You don't have to rob a bank to fund your business
In my former life, I worked in commercial banking (not as part of a heist crew). As we were building this issue of Business Matters, I realized how directly my banking career launched my desire to help businesses. Every day, we had businesses of all sizes seek our services for their banking and merchant needs, and we saw which companies were struggling while others flourished. My role was in customer care and new accounts, which allowed me to talk to business owners and entrepreneurs about their plans and see how we could help them. Sometimes it was as simple as showing them how to balance their checkbook correctly, while other times, they needed in-depth assistance from our platform of lenders who could find solutions to keep their business open through loans. I remember how satisfying it was to see their happiness when we matched them with funding to open or grow their business. I believe there are enough resources to go around without robbing Peter to pay Paul.
Whether you’re just starting to think about launching your own business or are an existing business owner looking to grow your business, this issue of Business Matters can guide and support you on your journey. Each page contains tips and advice from business advisors, accountants, and lenders that can assist you with finding capital, creating a strategic plan, or launching a marketing campaign.
Capital is the lifeblood of any business. The Money issue focuses on best financial practices that your business should be employing, and understanding, obtaining, and leveraging capital. We discuss the different types of capital and the components required, and we introduce you to business advisors, accountants, and lenders that can assist you with securing financing, creating a strategic plan, or launching a marketing campaign.
To help small businesses secure financing, the Chamber loves to connect owners and managers with members of the lending community to ensure they can obtain the funding they need. That feeling of satisfaction has not dissipated one bit over the years.
Healthy businesses are the foundation of a thriving community and local economy. Whether you are just starting out or have been around for decades, I hope we have given you the financial insight your business needs to level up. Need more help? Contact any of our experts in this issue or the Chamber office – we’ll help you get there!
Nancy Hoffman Vanyek, ACE
Chief Executive Officer
Greater San Fernando Valley Chamber of Commerce