News (2422)
How to Have a Successful Business
Small businesses have the best chance of succeeding if they have a good business plan and a well-defined niche, reports Forbes.
It’s no secret that a large portion of entrepreneurs and aspiring business owners fail. Studies have shown a full 20% of small businesses fail in their first year, 30% in their second year, and 50% by year five.
Read more...Program Helps Business Succeed
Goldman Sachs program to help businesses during the financial crisis has now served 7,300 business owners, reports the Harvard Business Review.
Launched in the midst of the financial crisis in 2009, Goldman Sachs’ “10,000 Small Businesses” program provided free business education, a network of support, and access to capital for small businesses across the United States.
Read more...Selling Your Small Business
Prior to attempting to sell your small business make sure you understand the whole process, reports Entrepreneur.
Selling a small business for the maximum value to the right purchasers on the right terms can be a tremendous challenge, even for experienced business owners.
Read more...New Tariffs Worry Small Business
According to Fox Business, the latest tariffs impact items from Europe including wine, cheese & whiskey, worrying small business retailers ahead of the holiday season.
A new round of tariffs took effect on Friday, but they have nothing to do with China or North Korea. These duties imposed by the United States are on products that many Americans enjoy.
Read more...Cybercrime Costs Big Dollars
According to CNBC, cybercriminals are targeting small businesses. The average cost of the attack to the small business is $200,000.
In an age of ongoing digital transformation, cybercrime has quickly become today’s fastest-growing form of criminal activity.
Read more...Consider S-Corp Instead of C-Corp
Before becoming a C-corp or an LLC, small businesses might want to consider becoming an S-corp, reports CPA Practice Adviser.
With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should.
Read more...Lending is Up for Small Business
Small businesses lending is up, reports Forbes. Big banks are approving 28% of all small businesses applications, while smaller banks are approving 50%.
Approval rates for small business loan applications rose to another post-recession record (27.9%) at big banks ($10 billion+ in assets), while approval percentages also stayed above 50% at small banks in September, according to the latest Biz2Credit Small Business Lending Index™
Read more...Keeping Businesses Going Amid Tariffs
According to CNBC, U.S. companies are finding ways to keep their supply chains flowing with the new tariffs.
The sweeping tariffs imposed on China for its alleged unfair trade practices was intended to set right imbalances that put U.S. companies at a disadvantage
Read more...Fighting Against Counterfeits
U.S. small businesses owners are fighting against counterfeit items, reports CNBC.
When Ruth Brons has a break between teaching her students in New Jersey how to play the violin, she’s trying to find new ways to defend her small business against counterfeiters thousands of miles away in China.
Read more...Small Businesses Get Search Boost
According to Search Engine Journal, Google’s latest search trend report finds ‘local shops’and ‘mom and pop’ appearing more frequently in people’s searches.
Google has released a new report with fresh data on how people are searching for small businesses in the United States.
Read more...
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