Your company’s sales can drop for a number of reasons. You might own a seasonal business that sees lots of activities during certain times of the year and a significant decrease in sales for the rest of the time. The state of the economy could be keeping customers away. Whatever the cause of slow sales, …
Tools to help grow your business
New Direction Capital’s Virtual CFO Services make it possible to help you grow and manage your business
What to Do When Your Business Feels Stuck
It’s not uncommon for people to get stuck in a rut in their daily, personal lives. They get up in the morning, go to work, head home at night and … Read More → 
What is a Manager’s Mindset and How Can It Help Your Business?
What is a Manager’s Mindset and How Can It Help Your Business? At one point in time, the only thing you had to worry about was doing what you do … Read More → 
How Being Creative Can Help You Grow Your Business
How Being Creative Can Help You Grow Your Business Creativity is something that people often assume other people have. Business owners and entrepreneurs might assume that being creative is something … Read More → 
What to Do Before Buying a Franchise
What to Do Before Buying a Franchise If one of your goals has been to own your own company, one way to do so is by purchasing a franchise. Many … Read More → 
5 Goals for Every Business in 2019
As a new year begins, it’s common for people to reflect on their habits and processes and to consider new ways of approaching old problems. Goal setting is another common … Read More → 
Should You Adjust Your Business Strategy for the New Year?
Should You Adjust Your Business Strategy for the New Year? With the new year upon us, now can be the ideal time for you to examine your company’s business plan … Read More → 
The New Tax Law: How Does It Affect Your Year-End Tax Planning?
The New Tax Law: How Does It Affect Your Year-End Tax Planning? As the end of 2018 approaches, it time to start thinking about an important date in 2019: April … Read More → 
How to Build Trust With Your Team
How to Build Trust With Your Team Employees are going to be happier on the job and more likely to remain with a company if they feel that they can … Read More → 
Under-Management vs. Micro-Management: Why Both Can Be Bad News for Business
When it comes to managing a team of people, it helps to tap into your inner-Goldilocks. Some managers are so concerned that they will be perceived as micro-managers that they … Read More → 
Does Your Business Really Need That Technology?
Does Your Business Really Need That Technology? Technology has helped companies produce more, get more accomplished, and reach a wider customer base. Thanks to technology, it’s now possible for your … Read More → 
How to Keep Growing When You’ve Hit a Plateau
How to Keep Growing When You’ve Hit a Plateau Although it might seem as if running a business means constantly climbing to new peaks and occasionally falling into valleys, the … Read More →
Your Guide to Choosing the Right Vendor (and Why It Matters)
Your Guide to Choosing the Right Vendor (and Why It Matters) In the business world, a lot of attention is given to finding and retaining customers. While it’s true that … Read More →
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5 Expenses You Can Cut to Keep Your Business Afloat
As a general rule, the more cash your company can keep on hand, the better. The phrase “cash is king” takes on new meaning in the middle of a recession or downturn, when your sales might have dipped and your revenues have fallen. There are many things you can do to help your business survive …
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How to Re-Engage with Customers
After being closed for several months or having your business activities dramatically restricted as a result of stay home orders, your county has finally given your business the green light to reopen, provided you take certain precautions. You might be ready to get back to business and establish a new normal, but are your customers? …
How to Support Your Team When Your Business Reopens
After several months of stay-home requirements and business shutdowns, companies across the U.S. are beginning to make plans for what comes next. For many companies, that means reopening and attempting to get back to normal as much as is possible. As your company prepares to reopen, your employees might be concerned about what going back …
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How Your Company Can Emerge Stronger From a Crisis
Most people don’t want to think about crises coming up and throwing a wrench in their business plans. But crises can, and do, arise. You might find your business in the midst of one right now. While in some cases, a crisis, such as a natural disaster, a scandal or novel virus that causes a …
How to Raise Capital in a Recession
Raising capital for your company can be challenging enough during times of expansion and when funds seem to flow freely. How can you get the funding you need to keep your business operational during a downturn or recession? While raising capital can be more of a challenge during financially difficult times, your business does have …
Succession Planning
As much as you would like it to, things won’t stay the same at your company forever. Your favorite employees might move on to new roles or new projects at some point. You are likely to eventually decide to try something new, retire, or sell your business. Knowing who can step forward to replace managers …
Understanding the CARES Act and What it Means for Your Business
At the end of March, the Senate voted to pass the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The Act was signed into law by the President shortly after it was passed. An unprecedented relief act, CARES is a stimulus bill designed to provide more than $2 trillion worth of financial relief to …
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Is it Time to Pivot Your Business?
Your company feels stuck. Perhaps things went well at first and you had a lot of sales and customers. The customers you did get were happy to tell people about you. But then something happened and now it seems like you’re struggling to retain clients or struggling to get new customers interested in what you …
How to Build or Rebuild Business Relationships
What’s one thing every business owner needs to thrive? Relationships. Behind every healthy company is a network of business relationships. Those relationships provide support to the business owner as well as much-needed advice and ideas. In some cases, relationships support the day-to-day operations of a company and provide financial support to it. You can divide …
How a Virtual CFO Can Help During Times of Uncertainty
By now, we’ve all seen what can happen during times of uncertainty. People panic-buy items they might or might not need in large quantities. They sell stocks, causing the market to plummet. They feel a sense of loss and fear and generally don’t know what they’ll do next or where they can turn. The same …
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How CEOs Can Know When It’s Time to Pass on the Reins
The average CEO spends about five years on the job. When you started your company or stepped into the role of CEO in someone else’s place, you probably realized that it wouldn’t be a permanent position. Even if you enjoy the work you do, or are proud of the company you created, you want to …
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