Cash-strapped entrepreneurs who took a federal Paycheck Protection Program loan and are running out of funding may get a second infusion of liquidity. The Senate’s HEALS Act, the Republican proposal for another round of coronavirus relief funding, includes a measure that would permit certain small-business owners to borrow from the program a second time. Sens.
Month: July 2020
Because of COVID-19, businesses and their accounting departments are going through a cycle of shock (and maybe some denial), survival, learning and adaptation. For those of you who haven’t done so yet, it’s critical to begin the shift into the learning and adaptation phases as quickly as possible so we emerge stronger as a result.
Like many people who start a business after a long corporate career, Wade Forbes wasn’t thrilled with handling the administrative parts of entrepreneurship. Forbes, co-founder of RedTale Communications in the Baltimore, Maryland area, does “sketchnoting,” where he creates storyboards, illustrations and rich pictures for organizations to capture what is said at their meetings. “I tell
On July 1, Facebook automatically opted advertisers into its new Limited Data Use setting for California Consumer Privacy Act (CCPA) compliance. When Limited Data Use (LDU) is enabled, Facebook restricts the way data from users detected to be from California can be stored and processed. The feature is already having a dramatic impact on advertisers.
Automate email, SMS, and more with ease with mPonics. July 30, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Convenience is everything
July 30, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. The pandemic has had devastating effects worldwide. You know this. I know this. We all know this. It has affected every area of life for billions of people and, for many of us, doesn’t seem to be ending anytime soon. The sad
The coronavirus shutdown can be the perfect opportunity for you to to become an entrepreneur, according to best-selling author Patrice Washington. Washington lost her real estate business in 2008 and spent the next decade building a new career helping others with their finances. She is also the host of “The Redefining Wealth Podcast.” The 39-year-old
If you contact your accountant once a month or once a quarter, you should try to do it more often. Your accountant can be your trusted advisor who you can turn to for a wide range of business advice. According to a survey conducted by OnPay, 61% of small businesses are completely satisfied with the
Bike company Lauf, which recently shifted to a direct-to-consumer business model, provides customers … [+] video call sessions to assist with bike assembly. Lauf Direct-to-consumer brands do not kowtow to Covid-19. While other retailers furlough staff, defer investments and declare bankruptcy, agile DTC and digitally native brands respond by fast-tracking customer engagement initiatives already under
July 29, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Selling digital goods and getting started in the online education sector has never been easier in today’s online world. According to Research and Markets, the online education industry is poised to become a $325 billion dollar industry by 2025, increasing from $187.877
Ryan German has kept 40 employees working at his restaurant, Caffe Gelato, in Newark, Delaware. The Paycheck Protection Program provided a lifeline to help him through an unprecedented spring as the coronavirus pandemic tore through the country. The loan, now exhausted, covered seven weeks of payroll. But the restaurant is facing down an unknown future with
66% of Americans working from home say they are likelier to work nights and weekends than prior to working remotely. 19% of home workers admit to starting earlier and finishing later since working during quarantine. These statistics were unveiled by JDP’s ‘Working From Home During the Pandemic’ study. JDP provide employment screening services and background
Business loan terminology can be confusing. Most small business owners would rather grow their companies than talk about loan interest and finance charges. That said, if you approach a lender without knowing loan terminology you could be — well — borrowing trouble. Fortunately, we’ve created this glossary of loan definitions that a small business borrower
The world’s leading accounting software is now on sale. July 28, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Intuit QuickBooks is
getty There are many factors that can lead to having a less than productive workday, but there are also some simple solutions to improve your day as well. Read on for six simple habits that will improve your workday. Start the day with something that makes you happy. The way you begin the day
Everyone from video marketers to Hollywood producers uses Soundsnap. July 28, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. According to a
Kemal Yildirim | E+ | Getty Images The Senate HEALS Act would allow business owners to take a temporary 100% tax deduction on business meals. The GOP’s $1 trillion proposal, which was released on Monday, calls for a range of relief measures to help buoy Americans during the coronavirus pandemic. Aside from offering another round
More than 30% of people in the US find resetting passwords as stressful as retiring. This was the finding of password manager NordPass’ in-depth research on people’s password habits in the US and the UK. Password Statistics The study found that 30% of people find resetting passwords to be hugely stressful. So stressful in fact,
The scope and sheer complexity of the Tax Cuts and Jobs Act of 2017, along with a frequent cadence of regulatory guidance since then issued by the Treasury Department, have created a host of tax-reporting challenges for companies across all industries. Among these challenges have been uncertain or evolving guidance, demand for much greater data,
A new survey and report carried out as part of BlackRock’s Emergency Savings Initiative reveals 30% of Etsy sellers don’t save for emergencies. The survey highlights the financial positions of non-traditional workers, not only on Etsy but across the board. Non-traditional workers, micro-entrepreneurs and small businesses, in general, are facing considerable challenges as they adapt
Getty In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller than the subsequent House proposal. Eventually, the two reconciled, and the CARES Act became law. In May of 2020, the House introduced a new COVID-19 economic relief proposal. The bill, known as
How will you remember the Summer of 2020? It’s probably been a bit of a rollercoaster ride for most business owners trying to ride out the pandemic and still keep their businesses healthy, profitable and in compliance with old and new regulations. Business Licenses and Permits Requirements One area you may have fallen behind in
Just about every business needs a vehicle. Some use cars to visit customers, clients, vendors, or run business chores—to the bank, to see an attorney or other business advisor, or to scope out new business. Others use vans to carry tools of the trade to worksites. And still, others use cars or trucks to make
Hip food trucks started hitting the scene in the trendiest cities over a decade ago, breathing new life into the old concept of the sandwich cart. Fast forward to today and colorful trucks serving upscale cuisine are everywhere, even in the staidest suburbs and small towns. Food trucks are a billion-dollar industry in the United
By Susan Guillory We hear a lot in the media about the wage gap female employees experience in the workplace, but something that didn’t occur to me was that there is a similar divide for female entrepreneurs. If we can set our own prices, why aren’t we making more money? Look, we can point the
Jovita Carranza, administrator of the U.S. Small Business Administration (SBA), speaks as Steven Mnuchin, U.S. Treasury secretary, left, listens during a House Small Business Committee hearing in Washington, D.C. Erin Scott | Getty Images Details of Senate Republicans’ version of a coronavirus aid bill are starting to emerge. Accountants question whether it will provide enough
Mind mapping has become one of the most popular techniques for organizing and developing new ideas. They make explaining the relationships between ideas and concepts easy with graphics, charts and diagrams. Mind mapping tools let you and your team visualize your thoughts with real-time collaboration. Many businesses around the world already use mind mapping techniques
It’s easy for small businesses to get stuck doing the same things over and over again. If your processes could stand to be refreshed, it’s time to consider some new strategies. The tips below from members of the online small business community cover everything from choosing the right marketing channels to diversifying your offerings. Optimize
Getty Getty Talk to young, aspiring marketers and many will glamorize working at startups—no bureaucracy, rapid-fire decision making, fun-and-games type of environment. In contrast, many will disparage large firms—slow, bureaucratic, pain-inducing decision making processes. Yes, you can move faster in a smaller organization but there are a number of new and different challenges that make
A BronCore Fitness bootcamp in the Boston Commons. Bron Volney Jacob Gise opened a Body Fit Training franchise in Santa Monica, California, in November. By March, the flagship U.S. studio of the global chain had just become profitable. Gise had traveled to Australia, where Body Fit Training began, to learn the ropes, so he was
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