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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. You can, however, make sure you do your part in keeping your employees and yourself safe from the disease.

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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. . Decide on the proper business structure.

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7 Ways To Inspire Creativity In Your Employees

YoungUpstarts

All successful entrepreneurs remember the first few months of their start-up and know that feeling of pure innovation that makes your business click. You need creativity to keep going, and you need creativity from your employees to keep growing. For us, it all started with a blanket. Interdepartmental communication. Reward creativity.

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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

The truth is that you can have both and I strongly encourage aspiring employee-preneurs to review the following five reasons to consider maintaining your job in the first few years of building your business. Business Ownership Strengthens Your Employee Net Worth. Learning from Both Work Environments.

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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

Along with my partner Stuart Lander, who runs operations at Upfront and is a former lawyer, we have scoured through, debated and helped scores of companies make this determination. 350 billion of this money is dedicated to small businesses under a loan program called the PPP (payroll protection plan). payroll protection.

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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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8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

Your idea alone will not get you a loan, but your experience running businesses may get you a loan, even if not intimately related to the current proposal. You have an advantage if you can get them on your turf, and even get several key employees to tag-team the presentation. Conduct meetings at your site, not at the bank.