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As a business owner, the thought of doing accounting for your business may be more intimidating than the prospect of owning a business. But accounting doesn’t have to be intimidating.  By knowing what you need to do and getting some guidance on how to do those things, you can be performing accounting tasks for your business in no time.  Read more ……

Before exploring how a round of funding works, it’s necessary to identify the different participants. First, there are the individuals hoping to gain funding for their company. As the business becomes increasingly mature, it tends to advance through the funding rounds; it’s common for a company to begin with a seed round and continue with A, B and then C funding rounds. Read more ……

Starting your own company can be a daunting but rewarding process. While a great business plan is crucial for founders, financing is one of the most important elements a company needs to succeed.  However, financing a startup or small business can be a difficult, drawn-out process, especially for those with poor credit. While there is no standard minimum credit score you must have to get a business loan, traditional lenders have a range they consider acceptable. Read more ……

The Paycheck Protection Program is getting a reboot as part of Congress’s latest coronavirus stimulus package. The $900 billion deal includes $284 billion for PPP, which will reopen after closing in August. Much like the program’s first iteration, the aid will be in the form of forgivable loans to small firms, but there will be some key changes on issues such as eligibility for second-time applicants and types of forgivable expenses. Here’s what we know so far.  Read more……

In Washington on Tuesday to meet with small businesses, Goldman Sachs CEO David Solomon told Axios that some of the survival pivots entrepreneurs have made in the past year will last past the pandemic.  What he’s saying: “A lot of small businesses have had to make some investment in digitization and technology to connect to their customers more digitally than directly,” Solomon said. “Some of that will last and will help their businesses.” Read more……

If you’re running a small business, then you might think your environmental impact is inconsequential. But the people buying your products don’t see it that way. Faced with compounding environmental crises, consumers are starting to vote green with their wallets. Businesses of all shapes and sizes need to continually analyze consumer sentiment because as people learn more about climate change and its effects, they are changing their buying habits. Read more…...

The slew of potential advantages in establishing and managing a business as a family is plain to see. In my experience, those with familial ties will generally share a strong bond of trust and coordination, a common long-term vision and, therefore, a high degree of stability born from this interconnectedness of its owners. Read more……