With the New Year officially here, many small business owners are wondering what to expect as we begin the first month of 2019.

Have you noticed that some of your competitors are pulling ahead? The reason for their rapid growth and success might have something to do with their choice in business funding.

According to the University of Scranton research, more than 40 percent of American’s make New Year’s resolutions. Despite good intentions, just 8 percent of these individuals go on to achieve their New Year’s goals.

Company culture is the personality of your business and defines the daily environment in which your employees work. Forming a positive company culture is the cornerstone of any successful, thriving business.

Between 1978 and 2012, the number of businesses less than a year old declined as a share of all companies by a startling 44 percent. Some business leaders referred to the situation as the slow death of American entrepreneurship.

The baby boomer generation has officially been surpassed as the largest generational demographic. The “millennial” generation has become the single largest group within the workforce, and are a quickly becoming the largest consumer group as well.

If your small business is like most companies, credit risk may come with the territory. In many industries, customers expect to be granted payment terms; that is, the leeway to pay for goods/services at a point following delivery (typically 15, 30 or 60 days).

Starting a business can feel a lot like driving down a dark, winding road in the middle of the night. You know where you want to go, but are unsure of how to get there safely or what lies between point A and B.

Each day, the world of business becomes a little more complex than it was the day before. For the small business owner, it’s increasingly difficult for them to specialize in all the different disciplines a small business needs.

As the old adage says, “cash is king” when it comes to business. However, despite cash being one of the most critical components of a business’ success, many business owners don’t know how to properly handle their cash flow.