Small and medium business owners are benefitting from a strong economy but, owing to a lack of qualified workers, are struggling to meet high customer demand. In Q1 of 2018, 30 percent of surveyed medium-sized businesses reported “attracting and retaining a quality work force” as their biggest challenge for the year, and it appears that problem continues unabated. In [...]
Net neutrality rules, which prevented internet service providers (ISPs) from favoring certain sites or content over others, have been repealed by the Federal Communications Commission. Any actual change from the repeal will come directly from the ISPs, and if they begin taking advantage of the rule changes, small businesses and entrepreneurs could be severely affected. [...]
Small business suppliers and supplier-hopefuls, rejoice! The SBA just announced they are launching a Supply Chain Training Initiative in partnership with Connecticut-based United Technologies (who itself just announced it will invest $19 billion into hiring US small business suppliers over the next five years). According to the official press release, the program will include “events, webinars, and [...]
By Dave Donovan Considering that around half of all businesses no longer exist after five years, risk mitigation should be a crucial aspect of any new venture's strategy. But which risks do you have to watch out for the most? Here are the ten most common risk factors that can kill a startup before it finds [...]
When it comes to tax preparation, it’s in a small business owner’s best interest to learn as much as they can about staying in compliance and meeting their tax obligations. Even though small business owners may deal with taxes through their in-house accountants or an outside accounting firm, having a working knowledge of tax preparation can still [...]
How popular is the DUNS Number? How are businesses leveraging their healthy business credit profiles?
Employees who perpetrate business fraud can damage your reputation & balance sheet. Here are 5 of their favorite schemes & steps to help protect you.
New business owners need to understand the risks facing their companies. Learn from other peoples’ mistakes by reviewing these business vulnerabilities.
These days, one might think that a cash-handling small business is a dinosaur, given how popular debit and credit cards have become among American consumers. But don’t be fooled – cash is still king when it comes to buying stuff. Yet for all of the effort put into ensuring business owners are aware of the [...]
Some minority-owned businesses may find themselves eligible for certain tax breaks if they’re located in distressed areas or if they’re just getting started in business. They may also benefit from investments made by those seeking a tax break. Here are four often-missed tax breaks or incentives that some minority-owned businesses may be able to benefit from:4 often-missed [...]