldn't be risky.

Business Entrepreneur

Being a freelancer, it can feel like a luxury to fire a client, but there's a few clear signs they're not worth your time.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.