When you work for a large company, decisions about saving for retirement are often made for you—your employer likely offers some sort of savings account that provides tax benefits for you to save for retirement, and may even match any contributions you put into that account. But when you’re a small business owner, you have to navigate the retirement savings process alone, which can be stressful. It may seem even trickier if you have employees and need to set up a plan by yourself. But there is a lot of good news:You have MORE options than does the average large corporation. There...
Insights into the world of small business lending and development
This is the second post in a series on how you can turn your dream of owning a small business into a reality. If you missed Part 1 in the series, you can find it here. Check back each week for new posts.
There are many excellent reasons for starting a business: being your own boss, loving what you do and enjoying the challenge of getting your enterprise up and running. But at the end of the day, you need your business to make money. Now that you know that your business idea has legs, it’s time to see if your business makes sound financial sense.
Starting any business costs mon...
Venturize is excited to announce a new partnership with CO.STARTERS, a network that helps communities build thriving entrepreneurial ecosystems by equipping them with strategy, tools and resources. You can now find their locations on our resource map. Kamiya and Tess are just one of many success stories to come out of a CO.STARTERS program, and you could be their next.
Denver student Kamiya Willoughby is challenging preconceived notions about a popular type of food that is often construed as unhealthy and unsophisticated.
“Soul food is a legitimate cuisin...
This post originally appeared on the blog of our partner, CAMEO
Women-owned businesses with revenues between $250,000 and $5 million struggle to find the loans they need to grow their businesses – that’s according to a new survey of women business owners about their capital needs by Invest in Women Entrepreneurs Initiative (I-WE). Thus, an undercapitalized group of successful and established women entrepreneurs don’t have access to the financial tools they need to grow their businesses, create jobs, and contribute to our country’s economic output.
This is the first post in our new series about how you can turn your dream of owning a small business into a reality. Check back each week for new posts.
Congratulations! You have a great idea for a new business and want to start your journey as an entrepreneur. But starting a business can seem like a daunting task and you might need some help figuring out if you’re ready to turn your idea into a reality. Read on for tips to help you determine if your business idea has legs.
Validate your idea
Before spending any money on starting a business, do your homework....
This post originally appeared on the blog of our partner, CDC Small Business Finance.
If you’re on the hunt for a small business loan, how much you’ll pay in interest for affordable financing depends on several financial moving parts, from your credit score to the type of lender you work with.
Instead of going to a traditional bank, you can opt to get a business loan through a community-based lender where loan requirements are not as strict and rates are affordable. Interest rates vary from community lender to community lender. At CDC Small Business Finance, as...
This post originally appeared on the blog of our partner, Nav.com.
Leslie Saul & Associates, Inc. is an architecture and interior design firm based in Cambridge, Massachusetts that primarily services the greater Boston and Miami areas. The business focuses on renovations including offices, restaurants, retail stores, senior living facilities, private homes, universities, churches, and synagogues, among many other building types. Founder Leslie Saul says that having such a broad practice has helped her maintain a business for more than 26 years. Additionally, her attention t...
In celebration of our new partnership with America’s SBDC, Venturize co-hosted a Twitter chat during National Small Business Week to talk about the top tips and resources to help small businesses and aspiring entrepreneurs become loan ready. We were happy to be joined by our friends at Intuit QuickBooks, the New Jersey Business Action Center, Small Business Majority, BIGG Success and BizBuySell. There were also a number of SBDCs that participated, including the Arkansas Small Business and Technology Development Center, New York SBDC, University of Minnesota Center for Economic Development a...
This is the second post in a series on the basics of small business finances. Check out our first post on small business bank accounts, and stay tuned for future posts in this series, including information about bookkeeping.
Hopefully, you’ve read our first post about navigating your small business finances and learned why it’s important to open a small business bank account to keep your personal and business accounts separate. Just like with bank accounts, a small business credit card is an important component of establishing good financial practices for your small business.
This blog was originally posted on the website of Small Business Majority.
In honor of National Small Business Week, we asked several members of our national Small Business Council to share their expert advice on starting and running your own business.
Our panel includes
Harland Henry: CEO and founder of SunBiz Showcase Alliance, an economic and community development advocacy company focused on the development of small enterprises based in Tampa, Florida.
Jessica Jolly: Founder of ALT-Enter, a Chicago-base...
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