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

YoungUpstarts

Maybe because they have often been called the backbone of the American economy, small businesses are among those with the heaviest burdens to bear. The sad reality is, some of these small businesses may never open their doors again. The odds were always difficult for small businesses even before the pandemic.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

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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. Poor Financial Management.

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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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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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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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Find Your Ideal Job And Build Your Dream Business

YoungUpstarts

Quitting your job and then applying for a small business loan is a recipe for disaster. In addition, being employed allows you the flexibility of investing in your small business without the stress of adding more debt into your current financial portfolio. Position Yourself With a Better Financial Portfolio.

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