Before raising capital, it’s often hard to pay potential employees, but you can still offer exponential future returns.
Monthly Archives: April 2020
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L.A. Lakers Latest Private Company to Return PPP Funds
by Kenny Herzog • • 0 Comments
The $4.4 billion basketball team is giving back its $4.6 million loan, but they aren’t the only non-public business to backpedal.
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Creative and Practical Steps for Franchises to Survive the COVID-19 Crisis
by Danny Cattan and James Vitrano • • 0 Comments
Wash your own windows and ask every vendor and supplier for relief — including your franchisor.
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Did the Rockefellers Already Know? Family Exited Oil Investments in 2016.
by Entrepreneur Espanol Staff • • 0 Comments
The Rockefeller Family Fund announced in 2016 that it would divest in fossil fuel companies, including Exxon Mobil.
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Free Webinar | May 5: How Do You Navigate Entrepreneurship In A Time of Uncertainty
by Entrepreneur Insider • • 0 Comments
Join former NBA superstar Amar’e Stoudemire and PR expert Danielle Sabrina as they discuss their keys to navigating uncertainty.
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How to customise your website to sell more overseas
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The benefit of a highly functional website that’s easy to navigate and is accessible from anywhere in the world is that it’s never been easier to sell overseas. But for those that want to enter overseas markets as part of their wider strategy, a website needs to do more than simply load quickly, be secure and look smart.
Figures from 2018 show that the UK exports £656.5bn of goods and services, making international business a lucrative area for many. But if you’re welcoming people from around the world to buy from or use your website, they must be able to relate to the content, understand it, and also find the website when they’re searching online for your product or service. As such, your digital platforms need to be relevant for your target audience and the territory they’re in.
How to use your website to sell overseas
Achieving this effectively requires more than a simple, literal translation of your website’s content. Making your online business truly international requires an analysis of your messaging, content, understanding of SEO, and a willingness to apply your learnings to other digital forums to continue growing your presence overseas.
Here, we share the
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Fintechs giving up on joining coronavirus emergency loan scheme
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Fintechs are giving up on ever being recruited to join the government’s emergency coronavirus bailout scheme for small businesses, despite being eager to do so.
The British Business Bank, which administers the Coronavirus Business Interruption Scheme (CBILS), has added four more lenders to the scheme – Allied Irish Bank, ThinCats, Paragon Bank and IGF – to join 48 existing accredited lenders.
However, just three of those which have joined the coronavirus loan scheme – Funding Circle, OakNorth and Starling Bank – are the kind of fintechs which have shaken up business lending.
British Business Bank says that 80 per cent of Britain’s small business have a relationship with one of the CBILS 52 accredited lenders, and that it is speeding up onboarding of new lenders to further extend the scheme’s reach.
>See also: What is the British Business Bank? – a Growth Business guide
But, according to the Telegraph, 100 other lenders are champing at the bit to join the BBB’s accreditation process and some are losing hope.
This is despite 60 per cent of small businesses saying they will run out of cash within 12 weeks, according to the Association of Accounting Practitioners.
Oliver Prill, chief executive of fintech
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How to re-organise your shop post lockdown
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
The British Retail Consortium (BRC) has outlined social distancing recommendations for shops once we start coming out of lockdown.
They stress that it’s the responsibility of the business to decide what social distancing measures they’re going to implement based on what’s appropriate. Business owners should also be communicating with colleagues to reassure them of their safety within their roles.
Measures suggested below should be implemented alongside safety requirements like the Health and Safety at Work regulations.
Social distancing in and around stores
Outside store
Limit number of entry and exit points into and out of store. Consider having separate entrance and exit points if possible.
Limit the number of customers in the store at any time. Assess the size of the store and its layout, this will enable you to calculate the number of customers who can reasonably follow 2m social distancing.
Consider whether temporary barriers should be available in case it is necessary to stop people joining a queue.
Place clear signage outside of the store explaining the social distancing measures in place that customers should follow.
Place markings outside the store to assist correct queue spacings.
Speak to nearby premises to work together to manage possible shared queuing areas.
Consider non-contact
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Microbusiness £50,000 Bounce Back Loans – how they work
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The government has launched its microbusiness Bounce Back Loans scheme with a higher than expected £50,000 limit and a 100 per cent guarantee.
Businesses will be able to borrow between £2,000 and £50,000 and access the cash within days
Loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form
The microbusiness Bounce Back Loans scheme is capped at 25 per cent of turnover and promises a streamlined application process.
Treasury says that the new microbusiness loan scheme will open next Monday, May 4 and will deliver cash to successful applicants within 24 hours.
Rishi Sunak, the chancellor, said: “Our smallest businesses are the backbone of our economy and play a vital role in their communities. This new rapid loan scheme will help ensure they get the finance they need quickly to help survive this crisis.”
Mike Cherry, national chairman of the Federation of Small Businesses, said: “To date, the existing interruption loan scheme has not been working for the small firms that make-up 99% of our business community.
“The decision by the chancellor to listen to our recommendation for a 100 per cent guarantee on smaller loans, alongside the
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Start a Home Business with Kaeser & Blair Inc.
by Holly Reisem Hanna • • 0 Comments
Sponsored by Kaeser & Blair A family-owned company seeks independent dealers who want to make extra money working from home. Did you receive a free diaper bag at the hospital with the name of a baby products company on it? Or maybe you were given an ink pen by your insurance agent with his logo […]
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