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Growing Your Small Business To Assure Its Survival
“SCORE Southeast Minnesota” By Dean L. Swanson
“Success requires consistent planning, grit, and strategic execution. You also need to recognize resources that can help you amplify your growth with continuous business planning and evolution for survival.”
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“A new CEO and reader of this column emailed me and said, “How can I grow my business and assure its survival? I started my new business several months ago, but I am now struggling with keeping my initial startup sales going. Do you have any tips for me?”
That is a super question to ponder, considering that the several business sources observe that more than 21% of startups fail in the first year. That’s because success requires consistent planning, grit, and strategic execution. You also need to recognize resources that can help you amplify your growth.
But how, precisely, can you do this? Samantha Clark, one of SCORE’s content partners has some tips for surviving the launch phase of your small business. .A Warrington College of Business graduate, Samantha handles all client relations with top-tier partners.
Keep A Close Eye On Cash Flow
According to the Federal Reserve Banks, 79% of small businesses have an outstanding debt. This makes it imperative for startups to monitor their cash flow, especially during the early stages. The following are a few steps you can take to manage your company’s finances:
Track Your Expenses
Successful startups spend money only when necessary. And if budget allows for it, invest in automated cash flow management tools that are secure, time-effective, and efficient at bookkeeping.
Build An Emergency Fund
Although emergency funds aren’t usually a priority for startups, it’s essential to build one for your business. They can help you circumvent unfortunate circumstances and unprecedented situations.
Create Late Payment Policies
Almost 40% of businesses believe that late payments from clients are detrimental for the company. When the firms fail to receive payments from clients on time, they do not have the funds to invest in inventory or hire more workers for their growing operations. Implement an effective late payment policy that compels the clients to submit their payments on time.
Employ An Intelligent Approach To Financing
Most businesses have a preconceived notion that the money they invest would somehow be directly proportional to their income. But, unfortunately, that’s never the case. So, research your options and only invest in tools and resources that are necessary and provide a maximum ROI. You can also use free online tools for small businesses to get the most out of your business.
Build A Sales Process
A viable sales process enables you to scale your business in the survival stage and over time. The sales process includes:
Ideas Are Good, But Execution Is All That Matters
Take the time to create a plan of action to achieve your business objectives. Set realistic goals and measure the progress at every stage. You must also be open to changing ineffective strategies. But most of all, stay resilient to meet your objectives one way or another.
Secure Proper Investment
Increasing competition has made it extremely difficult for SMBs to thrive without adequate funding. And this is also one of the main reasons why companies fail in the initial years. So, explore the funding options for your startups. These may include:
Focus On Customer Service
Research shows that 93% of customers prefer a brand due to its exceptional customer service. Therefore, as you scale your business, it is crucial to focus on enhancing customer experience. You can:
92% of entrepreneurs state that mentors have a direct impact on their business’s growth and survival. A business mentor can provide guidance and counseling and help you lay down long and short-term objectives for your business. They can be someone you know, an expert in your industry, or someone who provides a mentorship service to entrepreneurs. Contact SCORE to get a mentor.
Conclusion
The first few years of the business are critical to its growth. To make sure your business grows into an established firm, study and compare the characteristics of successful companies and integrate them into your business plan. Then, you can use the tips mentioned above and implement them to introduce stability to your startup.”
https://seminnesota.score.org/resource/growing-your-small-business-assure-its-survival
ABOUT THE AUTHOR
DEAN L. SWANSONDean is a Certified SCORE Mentor and former SCORE Chapter Chair, District Director, and Regional Vice President for the North West Region, and has developed and managed many businesses.
#Business #BusinessPlanning #businessResources #businessPlan #entrepreneur #entrepreneurship #growingSmallBusiness #Marketing #SCORE #startuphttps://primateai3d.basespace.illumina.com/
PrimateAI scores measures the pathogenicity of protein coding missense variants. When the score is close to one, it means the variant is highly likely deleterious; whereas when it is close to 0, it is generally considered benign. It is recommended to use PrimateAI score cutoff of 0.8 to distinguish benign variants from deleterious variants.
PrimateAI-3D algorithm is a semi-supervised 3D-convolutional neural network for variant pathogenicity prediction, trained on 4.5 million common missense variants with likely benign consequence and precise protein 3D structures. It also leveraged language models of protein sequences and variational autoencoder on multiple sequence alignments.
Cyberpunk 2077 Soundtrack Collection: https://tune-seek.blogspot.com/2026/04/cyberpunk-2077-soundtrack-collection.html
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Very exciting to get an S·Core reissue in 2026, because, well… he said there wouldn't be any reissues. But also because I think he's one of the most interesting experimental artists of the 80s/90s.
This is quieter and more ambient-like than his later stuff, with simple synth (sometimes with a bit of melody, sometimes not), primitive and sometimes rhythmic samples. Mystic and strange.
https://staalplaatlabel.bandcamp.com/album/s-core-pretension

7 track album