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

YoungUpstarts

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. You can, however, make sure you do your part in keeping your employees and yourself safe from the disease.

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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

If your US-based business is adversely affected by Covid-19 such that you would need to lay off employees imminently and having access to capital would enable you to keep more employees on the payroll then you might be eligible. Am I eligible for the PPP Loan? The goal of the program is in the name?—?payroll payroll protection.

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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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7 Ways To Inspire Creativity In Your Employees

YoungUpstarts

All successful entrepreneurs remember the first few months of their start-up and know that feeling of pure innovation that makes your business click. You need creativity to keep going, and you need creativity from your employees to keep growing. For us, it all started with a blanket. Interdepartmental communication. Reward creativity.

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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

The truth is that you can have both and I strongly encourage aspiring employee-preneurs to review the following five reasons to consider maintaining your job in the first few years of building your business. Business Ownership Strengthens Your Employee Net Worth. Learning from Both Work Environments.

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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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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. The LLC business structure provides the limited liability features you would find in a corporation.