Thursday, March 14, 2013

Growth Opportunities for Small Business

There is an ongoing sea of change in business that sees small enterprises breaking out of traditional constraints and growing at a fast clip in previously unexpected ways and places.  As globalization gets more sophisticated, for example, startup businesses are making it big quickly in locations that have no visible industrial infrastructure to support such growth.  The Internet economy is also pushing women entrepreneurs to the forefront of successful business concerns.




Nowhere is this business trend more evident than in the unprecedented increases in small loan approvals. The latest Biz2Credit Small Business Lending Index reports that community banks and alternative lenders are outstripping big commercial banks in approval of small loans.  Part of the reasons for the booming approval rates of alternative lenders is the offer of new and cheap products that characterize small enterprises.




In previous times, small businesses typically looked to areas around Boston, New York and Silicon Valley as the best places to set up shop for fast and high growth.  Not anymore. 
Fast-growth firms have sprouted in unexpected regions and industrial sectors.  An Ewing Marion Kauffman Foundation report notes that while Silicon Valley, Austin and other traditional high-tech hotbeds are well-represented among the cities that host high-growth companies, areas like Salt Lake City, Indianapolis, even Buffalo, N.Y. are now called home by a significant number of the top 500 firms listed in industry catalogs.

 
When it comes to women entrepreneurs, there is an exciting surge in fast-growing companies in New York and other states run by women.  This has led Crain’s New York Business to comment that it is no longer unusual for women to lead multi-million dollar companies.  Studies show that just 1.8 percent of women-owned businesses are able to surpass the $1-million revenue mark compared with 6.3 percent of men-owned businesses.



What makes the present dispensation hospitable to women entrepreneurs is the Internet economy which is ideal for service and retail activities.  The Internet makes it easier for a small company to reach out to a bigger market and to adopt the economy of scale for efficient handling. Today’s preoccupation with work-life balance is greatly enhanced by technology, allowing women greater flexibility.


An increasing number of small businesses make their operations more flexible and economical by harnessing companies like Titan Business Suites. Titan Business Suites provides the necessary support for small businesses to fast-track their growth at less administrative costs.   
Small business owners can save a great deal on operational costs by turning to Titan Business Suites for executive office space and virtual office solutions.  Available in the Cinco Ranch, Katy, Richmond and greater West Houston area, Titan Business Suites has a full range of office, virtual office, administrative and meeting room services that can offer your organization a comfortable and professional atmosphere no matter the length of your stay or the needs of your business.



 
The highly trained administrative team of Titan Business Suites is available to organizations on demand to help them enhance their productivity.  By letting Titan Business Suites takes care of everything, client organizations do not need to spread themselves thin in terms of budget and personnel.  Titan Business Suites is available for short term projects, heavy workloads, client-scheduling needs, mail-out projects, data entry and much more.

These services include:


 - Flexible lease terms from 3 to 12 months

- Fully furnished offices.

- Friendly receptionists to Welcome Guests and answer your telephone calls.

- Rental rates, service charges, janitorial services and utilities included.

- Additional services include high speed business class internet, Cat6 cabling and bandwidth allocation options, as well as state-of-the-art Cisco telephone equipment, voice mail to email options and unsurpassed call answering services.

- Fax, copy, scan & printing services available.

- Meeting rooms, breakout areas, business cafe and kitchen.

- On demand administrative support services available.



For more information on growth opportunities for small business, please visit:  Titan Business Suites

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