Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may
According to Oechsli Institute research , there is a major difference between asking for an introduction and asking for a referral. Eight out of every ten clients will be happy to introduce you to someone they know. That same number will feel awkward when you ask for a general referral—they feel imposed upon. However, they
[embedded content] Next year, AMP will no longer be a requirement for content to appear in Google’s Top Stories section. This announcement carries substantial traffic and ad revenue implications for major publishers. To provide SEOs with an overview of the news, factors to consider and an inside look at how BuzzFeed is approaching the situation,
U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said on Monday he will be talking with the Senate and others on a “bipartisan basis” about striking a balance between protecting the
An employee referral program is a win-win for you and your team. Referral candidates tend to be well-qualified, since they’re pre-vetted by staff members you know and trust, and hiring referrals shows you value your employees’ input. Small Business Employee Referral Program To help you build a great referral program, we asked the members of
Completing paid surveys online is an easy way to make extra cash on the side. You’re unlikely to get rich with the money from survey sites, but many of them do offer real cash, gift cards, and other perks for those who provide insights for their market research initiatives. However, there are also scams out
TOPLINE The Justice Department Monday charged a Massachusetts IT CEO with wire fraud after he submitted fraudulent applications for $13 million in emergency coronavirus rescue funds for small businesses—the charges come amid a push for greater transparency into the federal government’s massive spending on relief programs. Getty KEY FACTS Elijah Majak Buoi, a 38-year-old CEO
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC House Democrats on Monday wrote to the chief executives of some of the country’s largest banks demanding they disclose documents pertaining to their handling of the federal government’s small business bailout loan program. In
Too many small business owners want to stick their heads in the sand and wait until “normal” comes back. This is a bad strategy because no one knows when the marketplace will be “normal” again. Interview with Dave Silke of Mitel On the Small Business Radio Show, Dave Silke, the Chief Marketing Officer of Mitel
The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses. Treasury Secretary Steven Mnuchin (pictured) said last week the firms that got billions of dollars in taxpayer-funded aid wouldn’t be disclosed, sparking fury from Democrats and others.
Photo taken in Santa Cruz De Tenerife, Spain Getty The parents of Bill Gates encouraged their son to be a voracious reader. And yes, Bill has said that this was a key to his success. Being an entrepreneur is about constantly learning. In fact, when Bill ran Microsoft, he would have a “Think Week” twice a year,
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images It’s the banking world’s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since
Considering the value of digital data for a company (no matter the size), it is surprising about a sixth (16%) of SMB executives don’t know their own Recovery Time Objectives (RTOs). The data comes from a survey and report by Infrascale, a company specializing in backup and disaster recovery solutions since 2011. What is an
Quantifying and qualifying your validation milestones will help you create a roadmap and benchmark … [+] by which you can evaluate your path while reducing your feelings of uncertainty and doubt. Here are 8 of the most common signs indicating whether you have validated your startup app idea. Getty If you have been gearing up
During the pandemic, Shelly Marshall knew she’d have to pivot quickly to stay afloat. Marshall co-owns Brooklyn-based Island Pops with her husband, Khalid Hamid, selling Caribbean-inspired ice cream. “You come to a shop, sit down and have an ice cream cone and hang out with friends — that wasn’t possible during Covid,” Marshall said. “Customers
They say one man’s trash is another man’s treasure. Whatever you call it, Americans have a lot of junk, and more and more people are looking to get rid of it. The result is a junk removal industry that is growing. And junk removal franchises are an opportunity to take advantage of this growth. According
TOPLINE After weeks of complaints from Democrats calling for more transparency, the Small Business Administration announced Friday it will release the names of businesses that received loans from the Paycheck Protection Program, which was intended to help small businesses disrupted by the coronavirus pandemic—except for those that got loans of more than $10 million or
There is no shortage of options for social media management tools; there are more than 300 listed on the marketing technology landscape. And HelloWoofy isn’t on it yet, but the start-up is aiming to bring the assistance of automation to social content creation for small businesses. The company announced a new integration with social media
Founders: Rob Frohwein (CEO), Kathryn Petralia, Marc GorlinLaunched: 2009Headquarters: AtlantaFunding: $489 millionValuation: $1.1 billion (PitchBook)Key technologies: Artificial intelligence, machine learningIndustry: Credit, financial services, lendingPrevious appearances on Disruptor 50 List: 2 (No. 14 in 2019) George Kavallines Among the biggest headaches any small business faces is cash flow. Kabbage, headquartered in Atlanta, is a data and technology company providing small businesses with
Hiring, with its many rules and regulations, is a complex process to manage. If you’re planning to grow your small business team, you need a clear set of steps and tools to help you find the right candidates for the next job offer. A solid and consistent process can also help you remain legally compliant.
If you ever plan on seeking small business financing, entering into partnerships, or simply establishing your company financially, a DUNS number can help you make a major impact. However, some startup founders may struggle with the exact meaning of this term or the relevance to their operations. So if you have ever wondered “what is
Internal Revenue Service employees are beginning to go back to their offices to deal with the mountain of paperwork awaiting them, even as some are testing positive for COVID-19, but they quickly adapted to working remotely in recent months, according to a group of top IRS officials. IRS employees in Utah, Texas and Kentucky began
Many Americans are, unfortunately, receiving unemployment compensation right now. But that could be an opportunity for would-be entrepreneurs. Have you considered starting a business with that unemployment money? And there’s a real need for innovation.Unemployment rose in the U.S. in April with the biggest monthly spike since 1948. Small Business Trends contacted Mike Nunez, Chief
Patrons gather outside of Neir’s Tavern on Saturday, Jan. 11, 2020, in the Queens borough of New … [+] York. The 190-year-old New York City tavern where scenes from the movie “Goodfellas” were filmed will stay open thanks to a deal reached Friday by the bar’s owner and his landlord, city officials said. (AP Photo/Frank
Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC In late March, with the coronavirus pandemic forcing mom-and-pop shops across the country to shut down indefinitely, small business lender Kabbage furloughed a “significant number” of employees and paused its lending operation, anticipating the contraction in its customer base. But CEO Rob Frohwein, who co-founded the
I’ve made exactly zero attempts to hide my love of Brené Brown, so when it came time to offer the small business community advice on resilient leadership, she was top of mind. Last week I had the good fortune to interview her along with a favorite Salesforce customer of mine, Eric Rodriguez from coliving platform Common. The
Justin Dye Kymora Jaxson Photography Warren Bobrow=WB: Where are you from? What propelled you on your journey? How does cannabis inspire you? Justin Dye=JD: I grew up in Winslow, Indiana, a small rural community with a population of 1,200 in the southwest corner of the state. The major industries were coal mining and farming with
June 16, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. During a time where customers are scarce and revenue is dropping for nearly every company, a lot of small businesses are considering throwing in the towel. “What can we even do if nobody wants to buy?” they ask. The answer, in my
10’000 Hours The IRS won’t let you write off those home-office expenses on your 2020 taxes, but your state just might. It’s been about three months since state governments put in place stay-at-home orders to mitigate the spread of coronavirus. Indeed, employees who have the option to work remotely are getting used to it. More
As businesses start to reopen after the coronavirus pandemic, it’s time to adjust to the new needs of customers. To make the most of this time, you may need to change your marketing methods or business investments. Members of the online small business community have tips for navigating these changes. Read on for more helpful
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