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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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Guide: How To Become A Freelance Lawyer

YoungUpstarts

First, you will need to decide on the structure of your business. Are you going to operate solo? The Small Business Administration has a handy guide to the various options available. Once you have registered your business, you need to set up a separate bank account for your business and register with the IRS.

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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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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.

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

Both Sides of the Table

Along with my partner Stuart Lander, who runs operations at Upfront and is a former lawyer, we have scoured through, debated and helped scores of companies make this determination. 350 billion of this money is dedicated to small businesses under a loan program called the PPP (payroll protection plan). payroll protection.

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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

Skin in the game does not mean you have to quit a job to explore a business. It means you have to be willing to invest time, money, or both in order to build your side hustle into a fledging small business operation. The great news is you don’t have to sacrifice either opportunity to benefit from both opportunities.

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How To Start Your Own Craft Beer Business

YoungUpstarts

Once you’ve decided which overall business structure is the right fit for you, we recommend that you write a business plan. For more information about how to create a business plan, the Small Business Administration has you covered. Get to know the legal stuff. DIY or hire a service.