Category: Small Business

Small-business owners say federal government is failing to meet their needs: survey

More than two-thirds of small-business owners said in a Goldman Sachs survey that the federal government is failing to meet their needs.

The survey, published on Sunday, found that 70 percent of small-business owners surveyed gave the federal government a C grade or below on the effectiveness of the programs, services and tax credits available to them.

Only 16 percent gave the federal government a B or higher.

Eighty-five percent of small-business owners surveyed also gave the federal government a grade C or below for the job it does when it comes to marketing and communicating about the programs, services

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7 Tips to Start a Small Business as a Fresh College Graduate

Opinions expressed by Entrepreneur contributors are their own.

As a recent college graduate, you have your degree and possibly some experience from an initial job or internship. But now, you’re interested in acting on your entrepreneurial ambitions and starting your own business.

Starting a small business is an increasingly popular option for young people — 17% of college graduates run their own businesses while they’re still in college, and another 43% plan to do so shortly after graduating.

Of course, starting your own business is a lot of work and comes with a huge learning curve. Let’s look at seven

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Economic pressures proving too much for some small town businesses

Some small businesses in towns and cities around Calgary are struggling to survive in the current economic climate, with some deciding to close their doors for good.

Everything from inflation and the cost of living to energy and fuel costs, twinned with bigger insurance and wage bills are squeezing some stores out of business.

Lindsey Cybulskie opened her locally-focused gift and homewares store, Homegrown House and Pantry, in Airdrie, Alta. in 2018.

She says a large and sustained drop in sales is forcing her to close.

“Even with COVID, there was a huge wave of local shops, so we had

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Measuring Inflation’s Impact On Small Businesses

It’s no secret that the pandemic took its toll on small business owners, but until now the true economic impact has not been measured. Biz2Credit recently published the results of its Small Business Inflation Study that analyzed the revenues and expenditures of more than 140,000 US small businesses from January 2019 to October 2022.

The Biz2Credit Small Business Inflation Study identified three distinct phases:

1. The pre-pandemic phase up to Q1 2020.

2. The initial waves of the COVID pandemic before mass vaccination in the first quarter

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Allen Harris: How can ChatGPT help small businesses? | business







chat gpt screenshot

ChatGPT is good at being creative, but you can’t count on the same answer every time because it changes. Its answers evolve — as a human’s response would if not sticking to a written script.




ChatGPT, a large language model developed by OpenAI, can assist small businesses in a variety of ways, including content creation, customer support, data analysis, and virtual assistance. By using ChatGPT, small businesses can reduce their workload and improve their operations, allowing them to focus on growing their business.

Content creation is one of the most important ways that ChatGPT can help small businesses.

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DoD releases Small Business Strategy > Air Force > Article Display



WASHINGTON (AFNS) —

The Department of Defense released its Small Business Strategy Jan. 26. The strategy promotes a strong, dynamic, and robust small business industrial base by focusing on reducing barriers to entry, increasing set-aside competitions, and leveraging programs to grow the industrial base.



“From manufacturers providing the critical parts that we need for our arsenal – to technology companies developing innovative systems and capabilities – small businesses are vital along the entire spectrum of the Department’s needs,” Deputy Secretary of Defense Dr. Kathleen Hicks said. “Reducing barriers and creating more opportunities for small businesses

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Readout of Roundtable on Capital Access for Small Businesses

Yesterday, the Administrator of the Small Business Administration (SBA) Isabel Guzmán, the Deputy Secretary of the Treasury Wally Adeyemo, American Rescue Plan Coordinator Gene Sperling, and Deputy Director of the National Economic Council Bharat Ramamurti were joined by US Senator John Hickenlooper (D -CO) and small business leaders, advocates, and mission lenders with particular expertise in reaching minority small businesses to discuss the Biden-Harris Administration’s small business agenda to expand capital access, including newly proposed rules from the SBA and historic investments by the Treasury Department in CDFIs. The group includes non-profit mission lender groups, Community Development Financial Institutions (CFIs),

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