Remove Programming Remove Revenue Remove Small Business Remove Small Business Administration
article thumbnail

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

YoungUpstarts

Maybe because they have often been called the backbone of the American economy, small businesses are among those with the heaviest burdens to bear. The sad reality is, some of these small businesses may never open their doors again. The odds were always difficult for small businesses even before the pandemic.

article thumbnail

Top Five Mistakes Small Business Owners Are Making During Pandemic

YoungUpstarts

As the owner of a debt mitigation company, I have never seen such a wide variety of issues plaguing the fiscal health of small business owners. Some businesses are open, while others are closed but trying to reopen while the remainder are waiting for the government to allow them to reopen. No Dialogue with Commercial Landlord.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Both Sides of the Table

There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. Who is this program for and why does it exist? The goal of the program is in the name?—?payroll payroll protection.

article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

article thumbnail

4 Reasons Small Businesses Fail

YoungUpstarts

Most entrepreneurs start a new business with dreams of success, but the unfortunate fact is that too many of them fail. Census Bureau showed the reality in hard terms – 400,000 small businesses opened and 470,000 SMBs closed their doors just last year. Small Business Administration. LendingClub Inc. ,

article thumbnail

The Latest Questions Small Businesses Are Asking

Up and Running

Look honestly at all the pros and cons for this type of business venture. The local Small Business Development Center office is a resource that can assist with the venture feasibility process. What is meant by “company culture” and how is it important to my business? Analyze ways to overcome weaknesses and threats.

article thumbnail

8 Essentials To Qualify Your Startup For A Bank Loan

Startup Professionals Musings

The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back up the loan. Most loan programs, and most investors, want to see that you have “skin in the game’ before helping you. Demonstrate an ability to repay from revenues, not collateral. Show a significant personal investment.