Starting a small business and making it through the first few years is an exciting, yet challenging time. When you make it to the point where you’re ready to grow, take a moment to congratulate yourself and recognize your achievement. It takes time, resources, and...
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Benetrends Blog
How Growth Mode Differs from the Startup Phase of a Business
The goal when starting a business is to grow the business. The growth of a business requires specific resources, whether it be employees, technology or even funding. But once the business is established, how does one scale the business? Starting a Small Business vs....
Top 10 Dos and Don’ts of Small Business Funding
Starting a small business is hard but finding small business funding can be even more challenging. While it may seem like there’s ample opportunity, from conventional loans to 401(k) funding, fledgling entrepreneurs may find themselves stuck when trying to figure out...
Small Business 101 Series: Taxes
Tax season is upon us again. For the small business owner, tax time may be one of the most stressful times of the year. If you recently launched your business and haven’t even made money yet, you may wonder if you have to file. The answer is almost certainly "yes." If...
Funding Strategies in a Declining Stock Market
Benetrends President & CEO Dallas Kerley offers insight into programs to assist small businesses affected by the COVID-19 Pandemic. Before we look at funding strategies, we want to share a few thoughts with you. With the news about the impact COVID-19 is having...
Top 4 Resources for Minority Small Business Owners
Cash flow is often a big issue for a small business owner. This is especially true for minority business owners, who face more funding challenges than non-minority entrepreneurs. The good news is that there are now a number of resources available to help...
Top 10 Cities for Minority-Owned Businesses in 2020
Small businesses play an important role in our nation’s economy and minority-owned small businesses are a large part of that. The Hill noted in 2019: "Minorities own an estimated 29 percent of classifiable businesses, which are growing at twice the...
How to Qualify for a Minority Business Loan
When you’re starting a small business, access to capital is crucial to fund growth. However, historically speaking, small business lending is more limited for minority-owned businesses. Part of the problem is that the U.S. Census reports that household net...
Loan and Grant Options for Minority-Owned Businesses
Small business funding for the minority-owned business is still challenging, but there are options to consider that can bridge any startup gaps and help you scale. In this article, we will explore options and provide entrepreneurship tips for starting a small...
10 Best Ideas for a Family Business in 2020
There are more than five million family businesses in the US today. These companies range from multi-billion dollar global firms to small "Mom and Pop" corner stores. What they all have in common is the passing down of responsibilities between family members...