Starting a small business is tough. But have you thought about what happens when you want to retire? It turns out, figuring out how to step away can be even more challenging. Mike Roach, who co-founded Paloma Clothing in Portland, Oregon, in 1975, realized he needed a plan after nearly 50 years. His
Inflation is a cruel beast, especially for small businesses as they face skyrocketing costs and disgruntled customers. Enjou Chocolat, a small chocolate shop in New Jersey, knows this story all too well. Forcing customers to shell out more for treats, like $14. 99 for a half-pound bag of foil chocol
In the heart of Colorado Springs, a tiny bakery named Norma's Bakery was nearly shipwrecked after just one year of sailing. Its owners, Norma Torres Canales and Martin Gerardo Ortiz Ceja, were forced to reduce employee hours. The family-owned business was at risk of shutting down. Their daughter-in-
In Dar es Salaam's bustling cityscape, there's a unique story of resilience unfolding in the flood-prone areas, particularly in Kigogo. Here, many small and medium-sized businesses, also known as MSMEs, operate amidst the challenges posed by floods. Despite the risk, these businesses seem to thrive,
Pennsylvania, a crucial swing state in the upcoming election, is seeing mixed results for its small businesses. Economic growth is happening, but prices are also going up. Real GDP in the state rose by 2. 5% this year, which is on par with national averages. However, prices in the Philadelphia area
Both Democrats and Republicans are courting small business owners ahead of the election. With a high trust rating and employing nearly half of the private sector workforce, small businesses are a significant player. However, owners are uncertain about the election's impact. Small business confidenc
Vice President Kamala Harris’ proposed tax plan, which includes a $50,000 tax credit for new startups, isn’t impressing the 30 million small-business owners in the U.S. A recent poll conducted by the Job Creators Network reveals that these owners prefer former President Donald Trump over Vice Presid
As former President Donald Trump continues to promote his business skills, Vice President Kamala Harris emerges as a better choice for small businesses. Her plans address the challenges entrepreneurs face today. One key proposal is to increase the tax deduction for new small businesses from $5,000 t
Hurricane Helene left a trail of destruction, and small businesses in its path are feeling the pinch. The government's Small Business Administration (SBA) is offering disaster loans, but they might run dry soon. President Biden warned that if Congress doesn't approve more funds, the SBA could be out
Inflation's been tough on Texas small businesses. Costs are skyrocketing, and owners are losing sleep over it. A recent report by the NFIB showed that supply costs jumped to the second biggest worry from twelfth in 2020. This is bad news for job creators who now face tough choices: raise prices, cut
