How well do you know your bank? As we’ve recently found out with the high-profile collapses of Silicon Valley Bank (SVB) and New York-based Signature Bank, financial institutions are not infallible. If their collapses prove anything, it’s that whenever your small business deposits money or otherwise does business with a bank, you run the risk […]
Small business owners should be keeping an eye on the current 118th Congress. While it’s only a month old, there are several pieces of legislation and proposals that could have wide-ranging impacts on small- and medium-size businesses should they pass, and issues such as manufacturing costs, tax breaks and whether a popular government grant program […]
A record number of federal contracts for small businesses are expected to be issued throughout 2023 due to the Infrastructure Investment and Jobs Act. Businesses, however, shouldn’t celebrate just yet –many of them could be excluded from competing for lucrative federal projects due to constrictive bonding requirements. This was evidenced in 2022 – according to […]
Congratulations to Superfit Hero, a Los Angeles-based small business that provides premium activewear for plus-sized women, for being named a third-place winner of Kapitus’ inaugural Building Resilient Businesses contest! Superfit Hero will receive $20,000 to help improve its business. From Roller Skating to Workout Gear It’s not often that one can use the words “roller […]
Congratulations to TFTI Experience, a Houston-based small business that takes “selfies” to a whole new level, for winning the 2nd place prize in Kapitus’ inaugural Building Resilient Businesses contest! TFTI, which stands for “Thanks for the Invitation,” will receive $50,000 to help grow their business Picture Perfect TFTI launched its first “selfie” exhibit at the […]
For small business owners, it’s all about keeping the faith – not only in God, but in yourself and your ability to succeed. That’s what drives Ameka Coleman, founder and CEO of Strands of Faith and one of the 3rd place winners of Kapitus’ inaugural Building Resilient Businesses contest. Strands of Faith is one of […]
Congratulations to Play Pits, an African American-owned producer of specialty deodorants made from all-natural ingredients, for being named the winner of Kapitus’ inaugural Building Resilient Businesses (BRB) contest. The Atlanta-based family business will receive $100,000 and 8 hours of complimentary educational consulting/advising sessions on its business. Embodiment of Resilience For Chantel Powell, creator and CEO […]
The Federal Reserve Bank has raised the overnight rate four times so far in 2022 to try to tame runaway inflation, with more hikes likely coming. This leaves Main Street businesses that rely on financing in a major bind – rising rates mean small business loans have become far more expensive than they were just […]
Small businesses should be keeping an eye on this current session of Congress as well as the upcoming midterm elections. There are three bills still being debated in this current session of Congress that, if passed, could make it easier for small business owners to fund childcare for themselves and their employees, as well as […]
Children may be afraid of ghosts and goblins during the Halloween season, but for small business owners, things that go bump in the night are nothing compared to their real-world fears. If you’re a small business owner, you’re likely more afraid of an auditor from the IRS knocking on your door than you are of […]
