Crystal Cameron-Schaad, DipWSET, proprietor of Crystal Palate in the East Beach neighborhood of … [+] Norfolk, Virginia Courtesy of Crystal Cameron-Schaad, DipWSET Crystal Cameron-Schaad says th...
Tag: Small business
Small businesses fight credit card swipe fees
Sol Dias Ice Cream, in the Dallas metro area, draws in customers with its award-winning mango sorbet and flavors with a Mexican twist like “tequila” and “queso.” The unique fla...
Banks on wheels are temporary solution for underbanked areas
A banking van for the Lower East Side People’s Federal Credit Union parked on the curb of West Tremont Avenue in The Bronx. Rebecca Picciotto | CNBC NEW YORK – Parked on the curb of West Tremont...
Jan. 17 is the deadline for 2022 fourth-quarter estimated tax payments
Constantine Johnny | Moment | Getty Images There’s still time to avoid a penalty if you didn’t pay enough taxes in 2022 — but the clock is ticking. If you are self-employed or receive inco...
Marijuana black market undercuts legal business
A man smokes marijuana during a hip-hop performance at the 11th annual block party held by the Bushwick Collective in Brooklyn, New York, on June 4, 2022. Alex Kent | AFP | Getty Images Thriving, unre...
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit t...
Wall Street thinks inflation peaked. Main Street expects more pain
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty Images More players in the stock market and among the ranks of professional economist...
Fed may wreck one of greatest booms in history of Main Street America
The Census Bureau reported almost 433,000 new business applications in October, up from 313,000 in December 2019, before the Covid pandemic began, and 413,000 as recently as June. Mint Images | Mint I...
Inflation? Recession? Starting Black Friday, America plans to spend
Pedestrians view the holiday windows at the Macy’s Inc. flagship department store in the Herald Square area of New York, U.S., on Thursday, Dec. 2, 2021. Bloomberg | Bloomberg | Getty Images Ame...
Layoffs mount, and Main Street still can’t get anyone to take jobs
A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, May 9, 2022. Mike Blake | Reuters When it comes to salary, small business owner...
How much small business owners should pay themselves
Many small business owners have trouble figuring out an appropriate take-home pay as the company expands, and some don’t pay themselves at all. These mistakes can easily come back to bite the founder ...
Three Keys For Small Manufacturers To Earn More Grant Money
We continue to see an encouraging stream of headlines about government money and investment in manufacturing. Great news, to be sure, but I’ve heard from more than a few small manufacturers struggling...
What the Fed’s big interest rate hikes mean for Main Street economy
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Re...
Cities Should Not Trade Existing Businesses For Potential Development
Jeremy Sark and Marie Dougherty are fighting their South Carolina city for the right to continue … [+] renting moving trucks. Institute for Justice You have probably seen ads on the internet pro...
Small businesses desperate for workers even as companies slow hiring
While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty...
Bethenny Frankel on why good ideas are not enough to be successful
“I truthfully didn’t even know the word entrepreneur. I was in my late thirties, and I didn’t know the word ‘brand,’ I didn’t know the word ‘entrepreneur,'...
Main Street confidence hits all-time low on belief recession is here
Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft la...
Main Street businesses land record $154 billion in federal contracts
The federal government awarded $154.2 billion to small businesses in fiscal year 2021, an $8 billion increase from the previous fiscal year, according to data from the Small Business Administration re...
What Main Street and the economy need from Congress: Goldman Sachs CEO
Pawel Toczynski | The Image Bank | Getty Images The U.S. economy is going through one of the most difficult periods I’ve seen in my 40-year career. Inflation, labor shortages, supply chain disru...
How small businesses are fighting inflation and fear of a recession
Isabel Garcia Nevett is once again making adjustments to her business. After navigating the pandemic and dealing with rising inflation, she’s now thinking about how her Miami-based chocolatier,...
Most business owners don’t do the math on their most valuable asset
Many small company owners don’t know what their enterprise is worth, a practice that can amount to risky business. A whopping 98% of small businesses polled by M&T Bank over the past two yea...
Forget Klarna? Investors bet new startups will in ‘buy now, pay later’
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “spe...
Microsoft finds Gen Z is redefining the idea of work hustle
Inga Kjer | Photothek | Getty Images For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant f...