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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. Scan through them and see which assistance your business may be eligible for. A Change in Attitude.

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

Both Sides of the Table

There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. 350 billion of this money is dedicated to small businesses under a loan program called the PPP (payroll protection plan).

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Starting a business involves brainstorming, planning, and ensuring that you comply with all necessary legal obligations. Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . What legally defines a small business?

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Utilizing Financial Aid During a Global Crisis: A Guide for Business Owners

The Startup Magazine

The Covid-19 pandemic has had a devastating impact on the global economy, with businesses in every sector feeling the strain of the crisis. As business owners struggled to keep their companies afloat, many turned to business financial aid programs for relief. Government Grants. How long would it last?

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The Latest Questions Small Businesses Are Asking

Up and Running

While there are no guarantees any startup business will be successful, a good first step to determine if an idea makes sense before proceeding with an investment of time and resources is to do a venture feasibility study. Consider a venture feasibility study as a start on a business plan if the idea looks profitable.

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Why A Vaccine For COVID-19 Won’t Restore Small Businesses Overnight

YoungUpstarts

But let’s look at this through the eyes of small businesses. Outside of government, companies with less than $7 million in sales and fewer than 500 employees are widely considered small businesses by the U.S. Small Business Administration.

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5 Franchise Problems To Avoid

The Startup Magazine

The US Small Business Administration notes that fast-food franchises make up the most popular business type for new entrepreneurs. From medspa franchise opportunities to retail businesses, there’s no shortage of supply. Franchisors Get Lots of Money from The Operators.