Small Business Advice by Bigger Bottom Line
Boost Your Business: Insights for a Bigger Bottom Line
The 2023 Small Business Administration (SBA) loan data reveals a clear preference for Limited Liability Companies (LLCs) among loan recipients. Out of the total 63,286 loans distributed, LLCs dominated the landscape with 40,325 loans, representing approximately 64% of all SBA loans issued that year. Corporations ranked second with 15,521 loans (about 25% of the total), … Read more
The Small Business Administration’s charge-off amounts show significant fluctuation over the ten-year period from 2014 to 2023. The data reveals a notable peak in 2015, when charge-offs reached $1.837 billion, followed by a gradual decline in subsequent years. After 2015, there was a sharp downward trend, with charge-offs dropping to $803 million in 2017 and … Read more
The idea of starting your own jewelry business can be both exciting and daunting. You envision creating beautiful pieces that people will cherish, but the thought of navigating the intricacies of running a small business can feel overwhelming. Fear not, fellow entrepreneur! With the right guidance and a little elbow grease, you can turn your passion for jewelry-making into a thriving venture.
Starting a new business venture is an exciting and rewarding endeavor, but it also comes with its fair share of risks and challenges. One of the most crucial steps in the entrepreneurial journey is evaluating the feasibility and market potential of your business idea. Skipping this critical phase can lead to costly mistakes, wasted resources, and ultimately, the failure of your venture.
Are you a small business owner trying to figure out if your venture qualifies as a “small business”? It’s a tricky question with no one-size-fits-all answer, but understanding the criteria can help you take advantage of valuable resources and support.
Have you ever felt overwhelmed by the idea of implementing quality assurance (QA) processes for your small business? You’re not alone. Many entrepreneurs struggle to find the time and resources to ensure their products or services consistently meet the highest standards. However, neglecting quality assurance can have severe consequences, from unhappy customers to reputational damage and lost revenue.
Embarking on the journey of entrepreneurship is both exhilarating and daunting, especially when you’re starting with limited resources. Many aspiring business owners find themselves faced with the challenge of turning their dreams into reality without substantial financial backing or a large team. This is where the principles of bootstrapping and lean entrepreneurship come into play, offering a strategic approach to launching and growing a successful startup with minimal initial investment.
The Small Business Administration (SBA) loan data for 2023 reveals significant regional variations in small business lending across the United States. California dramatically leads the nation with 7,292 SBA loans, demonstrating its robust small business ecosystem and entrepreneurial environment. This is nearly 40% more than the second-ranking state, Florida, which recorded 5,238 loans. The data … Read more
As a small business owner, your reputation is one of your most valuable assets. In today’s digital age, where information spreads rapidly across social media platforms, a single misstep or crisis can have far-reaching consequences for your business’s reputation and, ultimately, its bottom line.
“Is the next billion-dollar idea in your head? Starting a stealth startup could be the key to securing funding and staying ahead of the competition while you develop your groundbreaking concept.”
