It’s exciting to see new businesses pop up in Columbia and the surrounding areas! It means the economy is growing and jobs are opening. It also means that individuals are working hard to achieve their goals. Maybe you have thought about opening a business but just don’t know where to start. I’ve got a few tips to make starting a business just a bit less overwhelming.

1. Create a solid business plan that outlines your goals, target market, marketing strategy, and financial projections.
   When you approach the bank about funding this business idea, your lender will want to see that you have a clear goal in mind for your business and the numbers to back it up. The U.S. Small Business Administration has great resources to help you research for and write your business plan.

2. Secure funding or investment to cover startup costs and initial expenses.
   Here is where your local lender will really shine. Once they see that you have a clear goal in mind, they will work with you to meet your financing goals. They’ll also be a great, trusted advisor. To learn more about the lending solutions Mid America Bank can offer your business, visit our website.
   
3. Build a strong team of employees or partners who share your vision and can help execute your business plan.
   They say it takes a village, and they’re not wrong. Not only should you have a local lender in your corner, but also build a strong support system of other business professionals, employees, partners, and friends that believe in you and what your business has to offer.
   
4. Stay adaptable and open to pivoting your business model based on feedback and market trends.
   The world is an ever-evolving place. Look at the number of phone models Apple has created or the updates that car companies have made throughout the years. Don’t get discouraged should you have to pivot from your original plan.

As you start your business journey, if you’re looking for a local lender to partner with, look no further than Mid America Bank. We’re a growing financial institution that provides friendly, reliable service tailored to you! Reach out to me or visit our website for more information.

Brad Roling is the Columbia Market President for Mid America Bank. Brad has more than 10 years of banking experience that he uses to help businesses in and around Columbia thrive. When he is not helping your business with its financial needs, Brad is serving the community in a variety of capacities. He is proud to serve on the Ronald McDonald House Mid-Missouri Board of Directors as Treasurer, the Columbia Chamber Foundation Board, and Beta Theta Pi Advisory Board. Brad is a proud Mizzou grad and loves cheering on the Tigers!