National Small Business Week (April 29 – May 5) celebrates the considerable contributions of entrepreneurs and small business owners to the American economy. Every year since 1963, the U.S. Small Business Administration (SBA) has dedicated this week to recognizing and...

Regular readers of our Small Business Blog know that at Summit Financial Resources, we’re fans of quirky holidays. So when we found out that the third Thursday in April is National High Five Day, we thought it was the perfect opportunity to talk about the importance...

Employee training is not just for large corporations. Having a knowledgeable and well-trained staff can positively impact productivity, customer service, retention, and revenue for businesses of all sizes. Many small business owners consider employee training...

Summit Financial Resources finances companies of all shapes and sizes, from light manufacturing to heavy equipment, and IT staffing to worldwide distribution. While our clients are diverse, they have several things in common: they are well-managed companies who work...

With Tax Day fast approaching, many small business owners are likely to be expecting a refund. If you are one of them, now is the time to consider how to use the extra cash wisely. One option is to treat your refund as an opportunity to invest in your business for the...

Spring is a busy time of year for many small businesses. The shift in seasons often prompts business owners to take stock of what’s working, what’s not, and what they can invest in to take business to the next level. This makes spring the ideal time to take advantage...

Now more than ever, small business owners need to invest the time and effort to understand the financing options available to them in order to make the right choice to meet their objectives. With so many alternatives on the market, the consequences of failing to do...

Putting the right accounting software solution in place not only minimizes the amount of time business owners spend on administrative functions, but these programs can help speed up cash flow, reduce costs, improve accuracy and efficiency, and ultimately help small...

If your small business is seasonal, you know how difficult it can be to maintain sufficient cash flow. Manufacturing and sales slow down or even cease in the off-season, while the rent or mortgage, insurance, taxes, utilities, and salaries still need to be paid. Right...

Paying taxes on time is a top priority when it comes to running a successful business. However, it’s not uncommon for small business owners to owe more money than they have on hand. Whether this is due to cash flow problems or getting a bigger tax bill than expected,...