Minority business owners face unique challenges that their majority counterparts often do not experience. For new minority business owners, small business funding challenges and societal biases come on top of the usual challenges of starting their own company. As seen...
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Benetrends Blog
6 Things Women Entrepreneurs Should Know
Women business owners face a different set of challenges than their male counterparts. In a prior blog, the hurdles range from societal obstacles and misperceptions to a lower rate of acceptance for small business loans. The reality is women...
How Will the Tax Cuts & Jobs Act Affect ROBS?
We have been very watchful of the tax reform that has been fiercely debated in Washington and was signed into law on December 22, 2017. With the help of our tax partners, below are some of the highlights regarding the reform’s effect on the ROBS business: The...
Small Business Start-Ups: 20 Things Every New Owner Should Know
A small business start-up requires the skill of a juggler - keeping many balls in the air at the same time. Often, marketing, sales, operations, finances, funding, daily management, and customer service share equal importance, at the same...
Pros and Cons of Using Home Equity to Fund Your Small Business
Entrepreneurs universally are looking to fund the considerable start-up and operating expenses that come with starting a business. If you are looking for funding sources, is using your home equity a good option? There are pros and cons of using home equity...
What Is the Difference Between Venture Capital and Angel Investors?
When looking for funding for small businesses, private investments is often a consideration for entrepreneurs. While there are many types of private investing, the most common types are venture capital and angel investors. For small business owners considering...
Should You Use Credit Cards to Fund Your Startup?
Finding the right source of funding for your business can be challenging. Whether it is securing bank loans, using venture capital or angel investors, or relying on your own savings, the process can be stressful, slow, and time-consuming. Those difficulties often lead...
Exceeding Clients Expectations it starts with Customer Service
But, as much as we want to receive superior service, at times it can be difficult to provide the same standard of service to our clients, especially if our idea of exemplary service differs from those who are on the receiving end. Ben Franklin, a Founding Father, and...
Should You Try Crowdfunding for Your Small Business?
You have likely seen crowdfunding campaigns, micro-efforts to boost funding to support a special project, development of a game or film, or to support a family in a moment of crisis. Using popular platforms like Kickstarter, Indiegogo, or GoFundMe, crowdfunding taps...
From Business Concept to Funding: Why Successful Entrepreneurs Think Differently
Entrepreneurs by nature have different DNA. They are driven by a belief in themselves, a vision for success, and outside-the-box thinking. What characteristics do entrepreneurs have in common? How do those traits come into play when securing business...