PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Business Intelligence: Tips, Trends and Resources for Entrepreneurs

By at 21 October, 2019, 7:35 pm

Curated content and upcoming events to help your startup or small business grow and succeed.

STARTUP SUCCESS VIRTUAL CONFERENCE, OCTOBER 24 

12:00 PM ET – 5:00 PM ET / 9:00 AM – 2:00 PM PT

Hosted by SCORE

Join SCORE and FedEx for the Startup Success Virtual Conference. This half-day conference takes place completely online and registration is free to the public.

Attend this exciting conference to learn how to successfully launch and grow your own small business. This virtual event will offer: exclusive educational webinars led by industry experts, online business mentoring, prize giveaways, networking opportunities, and free business resources. Get the information you need to succeed as a small business owner from the comfort of your own home or office.

Download the AGENDA here. Register here.

 

BARBARA WELTMAN: What to Know About the Federal Overtime Rule

A new federal overtime rule takes effect on January 1, 2020.  Small business expert and SBE Council advisory board member Barbara Weltman provides a run-down about the new rule in a blog post, and writes: “Unless a worker is exempt from the Fair Labor Standards Act (FLSA), the overtime pay rule applies. Exempt employees are those earning a regular salary of more than $684 per week (up from the previous level of $455 per week). This comes out to $35,568 per year.” Read more about it here.

 

RAMON’S SMART HUSTLE GROWTH CONFERENCE 

October 25, 2019    NYC

Join SBE Council and hundreds of business owners at the 14th Annual Smart Hustle Growth Conference in New York City.

Use code “SBECOUNCIL” for a 20% discount. Register here.

This full-day event brings together Mark Levy, Simon Sinek’s brand coach; Josh Cohen founder of Junk Luggers; John Jantsch of Duct Tape Marketing and many more! SBE Council’s Karen Kerrigan will also join in the fun and learning experience.

Network, learn and be inspired. The event is produced by Ramon Ray, entrepreneur, author and global speaker, and SBE Council member. The Smart Hustle Conference is built for business owners to learn how to scale and grow their businesses.

In the heart of Times Square, spend a day with other business owners to encourage and learn from each other!

You’ll hear from:

Deepti Sharma: How she’s built her catering business focused on immigrants and women.

Rachel Michaelov: Her accounting business is rocking thanks to Facebook.

Danny Mizrahi: His tech company is scaling due to steady and consistent business processes.

Ivy Slater: Entrepreneur, author and coach, shares her tips for female founders.

Tony Chatman: Author and consultant will give his best insights in how to LEAD.

Martin Jones: Social media influencer, shares his best tips on digital marketing.

Jess Todtfeld: Will help you understand how to create buzz and get the attention of the media for your business.

Register here for your 20% SBE Council discount. See you in NYC!

 

SMALL BIZ DAILY: Digital Marketing Trends to Watch For in 2020

Digital marketing continues to evolve with each passing month and year. Some “trends” from early 2019 are still getting traction, while others are becoming more practical for small business owners to utilize. Get the rundown, and where things are headed in this Small Biz Daily blog post.

 

BARBARA WELTMAN: Solutions for Better Cybersecurity

October is Cybersecurity Awareness Month, making it a great time for small businesses to “audit” their cybersecurity practices. Small businesses are highly vulnerable to cybersecurity attacks, and it is very costly for a small firm to survive such an attack. In fact, many do not survive. In a blog post, small business expert and SBE Council advisory council member Barbara Weltman provides some ideas to consider and implement to prepare for a potential cyber attack.

DYK 36% of small businesses faced data breaches in 2019? Read more about it in Small Biz Daily.  And, according to the 2018 Verizon’s Data Breach Investigations Report, 58% of cyberattack victims were small to mid-size businesses.

 

OFFICE OF ADVOCACY: Helpful Federal Rulemaking Resource for Small Businesses

A new resource from the Office of Advocacy is available to help small businesses understand how to participate in federal rulemaking.

A Basic Guide to Federal Rulemaking and Small Business” helps small businesses understand their role in the federal rulemaking process. It outlines steps to a new regulation, how to express concerns or support for a proposed rule, how public comments affect a final rule, and more.

“Small business often asks us how they can be heard when a new rule is proposed,” said Acting Chief Counsel Major L. Clark, III.  He said the new resources “will be incredibly helpful” to small businesses so they understand how their voices can be heard.

 

ICYMI: How Health Reimbursement Agreements (HRAs) Help Employers Expand Coverage Options for Their Employees

In a recent CMS.gov blog post, Randy Pate, CMS Deputy Administrator and the Director of the Center for Consumer Information and Insurance Oversight, explains new Trump Administration rules that expanded HRAs, which are employer-funded accounts that workers can use to pay for health insurance premiums or medical expenses. As noted by Pate: “Employees can spend the money in their HRA accounts on insurance policies they may prefer outside the workplace. The funds are tax free to both the employer and employee.”  HRAs are a solid option for small businesses, which became more practical under the new rule change. Read the full blog post (plus resources) here.

 

FORBES: Startup Restaurants Find Willing Investors Via Crowdfunding

In a recent Forbes.com article, Devon Thorpe provides a peak into a new report recently released by Crowdfund Capital Advisors (CCA), which is a big data deep dive into what is driving restaurants to turn to their customers for funding. According to CCA, not only are these restaurant entrepreneurs raising seriously capital “they are invigorating local communities.”

As noted by Thorpe in his piece: “Restaurants have proven to be a good fit for investment crowdfunding. The report says, ‘In the first year of Reg CF, 22 early restaurant adopters jumped into the funding space. This number doubled to 45 by the third year. A 205% growth in just 2 years. This year the industry is on target to fund 84 restaurants. With an inflection point coming, we believe 400 restaurants per year will seek funding by 2024.’”  According to the report, these entrepreneurs raise on average $240,000 in 90 days, which funds over 60% of the median start up financing needed by restaurants.”  The restaurant industry report is the first in a series of industry reports that will be published by Crowdfund Capital Advisors.  Learn more here.

 

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