As a small business owner, you might be making the key decisions regarding your company and overseeing all daily operations and business development. However, in certain situations, you may need a third party with particular skills to help you objectively evaluate, understand, and come up with solutions. This is where small business consultants come intoRead more
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The SBA is a U.S. government agency that supports small businesses and entrepreneurs. It offers educational material and training to small business owners while matching those in need of finance with SBA-approved lenders. The Small Business Administration Program (SBA) supports small business growth in four main ways. These include: SBA loans The SBA can helpRead more
If you are looking for a way to start or expand your small business, you may have heard of SBA loans. SBA loans are loans that are guaranteed by the U.S. Small Business Administration, a federal agency that helps small businesses get access to capital, counseling, and contracting opportunities. SBA loans are not issued byRead more
The holiday season is finally here. If you run a small business, you may be already thinking of ways to cash in on the anticipated surge in demand for personal and household items around this time of the year. Here are some tips to prepare your business for the holidays that will maximize your salesRead more
Minority-owned businesses contribute more than $1 trillion into the U.S. economy each year. However, various setbacks make it difficult for minority owners to succeed in business. COVID-19 shutdowns and restrictions have made market entry much harder for disadvantaged entrepreneurs to establish a new company. Fortunately, many government agencies and private organizations are willing to provideRead more
The COVID-19 pandemic has had devastating impacts on many businesses. Despite the hardships, the entrepreneurship spirit is very much alive. New businesses are emerging, while others are recovering, as most economic sectors gradually open up. Background of National Entrepreneurship Month Each year since 2011, the month of November has been celebrated as National Entrepreneurship Month.Read more
Starting a business usually requires courage, as well as the prudent investment of time, money, and energy. While it’s a challenging path to take, you may attain astonishing success if you are passionate and knowledgeable about the industry you’re diving into. Unfortunately, only 50% of start-ups with employees remain in business for over five years.Read more
According to a Splunk report, 88% of organizations are spending more on cybersecurity in 2021. Most of them are implementing advanced techniques, including artificial intelligence, to strengthen their information security. As you prepare for Cybersecurity Awareness Month, here’s a look at reasons to ensure data security both offline and online. Why Is Cybersecurity Critical? WithoutRead more
In the U.S., September is usually the national disaster preparedness month. Throughout the month, the government informs citizens on the importance of preparing for unforeseen disasters. For residents of Ventura and Santa Barbara Counties, this is a particularly important month because California is prone to wildfires. Even worse, California’s wildfire season has been getting longer,Read more
A lack of adequate working capital is one of the major reasons why many small businesses fail. While you can address this problem with funding from a bank, most conventional lenders will require you to prove your creditworthiness to qualify. This hurdle forces many impacted investors to look for alternative sources of finance. Here’s aRead more
