Tag: examples of small businesses

5 Strategies for Small Businesses to Become Stronger Than Ever

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As 2023 races ahead, many small business owners are looking for solutions to help keep their businesses afloat and compete in an ever-changing business landscape. The challenge can be complex but not impossible. With the right strategies, small business owners can successfully navigate these uncertain times and grow stronger.

Small businesses are a vital part of our economy, but staying ahead of the competition can be difficult for even the most experienced entrepreneurs.

Related: 4 Trends All Small Business Owners Should Be Aware of in 2023

1. Know your business better than

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How to apply for a small business loan at a bank

A loan officer meeting with two middle-aged clients.

alvaro gonzalez/Getty Images

If your business is ready to grow, you may consider a small business loan. Many small business owners lean toward banks because they may offer larger amounts, lower rates and more hands-on support loans than online lenders.

Your business needs to meet certain requirements and you’ll want to find the right bank to be your lender. Here’s everything you need to know about how to get a business loan from a bank.

1. Check your business and personal credit scores

The bank will likely check you business credit score and the personal credit scores of any business

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How open banking will remove traditional barriers for small-business owners

Like many of the “buzzy” innovations that came before it, it’s hard to comprehend the impact open banking will have in its current, early iteration.

Darrell MacMullin, senior vice-president of product and platform for Mastercard Canada, likens it to the hype around cloud computing, mobile technology and artificial intelligence before they became more commonly known to everyday Canadians.

“Cloud only became interesting when streaming services could start doing streaming, and suddenly people could see the power of it,” he explains. “The same thing is happening with open banking. We’re talking about the infrastructure right now, but it’s the applications and

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American Express delinquencies on consumers, small business card member loans tick up in February

American Express Co. AXP,
-3.07%
disclosed Wednesday February data on delinquencies for its US consumer and small business card member businesses, which showed an increase from the last two months. For consumer card members, the number of loans that were 30 days past due, as the percentage of total loans, was 1.1% in February, up from 1.0% in both January and December. The net write-off rate was 1.4% in February, which is down from 1.5% in January but up form 1.2% in December. For small business card members, the delinquency rate increased to 1.1% in February from 1.0% in January

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Almost Half of Small Businesses Struggle to Fill Open Jobs

Amid the tightest labor market in decades, small businesses across the US are grappling with worker shortages and struggling to fill open positions.

Close to half or 47% of small businesses have job openings they can’t fill, according to the latest monthly jobs report by the National Federation of Independent Business (NFIB).

More than half or 60% of small business owners said they were hiring or trying to hire in February, up three points from January. However, 30% reported there were few qualified applicants for the positions they were trying to fill, and 24% said there were no applicants at

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Tips and Tools for Success – PHE America

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Education continues to evolve offering students an assortment of opportunities to earn college credit while still attending high school. In the state of Idaho, the Fast Forward Program provides students attending public schools access to $4,125.00 to help pay for dual/concurrent enrollment credits, Advanced Placement College Board, and Professional Technical Education exams and overload course fees. Dual/concurrent enrollment is a collaborative partnership between higher education and high schools to provide college courses for high school students. The high school instructors are pre-approved by the college/university academic departments to deliver college-level courses.

A fundamental component of this partnership is that the

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Small Business Hosting Workflows

In today’s digital age, small businesses need to be able to keep up with the ever-changing environment in order to remain competitive. This is why many of them have turned to new hosting solutions that provide innovative ways for them to streamline their workflows and maximize their productivity. Small business hosting services can be done through a variety of platforms, such as cloud computing and virtual private servers (VPS).

Cloud computing allows businesses to access their data from anywhere and at any time, while VPS allows them to scale up or down depending on their needs. Both of these solutions

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