An industry expert shares how to secure cash flow and keep operations running during difficult times. April 3, 2020 5 min read The nation’s small businesses are struggling, and there’s no clear picture of when the current crisis will be over and things will be back to normal. It’s a tough situation for any company
It does’t matter if you run a fast food restaurant or a hardware store. A franchise owner gets the opportunity to experience entrepreneurship. But this happens without the higher risk levels generally experienced in traditional startups. However, running a franchise gives several advantages. For example, you get less room for innovation than in a startup.
On March 27, 2020 the House of Representatives passed the 2+ trillion dollar bill, the CARES Act, in an effort to rescue the US economy and the millions of Americans economically impacted by the shutdown of the majority of America’s commerce due to the COVID-19 pandemic. Included in the CARES Act is the Paycheck Protection
There are some business lessons that you need to learn through experience. However, there are some things you can learn by paying attention to experts in your field or utilizing data and tools that are available to your business. Read on for some of the top lessons you should take from industry experts and other
If you’re a small business owner, there’s really only one question on your mind; how do I stay in business through this COVID-19 crisis? We’ve never seen anything like this before. But then again, we have had disruptions that have shuttered businesses before. Maybe you’ve lived through some of these; The energy crisis in the
Small businesses are being impacted due to coronavirus and precautions to protect against the effects of the COVID-19 disease. The disruption is rippling across the economy and affecting businesses of all sizes. But small businesses immediately felt the impact. Governments and large corporations are responding with programs and announcements. This article contains a list of
This guide can help guide you and your business during difficult times. March 20, 2020 12 min read Opinions expressed by Entrepreneur contributors are their own. It’s safe to say that this current crisis is like none other faced by small business owners in the recent past, and it’s certainly daunting trying to tackle all
It’s also giving $1,000 bonuses to each of its employees. March 18, 2020 3 min read This story originally appeared on Engadget Until now, Facebook’s response to the coronavirus outbreak has focused on fighting the spread of misinformation — by offering free WHO ads and banning ads that promote false ‘cures.’ Now, Facebook plans to invest $100 million in 30,000 small
Financial success stories are what business legends are made of; entrepreneurs starting their own companies with a few thousand dollars from their life savings and their credit cards. Most of founders fail, but there are the rare ones that succeed to become billionaires. On the Small Business Radio Show this week, billionaire Tom Golisano, founder
Choosing the right business name can help you get your new venture off to a strong start. However, some entrepreneurs struggle to find names that are relevant, memorable, and available. Luckily, name generators can help spur ideas. There are plenty of these available online, including those for specific industries and niches such as craft business
Eggs Up Grill is a quirky, homegrown, Southeast breakfast chain. With new owners and a mandate to grow, the brand has a delicate balance to strike. March 5, 2020 15 min read This story appears in the March 2020 issue of Entrepreneur. Subscribe » After the papers had been signed and the hands shaken, Skip
AquaVault is a portable outdoor travel safe that protects your valuables while you swim on vacation. Small Business Trends contacted Jonathan Kinas, Co-Founder/ Managing Partner, Aqua Vault Inc, to learn the story behind this product. Like a lot of great products, Kinas pointed to the old adage that necessity is the mother of invention. The
The old plumber and electrician trainee model has been reimagined for the new world — and could be exactly what a startup needs. March 3, 2020 7 min read This story appears in the March 2020 issue of Entrepreneur. Subscribe » Fiona McDougall never thought she’d hire an apprentice. The practice was common in her
Is your small business sales team newer, less tenured, or used to a different selling motion? You may find that their ability to drive a sale to close is just as much of a variable. Recently, our Essentials Business Coach team in Atlanta held a “War Room” — a sales tactic to review deals in
GetMyBoat, is a startup that calls itself the “Airbnb of Boats.” This app lets interested people rent boats in many different countries. Small Business Trends contacted Val Streif, marketing manager for GetMyBoat, to find out what makes this enterprise successful. He started by making some big claims. “GetMyBoat is the world’s largest marketplace for boat
There are tons of advanced strategies for growing a business. But for those who are just getting started or don’t have a ton of resources, those methods aren’t always attainable. However, there are still a ton of basic tips and tricks you can consider to get started on the right foot and grow your business.
Instacart is a grocery delivery service that operates in markets throughout the U.S. and Canada. Part of the growing gig economy, this service provides opportunities for those who want to work as independent contractors or earn a bit of extra money on the side. If you want to become an Instacart shopper or explore a
Award amounts can range from $5,000 to $80,000. Many claims are settled by employers to avoid damage to the company’s reputation. February 4, 2020 4 min read Opinions expressed by Entrepreneur contributors are their own. Employment discrimination and wrongful terminations are one of the most common types of lawsuits filed against small businesses. These violations
If you’re interested in starting a handmade business, a quality craft room is a must. Whether you’re interested in jewelry making or woodworking, such a space can help you effectively store your supplies and inventory while also giving you a dedicated space to hone your creative skills. When you’re setting up your crafts business, having
Did you know nearly three-quarters of consumers expect companies to understand their needs and expectations? The fact is, only 47% of customers say companies live up to those expectations. As a small business leader with limited budgets and resources, you may feel pressure to keep up. Wondering how to connect to your customers, deliver great experiences, and
We’ve reached that time of year. I make my predictions for small business. I experienced a good run for about 5 years. But this changed the last few years. So this week, I called in an expert. 2020 Megatrends Rohit Bhargava founded the Non-Obvious Company. And for the last 10 years, he published quite accurately
If you’re an entrepreneur in Minneapolis, Atlanta or New York, these programs could help fund your business idea. January 16, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Building a business is not an easy undertaking. Whether it’s time management or trying to increase profits, there are many hurdles all entrepreneurs
Now you can order your children’s glasses through an app that measures their face for a custom fit. Fitz Frames also uses AR technology so your kids can see what the 3D printed products will look like before you buy them. Small Business Trends contacted Heidi Hertel, CEO of Fitz Frames, to find out more.
Flea markets offer tons of opportunities for entrepreneurs. For example, not only can can apply as a vendor to sell your wares, but you can also find unique items that you can flip and turn into something even more valuable. Whether you’re already a flea market flipper or just getting started, you can always use
Small-business owners have much more to lose when it comes to California’s confusing law change. January 6, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. On one side of the street were truckers, blaring horns and demanding the right to stay independent. On the other, Uber and Lyft drivers, demanding the
Opening a nail salon proves to be fun and profitable. Do you want to get a headstart? You might want to consider one of these 10 nail salon franchise options. Nail salons continue to grow in popularity over the last couple of decades. As a result, we’ve seen a boom in recent years. Nail salons
Paint and sip businesses have really taken off over the past decade. A few of the big names in this space, like Painting with a Twist and Pinot’s Palette, actually launched in the 2000’s. But the concept has moved into many more communities thanks in large part to franchise programs over the last several years.
Small business owners can only focus on a finite number of tasks at a time. This means that there are many areas or strategies that tend to get overlooked. If you’re ready to step up your business process, consider these tips from members of the online small business community about some overlooked areas of business.
Service-based business owners face a new generation of customers. In the age of social media and online shopping, customers expect businesses to deliver an unprecedented high-level of service online and offline. You must stay available around the clock. And create a personalized experience for every customer. As a result, many owners try to conquer
Here’s how to turn that side hustle into a full-time vocation. December 20, 2019 15+ min read This story originally appeared on Authority Magazine Would you want to work doing something you absolutely love? Many people who have hobbies and passions have found a way to turn that from a side hustle to a full