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The SBA Needs To Get It’s Act Together On The PPP

VC Adventure

The SBA’s implementation of the Payroll Protection Program (PPP) has been a mess. In particular, the SBA has given inconsistent guidance that continues to change and evolve, leaving companies left to wonder if they qualify or not. The program’s original $349 billion was allocated between April 3 and April 16.

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

YoungUpstarts

You can, however, make sure you do your part in keeping your employees and yourself safe from the disease. During this time, it’s also important to safeguard the morale of your employees. According to NBC News, companies with fewer than 500 employees may apply for forgivable loans of up to $10 million.

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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

As individuals, we instinctively keep a running check in our heads about when our bills are due and when we have money coming in. Make a list of bills you owe each month ­­— it could be rent, payroll, utilities, inventory, software subscriptions, etc. Now it’s time to consider your small business in the same light.

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5 Tips For Spring Cleaning Your Small Business

YoungUpstarts

Remember, if you owe taxes this year, the payment was due to the IRS by April 15th, regardless of whether or not you have filed your actual tax return. At SmartBiz Loans, we offer 6%-8% SBA loans online with funding as fast as 7 days. Use cloud accounting software. File your taxes on time. Don’t miss tax deadlines.

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8 Things You Need To Start a Business During a Recession

Up and Running

Recessions, or even a volatile market like we’re currently experiencing due to COVID-19 , are difficult times. As a fledgling business, there’s a good chance you’re starting from your home , have minimal employees and very little overhead to maintain at this point. But it doesn’t have to be all bad. . Cheaper, Better, Faster.

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4 Reasons Small Businesses Fail

YoungUpstarts

The SBA has a variety of loan programs and offers considerable resources to small business startups. Additionally, poor inventory management eats up capital , and according to the 2015 State of Small Business Report , 46% of SMBs with 11-500 employees currently do not track inventory or are using a manual process. Evolution.

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How to Master Entrepreneurship Without Breaking a Sweat

Up and Running

The SBA says that about two-thirds of businesses fold within the first ten years. We’ve got a few suggestions to help you not only crack the entrepreneurship code, but ace it. Your internal stakeholders are your employees and investors, and your external stakeholders are customers and suppliers. According to StartupBros : 60.3