Boost Your Business: Insights for a Bigger Bottom Line
Securing a Small Business Administration (SBA) loan as a Native American entrepreneur follows a similar process to other applicants, with some additional opportunities and resources specifically designed for Native-owned businesses. Remember, the SBA only guaranties the loan, so you will need to seek out a lender who does SBA loans. The basic process starts with … Read more
The Small Business Administration’s lending programs show interesting trends over the past decade (2014-2023). The 7(a) Regular loan program, which is SBA’s primary lending program, has been the dominant funding source throughout the period. It maintained relatively stable approval amounts between $23-26 billion from 2014-2020, before experiencing a significant spike to $37 billion in 2021, … Read more
Are you thinking about selling your small business? Whether you’re looking to retire, pursue a new venture, or cash out your investment, there are several legal considerations to keep in mind. Navigating the sale process can be complex, but with proper planning and guidance, you can ensure a smooth transition and protect your interests. The … Read more
Don’t leave money on the table when tax season rolls around! As a small business owner, you work tirelessly to keep your venture afloat, and every penny counts. Fortunately, the tax code offers a range of deductions designed to lighten the burden and reward your entrepreneurial spirit. Let’s dive into some of the most common … Read more
Have you ever dreamed of taking your thriving small business to new heights? Franchising might just be the key to unlocking exponential growth. However, before you dive headfirst into this exciting venture, it’s crucial to weigh the pros and cons carefully. After all, franchising is not a one-size-fits-all solution, and understanding both sides of the … Read more
In today’s digital age, cybersecurity is no longer a luxury but a necessity for businesses of all sizes, including small enterprises. As more and more transactions and operations move online, the risk of cyber threats and financial losses has increased exponentially. Small business owners often find themselves caught in a precarious situation, juggling limited resources while trying to protect their hard-earned assets from malicious cyber attacks.
Storytelling has been an integral part of human communication since the dawn of civilization. From ancient myths and legends passed down through generations to modern-day movies and books, stories have the power to captivate our imaginations, evoke emotions, and create lasting connections. In the business world, the art of storytelling has emerged as a potent tool for small businesses to connect with their customers, build brand loyalty, and stand out in a crowded marketplace.
Navigating the world of business structures can be a daunting task for small business owners. With so many options available, it’s crucial to choose the right legal entity that not only aligns with your goals but also provides the necessary protections and benefits for your venture. Among the various structures, the Limited Liability Company (LLC) has emerged as a popular choice, offering a unique blend of flexibility, liability protection, and tax advantages. In this article, we’ll explore why an LLC is likely the best structure for most small businesses, helping you make an informed decision that sets the foundation for your entrepreneurial journey.
As a small business owner, you know that running a successful enterprise requires more than just hard work and dedication. It also involves navigating a world of risks and challenges that can threaten your operations, reputation, and financial stability. From property damage and liability claims to cyber threats and business interruptions, the potential hazards are numerous and ever-evolving.
As a small business owner, you wear many hats and juggle numerous responsibilities daily. From managing operations and overseeing employees to marketing your products or services and serving customers, the demands on your time and resources can be overwhelming. However, amidst the hustle and bustle, one crucial aspect that cannot be overlooked is financial planning.
