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5 Ways Startups Can Reduce Development Costs & Shorten Time To Market

YoungUpstarts

According to the Small Business Administration , just one in two businesses with employees survives to see its fifth anniversary. By the 10-year mark, fewer than 30% of businesses with employees remain viable. Surprisingly, macroeconomic trends have minimal impact on long-term business survival rates.

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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

The odds were always difficult for small businesses even before the pandemic. According to the numbers published by the Small Business Administration in 2018, 20% of these enterprises fail in their first year. Scan through them and see which assistance your business may be eligible for. A Change in Attitude.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Starting a business involves brainstorming, planning, and ensuring that you comply with all necessary legal obligations. Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . What legally defines a small business?

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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

In addition, being employed allows you the flexibility of investing in your small business without the stress of adding more debt into your current financial portfolio. Skin in the game does not mean you have to quit a job to explore a business. Don’t Put Your Financial Eggs in One Basket. You can have your cake and eat it too.

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How To Start A New Business

YoungUpstarts

And if you like what you read here, be sure to read the complete 12 step guide on how to start a business. Develop and refine your idea. You probably already have some idea of what kind of business you’d like to start. Write a business plan. A business plan can help you to crystallize your ideas.

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Utilizing Financial Aid During a Global Crisis: A Guide for Business Owners

The Startup Magazine

Under this program, businesses can receive up to $5,000 per employee in 2020 and 2021 for maintaining their payroll during the pandemic. Business owners used this program to their advantage in 2020, claiming an estimated $50 billion in credits. The loan then offers up to $2,000,000 in long-term loans with an interest rate of 3.75%.

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6 Reasons Your Small Business Will Fail (And How to Avoid Them)

Up and Running

According to Small Business Administration research , only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark. Not in Touch with Customer Needs.