Weatherholt and Associates – Small Business Authority

Diversify Your Business

The diversification principle has long been accepted as an important investment strategy. Can the diversification principle be applied to your business as well?

In this article from the January 2010 Business/News & Views®, I advocate that businesses should start thinking differently about their business structure. It is dangerous to put all your financial eggs in one basket, just as it is dangerous to have only one stock in your investment portfolio.

For my recommendations on how to start this analysis and implement the changes you need, read the full article: Diversify Your Business

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Business Plan: Management Team

Dave’s guest on “Getting Down to Business” is Sam Dickey, Deputy District Director for the U.S. Small Business Administration (SBA) who informs Dave’s listeners of the changes (some of them extensive) to the SBA. Some changes make it easier for small businesses to refinance loans.

And to help small businesses get their loans, Dave delves even deeper into the business plan for Sunburst Coffee. This podcast, he details the needs for the management team section and why it matters.

Listen or download below:

Business Plan: Management Team

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