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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

The 3 Most Common Financing Questions That Entrepreneurs Ask

Posted on: May 22, 2019

Maybe you have the same train of thought as your fellow business owners.null One of my highest honors is working with business owners and entrepreneurs to help them think through their best options for financing their business growth. Today, I want to share three of the most common questions I get and how I respond: 1. Do

Goals and Plans: Why You Can’t Effectively Have One Without the Other

Posted on: May 15, 2019

It is important for entrepreneurs to identify their goals and plans on day one. A question I often ask at workshops is, “What’s the goal for your business three years from now?” Follow-ups are similar, such as, “What are your goals five and ten years from now?” The answers I get, when I get answers at

How to Stay Focused on the Future of Your Business

Posted on: May 08, 2019

Far too many entrepreneurs get caught up dwelling on past mistakes and ultimately crippling potentially promising times ahead. It’s unlikely entrepreneurs ever asked Satchel Paige for advice, but the legendary baseball pitcher is credited with a quote that everyone involved in business should heed. “Don’t look back. Something might be gaining on you,” he famously

Why You Should Always Be Challenging Your Financial Thinking

Posted on: April 24, 2019

Generally speaking, every business has its unique financial core. Over the years, more often than not, I’ve seen entrepreneurs spend the majority of the time working on the market share of their business. That’s understandable, given that without a market for the product or service, there’s no business. It is also the visual output of

What Every Entrepreneur Should Know About Taking on Debt

Posted on: April 05, 2019

If you have a short-term financing problem, it’s best to think beyond your nose. Too often, struggling entrepreneurs get so wrapped up in their current state of affairs that they don’t make the moves they need to reach the proverbial light at the end of the tunnel. I just heard from a client whose situation

Emotional Versus Rational Decision Making Causes Businesses to Get Stuck–Here’s a Fresh Approach to Getting Unstuck

Posted on: March 28, 2019

There are times in every entrepreneur’s journey when they feel stuck and are not sure what is necessary to push their business to the next level. It is often difficult to move beyond feeling “stuck” in your business. This scenario was especially apparent to me recently when I heard the following entrepreneur’s predicament. Said entrepreneur

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,