Category: Small Business
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Small Business
QuickBooks Data Highlights COVID's Financial Impact on Small Businesses
by Fioney Staff
At long last, it seems as though the United States is slowly putting the pandemic behind it as vaccination rates increase and mandates are rolled back. As that happens, however, many small businesses are continuing to pick up the pieces from what's been a rough year for many. On that note, a recent report from Intuit QuickBooks shows just how much small businesses were hurt financially at the start of... Small Business
"Backing Historic Small Restaurants" Grant Program Awards $1 Million to Small Businesses
by Fioney Staff
During the pandemic, numerous small businesses closed their doors permanently. Sadly, this included several long-time institutions, many of which had previously operated for multiple decades. Thus, in a bid to help ensure that some iconic small restaurants are able to weather the storm, more than $1 million in grant money is being given to those special spots. Recently, American Express and the National Trust for Historic Preservation announced 25 recipients of... Small Business
Small Business Survey Finds 37% Considering Expansion in 2021
by Fioney Staff
More than a year after the pandemic first gripped the United States, small business owners are apparently feeling optimistic once again. TD Bank recently released the results of their 2021 Small Business Survey. The survey — which included participation from 750 small businesses with less than $5 million in annual revenue — found that many businesses are now "doing better than expected" as vaccination rates rise and the pandemic (hopefully) recedes. In... Small Business
Brex Announces Small Business "All-In-One Financial Solution" While Raising $425 Million
by Fioney Staff
This morning, the FinTech Brex came out with not one but two big announcements. In addition to boasting its latest funding mega-round, the company also revealed its Brex Premium platform for small businesses. Brex Premium bills itself as an "all-in-one-finance solution" for businesses featuring support for credit cards and business cash accounts alongside bill pay and spend management tools. With the service, Brex customers will be able to issue corporate... Small Business
Fiverr's Small Business Needs Index Highlights Trends in Pandemic-Era Project Hiring
by Fioney Staff
When most people think about what it means to be a small business owner, they might assume that they like to do everything themselves. However, while this may be true of some, others prefer to hire experts to help them in areas where they struggle or could otherwise use some assistance. That's where platforms such as UpWork and Fiverr come in, as they allow business owners to find people willing... Small Business
Small Business Startup Sentiment Index Reaches 52-Week High
by Fioney Staff
With many small businesses being greatly impacted over the past year, is it possible that would-be business owners could be turned off to the idea? A new survey suggests that this may not be the case as optimism among potential small business buyers continues to climb higher. Each month, FranchiseInsights compiles the Small Business Startup Sentiment Index based on responses from aspiring and current business owners. The latest survey (which... Small Business
Survey: 62% of Small Businesses Retain In-House Accounting
by Fioney Staff
For many entrepreneurs, one of the most daunting tasks of running a business is maintaining financial records and other accounting needs. Because of this, it's common for business owners to outsource these needs. However, a new survey shows that a somewhat surprising number of smaller businesses utilize an in-house accounting team. According to a survey from Clutch (conducted between 2018 and 2021), 62% of small businesses rely on in-house accounting...