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Starting a small business is hard but finding small business funding can be even more challenging. While it may seem like there’s ample opportunity, from conventional loans to 401(k) funding, fledgling entrepreneurs may find themselves stuck when trying to figure out...
Tax season is upon us again. For the small business owner, tax time may be one of the most stressful times of the year. If you recently launched your business and haven’t even made money yet, you may wonder if you have to file. The answer is almost certainly "yes." If...
Benetrends President & CEO Dallas Kerley offers insight into programs to assist small businesses affected by the COVID-19 Pandemic. Before we look at funding strategies, we want to share a few thoughts with you. With the news about the impact COVID-19 is having...
Cash flow is often a big issue for a small business owner. This is especially true for minority business owners, who face more funding challenges than non-minority entrepreneurs. The good news is that there are now a number of resources available to help...
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...