Finding Solutions for Growing Businesses
FINANCING YOUR BUSINESS INTRODUCTION
Growing a successful business is a challenging endeavor, and you need many types of skills if that venture is to thrive. Managing the financial side of your business is one of the most critical aspects of your success. How do you manage your cash flow? How do you choose an investment for your excess cash flow? How can you get a loan and are there any special financing programs available to you? These questions and more will face you as your business grows.
The Small Business Development Centers of Michigan, and Comerica Bank believe that the answers to these questions, and others like them, can help determine your success or failure. Many of these questions can be answered by the careful use of financial tools. Some of these financial tools are internal, such as a bookkeeping system. Some of the tools are external, such as the services of a CPA.. And some of these tools are provided by financial institutions in the services they provide.
This publication is designed to assist you in identifying various financial services which can fill critical needs in the daily and long-term operation of your business. We hope it will be of assistance and wish you continued success.
Michael T. Monahan, President, Comerica Bank and Ronald Hall, State Director, MI-SBDC.
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