The CONNSTEP Blog

What Makes a Successful Business Loan Application

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Access to capital is vital to company growth, particularly if you’re a small privately held company. While the vast majority of business owners (89%) recently surveyed had growth strategy aspirations, only 46% of them had the required capital resources to execute those strategies. These are the findings of Pepperdine University’s 2014 Capital Markets Report. This same […]

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The Cost of Workplace Disorganization

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When you walk around your production floor do you see forgotten coffee cups, trash on the bench or piles of swept up debris that has not made it any further?  If so, have you thought about how this affects your productivity, quality or morale.  Often basic housekeeping is overlooked in favor of “productivity.” This is […]

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Lean Healthcare: Reducing Medical Costs

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With such a big need for our nation’s healthcare system to reduce medical costs, find savings and create operating efficiencies, Lean principles are taking root throughout our healthcare system. Today major healthcare players like Virginia Mason Medical Center are benchmarking their practices and adapting Lean principles to the health care space. Recently, CONNSTEP ran a two-part […]

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Preventing Small Business Failure: Top Ten Company Killers (Part II)

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When it is time to assess the value of your business—whether in advance of a sale, as part of succession planning efforts, or for other needs — a number of factors come into play. Along with the elements that drive real value, there are inherent risks. In terms of succession, consider that just about 30% of family and other businesses survive the handoff from the founder to the second generation. Fewer still (approximately 12%) are still viable into the third generation.

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Preventing Small Business Failure: Top Ten Company Killers (Part I)

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When it is time to assess the value of your business—whether in advance of a sale, as part of succession planning efforts, or for other needs —  a number of factors come into play. Along with the elements that drive real value, there are inherent risks. In terms of succession, consider that just about 30% […]

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