This post originally appeared on the blog of CDC Small Business Finance
When Georgia’s restaurant opened in Anaheim’s historic Packing House in 2016, co-owners Gretchen Shoemaker and Marlon Machado conservatively projected first-year sales to be between $250,000 and $500,000. By the fifth month of serving their version of “soul delicious” food to thousands of patrons, they hit $1 million.
This post originally appeared on the blog of CDC Small Business Finance
Knowledge is power. This is especially true when it comes to learning the facts so you’ll know what to do to give your business the financial boost it needs to thrive.
As any small business owner knows, the holiday season is the perfect time to boost your bottom line. But figuring out the best way to market your business or product and how to stand out from the crowd can feel overwhelming. But, there's no need to get your stockings in a twist. Whether you’re an online vendor, a restauranteur or even an accounting firm, there are some easy ways that you can connect with your community and your clients during this busy time of the year.
Did you know there are more than 2.5 million veteran-owned businesses in the U.S? Our nation’s veterans are hard-working, resilient and resourceful, making them specially equipped for entrepreneurship. However, they can often face significant obstacles when it comes to accessing capital and business networks. If this sounds familiar to you, you’ve come to the right place. In honor of National Veterans Small Business Week, we’re sharing some of our favorite stories of successful veteran entrepreneurs and resources that can help you start and grow a veteran-owned business.
While many 13-year-olds dream of becoming firefighters or football players, 13-year-old Johnathon Bush not only dreamed of being an entrepreneur but was already becoming one. While growing up in Toledo, Ohio, he realized the only way he could make money at a young age was through entrepreneurship, so he started baking cookies and selling them to friends and family. But, his bake sales evolved into something bigger than his middle school self could have expected.
This is the final post in our series, “Turn your bright idea into a business.” Check out our other posts on validating your idea, running the financials and testing the waters by
As an organization committed to creating access to capital for Latino entrepreneurs, we feel it is critical to share a look at the state of Latino-owned businesses. We encourage everyone to ask themselves if they are stepping up to support Latino small business growth and success.
National Hispanic Heritage Month runs from September 15 through October 15, and it’s the perfect time to celebrate the contributions of Hispanic small business owners to our nation’s economy and discuss how we can help them thrive and grow their businesses.
When you work for a large company, decisions about saving for retirement are often made for you—your employer likely offers some sort of savings account that provides tax benefits for you to save for retirement, and may even match any contributions you put into that account. But when you’re a small business owner, you have to navigate the retirement savings process alone, which can be stressful. It may seem even trickier if you have employees and need to set up a plan by yourself. But there is a lot of good news:
This is the third post in a series on how you can turn your dream of owning a small business into a reality. If you missed Part 2 in the series, you can find it here. Check back each week for new posts.
Once you’ve figured out that your business idea has legs and makes financial sense, the next step is to try it out. Many entrepreneurs like to dream big as they’re first launching a business—they picture their business with their own office, retail location and staff. Dreaming big is great, but starting small gives you the opportunity to test out your business ideas and perfect them b...