Benetrends Blog

In study done by RewardExpert, a company focused on providing tools, reviews and research for its users, they examine the best and worst places to start a new business. The report gathers data from 177 metropolitan areas and uses 30 indicators to rank the locations....

The most recent analysis by the Federal Reserve of small business credit markets shows signs of slowing revenue and credit gaps, especially among firms with annual revenue of $1 million or less. With the credit market tight, especially among larger lenders, businesses...

National Small Business Week 2018 is being celebrated April 29-May 5. The initiative is organized by the Small Business Administration (SBA), a government agency that focuses on providing support to current and aspiring business owners. Since 1963, the President of...

For new businesses, cash flow is an important element of money management. Having adequate funds on hand to cover financial obligations, especially when revenue is uncertain or inconsistent, is a key part of managing a small business. As seen in the recent...

For small business owners, one of the most important tasks is to build a comprehensive, thorough, and accurate budget. Having a precise budget lets you know how much money you need for start-up costs and ongoing expenses, anticipate gaps, and know how much funding you...

Having sound legal advice is always a good idea for any business owner, but perhaps even more critical for an entrepreneur who is starting and growing a new business. As seen in the recent post, From Wantrepreneur to Entrepreneur: The Essential To-Do List, having...

When you are thinking of starting your own business, you have many decisions to make. Where should you begin and what is the right sequence to take to go from wanting to be an entrepreneur (WANTrepreneur) to becoming an entrepreneur?  Here is the...

When entrepreneurs are thinking about starting their own business, one decision that weighs heavily is whether to go into debt. As seen in the recent post, Small Business Funding By the Numbers: What Every Entrepreneur Should Know, there are plenty of financing...

Recent research from the U.S. Small Business Administration’s Office of Advocacy shows the landscape is optimistic for entrepreneurs considering starting their businesses in low-income areas. As seen in the recent post, Small Business Funding by the Numbers: What...