Helping Businesses Grow & Succeed
The “R word” is back. A growing number of economists and business forecasters are raising the likelihood of a recession. I know, I know, here in Florida we just escaped a hurricane and now we are talking about recessions? But recessions hit smaller companies much harder than larger ones, so […]
Before he opened his retail store, Eric Wooden designed his own line of urban graphic t-shirts on nights and weekends and sold them from the trunk of his car. On weekends, Wooden attended trade shows and knocked on a lot of doors of Miami retailers, finally winning his first wholesaling […]
When Corina Jimenez’s doctor in Venezuela urged her to cut dairy from her diet, she explored options for satisfying her sweet tooth. She didn’t like what she found out there – eating healthy shouldn’t mean sacrificing taste, she believed. So Jimenez did what others in her entrepreneurial family would do: […]
An interesting young company offering franchises for the first time might sound like a sexy opportunity, but buyer beware. With franchising, you are buying into a proven business model – it’s one of the key benefits of franchising. Because 70% of startup companies fail, your risk rises fast with younger […]
It’s a growing problem: Small businesses are getting in over their heads with debt, often brought on by the use of online lenders that typically charge higher rates and can require shorter payback periods than banks and other alternatives. Because traditional bank loans are difficult for many small businesses to […]
Small business owners, what keeps you up at night? If it is finding workers or managing your debt, you’re not alone. Finding qualified workers to fill open positions continues to be the top worry of Florida’s small business, according to a Florida Chamber of Commerce’s Third Quarter Small Business Index […]
This just in: The U.S. Small Business Administration announced that the federal government exceeded its small business federal contracting goal for the sixth consecutive year in 2018, awarding 25.05% in federal contract dollars to small businesses. That totaled $120.8 billion, an increase from the previous fiscal year of nearly $15 […]
Alternative financing options are on the rise and more small businesses are seeking them, according to results from the Q2 Private Capital Access Index from Dun & Bradstreet and Pepperdine Graziadio Business School. Here are some of the findings: Thirty-four percent (34%) of respondents attempted to raise bank financing in […]
South Florida small businesses, you are an optimistic bunch about your own businesses. In fact, your outlooks are much sunnier than businesses in other states. Local small businesses projected one of the strongest business outlooks nationwide this spring, according to the recently released spring 2019 Bank of America Business Advantage […]
Are you a looking to finance a commercial real estate or industrial equipment purchase for your growing small business? If so, an SBA 504 loan may be right for you. Jacqueline Sousa, regional director of Florida SBDC at FIU, says many small businesses don’t know about – or don’t understand […]