Every small business owner should conduct a SWOT analysis at least twice yearly to assess their Strengths, Weaknesses, Opportunities and Threats compared to their competition, markets and industry.
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WASHINGTON, May 17, 2022 – Most small business owners (62.7%) report lower profits than expected over the past six months due to declining sales and higher expenses as inflationary pressures rise, according to new survey data from SCORE, mentors to America's small businesses and a resource partner of the U.S. Small Business Administration.
SCORE’s Spring 2022 Megaphone of Main Street: Inflation & the Economy report surveyed more than 1,000 small businesses on the current state of inflation; how turbulent economic factors have affected profitability, and what they have done to protect their
Mentions SCORE Resources for Small Business Owners.
SCORE mentioned as a resource for small business owners in this story.
To help small business owners and entrepreneurs save taxes through legitimate and easy ways, we asked experienced entrepreneurs and financial advisors this question for their best strategies. From hiring family members to implementing HSAs, there are several simple ways that may help you save taxes.
Recordkeeping for business is vital; it's required for tax purposes, employee records, and helps you know how your business is doing,
The unexpected can happen at any time, and when it does, you have to reevaluate your business plan so you can survive and move forward. Sudden market changes can bring a business to its knees, but with good preparation, your business can stay standing and grow even stronger and bigger.
Make sure you're financially prepared for the new year by setting attainable financial goals for your small business.
SCORE resources are listed as a way for individuals to find grants for small business owners across the United States .
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