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          12/09/2025

          9:45am - 11:00am

          Greater Boston Chamber of Commerce

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          Engage & Learn

          Explore opportunities to connect and grow.

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          Read More
        • FEATURED EVENT

          ...
          Series
          2025 Government Affairs Forum | State Treasurer Deborah B. Goldberg

          Don’t miss our upcoming Government Affairs Forum with Massachusetts State Treasurer Deborah B. Goldberg.

          12/09/2025

          9:45am - 11:00am

          Greater Boston Chamber of Commerce

          arrow-go
          Read More
        • EXPLORE OUR PROGRAMMING:

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          • Economic Inclusion
          • Small Business & Entrepreneurship
          • Digital Media & Marketing
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          • Young Professionals Network
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          City Awake

          City Awake empowers young professionals in a variety of ways that encourages these rising leaders to stay invested in the region’s future success.

          Read More
          Boston’s Future Leaders

          Our Boston’s Future Leaders (BFL) program provides emerging leaders with a socially conscious and civically engaged leadership toolkit, as well as the opportunity to apply their knowledge through experiential assignments.

          Read More
          Massachusetts Apprentice Network

          The Massachusetts Apprentice Network convenes employers, training providers, and talent sources interested in developing and implementing apprenticeship programs in occupations across industries and statewide in fields such as tech, advanced manufacturing, healthcare, financial services, and more.

          Read More
          Strategic Communication for Better Collaboration

          Level up your leadership and communication in this Boston Chamber workshop for professionals—gain essential skills in team alignment.

          Read More
          Partnership with Boston Public Schools 

          The Chamber Foundation invites the business community to engage with Boston Public Schools leaders and their students to help build the future workforce.

          Read More
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          Expanding Opportunity

          Learn how we advance talent and small business growth.

          arrow-go
          Read More
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          Programming That Empowers

          Explore our key priorities and strategic efforts.

          arrow-go
          Read More
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9 Ways to Safeguard Your Business by HarborOne Bank

With interest rates climbing and a potential tightening of spending, it makes sense to take steps to protect your business from events outside your control.

        Here are some ways to prepare for stormy waters ahead

 

  • Build reserves by freeing up cash within your business, such as selling equipment you no longer need, liquidating excess inventory or raw materials, and looking closely at the business assets on your balance sheet, to see what you don’t need, and sell.
  • Do a cost analysis while maintaining or improving efficiency. Document every step of your business process to improve your capacity to do more with less.
  • Diversify into new growth markets (even in times of crisis some businesses will thrive)
  • Widen your product or service mix, negotiate better terms with suppliers, amend your terms of trade to collect money faster, cease any part of your business that doesn’t make a profit, and scale back non-essential staff.
  • Keep a close eye on and fix anything that may impact your gross profit margin such as increases in raw materials or product costs, wastage during production, loss in quality which increases customer returns, or late paying customers.
  • Tighten credit control by requesting deposits or progress payments, use credit scoring systems to reduce poor paying customers, set appropriate credit limits, credit check all customers, monitor late payments, and follow up early with bad debts.
  • Sketch out cash flow scenarios to identify what your business would look like in the future where sales drop (or cease) over a period of time, and develop contingencies in advance. For these scenarios, consider extra cuts you can make, the revenue you need to break even and the length of time it takes to recover.
  • Protect your supply chain by identifying risks to your business if suppliers were suddenly no longer able to deliver. This is especially critical if you have exclusive or hard to replace materials or products as part of your own delivery. Develop an alternate supplier plan and consider reaching out to these businesses as back-up if your existing suppliers can’t deliver.
  • Find new revenue streams through finding different customers or markets, developing new products or services, or finding new ways to sell to your customers.

HarborOne Bank

HarborOne Bank, headquartered in Massachusetts, serves the financial needs of consumers, businesses, and municipalities throughout Massachusetts and Rhode Island through a network of 31 full-service branches and commercial loan offices in Providence and Boston. The Bank also provides a range of educational services through “HarborOne U,” with content and classes available on personal finance and small business delivered virtually as well as at community locations throughout Massachusetts and Rhode Island. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, is a full-service mortgage lender with offices throughout Massachusetts, Rhode Island, and New Hampshire and is licensed in seven additional states.

HarborOne Bank

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HarborOne Bank Introduces BusinessONE

Whether you need financing for inventory, new equipment, or something else, BusinessOne delivers loan decisions for active HarborOne Business customers within 48 hours*. Check out our quick and efficient application process and get your business moving. At HarborOne, our team is your team!

Get Started Today
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