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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

Generally, the size is based on the number of employees and annual receipts for a given period. Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500.

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6 Stories of Successful New Entrepreneurs to Inspire Your Business

Up and Running

However, the challenges you face are the same ones that every successful small business owner has faced and then surmounted in some way or another. It can be instructive and inspirational to hear about businesses that triumphed over adversity. How these six businesses worked with the SBA to grow.

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How To Start A Consulting Business

YoungUpstarts

Navigating the transition between a salaried employee and running your own consulting business can be tricky. And if you like what you read here, be sure to read the complete 10 step guide on how to start a consulting business. The LLC business structure provides the limited liability features you would find in a corporation.

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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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4 Reasons Small Businesses Fail

YoungUpstarts

In many cases, the difference between failure and success is as simple as doing the following: setting manageable goals, planning for growth, investing in the right business tools, and understanding the common pitfalls that sink other businesses. Here are four of the top reasons small businesses fail within the first year: 1.

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To Franchise Or Not To Franchise?

YoungUpstarts

When an entrepreneur decides to start a business on his or her own it’s only natural for the entire business model to be revolved around them. Instrumental decisions like hiring employees, running the day-to-day operations, and training all relies on the owner.