Category: Business

There are over 30 billion small businesses in the United States, some of them are successful (like yours), but over 20% will close in a year. You do not want to be that one in five unable to improve your small business. There are certainly little secrets to survival specific to each type of business, but it’s no secret how to fail. Some don’t have the essentials — like a realistic budget. Some are much too young. Statistics showed that … Continue reading “11 Ways to Improve Your Small Business”

With about 30.2 million small businesses currently in the United States, any entrepreneur will tell you that running a small business is no small task. Not only do you lose most of whatever free time you had previously, but you spend so much more than time in the process — you also spend money. Small business management is an expensive endeavor, despite whatever election, virus, or other world event is happening. If you’re noticing that your numbers are climbing, don’t … Continue reading “The Best Ways to Save Money In Your Small Business”

Congratulations on starting your own business! Don’t sell yourself short: It’s the American Dream for so many people, and you are living it. However, regardless of how long you’ve been running your company, customer service is going to make or break it. There’s always room for improvement when it comes to helping your customers have the best possible experience, from double-checking if they need any help in controlling the factors within the physical location itself. Here are the top six … Continue reading “The 6 Best Ways to Improve Your Companys Customer Experience”

The impact of COVID-19 (coronavirus) on the economy will be longstanding. Broad-based unemployment (both temporary and permanent), a drop in consumer confidence, and lower business spending have caused ended the longest economic expansion in American history. However, the impact of COVID-19 has been felt differently in various industries. Just as 70% of Americans have less than $1,000 stashed away for emergencies, many businesses were unprepared for the pandemic and the government measures to slow its spread. As a result, many … Continue reading “Economic Impact of COVID-19 on Industry”

Bankruptcy is a scary word. However, bankruptcy laws were created to provide debtors and creditors with an orderly way to resolve debts. It is invoked when a debtor’s assets and revenue are insufficient to service its debt. Bankruptcy can be filed voluntarily by a debtor, or involuntarily by its creditors. In either case, bankruptcy is intended as a way to provide certainty to debtors and creditors. Creditors are given an opportunity to establish the basis of their claim to payment, … Continue reading “10 FAQs About Bankruptcy for Small Business Owners”

If you or a loved one is facing unmanageable debts or foreclosure on your home, you may have considered filing for bankruptcy, but do not know much about bankruptcy law. If you are seriously considering declaring bankruptcy, you are probably extremely anxious and worried about your future. Either way, the minutiae of bankruptcy law can be complex and confusing, and you probably have many questions about the process. For many, filing for bankruptcy may seem like their only option, but … Continue reading “Everything You Need To Know About Bankruptcy Law”

In these unprecedented times, coronavirus has raised plenty of uncertainty and fear in regard to public health and the economy. Almost 70% of Americans have less than $1,000 in savings, and many of the 30.7 million small businesses are struggling to stay open or finance their operations until the outbreak has passed. It’s highly likely that 54% of the small businesses still open will have no choice but to close their doors in the coming weeks. How are small businesses … Continue reading “How Small Businesses Are Handling the 2020 Pandemic”