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The Slingshot Café

Multifunding_Slingshot_buscards_AVERY_BACK_PRINT READYOur blog, The Slingshot Café, is where CEO Ami Kassar gives valuable insights on the current small business trends and how they can impact your business. Read through our blog to learn more about small business loans, financing options and more.

 

Most Entrepreneurs Don’t Realize There Are Different Types of Credit Lines Available to Them – Picking the Right One For You Is Important

Posted on: March 14, 2019

Business owners tend to gravitate toward their local banker for financing, seems logical. But there are options for lines of credit your banker may not be thinking of that could work better for you. Whether it’s for your business or your personal finance, having ready access to cash is never a bad idea and serves

How to Figure Out What’s Holding Your Company Back (And Push Past It)

Posted on: March 21, 2019

Entrepreneurs regularly focus on the bottom line, which makes sense, but sometimes you should take a step back and examine the overall state of your business. A significant part of that process should include taking the time to understand what is limiting the growth of your company. And because there are different constraints at various

Knowing When to Sell Your Business Is Difficult. Here’s How to Separate the Emotions From Rationality

Posted on: March 01, 2019

If you have an excellent offer on the table, think long and hard before running away. I’ve recently been coaching a wildly successful entrepreneur who has received an extraordinary offer to buy his business: The would-be buyer is offering a price that’s 12 times EBIDTA. The owner would no longer be a part of his company,

How Business Owners Can Get Ahead of a Recession Curve

Posted on: February 07, 2019

Being financially prepared, ahead of the curve, for a potential recession enables you to weather the storm. In recent weeks, phone calls have been rolling in from clients and would-be clients having issues with their banks. Often, the banks are putting them in workout situations or are otherwise tightening their loans. As you might expect,

How to Handle Unexpected Conflict With a Business Partner

Posted on: January 31, 2019

You may not know when or why, but it is inevitable that you will disagree with your partners at some point. Learning how to diffuse a contentious situation is paramount to your companies continued success. No matter how successful you are, life’s always going to throw some curve balls your way. That applies to both your

Entrepreneurs Have to Learn to Live by the Numbers–Their Businesses Depend on It

Posted on: January 23, 2019

Numbers are the lifeblood of a business, and many of us obsess over them, and rightly so, but others need to take a more serious approach to maintaining them. We sometimes shoot ourselves in the foot with numbers. The trick is to be consistent with the knowledge your numbers provide. I recently met an entrepreneur

Small-Business Loans Are Being Held Up By the Government Shutdown. Here’s What to Do

Posted on: January 16, 2019

The federal government shutdown has claimed many victims–most notably the scores of furloughed employees–but its impact is being felt in other ways, too. Since the end of December, thousands of small and midsize businesses have not been able to get their loans processed by the Small Business Administration (SBA). The Washington Post reports that more than

How to Take Control of Your Business in 2019

Posted on: January 10, 2019

Even if you’re not a resolution person, a mental fresh start, a wiping the slate clean mentality can open your eyes to new possibilities. Being an advocate for entrepreneurs has proven to be a satisfying profession, but I’ve realized in the last year or so that I’m not always following my own advice — that

How to Financially Prepare Your Business for a Future Recession

Posted on: January 03, 2019

Now is a good time to consider your cash flow options. Is a recession looming? That’s a question you hear every day as the market careens down, soars back up, then flutters again. I’m not an economist, but you don’t have to be one to see there are some potential warning signs staring us in

How to Better Understand the Biases of Your Advisers

Posted on: December 27, 2018

Knowing how you should deal with what might be an overwhelming amount of advice, especially when much of it may be conflicting. Entrepreneurs frequently seek advice from all sorts of people–bankers, other entrepreneurs, financial advisers, lawyers, that know-it-all guy at the cocktail party and so on. That’s a good idea because no matter how smart/experienced