Blog

This Segment of Small Business Owners is Flourishing

funding for women

What do these businesses have in common? Flickr, Build-a-Bear, Eventbrite, SlideShare. If you guessed they were all founded by women, you are correct. Women small business owners are one of the fastest growing sectors of our economy according to the Small Business Administration (SBA). Thank the inspiring role models who have paved the way and showed younger generations that it can be a viable and lucrative career move. (Even the current head of the Small Business Administration, Maria Contreras-Sweet,...

Continue reading..

Great News for Veterans: SBA Extends Fee Relief for Business Loans

Veteran loans

According to the U.S. Census Bureau, nearly 1 in 10 small businesses are veteran-owned. Additionally,  about one quarter of the 22,658,000 veterans in America today say they are interested in starting or buying a small business. US Military Veterans So the recent announcement by the U.S. Small Business Administration (SBA) that it will extend its fee relief for SBA Veterans Advantage loans through September 30, 2015, is terrific news for our military veterans. (This fee relief was originally scheduled...

Continue reading..

The Entrepreneurship Story of Benetrends President/CEO

ELR

Benetrends President/CEO Rocco Fiorentino knows what it's like to be an entrepreneur and franchise owner. His unique story and perspective on how (and why) he started on his path to entrepreneurship at a young age was featured in a recent interview with Executive Leaders Radio. Listen to his story here and tell us about your own!

Continue reading..

Small Businesses and Data Breaches: What you Need to Know Now about Cyber Liability Insurance

Cyber liability insurance

By: Bill Skene, Executive Director of Insurance and Risk Management Got insurance? With a number of high profile data breaches in the news over the past several months, 2014 has already been dubbed by some as the Year of the Data Breach. According to InfoSecurity Magazine, as of July 15, 2014, more than 400 data breaches have been reported, affecting more than 10 million personal records. While an underground network of overseas hackers stealing thousands of credit card records from large corporations...

Continue reading..

$23.7 Trillion to Help Franchisors Grow

401k funding

Retirement plan assets According to a recent report by the Board of Governors of the Federal Reserve System, there is an estimated $23.7 Trillion in U.S. Retirement Plan Assets. This is great news for franchisors who are looking to grow their franchise system. As you may already be aware, when leveraged by your candidates and franchisees, retirement plans can be used to purchase a franchise tax-deferred and penalty-free. This type of funding, often called 401(k) rollover funding or ROBS (Rollovers...

Continue reading..

Funding a Franchise: Why Crowdfunding is Not Your Best Option

Crowdfunding

Crowdfunding has been a growing buzzword among entrepreneurs for several years. In fact, platforms like Kickstarter continue to gain media attention — especially with recent successes such as the Reading Rainbow campaign that quickly went viral. With all the hype around such hugely successfully campaigns that have raised millions of dollars in a short amount of time, it’s worth asking the question: Is it right for franchisees? Lending experts do not recommend using crowdfunding to finance a...

Continue reading..

Clients in the News: Roundup

Our amazing clients are making news all over the country! Read what some of them are doing: David Shahin of Flow Components and Equipment Supply featured in Fox Business News article on How to Reinvest Your 401(k) to Buy a Business. Neat story and so inspiring that he is hiring and supporting our veterans! Read article Glory Gallucci, Franchisee, Any Lab Test Now interviewed for Huffington Post, Women in Business. Features terrific insights on being a woman entrepreneur, and why it's important to...

Continue reading..

SBA Changes Definition of “Small Business”

Starting July 14, the Small Business Administration’s (SBA) new size standards will go into effect, expanding the number of companies defined as a “small business” by approximately 8,500, according to The Washington Post, and making them eligible for SBA financing. The changes adjust for inflation — the first such adjustment since 2008 — and vary by industry, with some being considered small businesses based on total assets or revenue and others on the number of employees. Fortunately for...

Continue reading..

Franchising World - Benetrends and St. Gregory Development Group

Benetrends + St. Gregory

Let us know what you think of our new ad in the June issue of Franchising World. Thank you to St. Gregory for partnering with us! Franchising World June Cover Benetrends + St. Gregory

Continue reading..

Prepare to Grow Your Business: 5 Things You Can Do This Week

Growing your business can be a time-consuming process, but here are five steps you can take this week to put yourself on the track to expansion.  Monday: Analyze Your Current Situation Spend some time analyzing where your business is now. This can include reviewing your bottom-line profit over the last several years, as well as looking into the future to ensure your business will continue to produce the revenue you need to sustain growth. Think about where you want to be in three years. Tuesday:...

Continue reading..