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Technology Upgrade Alert!

 ATTENTION ONLINE BANKING CUSTOMERS: We will be upgrading our Online Banking technology and the new platform will not support user names that meet this criteria:

  • User name is less than eight (8) characters in length
  • User name is an email address
  • User name includes special characters (e.g. %@_!@#)

 If your user name meets one or more of the above criteria, please have your information updated before May 31, 2018 to meet the new requirements.

 Consumers- You can view and edit your user name by clicking on the “My Setting” tab on the top right of your screen after you log in.

 Business- Business Admins, please contact us at 203-805-5825 to update your user IDs. Admins are responsible for changing the user IDs of their sub users.


 
business-planning

Growing Your Business

Keep one eye on the present and the other on the future as your business expands.

With your business established, the next phase is growing profitability and expanding operations. When it comes to growing steadily, there are several factors to consider. 

Forecasting Your Growth

As you manage your daily operations, keep the future in mind and think strategically about where to take the company. Consider these elements for the future: how employees and resources will need to change; how to change your point of view to consider the best solutions for the company; what the ideal outcome will be and what forces will drive it.

Implementing Helpful Technology

Advanced technologies can save time and money while creating more efficiencies in business operations. This becomes increasingly important as the company grows. Consider implementing valuable tools such as accounting software, a calendar system and time-tracking software.

Consider Alternatives to Growing Intelligently

Depending on the type of business you run, growth opportunities could exist through franchising, licensing products or diversifying product and service offerings. Additionally, expanding your market and merging with or acquiring another business could lead to rapid growth. Take time to think creatively about these possibilities and what options are the best match for the business as it currently exists.

Develop a Marketing Plan 

If there's no formal marketing strategy, now is the time to consider one. Developing a thorough plan leads to a better understanding of the market and what the audience needs and wants. Investing time and money to create this plan results in a regular marketing schedule that can help increase business. Focus on the marketing efforts that deliver the highest ROI and then invest more resources in initiatives that will advance the business.

Financing Your Growth 

To finance a growing business, trust Savings Bank of Danbury to find the proper financial solutions. We're a U.S. Small Business Administration Preferred Lender, meaning we are experienced experts at helping small businesses thrive in our Connecticut communities. Additionally, the SBA offers more insight and guidance on growing a small business.