It’s no secret that many small businesses suffered from negative cash flow thanks to the crushing effects of the COVID-19 pandemic in 2020. In fact, the 2020 cash flow hiccup could still have harsh consequences, as it may affect small business’ ability to borrow money, plan for a new product launch or create an effective, […]
Customer engagement could very well be the most important part of your small business, as it leads to customer retention – the essential backbone of any business, large or small. That means that you should constantly be asking yourself, ‘Am I engaging my customers in the most effective possible way?’ and ‘Am I using the […]
The policy differences between the Trump and Biden administrations may be night and day, and if President Joseph Biden has his way – especially with Democrats holding a slim majority in Congress for roughly the next year – small businesses may have to make significant changes in the way they manage employees. As if running […]
Let’s say you have an idea for a brilliant new product, but you just don’t have the money to research, develop and market it, and you’ve been turned down by traditional lenders and the private equity markets for capital. What if your small business needs cash to cover a business emergency, but your bank’s lending […]
Forming a limited liability company (LLC) can bring you a host of benefits – it will establish a legal identity for your small business, separate you from your business’ legal and financial liabilities and simplify your taxes at year’s end. Whether you are creating a new LLC or converting to an LLC from a sole […]
If you are the sole proprietor of your small business, and – heaven forbid – your business gets sued or must file for bankruptcy, are your personal assets, such as your house or your car, at risk? If this question keeps you up at night, now may be the time to consider converting your business […]
Labor Day is for celebrating the American worker, and of course, there are few Americans who work harder or devote more hours to work than small business owners. Although small businesses account for roughly 61% of America’s workforce, many owners of small businesses – such as restaurants or car dealerships – won’t be getting the […]
Small businesses are being created now more than ever, thanks to people being laid off or furloughed during the COVID-19 pandemic and the advent of online tools aimed at helping budding entrepreneurs. In April 2021, roughly 500,000 people in the U.S. applied for new business applications, compared to just 300,000 in the same month of […]
Woman-owned businesses – especially those owned by women of color – bore the brunt of the recession caused by the COVID-19 pandemic, and need help to claw their way back. The reason women-owned businesses in the U.S. were hit harder than most is because, according to a study by the U.S. Chamber of Commerce Foundation, […]
Telehealth is fast becoming the new normal among healthcare practices. Even before the COVID-19 pandemic, healthcare giant Kaiser Permanente reported in 2016 that it treated more than half of its patients – some 52 percent, or 59 million – via telemedicine. The consortium also reported that the number of telehealth appointments shot up by 3700% […]
