smallbusinesses
National rent problems are escalating for more small businesses across the U.S., both in terms of rent spikes and delinquency rates, as revenues decrease compared to last year. Rent Spikes Increase For More SMBs As 2023 ProceedsReached a record-breaking level, rising for the fifth consecutive month.55% of SMB owners report higher rent vs. six months ago, up a percentage point since May & eight percentage points since January, when it was 47%.16% say their rent is over 20% higher, up two percentage points since May.Rent Delinquency Jumps AgainAlmost four out of 10 SMBs were unable to pay June r...
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These tasks can be time-consuming, complicated, and sometimes overwhelming, especially for entrepreneurs new to the business world. However, a new era of accounting solutions is changing the game for small business owners. With the help of advanced technologies like artificial intelligence, cloud computing, and payment processing platforms, it’s easier than ever for small business owners to achieve financial freedom. This article will explore how these new accounting solutions are transforming the financial landscape for small business owners and helping them achieve long-term success. We’ll a...
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A startup or small business focus is created to fulfill a dream, be a cure to a cause or solve everyday problems potential customers face daily. The focus is placed on how to help others. There are multiple challenges that start-up businesses face and with the lack of staff and financial backing, the solutions are not cheap. Hard-working staff members can be stretched further than normal due to the amount of work that needs to be done inside the business. Most employees believe in the goal and vision shared by the head staff and owners of the organization. However, it is of utmost importance t...
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It’s time that small and medium-sized businesses harness the prowess of influencer marketing, and the proof is in the pudding. Q4 2022 hedge fund letters, conferences and more Influencers are bringing the products and services consumers want directly to them, and they have the audience numbers to prove their success. Another survey by proprietary eCommerce platform giant, Shopify, shows that 61% of consumers trust influencers’ recommendations. But why are influencers so successful, and what’s their secret? For starters, influencers have spent years garnering a loyal band of online and social m...
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Q3 2022 hedge fund letters, conferences and more What’s even more daunting is that last December, small businesses had something to celebrate: only 26% had rent troubles – the lowest rate for all of 2021. In stark contrast, today the U.S. national average is up 14 percentage points over last year. These findings are based on Alignable’s poll of 3,252 small business owners surveyed from 12/10/22 to 12/29/22, as well as sentiments of 65,000+ other SMB owners during 2022. Despite a slightly improved inflation rate, the majority of small business owners remain concerned about the cumulative effect...
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Nearly twice as many small business employers (15%) are laying off staffers in Dec. compared to Nov., when the figure was only 8%.An average of 74% of small business employers have instituted hiring freezes until at least Q2 2023, up 12 percentage points from Nov. They’re saying they can’t afford to hire full-time, permanent staffers now given inflation, reduced revenues, high labor costs, and fears of a recession.Q3 2022 hedge fund letters, conferences and more Surges In Layoffs And Hiring FreezesThe report is based on the sentiments of 6,908 randomly selected small business owners polled fro...
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The upcoming holiday season is not only an important time for consumers, but for small businesses, it’s a time to showcase their best marketing efforts to help them stand out among their direct competitors. During this time of the year, the marketplace tends to become increasingly crowded, as every business seeks to get in one last bang before the end of the year. For smaller retailers, this time can either be one of the major opportunities or a loss if their marketing strategies are not properly executed. Q3 2022 hedge fund letters, conferences and more Despite the tumultuous macroeconomic co...
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Perhaps more than ever before, the up and coming generations of the American workforce want autonomy and freedom. They want to order their own steps, be their own boss, and answer to themselves regarding their time and life management. Of course, social media plays a part in this. Never before has sudden success been so accessible to the masses, and never has it been allowed to be so personalized. From TikTok fame to creating an innovative entrepreneurial dream from scratch, younger generations have many avenues to success. Q3 2022 hedge fund letters, conferences and more Find A Qualified Fina...
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Business owners have been dealing with all sorts of persisting challenges for much of the year, from ongoing price increases to a tight labor market – supply chain shortages are simply another hurdle they’ve learned to manage. On the back of this, geopolitical tension between Russia and Ukraine has also left much of the supply chain demobilized, all the while mass-producing countries such as China closed off much of its borders and ports of entry due to the country’s Zero Covid policy. Q3 2022 hedge fund letters, conferences and more Key findings from the survey revealed that roughly 86% of sm...
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Entrepreneur Toni Brewer is undaunted by the current economic climate. Brewer, a former educator who owns five daycare centers in and around Atlanta, speaks with self-assurance about ambitious plans for her next business ventures – a sports bar and a salon and spa. Like many small business owners, though, Brewer needs cash to realize her dream, and that typically means securing a business loan, which in turn means making certain the loan application is in good order. “It’s basically getting your documentation together, getting approval, and then moving forward,” Brewer says. Q3 2022 hedge fund...
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