Business Owner
The 8 best options for small business funding
For many small businesses, access to funding can be a matter of life and death. The stakes are especially high given that 18.4% of U.S. businesses fail within the first year, 49.7% after five years and 65.5% after 10 years, according to a LendingTree analysis of data from the U.S. Bureau of Labor Statistics. One […]
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Op-ed: Goldman Sachs CEO David Solomon on what Main Street and the economy need from Congress
Pawel Toczynski | The Image Bank | Getty Images The U.S. economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disruptions — all of them are hitting big business hard and small businesses even harder. And so this week, at Goldman Sachs’ 10,000 Small […]
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Most small business owners don’t do the math on their most valuable asset
Many small company owners don’t know what their enterprise is worth, a practice that can amount to risky business. A whopping 98% of small businesses polled by M&T Bank over the past two years didn’t know the value of their companies. This is especially troubling, given that for most business owners, their company is their […]
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For Americans behind on saving for retirement, a bad stock market can be a good time to invest more
Small business owners are among the Americans most likely to fall behind on saving for retirement. Investing back into a business is more often a priority for entrepreneurs with any excess cash than investing in a long-term tax-deferred retirement plan. Covid didn’t help. Amid the pandemic, scores of America’s small business owners stopped or cut […]
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America’s small businesses aren’t ready for a cyberattack
Some of the highest profile cyberattacks on the U.S. in recent years are alleged to have originated in Russia, including the 2021 attack on the Colonial Pipeline — the largest fuel pipeline in the U.S. — the SolarWinds attack in 2020, and the 2016 hacking into the Democratic National Committee. Since Russia invaded Ukraine in […]
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How grief and burnout pushed this 27-year-old to follow her lifelong dream of opening a bookstore: ‘This was a pipe dream’
When Lucy Yu was 7 years old, she told her mom she wanted to retire and open a bookstore one day. She’d always loved reading and, as the only child raised primarily by her single mother who immigrated from China, turned to books as a source of comfort. Now, at age 27, Yu is living […]
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Stacey Abrams on why companies shouldn’t always speak out on political issues
Companies are under intense pressure to speak out on a variety of political issues at local, state and national levels. Whether it is police action in a city, Disney in Florida, or the likely wave of calls for more business response to the bombshell leak in the Roe v. Wade Supreme Court case, the current […]
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Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is very powerful, even if people know that it’s not really free because someone is paying for it,” Kara Buntin, owner of the Etsy […]
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The co-founders of Talea quit six-figure jobs to work in craft beer: In 2021 alone, they sold 450,000 pints
Nestled in a corner of Williamsburg, Brooklyn, is Talea Beer Co., the first women-founded craft beer brewery in New York City. With their lineup of playful, fruit-forward beers, including “Lunch Date,” “Mango Tango Tart Deco,” and “Overnight Oats Granola Butter,” just to name a few, Talea Beer Co. is hoping to entice a new kind […]
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With Russian sanctions, small companies may be in for a big surprise
U.S. President Joe Biden speaks on developments in Ukraine and Russia, and announces sanctions against Russia, from the East Room of the White House February 22, 2022 in Washington, DC. Drew Angerer | Getty Images Over 400 multinational corporations have pulled out of Russia as a result of its invasion of Ukraine. It’s not only […]
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