Business credit cards are generally issued in your company’s name and used to carry out business expenses. You repay the outstanding debt using company funds, which impacts your company’s business credit score. Business credit scores are different from personal credit scores. Furthermore, defaults on a business credit card won’t make you personally liable for any … Read more
One week before National Small Business Week, a new study examines some surprising things that the millions of small businesses across the U.S. have in common. A Pew Research Center Survey released Monday delved into Census Bureau data points associated with 33 million small businesses across the U.S. The study defined “small business” as a … Read more
Businesses had to pivot or shut down during the pandemic. With no sales, demand, and a host of restrictions, small businesses that could transition to a digital platform and still operate took that route while many others ceased to exist. According to the U.S. Bureau of Labor Statistics (BLS), 20% of small businesses fail within … Read more
As part of Simply Business’ “Best UK Cities for Small Businesses Index for 2024”, London was listed as the best city in the UK to start a small business. Despite average monthly rent prices measuring around £2125, the capital’s average earnings, start-up programmes and coworking spaces boosted it to the top. Leicester, Coventry and Doncaster … Read more
Momofuku, a food and restaurant brand started by food mogul David Chang, said it will not defend its trademark on the name “chile crunch” after it sparked an outcry by sending cease-and-desist letters to other businesses using the term. Momofuku started selling its Chili Crunch product in 2020, a crunchy spicy oil with dried peppers … Read more
Adam Hill wanted to break free from his corporate job and started a vending business out of all the industries. After eight years of smart work, the business now earns him above $50,000 in gross revenue every month. He started his venture way before the work-from-home policies and the booming gig culture. In a podcast, … Read more
When operating a small business, you need each element to work well and efficiently. Also, you want each process to be executed with the minimum possible input and oversight from you. As an entrepreneur, time is valuable. You can maximize your time’s value by streamlining, delegating, or automating some overwhelming tasks. Small and medium-sized businesses … Read more
Opinions expressed by Entrepreneur contributors are their own. More than 100 million people are gearing up to watch the big game on Sunday. Between watch parties, wings, beverages, commercials, the halftime show and much more, excitement is widespread. Beyond entertainment, the game serves as a super opportunity for small businesses in the Las Vegas area … Read more
Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy showed that the total number of insolvencies — meaning those filed by both businesses and consumers — was up by 23.6 per cent last year. The … Read more
Opinions expressed by Entrepreneur contributors are their own. Artificial Intelligence, or AI, is a huge topic in nearly every business. While incorporating new AI-driven tools is still in the very early stages, there’s a lot still unknown. AI is simply another iteration of technological change that’s been happening for decades. Businesses that learn to embrace … Read more
