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Too many business owners have siloed mindsets: They think they must do everything — and know everything — themselves. It's just not possible. Here's why you should create an advisory board and whom you should invite to join it.

For many proprietors, variable-rate small-business loans are a common part of business. Yet, their borrowing costs are set to skyrocket to double digits this year due to Fed rate hikes. Small and medium-sized business owners can't fight the Fed, but there are a few other things they can do to save — and even grow — their businesses.