[Infographic] [U.S.] History Of The Small Business Administration

YoungUpstarts

Small Business Administration (SBA) has been offering a suite of services geared at helping small businesses get off their feet. Despite criticisms about its programs and deep budget cuts suffered under the Bush administration, the SBA has in its almost 60 years of existence delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. For many years, the U.S.

5 Franchise Problems To Avoid

The Startup Magazine

The US Small Business Administration notes that fast-food franchises make up the most popular business type for new entrepreneurs. From medspa franchise opportunities to retail businesses, there’s no shortage of supply.

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Saul Mishkin Reveals The Secret To Starting A Business As An Immigrant In America

The Startup Magazine

Saul Mishkin is a business developer that knows how to navigate multiple aspects of the business world. Unique Businesses In America. Immigrant businesses bring unique qualities to the United States. Discovering the perfect niche is the first part of starting a business.

What Does It Take To Apply For an EIDL Grant Due to COVID-19

The Startup Magazine

Various programs are in place to help most businesses during this period of time. One of the programs that most business owners are asked to use is the Economic Injury Disaster Loan Program. If your organization employs 500 or fewer employees, then it is considered as a small business.

How to Qualify for Funding Your Small Business

The Startup Magazine

Are you trying to get the financing your business needs to become a sustainable company and grow its customer base? Some financial institutions are still playing by the old rules and making it hard for small businesses to get small business loans or other forms of financing.

Female Founder Interview: Latina Leader Elizabeth Colón

The Startup Magazine

With over 20 years of experience in the language services industry, Elizabeth garnered national praise for her leadership and expertise in her field with awards such as Negocios Now’s Latinas in Business Award (2017). million women-owned businesses it represents.

How To Pick The Translation Service Your Startup Needs

The Startup Magazine

According to the US Small Business Administration, startups and small businesses numbered around 30.2 That number accounts for about 90% of the total number of businesses in the United States.

Teaching Entrepreneurs to Fish

Up and Running

Here’s my updated version: Give one person a business loan and you help start a business. Teach starting a business, and you help a whole community. That comes up because I’m doing a training tomorrow for the Small Business Administration’s ( SBA ) Women’s Business Centers ( WBC ). Starting a Business SBA SBDC SCORE Small Business Administration Small Business Development Centers WBC Women's Business Centers

Slick New SBA.gov Site Reestablishes Its Leadership

Up and Running

Congratulations to the Small Business Association (SBA) for a great new redesign of its flagship SBA.gov website. This has always been the granddaddy source of official information on small business in the United States. For years its had thousands upon thousands of pages of information about starting a business, running a business, finding financing, government programs, small business research.

[Infographic] How To Start A Business

YoungUpstarts

So you have a great idea, think you can make it into a business but you’re not sure how to start one. 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. Of course, there are plenty of resources around – books such as this and this , or sites like this , for example.

Join Me Thursday for a Business Town Hall with Rep Joe Neguse

VC Adventure

Sorry for the short notice but I’ve been working with Rep Joe Neguse (CO 2) to put together a Business Town Hall this Thursday, May 21st at 11:00MT.

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10 Alternative Funding Sources For Your New Venture

Startup Professionals Musings

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” On the other hand, there are many additional creative options available for starting a business that you might not find for buying a car, home, or other major consumer item.

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Accelerators Have Resources To KickStart Your Startup

Startup Professionals Musings

According to the International Business Innovation Association ( InBIA ), there are over 2,200 of these locations worldwide, and new online versions springing up all over the place, like Founders Space in Silicon Valley.

Guide: How To Become A Freelance Lawyer

YoungUpstarts

Starting any business inevitably involves a bunch of paperwork. First, you will need to decide on the structure of your business. The Small Business Administration has a handy guide to the various options available. Every business needs to have a website.

What Finance Options Are Ideal For Young Entrepreneurs?

YoungUpstarts

The biggest obstacle facing young entrepreneurs – or, in fact, entrepreneurs of any age – is often that they don’t have the funding to turn their business idea into a reality. 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.

9 Principles Especially Critical For A Micro-Business

Startup Professionals Musings

Too many of you business owners think success only means being the next Amazon, or you stress yourself out trying to be everything to every customer. In time, many businesses outgrow their meager beginnings, to become major enterprises, comparable to the current giants Amazon and Apple.

7 Advantages That Local Small Business Owners Enjoy

Startup Professionals Musings

It seems that most of you entrepreneurs I meet in my role as business advisor are convinced that starting a new business requires equity investors, exponential growth, and a plan to go public via IPO. According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. Lifestyle businesses offer personal tax advantages.

Austin Wins “StartUp in a Day” SBA Competition

SiliconHills

Everyone who has ever run a small business can tell you there is a lot of red tape and bureaucracy to deal with to get the venture off the ground. Small Business Administration announced Austin as […] The post Austin Wins “StartUp in a Day” SBA Competition appeared first on SiliconHills. Now the City of Austin is aiming to make the process as simple as possible. This month, the U.S.

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Why A Vaccine For COVID-19 Won’t Restore Small Businesses Overnight

YoungUpstarts

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 “ The vaccine for the COVID-19 virus recently began shipment. Small Business Administration.

Starting Your Own Clothing Line? Make Your Brand Stand Out With These Tips

YoungUpstarts

When it comes to starting your own business, there used to be a time when it was extremely easy to create “the next big thing” that no one has ever seen or thought of before. The Small Business Administration tells us that there are 31.7 Others fashion business

Cafe Commerce of San Antonio and Dreamit Ventures of Austin Win SBA Grants

SiliconHills

Small Business Administration grants. Cafe Commerce, the nonprofit focused on helping entrepreneurs in San Antonio and Dreamit Ventures of Austin have just won U.S. The SBA received more than 800 applications for its first Growth Accelerator Fund competition. Cafe Commerce was one of 50 winners and the only one in San Antonio. Dreamit Ventures was […] The post Cafe Commerce of San Antonio and Dreamit Ventures of Austin Win SBA Grants appeared first on SiliconHills.

The Pandemic Launch: Why COVID Isn’t A Barrier To Success

YoungUpstarts

When COVID-19 struck in the early months of 2020, many businesses were in the process of getting off the ground. Still, as anyone who has ever started a business knows, there’s no stopping once you get the ball rolling. Others business advice

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. Businesses will spend their hard-earned money to pay you for smart, actionable advice. In this way, you can tailor your services, so they add value to a specific group of people or businesses. Fill In the Business Blanks.

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5 Tips For Product Startups Wrestling With State & Federal Regulations

YoungUpstarts

Chamber of Commerce , burdensome government regulations are directly responsible for the long-term decline in small business formation. Despite a 40% increase in population, Americans started about 11% fewer businesses in 2013 than 1980. Zen Magnets endured a years-long battle with an overzealous Consumer Product Safety Commission over the supposed risks of its Small Rare Earth Magnets or SREM’s — spherical, high-power magnets that can form a dizzying variety of shapes.

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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.

Can you borrow your way to success?

Berkonomics

There are so many ways to finance a small business. Guarantee based programs: Small Business Administration (SBA). The Small Business Administration (SBA) is a valuable funding resource for many businesses. Collateral – hard assets, real estate, capital equipment, accounts receivable. ­ – skin in the game, business resources, own risk. With help from JJ Richa.

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How to Start a Business From Scratch: Build a Successful Business and Turn Your Ideas Into Money (eBook)

crowdSPRING Blog

Small businesses account for 99.9% of all businesses in the U.S. Small Business Administration. So, if you’re thinking about starting a new business, you’ll be in good company. But, did you know that 30% of new businesses fail during their first two years? Whether a new business succeeds or fails can boil down to luck. ” It helps to have a competitive advantage when you start a business.

State of Entrepreneurship in Georgia

The Startup Magazine

One of the biggest questions you’ll want to consider is where to locate your business. One thing that sets Georgia apart from other states is the diversity of its small business owners. According to the 2018 Small Business Profile by the U.S. Small Business Administration, of the one million small businesses in Georgia, 371,524 are minority-owned. Small businesses account for 99.6 percent small businesses.

Why Buying A Small Business Now Is A Bad Idea

YoungUpstarts

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. Changing business strategies.

Financing Your Business? Consider An SBA Loan

YoungUpstarts

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. As with any loan, small business owners seeking an SBA loan need to supply specific documents to a lender and fill out an application.

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[Sponsored] Small Business Loans: How To Grow Your Business With Local Resources

YoungUpstarts

Small business owners face a unique set of opportunities and challenges in our economy. There are many local resources available that can help with a variety of entrepreneurial needs, from networking and training to securing a small business loan or business line of credit. Be sure to take advantage of these programs and learn how to grow your business. Small business support. Small business loans.

Helpful Tips To Becoming Your Own Boss

The Startup Magazine

If you are ready to leave traditional employment behind and forge your way through the business world as an entrepreneur, here are some helpful tips to becoming your own boss. Before starting a business, think about your passions and what truly makes you happy in life.

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4 Ways To Improve Your Business Credit Profile

YoungUpstarts

A strong personal credit profile demonstrates your business’s creditworthiness to a potential lender. According to data from the National Small Business Association, more than 70 percent of small businesses seek financing. And more than a third of companies who have been in business for at least two years that apply for a loan get denied, as stated by recent data from the Federal Reserve. Increase Available Credit on Business Credit Cards.

10 Ways Entrepreneurs Find Money To Start A Business

Startup Professionals Musings

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” I always answer that there isn’t any magic, and contrary to the popular myth, nobody is waiting in the wings to throw money at you, just because you have a new and exciting business idea. On the other hand, there are many additional creative options available for starting a business that you might not find for buying a car, home, or other major consumer item.

The Entrepreneur’s Accounting Cheat Sheet

Up and Running

According to a study undertaken by the Small Business Administration , 28% of companies go bankrupt due to problems with the financial structure of the company. Keeping a record of your financial details IS important to the livelihood of your business. Our infographic will guide you through the essential documents you need, including helpful tips on finding an accountant for your small business.

Is Life Insurance Required For Your SBA Loan Approval?

YoungUpstarts

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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Resources And Loan Programs For Veteran Entrepreneurs

YoungUpstarts

There are plenty of resources available for the men and women who have served their country and wish to transition into civilian life by opening a small business. Not only are there loans and education programs that directly relate to their business needs, but other resources that can help indirectly. The Veterans Advantage lending program works through the Small Business Administration (SBA) to eliminate upfront fees for veterans seeking a business loan.

Getting Your Business Through A Crisis

YoungUpstarts

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.

California’s New Privacy Act Puts the Crunch on Small Businesses

The Startup Magazine

But the biggest potential victims of CCPA—even inadvertently—are small businesses. . Most small businesses don’t plan to sell your data to anyone. They’re too busy selling goods they made themselves or helping people buy homes. businesses said they were prepared.

Key Strategies for Starting a New Business After Bankruptcy

Up and Running

Starting a business is difficult, but establishing a new business from scratch after filing for bankruptcy can be an even bigger challenge. So, you might think starting a business will be easy. For instance, you may find it difficult to get business credit.

Three Ghoulish Blunders SMBs Make Applying For SBA Funding

YoungUpstarts

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. For many small businesses, capital comes from SBA loans which provide the company with low monthly payments and reasonable rates. By Evan Singer, General Manager for SmartBiz.

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Boost Your New Venture By Teaming With An Incubator

Startup Professionals Musings

According to the International Business Innovation Association ( InBIA ), there are over 2,200 of these locations worldwide, and new online versions springing up all over the place, like Founders Space in Silicon Valley. Most of these are non-profits, set up by a university to commercialize new technologies, or a municipality to foster business development for the local economy.

Funding Tutorial for New Entrepreneurs

The Startup Magazine

One of the most significant hurdles that many aspiring entrepreneurs must face involves raising capital to launch their business. With some business models, it may take many months or even a few years until the company can break even or turn a profit on a regular basis. Small Business Loans. Small business loans are one of the most well-known and traditional sources of startup capital.