WELCOME TO The smallbusiness REPORT
A MINIMUM WAGE INCREASE AND SMALL BUSINESS
BARBARA WELTMAN | August 28, 2014
Snuggle Bugz was founded in November 2006 by husband and wife team Ben & Tanya. They started with one retail outlet and a small office in the back room on Fairview Street in Burlington.
Article | April 5, 2020
Many small businesses have a minimal budget when it comes to advertising, and that can hold them back. It’s not impossible, but it takes a lot more consideration as to where and how you spend that money for maximum exposure and benefit. Before the internet, adverts in the phone book or the local newspaper were the norm, as well as traditional methods such as flyers and posters. These days, small businesses are aware of the importance of search engine optimization (SEO) and the need to rank highly on Google, but the reality is that they also need to focus on hyper-local methods of advertising. In this article, we look at a few ways in which you can do this.
In the realm of Hollywood films, if you build it they will come. In the real world, they often won't. The high failure rate of small businesses is well-chronicled. However, there are ways to mitigate risks and maximize your chance at entrepreneurial success. Here are a few tips for ensuring your venture doesn't become a fatal statistic in a hypercompetitive and dynamic marketplace, per interview with Inc.com.
One of the biggest challenges startups and new entrepreneurs face is staying on top of the game. When you don't have many (or any) employees, there is only so much you can do within one workday. Not only is this lack of fingers, eyes, and minds frustrating, but it can be highly detrimental for your business as well. Luckily, nowadays, there are an abundance of tools designed to help you stay sane while conquering the business world. Whether you need a platform for internal communication, assistance with planning projects, or a safe space for all your files and documents, some very creative and clever people have got you covered. Here are a few basic business tools new entrepreneurs can't do without.
Small business owners who have 500 or fewer employees, including self-employed individuals, may be able to benefit from the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was passed last week. One of the most compelling parts of the Act is the “Paycheck Protection Program” (PPP), an emergency lending facility, administered by the Small Business Administration (SBA) to provide small business loans on favorable terms to borrowers impacted by the current state of economic uncertainty. With the Payment Protection Program (PPP loan), Small Businesses can request loans up to 2.5 times the average monthly payroll expense over the previous year (with total loan amount capped at $10M). There are other Small Business loans available as well.
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