Helping Businesses Grow & Succeed
Banesco USA will be offering low-interest commercial loans to Miami-area companies, mainly minority-owned small businesses. The Coral Gables-headquartered bank, which focuses on commercial lending in South Florida and Puerto Rico, received a $250 million capital injection from the U.S. Treasury. With that money it will increase lending to small and […]
The Florida Small Business Development Center (FSBDC) at Florida International University’s College of Business (FIU Business) has been recognized as the Florida SBDC Network Center of the Year for 2022. In 2021 the FSBDC at FIU assisted 2,050 clients, providing over 20,660 consulting hours. FSBDC at FIU consultants also led the state network in access […]
It’s official – the next generation of small and medium-sized businesses is here, and they are on the rise. Riding on the back of the 2020 work-from-home revolution, digital acceleration, and the great resignation, we saw a new type of founder (and a new type of SMB) rise from the […]
By Dileep Rao – Guest Contributor The conventional wisdom is that there are two kinds of entrepreneurs: · Small-Midsized Business Owners (SMB): They comprise the bulk of entrepreneurs · Unicorn-Starters (U-Starters): This type uses the Silicon-Valley-style venture-development method to build a unicorn with capital-as-a-weapon. It seeks first-mover ideas, minimum viable products (MVP), product-market combinations, angel […]
Why do you need to improve the systems you are using? You know the saying: You don’t want to be working in your business, you want to be working on your business. To create or improve your systems and processes, you need to get your mind on what you need […]
Small businesses are gloomy about their future, with an index of future expectations plunging to a 48-year record low. The top concerns: Inflation and worker shortages. The National Federation of Independent Business optimism index stood at 93.2 in April. The net share of owners expecting better business conditions in the […]
Adriana Madrinan, a consultant at Florida SBDC at FIU who specializes in growth strategy, business models and innovation, said she started talking about reinvention at the beginning of the pandemic, and two years later “we are still talking about it.” As an SBDC consultant, she still gets as many questions about pivoting […]
In a major investment in Miami-Dade County’s small business community, Wells Fargo announced today a $20 million grant to the Miami Foundation. Through the grant, the Miami Foundation’s largest grant ever, the nonprofit foundation will use the funding to support diverse small businesses and nonprofits through a combination of grants, […]
If your small business is experiencing supply chain interruptions, you are not alone. Not a week goes by that I don’t hear about another small business experiencing supply chain issues. Miami Foods, an industrial bakery in Hialeah couldn’t get shaved coconut. This is an issue: Miami Foods only makes desserts […]
Supply chain issues mean small businesses are raising prices, the highest levels since 1979. The so-called Great Resignation of 2021 is hitting small businesses too. A record number of U.S. small businesses reported that they raised salaries last month in order to attract and retain their employees, according to a […]