Outside Voices: Preparing for inflection points in your business - Jacksonville Business Journal

By Coley Jones – Business Banking Market Executive, Bank of America in JacksonvilleJacksonville is home to a large variety of business sectors, from health care and retail to a rising presence of professional and business services, an industry which grew by 15,700 jobs locally in the past year, according to the Department of Economic Opportunity.

What are those inflection points for your business? Drawing on client insights and perspectives, we have identified a few key moments in time.While a company is growing, there are several considerations: hiring the right talent, expanding your operations and accessing additional capital. Asset-based loans: Businesses can borrow based on their own financial and physical assets, which can range from accounts receivables and inventory to equipment and real estate. Asset-rich companies that have variations in cash flow but need significant capital to help them operate can access revolving lines of credit or term loans that are secured by the borrower’s assets.

Optimize existing technology: Many companies can optimize their existing technology without making significant technology investments. For example, manual tasks, like accounts payable, can be automated or streamlined.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Outside Voices: Preparing for inflection points in your business - Jacksonville Business JournalAs year changes, think of what changes might be on the horizon for your business.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Breeze Airways adds new routes from Jacksonville, brings others back - Jacksonville Business JournalThe changes come as the airline is expanding at airports around the country.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

These two Jacksonville-area hospitals are top for maternity care - Jacksonville Business JournalUS News and World Report has expanded its hospital ranking to look at maternity care. Here's the local hospitals who ranked the highest.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

The List: Here's the largest corporate accounting firms in Jacksonville - Jacksonville Business JournalThe List: Here are the area's largest accounting firms
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Murals with Meanings initiative in Jacksonville - Jacksonville Business JournalHearts for Minds turns family tragedy into nonprofit organization and mural art initiative to promote mental health awareness.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Mayo in Florida CEO Kent R. Thielen - Jacksonville Business JournalMayo Clinic in Florida CEO Dr. Kent R. Thielen offers insights into the challenges and opportunities 2023 will bring.
Source: JaxBizJournal - 🏆 599. / 51 Read more »