Small Business

How can we Prevent the Cornerstones of our Communities from Crumbling? Ways to Support Mom-and-Pop Businesses

Mom-and-pop shops have always been the cornerstone of our economic communities, especially the smaller ones. These entities consist of smaller, commonly family-owned-and-operated businesses focusing on a more personalized approach to customer service, interacting with them and customizing their merchandise or service to fit the community’s needs.

Mom-and-pop shops are fixtures in their local regions in the following ways:

Charitable businesses give back to the local community with not only money but their time and enthusiasm.

Jobs are created for local residents.

Money stays local and helps stimulate the neighborhood economy.

They tend to provide more interactive and personalized customer service.

They often focus on delivering higher quality products and services instead of offering cheaper versions.

Creating a Business Plan for Entrepreneurs

Want to be your own boss? Ready to turn your hobby into a career? Got a great idea and thinking about launching a business? If you’ve answered yes to any of these questions, you are ready to become an entrepreneur. 

This can be an exciting journey, but before you take off, you should make sure you have a plan. To create an effective business plan, keep these tips in mind.  

Why Do You Need a Business Plan?

To put it simply, a business plan helps you organize your process.

Financial Resolutions for Small Business Owners

The new year is fast approaching, and it is a good time for small business owners to make some financial resolutions to help lead them toward a solid financial path. Whether your business is just starting or you have been running it for decades, the new year is the time to review your financial situation and set some resolutions to help you with your future financial goals. Not sure where to get started? Here are a few business resolutions, no matter what type of business you own.

A Business Owner’s Guide to Long-Term Care Planning

Businesses generally are illiquid, which can create problems if a business owner requires care in a long-term care facility. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number of activities of daily living (ADL) without assistance. ADLs include eating, bathing, dressing, toileting, transferring in and out of bed, continence, or when physical, mental, or cognitive function is impaired or a doctor has ordered specific care.

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