SmallBusiness
America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. Chief among these concerns is whether, when, and by how much the Federal Reserve Bank of the United States will begin cutting interest rates. Higher “Fed” interest rates mean small businesses pay more to borrow money, which directly impacts how much of each sale they get to keep for themselves. As a business owner, you indeed wish things could be easier. On the othe...
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Entrepreneurship involves numbers. It’s as simple as that. However, the way each entrepreneur interacts with numbers, especially when it comes to finances, varies from one individual to the next. Even billionaires like Richard Branson have their struggles. Branson is dyslexic and struggled to grasp the difference between terms like net and gross. And yet, the man has built one of the biggest business empires in Europe. Just because someone has entrepreneurial ambition doesn’t mean they’re comfortable with numbers. But it does mean they need to find the support people and tools to help them go ...
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Rent spikes are increasing for more small business owners as 2023 proceeds, breaking a new record: 54% say they’re paying more now than they did six months ago. And 14% say their rent is over 20% higher than it was in December. Small Businesses Are Facing Rent SpikesThe 54% figure represents a steady climb in the number of small businesses dealing with higher rent prices each month in 2023 — up seven percentage points from 47% in January, as this chart indicates. Making matters worse, the average revenues small business owners are earning are dropping, as rents are rising, creating intensifyin...
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When it comes to running a small business, cash management is an essential aspect that often gets overlooked. Unfortunately, many business owners don’t consider the opportunity cost of suboptimal cash management practices. This is particularly true when it comes to managing your business’s idle cash. What exactly is idle cash? In this context, idle cash refers to the excess cash reserves that a business has on hand, which is not currently being utilized for operations, investments, or other immediate expenses. Idle cash can be invested (safely) so that it earns a return during the time it is n...
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When starting a small business, having access to capital is essential. One of the best ways to fund your startup is through a down payment from your contributions, venture capitalists, and other lenders. A proper down payment can help elevate the success of your small business, but how do you decide on the best way to utilize these funds? In this blog post, we’ll discuss strategies for using a down payment to help you get off on solid footing and maximize its potential benefit. Down PaymentA down payment is a crucial factor in financing a small business. It refers to a lump sum of money you pa...
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There is a growing shift in the way consumers shop online, and social commerce is at the forefront of this change as it provides brands and consumers with a frictionless, and more convenient, commerce experience. The steady rise of social commerce over recent years has provided brands an opportunity to deliver their goods and services directly to social media users, enabling them to interact and purchase their favorite items without having to leave the app. Q4 2022 hedge fund letters, conferences and more After all, research suggests that on average, the typical social media user now spends ar...
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Florida takes top spot as the best US state to start a small businessTexas comes in secondVermont is revealed as the ‘worst’ state to start a businessThe Best And Worst States To Start A Small BusinessQ4 2022 hedge fund letters, conferences and more Florida emerged as the best state to start a small business with a 5.5% corporate tax rate, allowing more money to flow back into the business, and the third-largest amount of small business loans secured per total number of employees at $4,913. When compared with all other states, Florida came out on top as providing the most jobs created by start...
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When it comes to protecting your eCommerce company from rising inflation, you have a few options. Try some of these techniques to beat back rising consumer prices and stay ahead of your competition. Consumer inflation may be hovering at 9.1%, which is its biggest hike in more than 40 years. That doesn’t mean that your eCommerce company has to suffer. You may not be able to control gasoline price increases but you can certainly protect your business. Below are several strategies to help you weather the inflation storm. By implementing at least a few of them, you’ll position your organization to...
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Reasons cited include the cumulative effects of inflation, rent hikes, higher interest rates, the high cost of labor, and reduced consumer spending among others. Q3 2022 hedge fund letters, conferences and more This report is based on an Alignable pulse poll from 11/19/22 to 11/22/22 of 6,326 randomly selected small business owners, as well as historical data from another 100,000 respondents over the past year. Rise In Rent Delinquency RatesWhile Q4 is usually a time when small businesses bring in more revenue and rent delinquency rates drop, unfortunately, the opposite has occurred so far for...
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PCI compliance knowledge can help small business owners potentially avoid the detrimental consequences of data security issues. After all, you don’t have the expensive data security resources big corporations have. Plus, you most likely don’t have the necessary training to help you stop security breaches. But even if you have some security training, there are some critical facts that you may not know. There have been many recent changes to compliance requirements. So, it’s more important than ever to stay up-to-date on how to protect your customers’ data. Small business owners need to understa...
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