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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

by Wayne Titus, author of “ The Entrepreneur’s Guide to Financial Well-Being “ Entrepreneurs and small business leaders are trying to figure out how to navigate COVID-19, from how to apply for loans and assistance to FMLA regulations. How can businesses understand their options and develop a cash flow timeline?

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The Latest Questions Small Businesses Are Asking

Up and Running

Look honestly at all the pros and cons for this type of business venture. The local Small Business Development Center office is a resource that can assist with the venture feasibility process. What is meant by “company culture” and how is it important to my business? Analyze ways to overcome weaknesses and threats.

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How to Form a Corporation

Up and Running

Consider finding and working with a CPA and a lawyer. Most small businesses will be fine sticking to small numbers of common stock only. Most small businesses are exempt from the SEC requirement, particularly if you are issuing small numbers of shares (5,000 is typical) to only a few people. .

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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. So your business has to have hard assets it can pledge to back up a business loan.

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5 Tips For Startups To Avoid A Financial Disaster

YoungUpstarts

In fact, according to the Small Business Administration , one-third of startups fail because they fail to give enough attention to their business’ financials. You need an adequate amount of cash to pay for the costs of running the business, from payroll to lead generation. Streamline Your Accounting.

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6 Things Female Business Entrepreneurs Must Know Before They Start That Startup

YoungUpstarts

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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5 Benefits Of Expanding Your Business Into Global Markets

YoungUpstarts

The first benefit of expanding your business worldwide is pretty obvious: You’ll tap into new markets and increase your market outreach. Small Business Administration says anyway. business into their regions, just be careful you don’t violate U.S. Did you know that 96 percent of consumers live elsewhere?

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