Featured Key Findings: With signs of new business growth in Michigan, Pennsylvania, and New Jersey, the Steel Belt is showing signs of resurgence. High population states like California, Florida, Arizona, and Colorado are struggling to make room for new business owners. Oregon has increased to the 5th most…
Hiring is an exciting milestone for a business. The company is growing and sales are increasing. Now, small business owners have the chance to hire talented individuals that can help the business reach its full potential. Before you start suddenly hiring tons of workers, it’s a good idea for…
While many Americans would like to run their own business, many are held back by the financial commitment required to buy a business. But if you have a 403(b) retirement plan, you can access the funds available in it via an innovative financing strategy called Rollovers for Business Startups…
The Pros of ROBS Leverage retirement funds tax penalty-free No risk from collateralizing of your home as with traditional loans Start a business without debt payments Invest in yourself, not the stock market No credit score requirements Tax benefits Ability to use retirement funds as the down…
Measures of Entrepreneurial Success 78% of small businesses are profitable. 80% of small businesses are still in operation after 1 year. 50% of small businesses are still in operation after 5 years. 53% of entrepreneurs are extremely happy owning a small business. (Ranking their level of…
It’s that time of year again! One year will be ending and another beginning very soon. While many people focus on holiday celebrations and new year’s resolutions at this time, small business owners also need to focus on year-end business planning – plus taking stock of the year nearly past.…
How to Reinstate Your Business What is a reinstatement? How do you file for reinstatement? Why would a small business owner choose to reinstate a business? Over the last few months, we’ve explored what it means to formally shut the doors to your business and file for a dissolution. The first…
IRAs are a great tool for saving and growing your retirement funds. They’re also among the more flexible forms of retirement saving methods. But because there’s room for interpretation of what you can and can’t do with the cash in your IRA, there’s often confusion and misinformation, even…
Executive Summary: If you value control, creativity, and autonomy, an independent business gives you the freedom you seek. If you’re more interested in something already designed and tested for success, that won’t require you to create marketing materials, new products, or deal with other…
