Posted On: November 6, 2024 by Farmers Trust & Savings Bank in: Business Banking
The key to starting a successful business is lots of careful planning. If you’re considering starting your own business, consider these tips from the Small Business Administration and Farmers Bank.
Write a Business Plan
No matter what type of business you’re hoping to start, a business plan will act as a guide for getting started as well as for maintaining and growing your business down the road. A good plan defines your business and clearly identifies goals. It will help you allocate your resources, handle problems and make smart business decisions. It is also a critical tool to have in hand as you try to secure funding for your business. For tips on how to write a business plan, visit
https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan or contact one of our lending experts who can help guide you through the process.
Find a Mentor
Find another small business owner or someone with entrepreneurial experience. He or she will be a valuable resource for information and advice, a sounding board for ideas and a source of guidance. You might also consider joining a trade association or networking group where you can connect with other small business owners.
Get the Financing You Need
All businesses require some financing, and Farmers Bank can help you! We offer a variety of loans tailored to the unique needs of small businesses. When you’re ready to get your business off the ground, visit the lender you can trust!
Turn to Us for Your Banking Needs
Once your new business is up and running, business banking products and services from Farmers Bank can make managing your money easy – so you can focus on growing your business! We offer a complete range of business products and services including:
- Business checking accounts
- Remote deposit
- Credit cards
- Saving and investment options
- Cash management services
- Online account management
- Courier services
- Leasing services
- Loans and lines of credit
- Payroll services
- Merchant card processing
Farmers Bank’s business banking specialists are on hand to make sure you have the tools you need to help your business succeed! Stop in today, visit farmerstrust.bank or call 712-262-3340 for more information.
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