ProStrategix Advisors Blog

A sample of three of the major Small Business financial terms to know: cash flow, liquidity, and "quick or current ratios" that help in the short-term.

The look of banking in 2020 has changed. See how building a relationship with a banker or banking expert is even more important than ever considering a new normal.

Financial ratios for small business is not a sexy topic. But, if there was a way to know if your business was on fire, would you want to know?

Finding small business loans can be difficult, especially for non-profits. If you have issues with finding a loan, these tips might be a good starting point.

This is a case study of our client Adelyn. She’s an amazing example of how 3 simple steps can lead to your small business to succeed.

Start-ups can be difficult to open and even harder to make successful. But, that doesn't mean they're impossible! Here are three things you need to know

A client asked this question. I thought it was a question worth exploring, so I did some research. What I found surprised me, so I wanted to share it with you.

Many owners often don't know what to ask for, especially when it comes to how large of a loan they need and which lender is right for them.

With the current economic climate, small business loans are becoming more important than ever. Here's how to better your chances.

To prepare for that, we're looking at the likely impact of the COVID epidemic on various industries, continuing today with the cosmetics world after all of this.

We will talk about the wider consequences of the virus as well as those specific to the fashion world in particular. This way, you can prepare for the new world

Finding ways to apply for small business loans in 2020 is harder than it used to be. With the ongoing health crisis, loans are needed now in different ways

But all of this is coming to an end. The SBA is putting a hold on new applications as a result of COVID disruptions, now out of money for the loans. So... what now?

When Coronavirus first started to appear in America, I don't think many people expected it to last nearly this long and have such a prolonged impact.

If you are looking for funding for your small business through equity, you need to know the valuation of your company. Valuation is estimate of your worth.

Right now, it is hard to look to the future of a world after COVID-19 has passed. But businesses need to continue, and the impact of the coronavirus will be felt.

Right now, it is hard to look to the future of a world after COVID-19 has passed. and the impact of the coronavirus will be felt by years to come

In this post, we talk about the Small Business Lending Ecosystem, which is easily the most important factor for any small business to know.

We discussed how minimum wage changes and overtime laws are going to affect your business in the new year. Now, let's move onto our next three major changes.

This may come as some surprise, but local, state, and federal governments offer great programs for small businesses, especially if you are women or minority owned..

Jillian decided to give flexible hours a try. She hired a staffer who agreed to a flexible schedule. But, it was a problem from the start. Here's why.

Are the effects of big tech a friend or a foe to small businesses like yours and mind? The short answer: it's likely both. It's not a level playing field.

Small business owners struggle to find data how our performance compares to our peers. This free tool provides live data on more than 200,000

Needless to say, LinkedIn imposters all over the place. And you should probably pay attention for the sake of your own cybersecurity

Cyber-crime is on the rise, and it is something that is becoming an issue of note. There is a lot of complacency among small business owners. Don't be one of them.

At nearly full employment for certain pockets of the population, we need to look at typically under served workers as potential hires to fill the demand.

For Dante, his restaurant's issues were the difference between success and failure, and we wanted to help him fight back. him fight back.

The rise of Artificial Intelligence has completely shifted all forms of business practices. Specifically, A.I. is transforming small business lending.

As small business owners, we don't have the resources in time or money to waste. You didn't start your business wanting it to fall apart. Here are some tips to help.

We've found that the most common small business mistake is poor cash flow management. In fact, insufficient cash flow is #1 reason businesses fail.

Getting hooked by phishing attacks are costly. In fact, the average cyber attack costs small businesses $53,987. How do you avoid being hooked?

NYC can always do better to help small businesses. If we wish to continue using tax incentives to drive economic growth, we may need to shift that focus

All businesses (unless they're non-profit) have one thing in common: they all need to turn a profit. The easiest way to turn a profit is to avoid wasting money

Social media interactions can make or break a small business. So, here are some simple ways to use social media effectively to improve customer service in your small

Just because you can get capital, doesn't mean you should. It can be risky, and some loans are more dangerous than you might think

In June 2019, Google launched the Google Small Business Portal. We were intrigued by it, so we gave it a try. Here's what we learned. Eh?

Technology and Market Trends affect small business every day. See how these 5 key small business & market trends might impact you. Some may surprise you.

Luckily, there are few hacks you can use to avoid looking stupid when talking to banks. All professionals speak in code. It's not intentional. It's just habit.

Gig economy has significantly blurred the line between an employee vs independent contractor. This blurring has started a war between business & the States

There are a lot of fears to be had when it comes to growing your business. The "hows" and "whens" are sometimes hard to answer

If you're like many small business owners, you probably don't know your business credit score. Intuitively, you know your business score matters, but why?

The small business lending market is booming, but just because you can get a loan doesn't mean that your should. Know your risks.

expand your small business is a concern for many of our customers, and there are a lot of ways to take a small business to that next level

When trying to secure a small business loan, there are several things to consider: credit, amount, cash flow, revenue, and others.

Small businesses often struggle to get the best talent. Talent is the most value asset that businesses have. Here's how to get creative.

"All small businesses need to plan for growth to increase their chances of long-term success". It's an important fact that other have mentioned as well.

The team at ProStrategix has attended countless pitches, and we've found that the 3 most avoidable mistakes that can blow your pitch

After helping numerous companies, we at ProStrategix uncovered 5 common but unfortunate mistakes that may be killing your growth.

There are 5 key steps to take when analyzing a business model. Over the years, we have these five steps to be the most helpful.

We review the 4 simple steps to write a successful business plan. While the steps are easy, the plan takes thought & reflection.

If you are a small business owner, you probably started it to follow a dream, but the truth is you need to have the business skills in order to be successful

If you wait until you start growing before you plan for growth, it's easy to feel overwhelmed and unsure about what to do next. That's not a great feeling.

The most important thing to think about when getting a small business loan from a lender is your personal credit. The closer to 700 you are, the better.

Business plans are important for all businesses. Yet, less than 1/2 of businesses have them. Women tend to write them less than men. This maybe one reason of many.

The small businesses market appears to be cooling. Owners hoping to sell their companies are less optimistic about a sale than they were a year ago.

With a strong and growing economy, many small business owners are often shocked at the valuation they are seeing. But why is that the case?

If you were denied a small business loan, you need to fix a few things. However, there are times when you need a small business loan to fix those problems.

Summer can be a peak time for a seasonal business. Many small businesses are seasonal businesses, or at the very least, have seasonal peaks.

The SBA reauthorization bill is making its way through Congress. This legislation may be a boom for entrepreneurs in research-intensive industries.

How can you protect yourself and your business from the impact on an economic downturn during times of struggle? Now is the best time to prepare.

If you’ve been reading our blog for a while, you know how passionate we are about the art of delegation. In fact, we made a webinars about that very topic!

Delegating is key in running a successful small business. It can be scary. But, you can have pain-free delegation if you follow a couple of simple steps.

In this post, we share how one of our clients, Kelly, performed a tune-up on her business to get her engines running like new.

You might be considering the ways to start a home health business. I’ve compiled some of the best tips online for you to learn from.

Let’s cut to the chase. If you’re worried about funding for your small business during the ongoing downturn, we have our top ten tips for you.

Financial ratios can be a pain and often feel like a foreign language. Here is our explainer of why financial ratios matter to you.

To operate a successful start-up, our advice is that you need a strong team, enough cash to cover you, and a plan on how you can prove your idea works.

In Part III, we discuss the ways in which Dante's business needed repairs, and look at the business fixes that helped Dante revive his restaurant

COVID has taken its toll on many small business industries, but in the healthcare field, it has allowed for several startup success stories.

We all buy products and services every day. Why not try to purchase these from other small businesses so we can help each other succeed.

If you opened your small business at the start of COVID, you might be worried about survival. Here are some tips to give you hope!

For the next few weeks, we will look at how the world after the COVID outbreak will impact everything, beginning today with the education industry

Winning Small Business Awards can boost your credibility. We’re giving it a try, and we think you should too. Want to know how to get started?

Sure it may feel like 2020 has just begun, but we are official in tax preparing season. We will walk you through three of our big tips for tax preparation.

More than ½ of all small businesses fail in 4 to 5 years. If you’re thinking of building a business, are you smart to get in on the ground floor?

Businesses are only as good as their people. How can a positive culture help your business talent? Read Laura’s story to find out.

While small businesses can’t offer major perks, we can be as creative and personalized as we want. That’s the secret to attract and retain business talent.

This may sound strange. You might say, "Transitioning from an owner to a CEO? What could we possible have in common?" More that you think.

As a small business owner, who has received a paycheck protection program (PPP) loan, you are probably as confused as I was about what to do.

The new HRA changes are big news because they allow small businesses to fund employee premiums using the individual health insurance market

Running a small business isn’t always rainbows, but it also isn't all doom. Let’s talk about upsides and two downsides to operating your own small business.

COVID hurt Small Businesses badly because of 3 critical makes made by the US in its response to the pandemic. But, yes, there still can be a happy ending.

The 2020 stimulus package for small businesses appears to be done. What happens next? I have compiled some tips that will help.

Yes, that’s right, high-tax, high minimum wage, worker-friendly, widely diverse, New York City, is the #1 best city for small business.

We talk about Amazon a lot, and for good reason too. But we have to think about Amazon and how it is very comparable to a monopoly in 2020.

When living paycheck to paycheck, especially if the small business is successful, it’s certainly worth asking why isn’t your paycheck bigger?

20% of businesses fail in their first year. Half are gone by year 5. Why is that? What are the main causes? We explore six key factors.

For Part II of this series, we look at what the issues with Dante's restaurant were and how we can fix them before it is too late.

If approval rates are at record highs, why are businesses still struggling to be approved? One reason is fear of banks getting in the way of getting loans

A strong elevator pitch is a primary tool when looking to raise funds. But, most entrepreneurs find it challenging to write an elevator pitch succinctly.

It amazing how many pitches are wasted. They could have easily been saved by following these three golden rules to nail a pitch.

We said that a pitch deck of 10 slides is ideal, but what should those slides be? For a kick-ass pitch deck, here is our recommendation for content:

When it comes to your small business’s accounting, you will probably need to know a thing or two about financial ratios in order to stay afloat.

94% of your competition is focusing more on new clients, instead of nurturing the ones they have. And, that's a mistake you can use to grow faster than them

The 3 year itch: Twice the number of business go out of business between their 3rd to 7th year than do in their first 2 years?

Accelerating small business growth is possible. These 5 proven methods are straight-forward and relatively easy for small businesses to apply.

There has been an explosion of small business lenders (SBL). That's a good thing! Just be aware of the different types of lending in this small ecosystem

3 Key Hacks when evaluating if you qualify for a small business loan: credit rating, time in business, and debt service ratio. Learn more about them.

A merchant cash advance is a form of financing that should be avoided like the plague. Over the years, we've seen a number of victims. Don't be one of them.

Yahoo Small Business launched its Business Maker as a “a new platform to help small businesses and aspiring business". Read out take on it.