Helping Businesses Grow & Succeed
You’re not alone, small business owners. Nearly three-fourths of small businesses expect to increase sales in the next six months yet are having trouble filling their job openings, according to a new national survey of small businesses conducted in August by PNC. Even though, nationally, job openings are at their […]
What’s the No. 1 reason small businesses fail? Cash flow, not lack of profits. About 80% of small business failures happen because of poor cash-flow management. Ray Juncosa, a consultant at Florida SBDC at FIU and a finance specialist, says he hears it all the time from his clients: “They say ‘we […]
Call for applications for 10,000 Small Businesses: The Goldman Sachs 10,000 Small Businesses at Miami Dade College program is looking for applicants for its January 2022 cohort. The free 12-week program is designed to help business owners, and the program includes a Babson-designed entrepreneurship curriculum and a wealth of one-on-one advice, clinics, and networking opportunities. Applications […]
In Miami, a coalition of funders, leaders and local Community Development Financial Institutions came together to ensure that as many of our small businesses as possible would survive the pandemic. The RISE Miami-Dade Fund (RISE), which the Miami-Dade Board of County Commissioners seeded with CARES Act funding, distributed $20 million to […]
We checked in on a few of the small businesses we followed during the pandemic. They have survived, and dare we say it, thrived because of the steps they took and pivots they made during the pandemic, sometimes painful, to get through it. These are just a few of the […]
Fees can add up when obtaining an SBA small business loan. Here’s some good news on that front. Starting Oct. 1, 2021, through Sept. 30, 2022, the US Small Business Administration will waive both the upfront guaranty fee on the 7a, Express and EWCP loans, among others, as well as the ongoing servicing fee, for amounts up […]
There’s good news and bad news in the latest NFIB Small Business Optimism survey. First off, there is still a lot of uncertainty out there: The NFIB Uncertainty Index decreased seven points to 69, the lowest level since January 2016. “As the economy moves into the fourth quarter, small business owners are […]
Ray Juncosa, a consultant at Florida SBDC at FIU and an expert in business finance and access capital, doesn’t mince words. “If you don’t have a grasp of your finances, it will be difficult to succeed,” he tells small businesses. As a small business owner, you need to understand your […]
It’s been nearly three years since Florida International University launched StartUP FIU Procurement to help minority-led small businesses grow and navigate the world of government and anchor institution contracting. Let’s check in with StartUP FIU Procurement Director Barbara Cotto and see how they are doing. The small business incubator was […]
How do you balance what your business requires to safely sell products overseas against the needs of your foreign buyers? Many firms struggle to capture foreign sales, simply because they are unaware of the options available. As an exporter, you face risks most businesses never consider. Banks often hear “export” […]