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What Are Small Businesses’ Biggest Expenses, and How Do Yours Measure Up?
Finance, Home Page Blog, Management
What Are Small Businesses’ Biggest Expenses, and How Do Yours Measure Up?
14 April 2014

With Tax Day on the horizon, small business expenses are on entrepreneurs’ minds. But according to the most recent SMB Benchmark Expense Survey from PEX Card, this isn’t the only time of year when small business owners fret about their expenses. Asked what is the number-one concern that keeps them up at night, small business owners cited “expenses eating into profits” as their biggest worry. Read more…

    Do You Really Need an Exit Plan for Your Business?
    Finance, Getting Advanced, Home Page Blog
    Do You Really Need an Exit Plan for Your Business?
    10 April 2014

    Are you expecting to sell your business one day and retire on the proceeds? Or does retirement seem so far off that you haven’t even thought about it? Whichever situation you find yourself in, if you haven’t created an exit plan for how you will leave your business, you could be putting your financial future, your employees and your business’s health in jeopardy. A study by Securian Financial Group found that many small business owners are so busy running their businesses, they haven’t even started the exit planning process. This was true even among business owners who planned to leave their businesses fairly soon. Read more…

      Women in Business Tip: New Source of Startup Capital for Women Business Owners
      Finance, Home Page Blog, Just Getting Started
      Women in Business Tip: New Source of Startup Capital for Women Business Owners
      11 March 2014

      Fashion designer Tory Burch started her boutique business in 2004 in the Nolita shopping neighborhood of Manhattan on Elizabeth Street. Fast forward 10 years later and Tory Burch has launched another venture called Elizabeth Street Capital to help early-stage women business owners (those who have been in business about two years) get access to low-cost capital, mentoring support and networking opportunities to grow their businesses. Launched with an investment of $10 million from Bank of America, the program will initially support women entrepreneurs in Boston, Charlotte, Las Vegas, New York, Philadelphia and San Francisco, but will expand to additional markets over the next two years. Read more…

        Women in Business Tip: The State of SBA Franchise Loans and What It Means to Your Business
        current events, Finance, Home Page Blog
        Women in Business Tip: The State of SBA Franchise Loans and What It Means to Your Business
        11 February 2014

        President Obama has finally nominated a replacement head of the Small Business Administration (SBA): Maria Contreras-Sweet, a businesswoman with a strong background in small business financing and government service. One issue Contreras-Sweet will be required to address is the alarming trend regarding the state of franchise loans.   According to a report by the Government Accountability Office, over a dozen years, more than 40 percent of buyers who purchased a single-unit franchise defaulted on the loans that the SBA guaranteed. Read more…

          Women in Business Tip: Win Coaching, Funding in Cartier Women’s Contest
          Finance, Home Page Blog, Just Getting Started
          Women in Business Tip: Win Coaching, Funding in Cartier Women's Contest
          4 February 2014

          “There may come a time when a lass needs a lawyer, but diamonds are a girl’s best friend. ” Six entrepreneurial women can now call Cartier and the Women’s Forum for the Economy and Society their best friends as winners of the 2013 Cartier Women’s Initiative Awards.  Selected from more than 1,000 candidates, the women business owners will each receive one year of personalized coaching and $20,000 of funding. Read more…

            Women in Business Tip: Investments in Women-Owned Businesses Return Positive Results
            Finance, Getting Advanced, Home Page Blog
            Women in Business Tip: Investments in Women-Owned Businesses Return Positive Results
            28 January 2014

            Studies of women-owned businesses have consistently come to the same conclusion when it comes to the question of funding: Women-led businesses receive less funding than companies led by men. Are we preaching to the choir? What may not be as well-known is that the performance of VC firms improves as their ratio of investment in women-led businesses increases, according to “Venture Capital, Social Capital and the Funding of Women-led Businesses”, a study by JMG Consulting LLC & Wyckoff Consulting LLC for the Small Business Administration that was released last year. The study, which looked at all U.S. venture capital investments from 2000 through 2010, also found that when one woman-owned business gets financing, it tends to have a domino effect: Because VC funding is usually relationship-based, once a VC firm invests in a women-led business, that business owner may introduce or recommend other successful women-led businesses to the VC. Read more…

              Women in Business Tip: Boost Your Odds of Getting a Small Business Loan
              Finance, Home Page Blog, On Your Way
              Women in Business Tip: Boost Your Odds of Getting a Small Business Loan
              14 January 2014

              According to a 2013 Biz2Credit analysis, women are 15 to 20 percent less likely to receive approval on a small business loan application than men. Some of the reasons cited are that women-owned businesses averaged 15 percent lower average annual revenue, had 21 percent higher operating expenses and had lower credit scores. But all hope is not lost. Read more…

                Women in Business Tip: How to Barter With Other Women-Owned Businesses
                Finance, Home Page Blog, On Your Way
                Women in Business Tip: How to Barter With Other Women-Owned Businesses
                26 December 2013

                Wouldn’t it be nice if you could afford everything you need to make your business a success? As you well know, that’s not always possible. That’s why so many businesses are turning to bartering exchanges to trade services and products. Small business owners Melissa Monti and Sara A. Baker read about a barter program in New York and decided to found their own barter exchange in California called Lancaster Exchange of Goods and Services (LEGS). Read more…

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