The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will hold a hybrid hearing titled: “Catalyzing Economic Growth through SBA Community-Based Lending.” The hearing is scheduled to begin at 10:00 A.M. on Tuesday, March 29, 2022 in Room 2360 of the Rayburn House Office Building. Participating members can also join remotely via Zoom. The U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) helped small businesses stay afloat throughout the pandemic. In later phases of the program, Congress made changes to the progra […]

Stealers by /u/LeafMeBee22 (smallbusiness: Questions about starting, owning and growing a small business)

Well I had my first stolen item yesterday. When B walked in I was helping pickers and didn’t see him come in. When he left it looked like he had something under his arm but again I was helping someone else and didn’t think much of it. Tracking him around the store with the cameras after I see him put a $40 item in his coat and leave. He comes in once a week and now I’m contemplating what else he could have taken. Do I ban him? Call the police? I’m not really sure honestly submitted by /u/LeafMeBee22 [link] [comments]

Fuel Management Advice by /u/xThe_Maestro (smallbusiness: Questions about starting, owning and growing a small business)

Hello All, Looking for suggestions. Short Version: Looking for a fuel management system I can add to our existing above ground fuel tanks. Long Version: Our business has grown to include 5 different lots that we rent and added above ground tanks to. With the rate we’re growing, and the cost of fuel going up, I’m getting concerned about slippage (theft, abuse, drivers putting unleaded in a diesel truck by mistake (expensive to fix), drivers putting dyed fuel in on-road equipment (illegal), etc) so I’d like to get a little more control/transparency on who is using fuel and […]

Is a Tea Bar profitable? by /u/SgtSasquooch (smallbusiness: Questions about starting, owning and growing a small business)

I just realized my city doesn’t have a tea bar or tea house. They all closed due to the pandemic. All we have are bubble tea shops so I want to fill the gap with a herbal tea shop and lounge space. Picture couches, floor cushions and potted plants everywhere. I would sell pastries and quiche type items. Open it up to local makers for retail space and entertainers too. Maybe room for growth towards herbal infused cocktails in the evening. Does anyone run a business like this? Is it costly to operate? submitted by /u/SgtSasquooch [link] [comments]

single member llc by /u/danielwkern (smallbusiness: Questions about starting, owning and growing a small business)

Hi all, Quick question. With a single member LLC is it possible to add someone as a member or would the company need to be reformed and created as a multi member LLC? Located in Illinois. Thanks I’m advance! Cheers. submitted by /u/danielwkern [link] [comments]

Flying by the seat of my pants by /u/Thefear1984 (smallbusiness: Questions about starting, owning and growing a small business)

I started my business about 6 years ago solo after a long stint of corporate jobs that failed me. I own a maintenance and small construction company. I’m expecting by the beginning of next year to have my general contractor’s license so I do have the skills and ability to do more but I feel like I’m flying by the seat of my pants. I like to be a know-it-all and a jack of all trades and reaching out for help is humbling to say the least. But I’m not ignorant to the fact I don’t know everything. What I need from you is general advice about everything kind of. Info: Sole Pro […]

Entrepreneurial Mindset by /u/Astaylor25 (smallbusiness: Questions about starting, owning and growing a small business)

Let me start by introducing myself. I am a student and the University of Adelaide, studying a degree in accounting and finance. As part of my assessment* we need to conduct a few interviews** with business owners/entrepreneurs. Personally, I am looking to understand the motivation that lead to starting your own business and to know what it takes to be an entrepreneur. Although I am studying a degree in accounting, which is not typically entrepreneurial, however I have always been intrigued as to concept of building from the ground up. The questions that I would like to a […]

How Spring Statement 2022 affects small business by Timothy Adler (Small Business UK)

By Timothy Adler on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs How will today’s Spring Statement 2022 affect your small business? Analysis and insight into what today’s announcements by Chancellor Rishi Sunak mean for Britain’s 5.5m small businesses The post How Spring Statement 2022 affects small business appeared first on Small Business UK.

Businesses closing down? by /u/K-A-Mck (smallbusiness: Questions about starting, owning and growing a small business)

Hi there. I overheard in a local cafe/bookshop, that it is closing down. This is in a moderate sized city in Scotland. The place is always busy and has good prices. What could be the cause of this? submitted by /u/K-A-Mck [link] [comments]

Getting little to no sales. by /u/Tomzeii (smallbusiness: Questions about starting, owning and growing a small business)

Hi everyone! I’ve recently started a webshop for women’s clothing (kinda based on Zara, NAKD). The idea is affordable clothing, for a fair price. I’m live for 2 weeks on Shopify at Hedy Fashion and got my social media running as well. Instagram & Facebook. As for now, not getting any sales and with some paid ads on facebook and instagram I’ve got like 40 visitors a day, but no conversion at all. Not even add to carts. ​ So I was wondering if someone has any tips or feedback for me that could be useful to get some first sales. ​ Currently Belgium based with shipping to: Be […]

Has anyone on here ever hired a business coach? Did it work? by /u/fml198 (smallbusiness: Questions about starting, owning and growing a small business)

My business has totally stagnated and I need help! There are so so many people out there who claim to “make your business a 6 figure earner in just 3 month” I’m curious to know if anyone here has ever hired a business coach, and if they saw success with it? P.S. I’m an online nutritionist and exercise coach submitted by /u/fml198 [link] [comments]

Payroll Checks: Where to Buy, How to Print & What to Consider by Charlette Beasley (Fit Small Business)

If you’re not utilizing electronic payments to issue paychecks to your employees, you’ll need to process your payroll checks manually. The first thing you need is payroll check stock. Depending on where you purchase, you should expect to pay between about $40 and $120 for 500 checks, and even more if you want to have… The post Payroll Checks: Where to Buy, How to Print & What to Consider appeared first on Fit Small Business.

Merchant Cash Advance vs Business Loan: What’s Best for Your Business by Matthew Sexton (Fit Small Business)

Both merchant cash advances (MCAs) and business loans can provide your company with necessary operating capital. However, business loans should always be your first choice when possible. Merchant cash advances are an expensive form of credit that should only be used as a last resort for businesses that cannot qualify for other types of financing…. The post Merchant Cash Advance vs Business Loan: What’s Best for Your Business appeared first on Fit Small Business.

1099 vs W-2 Workers: 5 Key Areas of Difference by Charlette Beasley (Fit Small Business)

Large and small businesses alike often find it most efficient to hire employees (W-2 workers) for some roles and tasks and independent contractors (1099 workers) for others. Understanding the differences between 1099 vs W-2 workers is important, as misclassifying employees as contractors can lead to thousands in fees and penalties. *All states recognize at-will employment… The post 1099 vs W-2 Workers: 5 Key Areas of Difference appeared first on Fit Small Business.

How to Do Payroll in Arizona by Charlette Beasley (Fit Small Business)

Arizona is a typical state when it comes to processing payroll. It follows federal guidelines with a few exceptions. Some of these exceptions are listed below. Arizona has a progressive state income tax that depends on your employee’s income. You will need to withhold these state taxes in addition to federal taxes. The size of… The post How to Do Payroll in Arizona appeared first on Fit Small Business.

10 Best POS Systems for Small Business in 2022 by Meaghan Brophy (Fit Small Business)

A point-of-sale (POS) system is a combination of software and hardware that centralizes sales, payment processing, and customer relationship management (CRM). The best POS systems for small businesses also include robust tools for inventory tracking, vendor management, employee management, and customer loyalty. Many small business POS systems are free, though others cost as much as… The post 10 Best POS Systems for Small Business in 2022 appeared first on Fit Small Business.

The 6 Best Xero CRM Integrations for 2022 by Jess Pingrey (Fit Small Business)

Xero is an accounting software that helps users create invoices, track payments, and manage inventory. It is especially powerful when integrated with customer relationship management (CRM) software, as this allows users to connect customer and financial records in real time. However, some Xero CRM integrations or Xero CRM add-ons are more powerful than others. We… The post The 6 Best Xero CRM Integrations for 2022 appeared first on Fit Small Business.

Testing for COVID with the sound of a cough? There’s an app for that by Simon Sharwood (The Register – On-Prem)

And it’s right more often than rapid antigen tests An Australian software developer claims to have created a smartphone app that can accurately diagnose COVID-19 by listening to a user’s coughs.…

Price rises to hit record, warns CBI by Business Matters (Business Matters)

The proportion of manufacturers expecting to increase prices has jumped to its highest level since records began in 1975. Read more: Price rises to hit record, warns CBI

Inflation hits new 30-year high ahead of Sunak statement by Business Matters (Business Matters)

The cost of living continued to soar last month, laying bare the challenge the chancellor faces ahead of his spring spending statement on Wednesday. Read more: Inflation hits new 30-year high ahead of Sunak statement

Two-thirds of over-50s wish they had started saving for pensions sooner by Business Matters (Business Matters)

Almost two thirds of over-50s wish they had started saving towards their retirement at an earlier stage, new data from Aviva shows. Read more: Two-thirds of over-50s wish they had started saving for pensions sooner

Apple stops censoring terms it etches onto iPhones in Taiwan by Laura Dobberstein (The Register – On-Prem)

Still won’t let Hong Kong buyers use terms Beijing may not appreciate Apple has stopped political censorship of terms that buyers choose to have engraved onto its products in Taiwan – but has kept the policy in both mainland China and Hong Kong, leading an academic research group to wonder whether Apple does not fully understand its own censorship policies and applications, or is bowing to Beijing’s wishes.…

I want to start a business but worry that l don’t know it all. I want to hire people to do things I can’t do. by /u/RGV_Anon (smallbusiness: Questions about starting, owning and growing a small business)

How can I screen these potential employees and trust them that they are able to perform the jobs when I myself don’t know too much of what them doing a good job entails. Like for example a graphic designer, a salesman, an accountant, ect. submitted by /u/RGV_Anon [link] [comments]

How to do exports by /u/A_Wahid18 (smallbusiness: Questions about starting, owning and growing a small business)

My father does a business(Sort of commission agent) of crops(wheat and rice). We buy from the farmers and sell to the local millers and exporters. Now we want to export the crops to other countries by ourselves. Any ideas? submitted by /u/A_Wahid18 [link] [comments]

P&O to pay £36.5m in compensation to 800 sacked workers by Business Matters (Business Matters)

Ferry operator P&O has revealed it is paying £36.5m to cover compensation for the 800 seafarers it sacked without warning. Read more: P&O to pay £36.5m in compensation to 800 sacked workers

Britain closes in on deal with US to end tariffs on steel exports by Business Matters (Business Matters)

The UK is on the brink of agreeing a deal with the US to remove tariffs on British steel exports, ending months of tensions that had stood in the way of a broader bilateral trade agreement. Read more: Britain closes in on deal with US to end tariffs on steel exports

Week 8 of shopping for insurance – I’m not dead yet. by /u/donerightbydaniel (smallbusiness: Questions about starting, owning and growing a small business)

I’m in the middle of week 8 of shopping for insurance. I’ve contacted more than 100 brokers/agencies/companies. I have nothing nice left to say. I have never worked so hard to purchase anything in my entire life! I’m not even paying any insurance company to abuse me yet, i’m still begging for someone to sell me insurance! Any tips/tricks/answers to how to get past all the abuse and harassment in the industry and get insurance done? You can google me to see what I offer, I do industrial work through a contractor that provides the insurance needed for the big machines, othe […]

Background Checks by /u/Ok-Bake3088 (smallbusiness: Questions about starting, owning and growing a small business)

How do you run pre employment background checks? We’re in Texas and I can’t seem to find a trustable company to run a check for us. submitted by /u/Ok-Bake3088 [link] [comments]

Does anyone know some general requirements to get a 100k business loan for a laundromat? by /u/Phatele (smallbusiness: Questions about starting, owning and growing a small business)

Pretty much what the title says submitted by /u/Phatele [link] [comments]

Restaurant Help by /u/delieli408 (smallbusiness: Questions about starting, owning and growing a small business)

Hi, everyone. I need some advice. My family has been running a small Japanese restaurant for 14 years. We heavily rely on the restaurant as our main source of income and have create a community of loyal customers who are very dear to us. Recently, our landlord gave us a notice asking us to pay half of the 40,000 dollars within 20 days that we owe him, accusing us of overdue charges that racked up during COVID-19. If we do not pay him this money, he will take us to court and kick us out of the current retail space we are in. We have diligently paid our monthly rent to him […]

Business card help by /u/Dear-Hall3068 (smallbusiness: Questions about starting, owning and growing a small business)

So I’m a full spectrum doula, a certified yogi, and herbalist. I have a bachelors degree in kinesiology and have certification in placenta encapsulation and prenatal/postnatal yoga and fitness.. but should I put all of that on my business cards?¿ or should I make separate cards? They all do compliment each other well.. but I want to make sure it’s emphasized that Im a yoga instructor, birth worker and herbalist separately as well. I don’t want to give the impression that I only work with pregnant women. submitted by /u/Dear-Hall3068 [link] [comments]

Diesel shortages will not lead to rationing, promises No 10 by Business Matters (Business Matters)

The government has dismissed fears of diesel rationing after some of the world’s biggest commodities traders suggested that Europe could face a supply shortage. Read more: Diesel shortages will not lead to rationing, promises No 10

Bonuses of Post Office bosses could be reclaimed in Horizon compensation scheme by Business Matters (Business Matters)

Post Office bosses could be ordered to hand back their bonuses after the government agreed to award “proper compensation” to hundreds of postmasters who exposed the Horizon IT scandal. Read more: Bonuses of Post Office bosses could be reclaimed in Horizon compensation scheme

Chip shortage to end this year – at least for us: Xiaomi by Simon Sharwood (The Register – On-Prem)

China’s smartphone and IoT gadget champ says it might even see a glut by 2023 Chinese smartphones-and-more manufacturer Xiaomi believes its silicon supply chain will return to normal in the second half of 2022 – and by next year it may even have an embarrassment of riches to consider when it shops for components.…

Sunak will use £30bn ‘war chest’ to tackle the cost-of-living crisis by Business Matters (Business Matters)

Rishi Sunak will today pledge to do more to help families deal with the cost-of-living crisis by spending some of the government’s £30 billion “war chest” from higher tax receipts. Read more: Sunak will use £30bn ‘war chest’ to tackle the cost-of-living crisis

Any ATM route owners? I’m considering buying an established route and looking for perspective. by /u/bridgepanda (smallbusiness: Questions about starting, owning and growing a small business)

I am hoping to hire a cash service to restock while I keep working FT. submitted by /u/bridgepanda [link] [comments]

First Year – Bookkeeping and Taxes Tips/Advice? by /u/DuckDuckBangBang (smallbusiness: Questions about starting, owning and growing a small business)

Hi! So I know the title says first year, but technically this is my second year. Last year I only made $100 so it was very simple to deal with. This year, things have really picked up so I’m looking into formalizing my bookkeeping processes to make taxes next year much easier. Right now, I’m using Excel to track what goes into each product I sell, how much it cost, revenue and profit. I want to get a bit more specific, but I’m worried about buying a software and hating the interface. Anyone have any advice on where to start with this? Are there good free options to start […]

Online Bookmakers Licking their Wounds after 2022 Cheltenham Festival by Business Matters (Business Matters)

Horse Racing desperately needed a massive pick-me-up following two years of struggle due to the Covid-19 restrictions and it certainly got it at Prestbury Park last week when over 280,000 racegoers descended upon the racecourse for the 2022 Cheltenham Festival. Read more: Online Bookmakers Licking their Wounds after 2022 Cheltenham Festival

Did you have a mentor? by /u/niki81519 (smallbusiness: Questions about starting, owning and growing a small business)

Hi, To those of you who had a mentor, how did you find them and what lessons did they teach you throughout your journey (like your business venture or life in general)? submitted by /u/niki81519 [link] [comments]

The UK High Street in 2022 by Business Matters (Business Matters)

Our spending habits have changed drastically over the last 18 months as the world of retail has been forced online because of the global pandemic. Read more: The UK High Street in 2022

Apple notches up ninth €5m fine for ignoring nation’s competition watchdog by Thomas Claburn (The Register – On-Prem)

It’s just a business expense at this point Apple has just been assessed a ninth fine of €5m ($5.5m) in the Netherlands for failing to allow Dutch dating apps to process transactions using a third-party payment service, as required by the European country’s competition watchdog.…

Top 10 Current Technologies Used in Schools by Business Matters (Business Matters)

Recently, there have been several significant improvements that have been made to the education sector. Read more: Top 10 Current Technologies Used in Schools

What would you do in my situation ($600k/year profit) by /u/concept141414 (smallbusiness: Questions about starting, owning and growing a small business)

-2020. -see someone selling an interesting type of product, but their graphics, photos, and writing sucked. -found sources for all the materials and copied the idea. -by being better at graphics, copy, and marketing quickly become the top in this niche. -there are maybe 3-5 other sellers who sell this type of item. -exceptionally good margins, on track for 1.2 million in sales and 600k profit for this year. -hater in comments section of a video made a comment that got me thinking. -did some searching and it turns out this product might violate certain FDA regulator […]

OVHcloud datacenter ‘lacked’ automatic fire extinguishers, electrical cutoff by Thomas Claburn (The Register – On-Prem)

Firefighters’ report: Wooden ceiling rated to resist blaze for an hour The OVHcloud datacenter in Strasbourg, France, that was destroyed in a fire last year had no automatic fire extinguisher system nor an electrical cutoff mechanism, according to a report from the Bas-Rhin fire service.…

Bing China freezes auto-suggestions at Beijing’s request by Brandon Vigliarolo (The Register – On-Prem)

There’s nothing like a bit of good ol’ filial piety Everyone’s favorite search engine (no, the other one) is caving to pressure and turning off suggestion algorithms for Chinese users.…

10 Top Side Hustles by Jek Lorenzo (Small Business Edge – Advice and insights to guide small businesses and startups)

Five Things To Know This Week: 1) Retail Outlook 2022 2) 2022 Global Talent Trends 3) 10 Top Side Hustles 4) The Best Office Chairs for Working from Home 5) Resource of the Week: America’s Small Business Development Centers (SBDCs) Happy Spring everyone! Now that we moved the clocks ahead one hour in the U.S., the weather is getting […] The post 10 Top Side Hustles appeared first on Small Business Edge – Advice and insights to guide small businesses and startups.

Bad Reviews-How do you handle them mentally and not take it personally? by /u/bmonster91 (smallbusiness: Questions about starting, owning and growing a small business)

My family has a small farm and we recently open a store and started selling the meat we produce. The goal is to be able to provide reasonable priced meat to our community by selling to them directly. I have no employees it’s just my family. The response and feedback from the community has been positive. We have return customers and we just opened at the end of January. I still have a lot to learn but am trying to keep up the best I can. Last night I received my first negative comment and feedback since I’ve started this venture. It’s making me highly insecure and makes me […]

What happens when your business is subjected to a PAYE audit  by Ercan Demiralay (Small Business UK)

By Ercan Demiralay on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs The post What happens when your business is subjected to a PAYE audit  appeared first on Small Business UK.

6 Essential Benefits of Business Intelligence in a Modern Company by SmallBizViewpoints (Small Biz Viewpoints)

Data is increasingly important to companies of all sizes and in all industries around the world. Business intelligence can help you get the most out of your data.

How to Keep Your Business Reputation Buoyant by SmallBizViewpoints (Small Biz Viewpoints)

In the business world today, reputation is everything. It is hard to build up, easy to lose, and once it has been lost, it is near impossible to get back.

I removed the word “owner” from my business card. by /u/ufomygoodness (smallbusiness: Questions about starting, owning and growing a small business)

And the plan behind it has worked wonderfully. I own a small retail store plagued by salespeople endlessly trying to sell me products that are either too expensive for any return value regarding my time or profit. Worthless to me in other words. I swear half of them come up with these “how did you live without it” concepts overnight. So now, they all still get my biz card but I can shoo them off quickly by claiming no decision makers are present. The only contact on my card is the store number, info@ email and my website. It’s been three months. My cold show-ups durin […]

15 Best Sign Font Options by Samantha Lile (Marketing Tips – Small Business Trends)

Find out what the best sign font options are for your small business for creating a visually attractive sign your customers find appealing.

8 Important Eco Friendly Tips for Businesses by admin (Small Business Brief)

The cost of carbon is increasing and for many businesses, carbon is their biggest liability. If your business manages its carbon exposure today, then you’ll […]

Nvidia reveals 144-core Arm-based Grace ‘CPU Superchip’ by Dylan Martin (The Register – On-Prem)

Yeah, right, who needs a takeover? GTC  Nvidia is cramming two Arm-based CPU processors and a DDR5 memory subsystem into one package, its newly revealed 144-core Grace “CPU Superchip,” which the graphics giant claims will be much faster and 2x more energy-efficient than two of AMD’s best Epyc processors combined.…

How to get deadbeat clients to pay their outstanding bills. by /u/OrlandoWashington69 (smallbusiness: Questions about starting, owning and growing a small business)

I’ve got a client who sent me a PO months ago. Order has been fulfilled but has not been paid. They have been good clients in the past (almost 4 years worth of business), paying quickly and so forth, but new ownersship seems to have changed that midway through a new order. I’ve sent them invoices but I’m just getting ghosted. Suggestions on how to proceed? I’d like to maintain the relationship but I’m suspecting the new ownership will make that difficult. Pretty large amount too. submitted by /u/OrlandoWashington69 [link] [comments]

Nvidia reveals specs of latest GPU: The Hopper-based H100 by Dylan Martin (The Register – On-Prem)

Performance boost promised, power stakes raised by 300 Watts GTC  Nvidia has unveiled its H100 GPU powered by its next-generation Hopper architecture, claiming it will provide a huge AI performance leap over the two-year-old A100, speeding up massive deep learning models in a more secure environment.…

Govt closely monitoring global commodity price movements amid Russia-Ukraine war: FinMin by Policy & Trends-Small Biz-Economic Times

Minister of State for Finance Pankaj Chaudhury said the government is also committed to supporting initiatives for releases from Strategic Petroleum Reserves to mitigate market volatility and calm the rise in crude oil prices.

Help to Grow: Management wants expert volunteers by Timothy Adler (Small Business UK)

By Timothy Adler on Small Business UK – Advice and Ideas for UK Small Businesses and SMEs Instead, the business department will rely on volunteers not business schools to deliver mentorship to 30,000 small businesses. And it’s looking for an outsourced management company to be paid £8m a year to deliver this now volunteer-driven programme The post Help to Grow: Management wants expert volunteers appeared first on Small Business UK.

Launching Rental Company: 5 Business Ideas by Ellie Yantsan (Small Business Bonfire)

In large cities, which are an integral part of the tourism sector, rental companies have established themselves as an important service. You can rent cars, clothes, travel equipment and much more from such companies. Most importantly, all the services of these companies find their customers. The demand for this type of product is due to […] The post Launching Rental Company: 5 Business Ideas appeared first on Small Business Bonfire.

Outsourcing firm Serco wins £212m UK Test and Trace deal by Lindsay Clark (The Register – On-Prem)

Nice work if you can get it – it bagged £322m deal for Test and Trace last year Updated  Serco has won a £212m ($278m) contract for disease testing and contract tracing from the UK Health Security Agency, the organisations set up to replace the controversial NHS Test & Trace and doomed Public Health England.…