Obtaining state business licenses can be confusing. You might need to apply for more than three licenses just so you can legally open shop. Missing a step or forgetting something can result in a lot of trouble later on. This guide will simplify the process by teaching you the essentials of business licenses and giving
Being an entrepreneur can bring you into contact with a vast network of people, including clients, suppliers, employees, contractors, fellow CEOs and leaders, and more. Our relationships with these networks are often predicated on the basic principles of good old-fashioned trust. However, as a business grows, so does the network of people it interacts with.
More than half (55%) of small businesses say providing health insurance to employees is the biggest challenge they face. Providing adequate healthcare cover comes ahead of Covid challenges, taxes, and competition from large corporations. This was the finding of Small Business for America’s Future national survey of small business owners. Small Business of America’s Future
When you have bad credit, you can still get a small business loan. This is because your credit score doesn’t matter as much as the overall financial health of your business. Most lenders require a minimum credit score of 500, at least six months in business, and $40,000 in annual revenue. Small business loan products
Having a good knowledge of the various types of business structures is important before setting up a business. It helps you determine which structure would best fit your business and enable it to scale quickly and fulfill its potentials. Here, we examine two key ways to structure your operations to protect your business from liability:
Wondering how to open a business bank account or why you might need one? Although it’s possible to run a small business using your personal bank account, there are benefits to having a dedicated account for your business. Keeping your business finances separate from your personal money will make it easier to manage cash flow
The impact of 5G on small businesses cannot be overstated. It will provide an all-around better mobile experience and greater efficiency, meaning your small business will be able to do more in less time and with fewer resources. More specifically, 5G means you’ll be able to connect more devices, experience faster and more reliable connections,
Small business loans can help you get access to cash for starting, expanding or keeping your business up and running. There are several types of small business loans that support a variety of needs, such as starting a franchise, purchasing property or getting cash when you have a stack of unpaid invoices. With so many
Nearly half (49%) of all minority small business owners and a third (33%) of all small business owners were unable to pay their rent this month, according to the latest survey from Alignable. 35% of women-owned businesses reported an inability to pay rent as well. Between the lines: For the first time in the survey’s history, at least
A new study by Visa reveals 82% of small business owners are shifting toward digital payments in response to the pandemic. According to the Visa Back to Business Study, small businesses are rolling out new forms of in-store contactless payments. This is to meet CoVID-19 wary consumers demanding protection and safety at the point-of-sale (POS).
A solopreneur is a professional who builds a personal brand that is tied to himself as the brand. In contrast, an entrepreneur is a person that builds a brand intending to expand the company/brand outside of themselves. The brand would then be able to technically exist if that individual were to leave the company, sell
With the spread of Covid-19 (novel coronavirus) throughout 2020, this year became a difficult year for business worldwide. Forced quarantine saw people staying home as frequently as possible. This translated into many non-essential businesses being forced to either severely limit opening hours or to close altogether as infections spread. Businesses left standing can count themselves