News (2425)
Use Caution When Choosing a Non-traditional Loan
Loan companies offering quick and easy loans to small businesses often fail to disclose the true cost of the loan, reports the Telegram. Many of those loans can have interest rates as high as 50 percent. In addition, some of them have pre-payment penalties.
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Social Media Best Practices
SCORE, – www.score.org – the nation's largest network of free, expert business mentors, has gathered statistics on the most effective strategies for social media marketing. This is the last in our series of infographics on content marketing statistics (see parts one and two). 88% of rapidly growing small and mid-size businesses use social media, highlighting its increasing importance.
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SBA Disaster Assistance--More Than Two Million Loans Approved
In the aftermath of floods, earthquakes, hurricanes, tornadoes, power outages, oil spills, droughts and other calamities that have occurred since 1953, the U.S. Small Business Administration has approved more than two million disaster loans to businesses of all sizes, non-profit organizations, homeowners and renters for a total of $53.8 billion.
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Why Startups Fail
A study by U.S. Bank found that 82 percent of all startups fail due to poor cash management, reports Entrepreneur. One of the top mistakes a small business makes is overestimating future sales volume.
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Small Business HR Mistakes that Cost
According to the Huffington Post, there are five common human resources mistakes that small businesses make that could land them in legal hot water.
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Small Businesses Make Digital Missteps
Despite the fact that millions of people shop online everyday, one out of four small businesses still doesn’t have a website, reports the Week. In addition, many small businesses that are online are making critical mistakes that are harming their business.
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SBA Encourages Micro-Loans
According to Forbes, many small businesses need loans $150,000 or under, but these “micro-loans” are too small for traditional lenders. To that end, the Small Business Administration is encouraging its lending partners to fund micro-loans for small business.
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Sales and Use Tax Connector for QuickBooks
Vertex SMB has introduced a sales and use tax connector for QuickBooks. The connector allows QuickBooks users to utilize the Vertex SMB sales and use tax solution to perform calculations on invoices, look up tax rates, prepare and file returns, and maintain product taxability and compliance across multiple jurisdictions and states. The solution automatically performs instant and accurate sales tax calculations and syncs with QuickBooks to help ensure compliance with less effort, cost, and risk.
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Seal Software Launches Newest Module for Salesforce.com
Seal Software announced today its newest version of its module for Salesforce.com, which provides seamless integration between Seal's Contract Discovery and Analytics software and Salesforce.com's leading Customer Relationship Management (CRM) system. This version provides enhanced connectivity for users within an organization, resulting in invaluable customer insights from information locked within contractual documents.
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Recovery Slow for Small Business
According to the Daily Signal, a new survey shows that only a small percentage of small businesses have fully recovered from the “Great Recession”. Of those surveyed only 21 percent reported a full recovery.
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