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Business Tips and Advice

Want to Start Your Own Business?

11 steps to start a business in TN or AL

How to launch a business in Tennessee or Alabama Whether you dream of working for yourself or building a lasting legacy, starting a business is a major decision involving important financial planning and legal decisions. To get started on the road the owning your own business, we’ve outlined key steps, from outlining your business plan and

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Business Tip No. 10: Commit to a Long-Term Vision

business tip 10: commit to the long-term vision

Entrepreneurs are classic risk-takers. But one risk they cannot afford is rushing into business without establishing a long-term vision. Many well-intentioned entrepreneurs launch an innovative business based on their passion, only to find themselves unable to turn that passion into a sustainably profitable business. Lay a strong foundation for a new business by building and

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How to Apply for a Business Loan:

5 steps to apply for a business loan

Need funding to start or grow your business in Tennessee or Alabama? We can help! Here are 5 steps to apply for a business loan through Pathway Lending: 1. Submit your pre-application using our online form This provides our team with information about your business and your capital needs so we can find the right

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The 5 C’s of Credit

5 Cs of Credit

What do lenders consider when they review loan applications from business owners, startups, and entrepreneurs? Most financial institutions follow a common set of criteria when assessing a loan request, often referred to as “the 5 C’s of credit.” What are the 5 C’s of credit, you ask? The five C’s of credit are: 1. Character,

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Business Tip No. 9: Know Your Competitive Advantage

Biz Tip No 9- Loyal customers

As a small business owner, your biggest competitive advantage is having loyal customers. Being the first to market or the cheapest provider isn’t enough – especially as your competitors are working to leave you in the dust. Being a company that clients enjoy working with and keep coming back to matters. The key is building relationships

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Business Tip No. 8: Don’t Procrastinate!

Business man multitasking

As an entrepreneur it’s okay to admit that finances are not your strength. We get it. You probably didn’t start a business because you love balance sheets, but like them or not, finances are crucial to your small business success. So here’s a tip: Don’t procrastinate. DO NOT put off your bookkeeping needs. They don’t

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Business Tip No. 7: Create, Re-Evaluate, & Stick to a Budget

Business Tip No. 7: Create, Re-Evaluate, and Stick to a Budget

No matter your path as a small business owner, it’s in your best interest to save money wherever and whenever you can. This all hinges on standing up a budget that works for your business. Planning for success means you need to account for both fixed and unplanned costs, and then create — and stick

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