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What Small Businesses Can Do To Survive And Thrive During The Pandemic

YoungUpstarts

by Itamar Gero, founder and CEO of SEOReseller.com . 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. The US economy has not been immune to this.

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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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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

Businesses can also use the money to pay interest on mortgages, rent and utilities. The great news about this program is that the loan will be forgiven if it’s used in this manner, so if you’ve already let your employees go, you can bring them back and pay them using this money.

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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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5 Free Platforms Entrepreneurs Should Be Using To Manage And Streamline Their Business

YoungUpstarts

Now that you have your business up and running you must sustain and grow it, but how do you do that? There are many helpful resources for budding entrepreneurs and small business owners and my first recommendation is to start with the U.S. Wave is a free, cloud-based tool specifically designed for small businesses.

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Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

Have a Solid Business Plan. Without a business plan, lenders will not meet with you. According to Founder and CEO of Dood Inc., Vlad Rigenco , your business plan needs to be laid out in clear financial terms, with your projections of money coming in and going out.

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Containing Growth Chaos: Five Things To Do When Your Company Is On The Upswing

YoungUpstarts

By Bryan Miles, CEO and co-founder, Miles Advisory Group, Inc. When businesses begin booming, that’s typically a good thing. In business, growth is a big deal, especially when you think about this: Most businesses cease operations and shutter their doors before ever really hitting their stride.

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