Tag: small business for sale

Small business gets creative and personal to combat rising inflation

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The latest Main Street quarterly report from the Canadian Federation of Independent Business, covering the first quarter of 2023, indicates price increases have slowed and employment numbers have gradually improved over the past year.AFP/Getty Images

A bookstore was a retirement plan for Cole Davidson and his partner Stephen. Then, during the pandemic, they saw a lot of similar dreams get put on hold.

“We decided that if it’s something we wanted to do,” Mr. Davidson says, “we shouldn’t put it off and we should just go for it.”

They planned for 18 months before

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With Banks Facing Threats, Where Should a Small Business Keep Large Deposits?

Experts say businesses have a lot of options for storing their money safely—and they don’t necessarily involve stashing their cash with “too-big-to-fail” megabanks.

The failures of three medium-sized banks this spring rattled small business owners, who often had deposits in excess of the $250,000 that’s protected by the Federal Deposit Insurance Corporation. Almost two-thirds of small businesses keep their money in small or regional banks, according to an April survey by the National Federation of Independent Businesses. And 70% of business owners said they were at least slightly concerned about the financial health of their banks in the wake of

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KWIECINSKI: Toronto small businesses need construction relief now

Published June 02, 2023 • Last updated 2 days ago • 3 minute read

Queen St construction
Looking eastbound and westbound along the construction corridor that will shut down Queen St. East and West for the next four-and-a-half years to accommodate the building of a section of the Ontario Line subway project on Tuesday May 16, 2023. It is only open to pedestrian traffic. Photo by Jack Boland /Toronto Sun/Postmedia Network

Toronto has witnessed the havoc that lengthy construction projects wreak on small businesses. The Eglinton Crosstown Light Rail Transit (LRT) project has been under construction

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NYC Small Business Owners Feel Optimistic about the Year Ahead Despite Ongoing Economic Volatility, TD Bank Survey Finds

New York, NY, May 23, 2023 – A survey released today by TD Bank, America’s Most Convenient Bank®, found that despite ongoing market and macroeconomic volatility, New York City’s small business owners are still very optimistic about meeting or exceeding their business goals in 2023, following a successful previous year. Nearly all (91%) of respondents across Manhattan, Queens, the Bronx, Staten Island and Brooklyn met or exceeded their revenue goals in 2022.

Business Owners Plan for Growth in 2023

Along with their positive outlook, many small business owners plan to expand in 2023, with more than

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New Data from Block Advisors Reveals Small Business Owners

KANSAS CITY, Mo., May 23, 2023 (GLOBE NEWSWIRE) — In recognition of Small Business Month, Block Advisors by H&R Block (NYSE: HRB) has released data¹ revealing that today’s small business owners are younger and more diverse with clear motivations for pursuing their business ventures. And, despite operating in an uncertain economic environment, small business owners report that the last three months have yielded solid performance, with more than 80% showing high confidence in carrying out day-to-day business tasks. These include billing and accounts receivable tasks, payroll, and timely invoicing – all required for running successful businesses, big or small.

“It’s

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The Major Benefits of Social Media for Small Business Owners

Opinions expressed by Entrepreneur contributors are their own.

Small business owners know the only constant in life is change. Technology has evolved with the times, changing business practices and even what it means to be an entrepreneur. When it comes to selling products or services, it’s hard to turn a blind eye to the benefits of online platforms like social media. While beginners might be intimidated by the algorithms and formulas of Instagram, TikTok, or Facebook at first, learning to harness the power of your digital presence can lead to long-term success.

Crystal Vilkaitis, owner of social media strategy company

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US small business optimism deteriorated in April, the NFIB says

WASHINGTON, May 9 (Reuters) – US small business confidence fell in April on worries about the near-term economic outlook and persistent worker shortages, according to a survey released on Tuesday that also indicated inflation was easing.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index dropped 1.1 points to 89.0 last month. It was the 16th straight month that the index remained below the 49-year average of 98.

The share of owners expecting better business conditions over the next six months fell two points to a net negative 49%. A net negative 19%

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Small business optimism dips to a 12-year low in April


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Summary

Firms remain pessimistic on the economic outlook

The NFIB Small Business Optimism index fell to 89 in April, the lowest reading since early 2013. For historical context, the headline index bottomed out at 91 in April 2020 during the first months of the pandemic. The index hit a record low of 79.7 in 1980 and fell to 81.6 in 2009 during the Great Recession.

While owners are becoming more pessimistic, April’s report should help allay concerns that credit is becoming completely inaccessible for small businesses.

After jumping in March, the net share of firms reporting

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