Tower News & Blog
How to measure business growth
As an entrepreneur, you must continuously check the progress of your business. You need to measure your business performance to know what works and what doesn't. So how do you measure the success of a business? In this article we look at how to measure business...
4 common challenges all SMEs will face (and how they can be overcome)
When small businesses are in the early years of operation, there are an array of challenges that are likely to crop up. If you are new to the world of business, and the SME you are currently operating is your first solo venture into your particular marketplace, it...
5 growth strategies for small businesses
Growth is fundamental to the survival of your business, which is why you should plan for it from the very beginning. Without a growth strategy, your business will plateau very quickly or even worse, fail. There are several growth strategies for small businesses that...
Buy or lease? Why leasing equipment could be the option for you in a post-Covid business environment
2020 was a difficult year for individuals and businesses alike, and though it would appear that the COVID-19 pandemic could soon be brought under control due to the incredible work of the world’s scientists, life is unlikely to return to normal immediately. Businesses...
4 reasons why your loan application was rejected
Having access to loans is important for business growth. However, it is not uncommon for banks to reject loan applications from SMEs and start-ups. As disappointing as this might be, try and find out why the bank rejected your loan application so that the next one...
3 tips for building sustainable business growth
All business owners appreciate that business growth can go horribly wrong if not planned correctly. These three simple tips can help you ensure sustainable business growth for any kind of SME. Although rapid growth in business size sounds great during challenging...
Understanding loan terminology
As an SME owner, taking out a loan can be a great way to get your business started or increase its momentum. But entering the world of business loans can be very confusing, in part due to the complex terminology which is used by loan providers. Whether you’re...
How to know it’s time to expand your business
In the world of business, you should never be in a position of settling for what you’ve got. Business is all about growth, development and becoming the best you can possibly be. At points, you’ll reach the top of your potential in the circumstances you’re in, and...
Don’t let Covid-19 prevent investment in your educational estabishment
Countless funding challenges impact all types of schools and educational establishments, and Covid-19 offers even more issues to address. If you need to increase equipment levels in your school or college, Tower Leasing have an approved funding line by the department...
3 business expansion mistakes to avoid
Deciding to expand is a huge undertaking for any business owner, so to make sure you set off on the right foot, we've put together a list of three of the most common business expansion mistakes companies make. Hiring inexperienced employees If you're planning on...
4 money management tips every small business owner should know
Small and medium enterprises (SMEs) are the backbone of every economy. However, running a small business is not very easy. Research shows that about 50% of these businesses fail before their 3rd year in operation. The main reason for the high rate failure of small...
The importance of investing in assets for small businesses
If you own a small business, you may mistakenly believe that investing in assets is something only large businesses and corporations should be concerned with. Investing in assets is something all businesses, including new and small businesses, can benefit from. What...
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