Article | May 31, 2021
May is Asian American and Pacific Islander Heritage Month. With the challenges currently facing the AAPI community, there isn’t a better period to reflect on the many positive contributions that AAPI community members contribute to society, culture, and the economy. While AAPIs have the highest rate of business ownership of all minorities, and those businesses account for half of all minority business employment in the United States, AAPI business owners continue to face a unique set of challenges.
Article | April 2, 2020
With nearly $400 billion on the line between the Economic Injury Disaster Loans (EIDL) and the Paycheck Protection Program (PPP), I guess it shouldn’t be a surprise that there would be fraudsters targeting small business owners during these already challenging times. Avoiding small business lending scams and fraud related to COVID-19 requires that you are diligent and on the lookout for grant fraud, loan fraud, and phishing scams.
Article | April 15, 2020
Whether you are the boss of one or many, each employee is important to your small business. Would you rather work on retention, or retraining? According to statistics, more than 3 million people quit their jobs every month, with one-third of those quitting during the first month of employment. Millennials, Generation X, Baby Boomer – they all cite the same reasons for leaving a job. What’s the main reason? If you guessed money, you’d be right, but only partly right. “Money can’t buy happiness,” is an often-used quote, but it’s not the actual quote. It was “Money can buy material things, but real happiness must be truly earned,” which appeared in the William & Mary College quarterly publication in 1792.
Article | March 5, 2020
Running a business is all about staying on top of the most crucial matters while simultaneously giving every aspect the focus and attention it deserves. It means learning how to take advantage of your company’s strengths while ensuring your business gets the exposure it needs to weather the storm. Things can get even trickier when you are running a startup company or a small business, as the slightest mistake could have far-reaching consequences. Fortunately, even inexperienced business owners have a chance to manage a small business without necessarily having to resort to trial and error. There are plenty of successful companies out there to imitate, and there are many ways to achieve success. Here are just a few tips for running a small business successfully!