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Small businesses play an important role in our nation’s economy and minority-owned small businesses are a large part of that. The Hill noted in 2019: "Minorities own an estimated 29 percent of classifiable businesses, which are growing at twice the...
When you’re starting a small business, access to capital is crucial to fund growth. However, historically speaking, small business lending is more limited for minority-owned businesses. Part of the problem is that the U.S. Census reports that household net...
Small business funding for the minority-owned business is still challenging, but there are options to consider that can bridge any startup gaps and help you scale. In this article, we will explore options and provide entrepreneurship tips for starting a small...
There are more than five million family businesses in the US today. These companies range from multi-billion dollar global firms to small "Mom and Pop" corner stores. What they all have in common is the passing down of responsibilities between family members...
Business Insider says the top two issues negatively affecting these small family-operated companies are taxes and structural conflicts. Seventy percent of small companies do not make it through the handoff from one generation to next. Estate taxes...
Entrepreneurs starting a small business quickly learn their loved ones will be impacted, even if their start-up plan doesn’t roadmap the venture as a family business. Starting a small business is time and labor-intensive, sometimes emotional, and always a...
Family businesses, or those companies that have two or more related family members at the helm, are a common denominator across the business landscape. These companies are as small as the corner grocery and as large as the global enterprise. At both levels,...
If you are considering starting a small business, the implications stretch beyond the impact on your life and will also touch the lives of the people you love. Your becoming an entrepreneur affects your family in a variety of ways, even if they are not technically...
On December 20, 2019, President Trump signed into law the most comprehensive pension reform legislation since the Pension Protection Act of 2006. As part of the budget funding bill for the remainder of the current fiscal year, the Setting Every Community Up for...
If your small business has begun to make a profit, it is tempting to funnel the extra cash into your pocket. It is difficult to know how you can keep enough cash on hand to avoid small business funding, or, as an owner, to decide if it is time to finally draw an...
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