Small business technical assistance and financial services are linked.
For example, 40% of small businesses do not want or need financing and that the most commonly cited problems are “poor sales, taxes, government regulation, competition from larger businesses and the cost of insurance.” While technical assistance could advise away the rising cost of business insurance, TA intervention around other issues can be invaluable. A business that is not clearing sufficient sales might have a marketing issue that could be resolved by mapping out a marketing plan or creating a stronger web presence that will get the right customers through their door. As a business TA provider we spend time navigating and walking clients through financial, regulatory processes, and requirements to ensure they are compliant. If for example a larger business is providing a product or service at a cheaper rate than a smaller business client, our TA services can help the smaller operation shift their focus to either highlighting their product’s unique value proposition or offering new/additional products or services.
Call us at 215-452-0100 to learn more.