YoungUpstarts

JANUARY 31, 2018

According to the latest statistics released by the Small Business Administration , there are just under 29 million small businesses in the United States that employ more than 56.8% Those are impressive statistics when you stop to consider small businesses account for approximately 99.7%

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YoungUpstarts

MAY 9, 2014

Now that you have your business up and running you must sustain and grow it, but how do you do that? There are many helpful resources for budding entrepreneurs and small business owners and my first recommendation is to start with the U.S.

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YoungUpstarts

DECEMBER 7, 2017

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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YoungUpstarts

MARCH 19, 2019

For more information about how to create a business plan, the Small Business Administration has you covered. A strong brand identity is the most effective way your new business can gain a competitive edge in an increasingly crowded marketplace. There are always unexpected hurdles. Create a strong brand identity.

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YoungUpstarts

AUGUST 5, 2019

Government Small Business Administration. The US government is keen to help small businesses to thrive and through the Small Business Administration (SBA) works with approved lenders to help entrepreneurs secure the loans they need.

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YoungUpstarts

FEBRUARY 26, 2015

Fortunately, in 2015, loans to small businesses are expected to increase; great news for small businesses searching for capital. Small Business Administration. The SBA has a variety of loan programs and offers considerable resources to small business startups. LendingClub Inc. ,

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YoungUpstarts

MAY 22, 2012

However, for the lazier ones amongst us who just want a simple reference, you may want to check out this infographic from Bolt Insurance (with data from the US Small Business Administration ): Via: Bolt Insurance.

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YoungUpstarts

OCTOBER 29, 2019

In my new book “ The New Business of Consulting: The Basics and Beyond ” I paint a vivid picture of what consulting is all about — the good and bad. According to the Small Business Administration, half of all start-up businesses fail within five years. For example: 1.

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YoungUpstarts

JULY 20, 2016

In contrast, loans granted by traditional banks often require borrowers to have credit scores at or above 650 and this is the case even for loans guaranteed by the Small Business Administration, which are intended to be easier to access than other types of business loans.

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YoungUpstarts

NOVEMBER 26, 2020

by Terry Monroe , founder and president of American Business Brokers & Advisors (ABBA) and author of “ Hidden Wealth: The Secret To Getting Top Dollar For Your Business “ Normally, I am a proponent of buying small businesses. The data shows they make the world go round.

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YoungUpstarts

JANUARY 6, 2021

But let’s look at this through the eyes of small businesses. Outside of government, companies with less than $7 million in sales and fewer than 500 employees are widely considered small businesses by the U.S. Small Business Administration. Here’s why.

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YoungUpstarts

DECEMBER 15, 2020

The Small Business Administration tells us that there are 31.7 million small businesses in the US, and out of that 31.7 million, your business is just one of them.

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YoungUpstarts

OCTOBER 16, 2016

In business, growth is a big deal, especially when you think about this: Most businesses cease operations and shutter their doors before ever really hitting their stride. Based on data from the Small Business Administration , merely half of all businesses are still active five years after opening.

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YoungUpstarts

MAY 25, 2019

According to the Small Business Administration, half of all start-up businesses fail within five years. Responsibility for success or failure rests almost entirely with the person who started the business. Here are some drawbacks of consulting: 1. As with all start-ups, failure is an option.

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YoungUpstarts

DECEMBER 13, 2017

Small business is the backbone of the U.S. Small Business Administration (SBA) Office of Advocacy. For these enterprises, securing funding can impact their ability to operate and grow, yet most small business owners do not fully understand all of the types of credit available to their business.

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YoungUpstarts

SEPTEMBER 7, 2020

Because so many businesses are struggling due to the COVID-related economic downturn, both the federal and local governments have taken steps to provide special financial supports to keep small businesses afloat – and new businesses may qualify for some of them.

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YoungUpstarts

FEBRUARY 26, 2016

Owners with corporate backgrounds like the fact that they’re still allowed to run the business, but have some level of corporate structure to rely on. The Pros and Cons of Franchising Compared to the Traditional Business Model. There are two main reasons why businesses typically fail — lack of capital and poor planning.

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YoungUpstarts

MARCH 20, 2020

According to the Small Business Administration, there are over 627,000 new businesses that open each year. During times of crisis, there are some things that startup businesses, regardless of the business, must know and understand so that they can be prepared. The risk for startup companies is huge.

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YoungUpstarts

APRIL 2, 2020

When applying for a loan through the Small Business Administration (SBA), you have to meet some basic qualifications. Once you meet the SBA’s requirements for being a small business, you’ll need to meet an additional set of requirements provided by your lender.

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YoungUpstarts

NOVEMBER 19, 2013

Be sure to take advantage of these programs and learn how to grow your business. Small business support. Small Business Administration (SBA) is a national organization that supports businesses around the country.

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YoungUpstarts

APRIL 16, 2018

Another perk of having a home office as the hub of your business is the eligibility to claim some of your bills as a business expense, further reducing the stressors associated with home and business ownership. Veterans Advantage Lending Program.

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YoungUpstarts

MARCH 30, 2020

Small Business Administration Loans. The United States backed organization known as the Small Business Administration (SBA) has loans that are a great alternative to traditional bank loans. All you have to do is set up an account and then distribute your link to those who are interested in helping you out.

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YoungUpstarts

MAY 3, 2019

Most women take loans from banks, borrow money from acquaintances or even utilize their credit cards and savings for the simple purpose of gaining financial support for their business. The Small Business Administration (SPA) is a program that connects you with local corporations which are readily willing to grant endowments.

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YoungUpstarts

AUGUST 20, 2018

Small Business Administration, companies who are making less than $5 million a year should spend around 7 to 8 percent of their gross revenue on advertising. As most small business owners know, it isn’t how much an advertising method costs, it’s about how effective it is. According to the U.S.

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YoungUpstarts

SEPTEMBER 14, 2017

The better you do this, the better your chances will be of obtaining a business loan from a traditional bank. The Small Business Administration in the United States has a few different loans for businesses. You need to back-up your ability to pay back the loan with the lender.

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YoungUpstarts

OCTOBER 4, 2016

Small Business Administration. Bizfi’s suite of financing products include short-term financing, franchise financing, lines of credit, equipment financing, medical financing, invoice financing, medium-term loans and long-term loans guaranteed by the U.S.

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YoungUpstarts

NOVEMBER 19, 2014

Small Business Administration, nearly half of new small businesses are not in existence five years later. This stat underscores the competition that new businesses face as well as the need for owners and entrepreneurs to make sound choices with their firm’s money. According to the U.S.

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YoungUpstarts

MARCH 21, 2017

Small Business Administration, can match your small business with an experienced mentor who can help you discover better ways to be in business. Not sure what’s causing the drag on your finances? Set up a free counseling session or two with SCORE , the Service Corps of Retired Executives.

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YoungUpstarts

DECEMBER 27, 2016

There’s always a continuous learning as a small business. Your business is small enough to quickly learn and have the potential to learn, even how to do the fundamental things correct. Now’s a better time than ever to have your own business.

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YoungUpstarts

MAY 20, 2018

In fact, according to the Small Business Administration , one-third of startups fail because they fail to give enough attention to their business’ financials. It can hurt both areas of your life, which creates even more stress and frustration until it eventually becomes a downward spiral of failures.

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YoungUpstarts

JUNE 11, 2019

I believe fewer entrepreneurs would start businesses if they thought they would max out at $650,000 in revenue. Under new rules implemented in January 2018, the Small Business Administration began lending entrepreneurs up to 90% of the purchase price of companies. Buying Is Better.

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YoungUpstarts

APRIL 7, 2013

Big companies that invest in small businesses play an important role in creating jobs. Network Redux looked for non-traditional access to capital and financed 100 percent of servers and storage required to meet customer demand, which enabled the company to continue to grow by double-digit percentages.

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YoungUpstarts

MARCH 13, 2018

Start by creating a business plan that will cover important questions like where will the money come from, where your product will be made, and how you will sell it. Small Business Administration is a great source of advice; they offer a SBA Business Plan Tool that provides you with a step-by-step guide to get started.

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YoungUpstarts

JULY 28, 2014

All successful small business owners – and there are more than 50 million according to the U.S. Small Business Administration! faces a point when they have to make a big decision either to stay the course or try to expand their business.

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YoungUpstarts

JUNE 24, 2014

Take a class at a community college, take advantage of free training workshops at organizations like the Small Business Administration, spend quality time with your accountant, CPA and banker and understand how business loans work because you will need this information in the future. Be Direct About What You Want.

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YoungUpstarts

AUGUST 10, 2017

Small Business Administration website. Business Line of Credit. Unlike a traditional term loan, a business line of credit is more flexible thanks to its revolving capital that is similar in many ways to a credit card. On top of this, and perhaps most importantly, these are partially guaranteed by the government.

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YoungUpstarts

APRIL 15, 2019

Once you’ve decided which overall business structure is the right fit for you, we recommend that you write a business plan. For more information about how to create a business plan, the Small Business Administration has you covered. Get to know the legal stuff.

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