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As expected, the Federal Reserve met this week and decided to proceed with its second scheduled rate hike here in 2018. The interest rate increases 0.25% or 25 basis points effective immediately. This change will now bring the rate cap on SBA financing to a maximum...
Women have made meaningful strides when it comes to entrepreneurship during the past 20 years, according to data released from the latest Kauffman Index study of startup activity. However, having access to capital to start and grow businesses continues to be...
Younger entrepreneurs represent a smaller percentage of new business owners but still comprise about a quarter of all new small businesses. Over the past 20 years, a look at the state of entrepreneurship in the United States shows remarkable changes in the...
When buying an existing business, you have a lot of decisions to make. One of the most critical is how to finance the purchase. Fortunately, as seen in the recent post, Buying a Small Business: 12 Factors to Consider, there are plenty of options available. While...
Benetrends extends congratulations to board member Joe Bourdow. Joe has been recognized as one of Seo Samba's Top 100 Global Franchise Influencers. With over 40 years of experience in franchising, advertising sales and broadcasting, Joe has blazed a...
Are you looking to buy an existing business? You should be on the lookout for common challenges to buying an existing business and how to overcome them. As seen in the recent post, Buying an Existing Business: 12 Factors to Consider, there are great...
There are many advantages to buying an existing business, but there are also some cons if the business is not in good shape. When William Carter and his wife, Katherine, considered buying a business, they were drawn to The Canyon Villa, a boutique bed and breakfast in...
Due diligence. It is the same whether you are buying a home, a car, or your own business. When evaluating an existing business for a potential purchase, completing your due diligence is absolutely critical. Due diligence, as seen in the recent post, Buying an...
Every business owner, whether they're a franchisee or a small business owner, have similar struggles with the operations of their company. How do I attract and retain the best employees? Who can I use to manage my payroll? Where do I find the best resources for my...
Launching into business ownership is not a one-size-fits-all experience. There are many different paths to owning your own business. Some choose to secure a franchise in an established brand, with built-in name recognition, marketing, and loyalty. Others opt to build...
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