Entrepreneurs often solve their own problems. As a serial entrepreneur in companies as varied as manufacturing, systems integration, and products, Lil Roberts had seen that small business owners across industries often didn't have the timely financial key performance metrics they needed for informed decision making. She had started businesses from scratch, bought distressed companies and turned them around, but had never scaled a business with equity financing.
In 2016, she set out to digitize the process and, by 2017, she had built a minimal viable product (MVP) and launched Xendoo. The first half a million dollars was bootstrapped. Roberts invested her money into the company.
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Run Your Business So You’ll Never Need Layoffs
An engaged workforce is the best guarantee of survival, especially during market shocks like the one we’re experiencing with the Covid-19 pandemic. Big companies, especially those that favor stock buybacks and lean balance sheets, can learn from entrepreneurial ventures like restaurants and start-ups that have weathered the pandemic thanks to the ideas and commitment of its people — along with a healthy dose of old-fashioned financial caution.
The recent " Open Letter to Business Leaders ," written by three Harvard Business School students and cosigned by 1200+ MBAs and counting, appears to ask the impossible of the Fortune 500 CEOs to whom it is addressed. "Put your employees first now," it urges. "Retain them, re-deploy them if needed, and most importantly, pay them."
What Are Fintechs and How Can They Help Small Business? - The New York Times
This article is part of our continuing Fast Forward series , which examines technological, economic, social and cultural shifts that happen as businesses evolve.
As a business with just one full-time employee — himself — he first applied for the New York City Employee Retention Grant Program while he was watching Mayor Bill de Blasio talk about the program on television. Three days after seeing the announcement on TV and applying, a few thousand dollars was in his bank account.
Milwaukee Business Restart Grant applications due Friday, small businesses eligible for up to
MILWAUKEE — Small businesses can apply for City of Milwaukee's Business Restart Grants until 5 p.m Friday, June 12 through the online portal at Milwaukee.gov/restart .
A news release says the Milwaukee Business Restart Program is designed to get City small businesses up and running following setbacks associated with the current COVID-19 pandemic. Grants will be available to businesses established before the end of 2019 with annualized revenue of less than $2 million and 20 or fewer full-time-equivalent employees.
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Council Post: When The Doors Open For Business Again
One thing people will want is answers — and they'll want them quickly. Many possibilities will be among them, and as such, real estate business owners need to organize themselves before (and after) restarting their enterprise.
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One thing that you can do is prepare a list of actions that you know must be considered to restart your enterprise. Everybody's list will look different, but a few things to consider are the following:
Are your utilities on? Will you have sufficient power to start up and assess your equipment? Are the water and lights on? Each business operates with different types of equipment. Ensure you have or know when you will have these services by communicating with your providers.
'Black owned don't loot:' For some business owners, signs show solidarity - and provide protection
As looting spread from Center City two weekends ago, the Scurry family became desperate to protect La'Vanter, their women's clothing boutique in North Philadelphia.
Ninety percent of sales had disappeared during the pandemic, and another hit could finish their small company. Jamil Scurry, a store owner and former Philadelphia police officer, grabbed a large piece of vinyl and spray-painted it with the words he hoped would spare them:
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It worked. Nearby businesses were broken into that weekend, Jamil Scurry said, but his was left undamaged.
Today's Business Webinar To Focus On Move To Stage Three | myMotherLode.com
Sonora, CA — On Friday the local COVID-19 restrictions will be loosened for sectors like movie theaters, bars, wineries, museums, gyms, hotels and campgrounds.
The revised state guidelines will be the main focus of today's weekly business webinar hosted by the Tuolumne County Department of Innovation and Business Assistance. Counties like Tuolumne and Calaveras will be allowed to move into Stage 3 based on a number of factors, including the local health officer's approval, the number of cases, testing availability, contact tracing, etc.
Happening on Twitter
Army "sources" claims on Chinese intrusions: 1. Both sides have "retreated a bit" since the talks. 2. More meeting… https://t.co/ihkCmr2Sto ajaishukla (from Delhi, India) Wed Jun 10 02:43:16 +0000 2020
#STPINEWS: Role of #STPIINDIA in building the right ecosystem to foster IT industry since inception, taking us new… https://t.co/yXBTKzj75o stpiindia (from East Kidwai Nagar, New Delhi) Tue Jun 09 15:07:20 +0000 2020
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