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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

The Small Business Paycheck Protection Program provides small businesses with funds to pay up to eight weeks of payroll costs including benefits. But I would also recommend working with your Small Business Administration (SBA) lender, if you have one, to ensure that you have the right information needed to apply.

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The Latest Questions Small Businesses Are Asking

Up and Running

A major cause of business failure is not having enough cash available to cover all startup costs and operate for at least a year. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics.

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Entrepreneurship for Superwomen

Up and Running

Through his class, I learned what to expect as far as occupancy, cost of goods, insurance, taxes, real estate needs, and more. I got an SBA loan and purchased my business within months of beginning my search. Have a bookkeeper and a CPA. Learn from your mistakes and successes. The first year of my business was a loss.

Florida 102
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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

One exception to the rule is that the federal Small Business Administration (SBA) has programs that guarantee some portion of startup costs for new businesses so banks can lend them money with the government, reducing the banks’ risk. See Also The Complete Guide to SBA Loans. CPAs get sued over bad audits. Collateral.

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Lean Business Planning with Tim Berry [VIDEO]

Up and Running

Magda, the new business owner, knows this deli office park business, so she knows more or less to educated guess what it’s going to cost her for each cup of coffee, for each lunch. In the business offering, features and benefits, launches, versions, sourcing, cost, in admin and finance, are we raising money? Are we recruiting?

Lean 60
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Do You Have Fear of Financials?

Up and Running

I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. 2. Forecasts don’t take an MBA, CPA, or PhD. I received an email overnight that reminds me that people still need a lot of reassurance about financials.

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8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

Pay particular attention to the financials, and have a CPA friend review for reasonableness before presenting. Even if you can’t meet all these criteria, it’s definitely worthwhile to utilize the free services of the Small Business Administration (SBA) and SCORE in the US to get their help in preparing for the loan option.