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How Linda McMahon can revitalize small business in America

MIKE O'DONNELL AND RICHARD EIDLIN | December 19, 2016 | 280 views

Donald Trump’s nominee to lead the Small Business Administration (SBA), Linda McMahon, can actively facilitate job growth and a more robust economy just by leveling the playing field for small businesses. Small companies face big barriers such as federal policies favoring large companies, bank policies restricting access to affordable capital and banking industry consolidation that limits options. Yet small business development can broadly increase incomes and build wealth.

Spotlight

Clearlake Capital Group

Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $55 billion of assets under management, and its senior investment principals have led or co-led over 300 investments.

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SMALL BUSINESS TRENDS

5 Tax-Related Resolutions for Smarter Small Business Accounting in 2020

Article | August 16, 2022

Accountants working with small businesses often play the role of business advisors, especially when it comes to educating their clients about tax regulations and reducing their tax bill by taking all legitimate factors into account. We’ve gathered four tips that accounting professionals can use as a check-list to give to their small and mid-size business owner clients looking to make better financial decisions this year.

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TECHNOLOGY

7 BIGGEST ENTREPRENEURIAL MISTAKES

Article | July 16, 2022

This is the first post in a seven-part-series detailing the biggest entrepreneurial mistakes business owners make. The series will run over the next few weeks so check back to learn more. These are the 7 Biggest Mistakes I have seen entrepreneurs and companies make that can devalue their Intellectual Property (“IP”) portfolio, damage their brand, or sink a deal. If you are considering turning your idea into a business, read this carefully first. There are other mistakes you can make, but these are the deal-breakers. Any one of these can cost you big bucks, credibility in the eyes of investors and potential partners, and ultimately lead to evaporation of the value of your idea.

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SMALL BUSINESS ADVICE, INDUSTRY OUTLOOK

How to Report Revenue on a Small-Business Credit Card Application

Article | July 29, 2022

When filling out the “revenue” portion of a small-business credit card application, you want to make your small business or side hustle look its very best without stretching the truth. But revenue can swing dramatically from year to year, and credit card applications often don’t spell out what you should or shouldn’t include when reporting it. So what counts as an honest, just-the-facts answer? Generally, in credit card applications, issuers want to know your verifiable gross revenue from the previous year.

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Simple Security for Every Small Business

Article | February 10, 2020

If you’re a business owner you really have your hands full, every day, with the minutiae of running your business, balancing your books, orders, employees, scheduling, inventory, servicing customers, payroll, taxes well, you get the idea as you’re living it every day. You might read that and think that I’m crazy, and that you do take security into account, and your office and systems are secure. Frequently, it’s not in the day to day operation of your business which is why we have statistics like this: In the first 6 months of 2019 alone, over 3,800 data breaches were reported, with over 4 billion records being exposed as a result. If you broke it down evenly, that would be over 20 million records stolen every single day this year.

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SMALL BUSINESS TRENDS

A Shift from Offline to Online: The Impact on Small Businesses

Article | August 16, 2022

Accountants working with small businesses often play the role of business advisors, especially when it comes to educating their clients about tax regulations and reducing their tax bill by taking all legitimate factors into account. We’ve gathered four tips that accounting professionals can use as a check-list to give to their small and mid-size business owner clients looking to make better financial decisions this year.

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TECHNOLOGY

Emergence of 5G Presents a World of Opportunity to Small Businesses

Article | July 16, 2022

This is the first post in a seven-part-series detailing the biggest entrepreneurial mistakes business owners make. The series will run over the next few weeks so check back to learn more. These are the 7 Biggest Mistakes I have seen entrepreneurs and companies make that can devalue their Intellectual Property (“IP”) portfolio, damage their brand, or sink a deal. If you are considering turning your idea into a business, read this carefully first. There are other mistakes you can make, but these are the deal-breakers. Any one of these can cost you big bucks, credibility in the eyes of investors and potential partners, and ultimately lead to evaporation of the value of your idea.

Read More
SMALL BUSINESS ADVICE, INDUSTRY OUTLOOK

E-commerce: Creating New Roads for Small Businesses

Article | July 29, 2022

When filling out the “revenue” portion of a small-business credit card application, you want to make your small business or side hustle look its very best without stretching the truth. But revenue can swing dramatically from year to year, and credit card applications often don’t spell out what you should or shouldn’t include when reporting it. So what counts as an honest, just-the-facts answer? Generally, in credit card applications, issuers want to know your verifiable gross revenue from the previous year.

Read More

Simple Security for Every Small Business

Article | February 10, 2020

If you’re a business owner you really have your hands full, every day, with the minutiae of running your business, balancing your books, orders, employees, scheduling, inventory, servicing customers, payroll, taxes well, you get the idea as you’re living it every day. You might read that and think that I’m crazy, and that you do take security into account, and your office and systems are secure. Frequently, it’s not in the day to day operation of your business which is why we have statistics like this: In the first 6 months of 2019 alone, over 3,800 data breaches were reported, with over 4 billion records being exposed as a result. If you broke it down evenly, that would be over 20 million records stolen every single day this year.

Read More
MORE ARTICLES

Spotlight

Clearlake Capital Group

Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $55 billion of assets under management, and its senior investment principals have led or co-led over 300 investments.

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SMALL BUSINESS TRENDS

BILL Extends Its Commitment to SVB-affected SMBs

BILL | March 15, 2023

On March 14, 2023, BILL, a leading financial automation solutions provider for small and midsize businesses (SMBs), announced new offerings for businesses impacted by the recent events involving Silicon Valley Bank (SVB). These new programs are aimed at helping SMBs remain fully operational during this challenging time. BILL's new offerings include programs to enable business continuity for existing customers who are also SVB customers. The first program is BILL balance, a secure and convenient way for customers to store and move funds in order to make quicker payments to vendors to any bank in the US with no additional fees. The second program is pre-approval for a Divvy line of credit, which allows small businesses to quickly pay bills using an existing or new Divvy corporate card. The third program is the ability to connect SVB debit cards to BILL Pay By Card, allowing customers to access their funds immediately and use them to pay vendors. For the next 30 days beginning March 14, BILL will reimburse all pay-by-card transaction fees made with SVB debit cards. In addition to the above three programs, BILL is also offering a new three-month free trial of the BILL platform for any businesses looking to improve control, efficiency and visibility of their financial operations. BILL's core products and services can also assist SMBs in streamlining financial processes, improving financial controls and visibility, and providing users with access to capital. On the BILL platform, SMBs can automate payables and receivables workflows, manage cash in and out with an array of quick and safe payment offerings, and access business credit and control expenses with Divvy's Spend and Expense Management Platform. All of these offerings are part of BILL's ongoing commitment to automating the future of finance so that businesses can thrive, particularly during challenging times like those facing SVB customers. About BILL BILL is a financial automation software company that provides solutions to small and midsize businesses (SMBs) to streamline their financial operations. The company's mission is to automate the future of finance, so businesses can thrive by providing a platform that simplifies and automates financial processes.It offers a suite of products and services that enable SMBs to automate payables and receivables workflows, manage cash in and out, access business credit and control expenses. These services include ACH, card, and international transfers, as well as the ability to store and move funds securely and conveniently using BILL balance. In addition, it integrates with popular accounting software like QuickBooks, Xero, and NetSuite, making it easy for businesses to manage their financial operations in one place.

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SMALL BUSINESS ADVICE

IRIS Software Group Acquire Apex HCM to Expands its US Business

IRIS Software Group | March 02, 2023

IRIS Software Group (IRIS), a leading global provider of accountancy and payroll solutions, recently announced the acquisition of a leading provider of cloud-based HCM enterprise software for Certified Public Accountant (CPA) firms and payroll service bureaus (PSBs), Apex HCM. Apex's software, which was founded in 2008, is utilized by over 250 CPA firms and PSBs across the America to provide payroll services to more than 40,000 small and medium-sized enterprises (SMEs). Its comprehensive HCM suite allows CPAs and PSBs to provide their SME clients with recruiting, onboarding, time and attendance, and benefits administration software through a cloud-native platform. The acquisition of Apex is a significant step in IRIS' international expansion. The combined business provides payroll services to more than one million employees and 130,000 SMBs in the United States and Canada. "We are delighted to welcome Apex to the IRIS family. This acquisition continues our successful journey providing leading software to PSBs and CPA firms – a market which IRIS has been serving for decades in the UK and we are rapidly expanding in the Americas region," said Elona Mortimer-Zhika, CEO of IRIS. (Source – Business Wire) The announcement follows a prosperous year of expansion for IRIS across the Americas. IRIS achieved a 28 percent increase in sales in 2022 as it successfully executed its ambition to supercharge the company's operations in the U.S. through mergers and acquisitions, innovation, and senior hiring. AccountantsWorld, myPay Solutions, Conarc, and Doc.it are among recent strategic acquisitions. About IRIS Software Group Headquartered in Slough, Berkshire, IRIS Software Group is one of the largest privately held software organizations in the United Kingdom and a global provider of mission-critical software. IRIS provides finance, HR, and payroll teams, educational institutions, and accounting firms with software solutions and services that streamline operations and allow professionals to focus on their passions. By streamlining, automating, and offering insights on routine mission-critical processes for businesses of all sizes, IRIS ensures that its customers can look to the future with clarity and confidence.

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TECHNOLOGY, SMALL BUSINESS TRENDS

HG Insights Adds Small and Midsize Businesses to Flagship Platform

HG Insights | February 24, 2023

On February 23, 2023, HG Insights®, a global leader in Technology Intelligence, announced the enhancement of its flagship platform by introducing the Small Business Data Set, enabling users to gain a broader perspective of their target markets, including both large businesses and small and midsize businesses. This update will help companies to develop comprehensive targeting strategies. Following Platform 2.0 in July 2022, HG's clients have been empowered to gain valuable insights, make informed decisions regarding their markets, and develop effective organizational strategies with increased accuracy and certainty. HG Insights' inclusion of the Small Business Data Set in its platform without any additional charges to customers is a key component of the firm's plan to leverage its offline insights to enable GTM teams to identify new business prospects and facilitate decision-making across various departments within an organization. Some benefits of integrating the Small Business Data Set are: Curated for small business coverage: HG Platform's inclusion of small and midsize businesses is ensured by carefully selecting data from billions of records. Doubling the records: The existing data set on the HG Platform has been updated with 780,000 new small and midsize business records. Additional coverage: The data set comprises information from over 200 countries, 7.4 million global product installations, and 1.1 billion contextual intent signals. Quality data-driven insights: This data has been filtered to remove irrelevant information, enabling customers to develop effective sales strategies for their small and midsize business markets. CTO of HG Insights, Robert Fox, said, "We continue to expand HG Insights' market-leading Technology Intelligence through the most recent addition of our small and midsize business data set." He added, "Building on the value provided through the HG Platform experience, we continue to expand insights for small and midsize companies and unlock value throughout these markets. I am pleased to bring this additional value to our customers as we continue to deliver Technology Intelligence that fuels customer growth." (Source – Businesswire) By integrating the Small Business Data Set, customers can use the HG Platform to identify market opportunities in small and midsize businesses and maximize potential revenue streams. About HG Insights® HG Insights® is a technology intelligence company that provides organizations with data-driven insights to make informed business decisions. It specializes in providing market intelligence and competitive analysis to technology companies to help them identify and target potential customers and optimize their sales and marketing efforts. The company uses advanced data analytics and machine learning technologies to gather and analyze data from various sources, including social media, news articles, and public databases. Its products and services include market intelligence, predictive analytics, technographic data, and consulting services. Headquartered in Santa Barbara, California, HG Insights serves clients from various industries, including IT, healthcare, finance, and manufacturing.

Read More

SMALL BUSINESS TRENDS

BILL Extends Its Commitment to SVB-affected SMBs

BILL | March 15, 2023

On March 14, 2023, BILL, a leading financial automation solutions provider for small and midsize businesses (SMBs), announced new offerings for businesses impacted by the recent events involving Silicon Valley Bank (SVB). These new programs are aimed at helping SMBs remain fully operational during this challenging time. BILL's new offerings include programs to enable business continuity for existing customers who are also SVB customers. The first program is BILL balance, a secure and convenient way for customers to store and move funds in order to make quicker payments to vendors to any bank in the US with no additional fees. The second program is pre-approval for a Divvy line of credit, which allows small businesses to quickly pay bills using an existing or new Divvy corporate card. The third program is the ability to connect SVB debit cards to BILL Pay By Card, allowing customers to access their funds immediately and use them to pay vendors. For the next 30 days beginning March 14, BILL will reimburse all pay-by-card transaction fees made with SVB debit cards. In addition to the above three programs, BILL is also offering a new three-month free trial of the BILL platform for any businesses looking to improve control, efficiency and visibility of their financial operations. BILL's core products and services can also assist SMBs in streamlining financial processes, improving financial controls and visibility, and providing users with access to capital. On the BILL platform, SMBs can automate payables and receivables workflows, manage cash in and out with an array of quick and safe payment offerings, and access business credit and control expenses with Divvy's Spend and Expense Management Platform. All of these offerings are part of BILL's ongoing commitment to automating the future of finance so that businesses can thrive, particularly during challenging times like those facing SVB customers. About BILL BILL is a financial automation software company that provides solutions to small and midsize businesses (SMBs) to streamline their financial operations. The company's mission is to automate the future of finance, so businesses can thrive by providing a platform that simplifies and automates financial processes.It offers a suite of products and services that enable SMBs to automate payables and receivables workflows, manage cash in and out, access business credit and control expenses. These services include ACH, card, and international transfers, as well as the ability to store and move funds securely and conveniently using BILL balance. In addition, it integrates with popular accounting software like QuickBooks, Xero, and NetSuite, making it easy for businesses to manage their financial operations in one place.

Read More

SMALL BUSINESS ADVICE

IRIS Software Group Acquire Apex HCM to Expands its US Business

IRIS Software Group | March 02, 2023

IRIS Software Group (IRIS), a leading global provider of accountancy and payroll solutions, recently announced the acquisition of a leading provider of cloud-based HCM enterprise software for Certified Public Accountant (CPA) firms and payroll service bureaus (PSBs), Apex HCM. Apex's software, which was founded in 2008, is utilized by over 250 CPA firms and PSBs across the America to provide payroll services to more than 40,000 small and medium-sized enterprises (SMEs). Its comprehensive HCM suite allows CPAs and PSBs to provide their SME clients with recruiting, onboarding, time and attendance, and benefits administration software through a cloud-native platform. The acquisition of Apex is a significant step in IRIS' international expansion. The combined business provides payroll services to more than one million employees and 130,000 SMBs in the United States and Canada. "We are delighted to welcome Apex to the IRIS family. This acquisition continues our successful journey providing leading software to PSBs and CPA firms – a market which IRIS has been serving for decades in the UK and we are rapidly expanding in the Americas region," said Elona Mortimer-Zhika, CEO of IRIS. (Source – Business Wire) The announcement follows a prosperous year of expansion for IRIS across the Americas. IRIS achieved a 28 percent increase in sales in 2022 as it successfully executed its ambition to supercharge the company's operations in the U.S. through mergers and acquisitions, innovation, and senior hiring. AccountantsWorld, myPay Solutions, Conarc, and Doc.it are among recent strategic acquisitions. About IRIS Software Group Headquartered in Slough, Berkshire, IRIS Software Group is one of the largest privately held software organizations in the United Kingdom and a global provider of mission-critical software. IRIS provides finance, HR, and payroll teams, educational institutions, and accounting firms with software solutions and services that streamline operations and allow professionals to focus on their passions. By streamlining, automating, and offering insights on routine mission-critical processes for businesses of all sizes, IRIS ensures that its customers can look to the future with clarity and confidence.

Read More

TECHNOLOGY, SMALL BUSINESS TRENDS

HG Insights Adds Small and Midsize Businesses to Flagship Platform

HG Insights | February 24, 2023

On February 23, 2023, HG Insights®, a global leader in Technology Intelligence, announced the enhancement of its flagship platform by introducing the Small Business Data Set, enabling users to gain a broader perspective of their target markets, including both large businesses and small and midsize businesses. This update will help companies to develop comprehensive targeting strategies. Following Platform 2.0 in July 2022, HG's clients have been empowered to gain valuable insights, make informed decisions regarding their markets, and develop effective organizational strategies with increased accuracy and certainty. HG Insights' inclusion of the Small Business Data Set in its platform without any additional charges to customers is a key component of the firm's plan to leverage its offline insights to enable GTM teams to identify new business prospects and facilitate decision-making across various departments within an organization. Some benefits of integrating the Small Business Data Set are: Curated for small business coverage: HG Platform's inclusion of small and midsize businesses is ensured by carefully selecting data from billions of records. Doubling the records: The existing data set on the HG Platform has been updated with 780,000 new small and midsize business records. Additional coverage: The data set comprises information from over 200 countries, 7.4 million global product installations, and 1.1 billion contextual intent signals. Quality data-driven insights: This data has been filtered to remove irrelevant information, enabling customers to develop effective sales strategies for their small and midsize business markets. CTO of HG Insights, Robert Fox, said, "We continue to expand HG Insights' market-leading Technology Intelligence through the most recent addition of our small and midsize business data set." He added, "Building on the value provided through the HG Platform experience, we continue to expand insights for small and midsize companies and unlock value throughout these markets. I am pleased to bring this additional value to our customers as we continue to deliver Technology Intelligence that fuels customer growth." (Source – Businesswire) By integrating the Small Business Data Set, customers can use the HG Platform to identify market opportunities in small and midsize businesses and maximize potential revenue streams. About HG Insights® HG Insights® is a technology intelligence company that provides organizations with data-driven insights to make informed business decisions. It specializes in providing market intelligence and competitive analysis to technology companies to help them identify and target potential customers and optimize their sales and marketing efforts. The company uses advanced data analytics and machine learning technologies to gather and analyze data from various sources, including social media, news articles, and public databases. Its products and services include market intelligence, predictive analytics, technographic data, and consulting services. Headquartered in Santa Barbara, California, HG Insights serves clients from various industries, including IT, healthcare, finance, and manufacturing.

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