4 Keys To Long-Term Success For Small Businesses

John-Paul Smolenski is the founder and CEO of MMP Capital , a leading commercial finance company helping small businesses grow. getty When I was 29, I walked away from a job making over a quarter of a million dollars a year. It was a tough economy, my wife was pregnant, and I recently buried my father, but I decided to start MMP Capital out of my garage. Many would have said the time wasn’t right to take a risk, but I trusted my gut, my experience and my network of contacts and took the leap knowing that I could create a well-managed, successful small business. Ten years later, our company funds nearly $300 million in equipment financing per year, with a strong following from medical aesthetic offices that must consistently purchase new equipment. The MMP family consists of 55 employees, and we are projected to grow by 35% this year, despite economist predictions that 2023 will be a particularly tough year for the economy. Beyond my family, our company is my biggest achievement, and I would like to share some of the lessons I have learned over the past 10 years of growing it. 1. There is no shortcut […]

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