For many Americans, owning a flourishing small business is their idea of the the dream life. Small businesses are the lifeblood of our economy, providing jobs, tax revenue, and community networks that bring in billions of dollars every year. Here in Atlanta, the American Dream is alive and well, with people of all walks of life putting their ideas and passion to work to create successful companies.

That’s not to say that opening a small business here in the Atlanta area won’t be challenging. National statistics indicate that only about 50 percent of all the new businesses opening this  year will make it past their fifth birthday.

We don’t say this to scare you away, young entrepreneur, but rather to congratulate you for taking the road less traveled in your pursuit of lifelong happiness.

If you’re already open and bringing in revenue, you’ve mastered the hardest part. If you’re experiencing steady growth, you’re probably wondering how to leverage it into long-term success. Here are some strategies for growth recommended by the Small Business Administration:

Open A Second Location

For those who are running brick and mortar operations in the Atlanta area, this is the most obvious solution to exponential growth. You can only be so productive in one facility, two would mean doubling capacity and thus, the number and volume of clients you can serve.

Operating multiple locations is a tried and true way to capitalize on your company’s momentum, and we’ve seen it work for many of our clients. If you need short-term lending solutions to provide your company with the working capital needed to expand, contact The Commercial Finance Group to learn more about our commercial loan alternatives.

Win A Government Contract

Another way to capitalize on your desire for growth is to remain in a single location but secure larger volume contracts that allow you to turn a larger profit in one single order. This is an especially salient approach for people in the fields of construction, manufacturing, or security services. However, dealing with the slow payment cycle of government agencies can create cash flow problems. Utilize the small business lending solutions offered by The Commercial Finance Group to bridge the gap between project completion and payment!

Expand Globally

Want to start thinking much, much bigger? Expand out of the Southeast and America itself to serve a global market! We’ve seen several of our clients experience great success with this strategy. Just keep in mind that payments from international clients can sometimes be sluggish. Ensure that your bills keep  getting paid with the small business lending solutions offered here at The Commercial Finance Group in Atlanta.