Written by Nick Neonakis, Author and CEO of The Franchise MBA This Small Business Saturday, millions of shoppers will come together to support the small businesses that make their community unique. Many believe this tradition is solely for independently owned businesses, but franchises should also be included in the tradition. Why? Because just like any other local business, franchises create jobs, boost the local economy and preserve neighborhoods.
Written by Susan Solovic, THE Small Business Expert Five years ago, American Express launched Small Business Saturday to support and raise awareness for small businesses in local communities. Last year, consumers spent $14.3 billion on what now has become almost a national holiday. This year, participating businesses across America are again hoping for a boost in holiday sales the day after Black Friday.
For many small businesses, the best time to start a business is at the beginning of the year. It makes it easy to organize the books, and it’s the perfect time to get a fresh start. But that doesn’t mean you should postpone pursuing your entrepreneurial dreams until then. By taking steps to secure your business future before the end of the year, you’ll be well ahead of the game by the time Jan. 1 rolls around.
Written by Susan Solovic, THE Small Business Expert The economy is beginning to show signs of recovery; however, small businesses continue to shy away from expansion plans. If your company is struggling to simply maintain your current level of business, a new report finds that landing a big elephant as a customer may be your ticket to growth, and for many, that means becoming a corporate supplier.
For thousands of entrepreneurs, the solution to their small business financing needs lay not in a business loan, but in their retirement funds. Through a process known as a Rollover for Business Start-up (ROBS), business owners with an eligible retirement account (401(k), IRA, 401(b), etc.) can use those funds to invest in their small business or franchise without incurring any tax penalties or getting a loan.