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Top Financial Resources for Small Businesses in Northwest Phoenix

The Startup Magazine

They know the community, and theyre more likely to take a personal approach when reviewing your loan application. The Small Business Administration (SBA) also offers a variety of loan programs, including ones specifically designed for startups. Theyre user-friendly and designed to grow your business.

Phoenix 148
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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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5 Free Platforms Entrepreneurs Should Be Using To Manage And Streamline Their Business

YoungUpstarts

There are many helpful resources for budding entrepreneurs and small business owners and my first recommendation is to start with the U.S. Small Business Administration , it’s a helpful website that can guide you through the ins and outs of establishing your business.

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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 Write an Executive Summary

Up and Running

An executive summary is only really necessary when you are sharing your business plan with outsiders. For example, with an existing company, that information might be as simple as adding recent annual sales or number of employees to the basic company information in the first bullet here. Small Business Administration (SBA).

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Vital Tips For Small Businesses And Entrepreneurs During Covid-19  

YoungUpstarts

As individuals, we instinctively keep a running check in our heads about when our bills are due and when we have money coming in. Now it’s time to consider your small business in the same light. Make a list of bills you owe each month ­­— it could be rent, payroll, utilities, inventory, software subscriptions, etc.

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6 Reasons Your Small Business Will Fail (And How to Avoid Them)

Up and Running

According to Small Business Administration research , only half of new businesses survive for the first five years and only one-third of new businesses are able to survive for 10 years. We can also conclude that about 65% of new businesses don’t make it to the ten-year mark.