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One of the most rewarding small business ownership opportunities is a bed and breakfast. If you have the personality and commitment, owning a bed and breakfast is a rewarding and lucrative business option. As seen in the recent post Have Entrepreneurial Dreams?...
Are you considering starting a personal-services business? One smart choice is a hair salon. The hair salon industry is massive. In 2018, there were 996,000 hair care businesses in the United States. Those companies generated $46 billion in revenue and employed 1.3...
Like many small businesses, owning a fitness studio or gym has many advantages, including being your own boss. For instance, the setting your own hours, hiring the employees you want to work with, and the added perk of having free access to workout facilities...
According to May 2019 figures from the US Bureau of Labor Statistics (BLS), approximately 3.4 million people voluntarily left their jobs in March 2019. Many of these former employees made the choice to leave corporate America to pursue their own...
Once your business has opened its doors, the pace and demands as the owner increase rapidly. When your company opens, you need partners who will help with key business functions that, while necessary, may be time-consuming and unfamiliar. As seen in the recent post,...
Tax reform legislation passed in late 2017 is having an impact on small businesses beginning with the 2018 tax cycle. How can small-business owners make the most out of the new tax laws and what impact will it have on their business finances? As seen in the...
For many small businesses, especially those just starting out, cash flow is a classic challenge. Businesses starting out do not yet have the customer base and revenue flows established that allow for steady, reliable cash flow. Yet, as noted in the recent post,...
No business owner likes surprises, especially those that cost money. Regardless, new small-business owners often find that their first year of operation will be filled with unexpected challenges and opportunities. To avoid unwanted surprises, business...
You have come up with a great idea for your own business, one that you are confident will be financially, personally, and professionally fulfilling. You are ready to start developing your business plan, doing market research, and testing marketing ideas. How much...
How is small business funding affected when the government shuts down operations? Written by Morgan Johns, Director of SBA and Bank Financing. this article, written just prior to the end of the 2019 Government shutdown, the longest in US history, appeared in...