JPMorganChase offers help for small business owners

After a long period of planning and hard work, you’ve finally turned your dream of starting a small business into reality. As many business owners soon recognize, however, the launch is just the beginning of their entrepreneurship journey. Once you’re open for business, it’s time to start thinking about how to grow and scale your company for longer-term success. 

Coaching for Impact, JPMorganChase’s program for small business owners, Chase Community Center, 3005 Broadway, Oakland. Contact Oscar.Lopez@chase.com.

JPMorganChase offers a complimentary, one-on-one consulting program for small business owners called Coaching for Impact at its Oakland Community Center branch on Broadway. The program is open to anyone, whether you’re a Chase customer or not, and includes certified small business consultants to coach you through challenges and help you manage your business more efficiently. 

“Success is built on resilience and community; in Oakland, every challenge is an opportunity to innovate and thrive together,” said Oscar Lopez, a senior business banking consultant in Oakland for JPMorganChase.

“Take every challenge you face as a stepping stone to greatness; embrace them as fuel for your journey and let your resilience shine,” Lopez said. 

To scale your business, you may need to pivot and look beyond the methods you used to get started. By investing in your facilities, teams, and processes, you can set your organization on a path to growth and help minimize potential interruptions down the road.

Get started with these four steps to begin taking your small business to the next level:

Secure additional financing. Future financing plans could include applying for more loans, grants or investor funding. It’s helpful to build a strong relationship with a bank you trust to support the growth of your business.

Streamline operations. Investing in processes — such as using digital tools to simplify and automate invoicing, approvals and payments — could pay off in the long run. You can move money faster with real-time payments and improve your cash flow while minimizing the risk of fraud.  

Build your team. While many small businesses start as solo operations, adding team members can help streamline your business. If you already have an accountant or bookkeeper, consider expanding your team with employees who have the industry expertise to guide your business on the path to lasting success.

Expand your network. You’ll need advisors, consultants and experts who have seen it all, or who know someone who has. Spend time identifying events, like trade shows and expos, informational sessions, and networking receptions with buyers and potential suppliers, as well as programs you may qualify for that offer additional support. Making these connections can also open your business to new customers. 

Small businesses are the backbone of our economy. Their success leads to stronger communities by creating new jobs, driving local economic growth, and offering residents more opportunities. As of 2023, the Coaching for Impact program has helped over 5,000 businesses nationally grow. The program continues to expand, and will be available in 38 cities by the end of this year.

For more tips and resources to help you grow your small business, visit Chase and the Coaching for Impact program online.

For informational/educational purposes only: Views and strategies described in this article or provided via links may not be appropriate for everyone and are not intended as specific advice/recommendation for any business. Information has been obtained from sources believed to be reliable, but JPMorganChase & Co. or its affiliates and/or subsidiaries do not warrant its completeness or accuracy. The material is not intended to provide legal, tax, or financial advice or to indicate the availability or suitability of any JPMorganChase Bank, N.A. product or service. You should carefully consider your needs and objectives before making any decisions and consult the appropriate professional(s). Outlooks and past performance are not guarantees of future results. JPMorganChase & Co. and its affiliates are not responsible for, and do not provide or endorse third-party products, services, or other content.

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