Like all business owners, baby boomers are dealing with the current financial mess in different ways. Here are some suggestions for you, depending on your degree of optimism and your risk tolerance:
1. Restrict your cash flow and focus on essentials. Decide what is essential for your business and what is nice to have but not […]
CNBC recently released a ranking of U.S. states as to their competitiveness and top states in which to do business. CNBC used ten weighted categories and combined rankings for all categories to get an overall ranking.
The categories were (in order of most to least weight): cost of doing business (taxes), work force, economy (”solid” - […]
In my last post today, I talked about a new course from the SBA describing the types of loans they have available. Here is the second new course from the SBA.
The second one, How to Package a Loan Request, discusses the requirements for putting together a loan.
It also includes a list of “realities” about small […]
Over the next few days, I’ll be providing information on getting a loan for your small business - you know, the one you want to start after you “retire.”
First, the Small Business Administration has two new online courses (really just PowerPoints) that provide information about the types of loans available and how to package a […]
For a year or so, I used an online data storage system. I uploaded copies of all my writing (books, articles, blog posts) and all my financial data faithfully. But in the back of my mind, I always wondered if that was a good idea or a bad one.
The advantage is your ability […]
In my attempt to help you find that great second (or third) career, I’m continuing to look at businesses that baby boomers can start. Today it’s businesses in the beer-wine-alcohol industry, specifically microbreweries.
By the way, American Craft Beer Week was just a couple of weeks ago. Craft Brewers are “small, independent” breweries. A […]
I’m still not sure we’re really in a recession. “Experts” have been talking about a recession since January. I figure by the time they decide we are in a recession, it will be over. But we do know that the only certainty is uncertainty. And business people don’t […]
It seems that each of us in the U.S. has 19 feet of retail space allocated for our use. Historically we should have no more than 10 feet of retail space per person. So, we are overbuilt by 90%. Not a good sign for retailers or those who own retail property. For the moment retail is […]
If you have been following the news about National Small Business Week (which I guess is technically over), you might be interested in what the other b5media people have been saying about the phenomenon of Small Business from Accounting$olver:
Small is Beautiful (businesses, that is)
a Success Formula for your small business
The importance of Working Capital and
How […]
Which U.S. states are best and worst for small businesses? The Small Business and Enterprise Council has published a ranking of states in their friendliness for small businesses.
The friendliest states: 1)South Dakota, 2)Nevada, 3)Wyoming, 4)Washington, 5)Florida. The worst: 47) Iowa, 48) California, 49) Minnesota, 50) New Jersey, and 51) District of Columbia.
I have […]
business advice for boomers
Written by Jean Murray [email] for b5media.
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