Small / Medium Businesses

Inflation is hitting small businesses hardest in these cities and states

June 27, 2022 admin No Comments

Consumers are spending more on goods and services, but they aren’t the only ones feeling a pinch. Small-business owners are facing their own constraints: higher prices and delays for supplies they need to serve their customers. Small businesses have fewer options than their bigger counterparts. When the going gets tough, they often lack the other…

Investment

Three alternatives to a small-business loan

June 21, 2022 admin No Comments

Banks and credit unions tend to offer the most affordable business financing – if your business can qualify. Only a fraction of small-business loan applications are approved, and this disparity is getting worse. According to the Federal Reserve’s 2022 Small Business Credit Survey, approval rates from both small and large banks declined from 2019 to…

Investment

Hiring your kids to work at the family business is a tax-smart move – for you and them

June 9, 2022 admin No Comments

You’re newly self-employed, and your kids are out of school for the summer. Hmmm. Do you have one or more young ones who could do some useful work for your business? If so, hiring your kid – or several of your kids – can deliver some nice tax advantages. Because kids are leaving school and…

Investment

A guide for new entrepreneurs on marketing your startup with social media

June 3, 2022 admin No Comments

The means of marketing a business comes in many forms but with the number of times a day that prospective customers check their social media platforms, it is a good idea for small-business owners to at least explore using social media to spread the word about their startup. Platforms such as Facebook FB, + 5.42%,…

Investment