By Gerri Detweiler – Guest Contributor A Trade Reference is a report detailing the payment history between a business customer and its supplier or vendor. Trade references may be supplied verbally, in the form of a trade reference letter, or by reporting payment history to commercial credit reporting agencies such […]
Education
Interested in Opportunity Zones? We have some resources for you
“Opportunity Zones” — everybody seems to be talking about it these days. If you’ve been wondering what this investment tool is all about, you’ve come to the right place. What are Opportunity Zones? Created by the 2017 Tax Cuts and Jobs Act, Opportunity Zones are an important economic development tool […]
10,000 Small Businesses: Now 526 companies strong and growing to help South Florida entrepreneurs
The Goldman Sachs 10,000 Small Businesses at Miami Dade College program has been helping small businesses grow since the first of its 16-week training programs launched in early 2014. In late August, the entrepreneurship program kicked off its 20th cohort. So far, 526 companies have graduated from the local […]
Grit, pivots and a rallying cry: How MBF and its small business clients navigate this crisis
Michael Sellinger of Miami Bayside Foundation recalls the early days of the COVID-19 crisis checking in on small business clients and offering MBF’s help. Bayside is a nonprofit organization that mentors, holds training programs, and facilitates loans for small businesses in Miami’s underserved communities. His message: “There is nothing you can […]
Key Employee Coverage: 5 options to consider for your business continuity planning
By Andrew Latham, Guest Contributor / Nav Life insurance is not just for people. Many companies benefit from buying life insurance for key employees as part of their business continuation and succession planning. Seven out of 10 small businesses surveyed by the National Association of Insurance Commissioners said they were […]
2 new resources for acceleration and funding in the F&B industry
GrowBiz aims to keep you up to date on opportunities and resources for South Florida small businesses navigating the economic impact of COVID-19. Here are a couple for the food/beverage and hospitality industry. FREE 6-WEEK INCUBATOR OFFERS TRAINING FOR FOOD BUSINESS SUCCESS Do you operate a food-based business in South […]
10 tools that keep small business owners organized and productive
By Gerri Detweiler – Guest Contributor We’ve all got our own favorite tips, tricks, and tools that help us organize our task lists, assign projects, and manage deliverables. Today, there are more apps and software programs geared toward business owners than ever. I interviewed 10 entrepreneurs to find out what […]
5 simple ways to organize your small business finances
By Gerri Detweiler – Guest Contributor Credit scores are often seen as the number one obstacle preventing small businesses from getting financing. But disorganized financials may be equally to blame. In today’s challenging economic environment in particular, lenders want to make sure your business is viable and will be able […]
Dental practice begins its recovery with PPP funding, a new strategy and expert guidance
South Florida dentist Nolyris Alvarez is cautiously optimistic. Her dental practice, Oral Facial Comprehensive Care, has begun a slow recovery from the COVID-19 crisis. Payment arrangements are set with creditors. Patients are going to the dentist again. Many of her employees returned. But costs continue to increase, and monthly billings […]
Cellular retailer turns to Florida SBDC at FIU to develop a ‘new normal’ strategy
UNICOMM Paging & Cellular, considered an essential business, wasn’t ordered to close amid the coronavirus pandemic. But it may as well have, as stay-at-home orders kept customers away and sales plummeted? “Our company is brick and mortar retail, and we depend on door swings,” said Sam Brejt, CEO of UNICOMM. […]