Tag: small business insurance

Everything You Need To Know To Secure Financing for Your Brick and Mortar Business

Ridofranz / Getty Images

Ridofranz / Getty Images

Starting a small business is not an easy task, and one of the most significant challenges that small business owners face is securing financing. In this article, everything you need to know to secure financing for your brick-and-mortar business — including the loan application process, the types of loans available, and the factors lenders consider when approving loans — will be outlined.

See: Why Stealth Wealth Is the Best Way To Handle Your Money
Find: 3 Signs You’re Serious About Raising Your Credit Score

The Loan Application Process

Make sure you have a clear business plan

…
Read More

Mental health of small business owners declining says new report

Canadian entrepreneurs’ mental health has declined “significantly” over the past year amid rising costs and poor work-life balance, suggests a new report by the Business Development Bank of Canada (BDC).

The Crown corporation’s survey of some 1,500 small business owners found roughly 45 per cent of respondents reported feeling mental health challenges at least weekly, up seven percentage points from the previous year.

As well, more than half of the entrepreneurs surveyed cited inflation as a source of stress. A similar proportion, roughly 54 per cent, indicated a poor work-life balance was leading to negative mental health outcomes.

“Canadian entrepreneurs

…
Read More

New Strategies to Help Small Businesses Survive a Recession

Opinions expressed by Entrepreneur contributors are their own.

Fifteen years ago, the collapse of the US housing market led to the Great Recession — a prolonged, painful economic downturn that caused businesses to close and people to lose their homes. The Great Recession was particularly disastrous for small businesses. The number of startups founded in the years following the financial crisis plummeted, and 1.8 million small businesses went out of business entirely during the two-year period between December 2008 and December 2010.

In our current environment, many economic observers are sounding the alarm about another potential recession. Inflation, supply chain

…
Read More

Sumter celebrating sacrifices and impact of small businesses

The Sumter Chamber of Commerce is celebrating the impact that small businesses, like Air Solutions and Triple B’s BBQ, have on the community.

SUMTER, SC — It’s Small Business Week, and tonight, Sumter is celebrating the sacrifices and the impact that small businesses have on the community.

Triple B’s BBQ opened its doors at this location on Peach Orchard Road in Dalzell a few months ago. Co-owners Chris and Nicole Armstrong say as a small business, they rely completely on their community’s support.

“It’s like, you have to have it or you won’t live,” Chris shares. “You’ll lose everything you’ve

…
Read More

Sauna Blanket GIVEAWAY – Maria Mind Body Health

Many of you know I LOVE my Bon Charge sauna blanket!

Saunas have been used for centuries as a means of relaxation and wellness. I couldn’t be more excited to do a GIVEAWAY! One of you will WIN my favorite sauna blanket!

IF YOU WIN THE BON CHARGE SAUNA BLANKET GIVEAWAY, THESE ARE SOME BENEFITS:

  1. Improved cardiovascular health

Regular sauna use has been linked to a reduced risk of cardiovascular diseases, such as heart attacks and strokes. The heat generated by the sauna causes the blood vessels to dilate, which increases blood flow and helps to lower blood pressure. This

…
Read More

Unleash small businesses by exempting them from corporate taxes

We’ve got to stop stifling our entrepreneurs by taxing them into the ground and making them jump through countless bureaucratic hoops

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

sign-g7ab933055_1920

Small businesses are often described as the backbone of our economy — and that’s because they are. They develop new products and technologies that drive economic growth and create new jobs. But if small businesses are so important, why aren’t we doing more to support their success and foster even greater growth?

…
Read More

Small business group wants NS to look beyond minimum wage hikes to address poverty

A group representing small businesses is pushing the Nova Scotia government to look beyond minimum wage hikes to address poverty.

“If you want to fix poverty, there’s a whole series of things that [the] government can work on. You could work on the welfare levels,” Louis-Philippe Gauthier of the Canadian Federation of Independent Businesses told a provincial legislative committee on human resources.

The committee met Tuesday at the Nova Scotia legislature to hear from the public and private sectors on labor shortages and the minimum wage.

“Everybody goes back to this default mentality that minimum wage will fix everything,” Gauthier

…
Read More

A local small business owner’s transition from working in finance to being her own boss

An Austin small business owner decided to quit her corporate job and open up learning centers to honor her late sister who was a teacher.

AUSTIN, Texas — The Sylvan Learning Center has been in the Brodie Oaks Shopping Center for more than 30 years. But in December 2020, Susan Fairbairn took over the franchise.

“I’ve had some great successes with this. I’ve also had some lows,” said Fairbairn, executive director, Sylvan Learning. “But the program works. It makes a difference in a child’s life.”

The small business owner acquired the four Austin locations three years ago and currently has

…
Read More