5 Business Industries That Will Thrive This Winter
In light of such bleak predictions, there’s still good news to be had for seasonal small businesses. Here are five of the industries that can expect to experience an increase in sales this winter.
What Percentage of Entrepreneurs Are Successful?
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 happiness at 9 or 10 on a 1 to […]
Small Business Study: Lifetime Changes in Small Businesses Challenges
More than half of all American small businesses are less than ten years old. While ten years may not sound like a long time in terms of a career span, a single decade can bring about huge amounts of growth and development for a small business. And, not surprisingly, with different stages of growth come […]
2019’s Top 5 Frozen Yogurt Franchises
2019’s Top 5 Frozen Yogurt Franchise Brands Menchie’s Frozen Yogurt Yogurtland Red Mango TCBY Sweet Frog The frozen yogurt sector overall is expected to grow revenues modestly through 2019, at a forecast 1.6 percent, according to IBISWorld. A look at the financial results for the top five frozen yogurt franchises reflects that slow-growth picture, with […]
Small Business Study: Profitability Through a Business Lifetime
Key Learnings: The likelihood of profitability rises every year a business remains in operation. While the age of the business plays a big role in profitability, the age of the business owner doesn’t. Equity financing methods such as Rollovers for Business Start-ups (ROBS, also known as 401(k) business financing) can help small businesses get profitable […]
The State of Small Business in 2019
To learn about small business trends and life as a small business owner, Guidant Financial partnered with online lending marketplace LendingClub for our annual State of Small Business survey. More than 2,700 current and aspiring business owners across the country responded to questions ranging from their confidence in the economy to obstacles they faced pursuing […]
Top 5 Small Business Funding Challenges and How to Fix Them
Our survey identified 5 common barriers faced by entrepreneurs: not having the cash for a down payment; lack of knowledge about financing options; low credit scores; not approved for a bank loan; and an unwillingness to take on debt to finance a business. Guidant Financial partnered with LendingClub to survey over 2,600 small business owners […]
Small Business Industry Overview: Health and Wellness Spas
Before setting up shop in the Health and Wellness Spa industry, get a closer look at the current trends, cost to entry and shifting audience in this vibrant market. They say that self care isn’t selfish, and this new attitude toward putting one’s physical and mental wellbeing first is likely one of the reasons we’re […]
Most Popular States for 401(k) Business Financing
When it comes to starting a business, more entrepreneurs find that they have an unexpected source to fund their new ventures: their own 401(k). Using funds accumulated over years, entrepreneurs can use 401(k) business financing, also called Rollovers for Business Start-ups or ROBS, to start and fund a new business without triggering penalties or taking […]