Southeast Asia’s e-commerce market could grow by more than $260 billion by 2030 if major online shopping marketplaces do more to encourage and enable women entrepreneurs, a new report from the International Finance Corporation found. The “anonymity” of e-commerce has reduced many of the barriers to entry traditionally faced by women and afforded them the
Small Business
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images The wealthy may have a whole other reason to dread President Joe Biden’s proposal to overhaul taxes on inheritances: They may have to dig through decades’ worth of documents
Angela Muhwezi-Hall and Deborah Gladney started QuickHire, a hiring platform, during the pandemic. Deborah Gladney When the coronavirus pandemic shut down businesses across the nation, sisters Angela Muhwezi-Hall and Deborah Gladney decided it was the perfect time to start a new one. It was an idea they had been mulling over for years: a hiring
Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images Treasury Secretary Janet Yellen is under fire from Democrats and Republicans alike for skipping an appearance before the House Small Business Committee
When Yin Ou’s family moved to the United States from Myanmar in 2009, her mother had to work minimum-wage jobs like jewelry packaging and babysitting to provide for the family. “My parents didn’t have the knowledge to start a business, or get an IRA or invest,” says Yin, who lives in New York’s Queens borough.
Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son, she discovered the baby had a full head of hair — and found few products
Carmelo Ramos gave back his $11,458 PPP loan because he qualified for more money. He ended up with nothing when the program ran out of funding as he was reapplying. Carmelo Ramos When Carmelo Ramos, 36, got his second-draw loan from the Paycheck Protection Program in February, he was grateful. The $11,458 loan was more
Arizona Gov. Doug Ducey talks to reporters after meeting with then-President Donald Trump at the White House on April 3, 2019. Chip Somodevilla | Getty Images Some states are paying one-time bonuses up to $2,000 to unemployed workers who accept a job. It’s part of a broader strategy to address a perceived labor shortage, though
Tori Dunlap started her first business at 9 years old. By the time the now 26-year-old entrepreneur reached high school, she had a network of 15 vending machines pulling in money 24 hours per day. But profits weren’t the only thing Dunlap received. The business translated to a lot of lessons about life and money,
Treasury Secretary Janet Yellen speaks during a daily news briefing at the White House on May 7. Alex Wong | Getty Images President Joe Biden is calling for a crackdown on rich taxpayers who avoid tax by hiding a big chunk of their income from the IRS. Tax compliance is among the many ways Biden
In this article DIN Rendering of a Flip’d by IHOP location Source: IHOP IHOP will launch its fast-casual spinoff, Flip’d by IHOP, in July — more than a year after initially planned. The Dine Brands chain first unveiled Flip’d in late 2019, positioning it as a way to win over consumers in busy urban areas.
When the Covid pandemic hit, small business owners across the country scrambled to stay afloat. Those who managed to stay open were the fortunate ones. As of May 5, the number of U.S. small businesses that are open decreased by 33.8% compared to January 2020, according to Opportunity Insights, a Harvard-based economic tracker. Here’s how
Leo Lee and his wife, Lydia, relied on takeout and delivery services to keep their Los Angeles restaurant, RiceBox, afloat during the pandemic. Source: Leo Lee Like many small business owners around the country, Leo and Lydia Lee saw the earnings from their Los Angeles restaurant nosedive when the Covid pandemic hit. They also had
In this article CMG Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters As the labor market heats up, Chipotle Mexican Grill announced Monday it’s raising pay for restaurant workers, reaching an average of $15 an hour by the end of June. The
Thomas Barwick | DigitalVision | Getty Images Women entrepreneurs have long gotten a small slice of the venture-capital funding pie. Female VC leaders are trying to change that. In fact, opportunities abound for “wontrepreneurs,” said Julie Sandler, managing director at startup studio and venture capital fund Pioneer Square Labs, based in Seattle. She spends most
Tetra Images | Tetra images | Getty Images Over the last year, lawmakers have passed many tax breaks for businesses due to the coronavirus pandemic. Now, the Biden administration is encouraging the hardest-hit businesses to take advantage of one especially large tax break, the employee retention credit. The employee retention credit was first established in
You probably didn’t go to a live concert in 2020. The majority of festivals, fairs and sporting events were canceled across the globe in 2020 to help stop the spread of the coronavirus. Alex and Kelsey Carroll’s company, Toss Up Events, designed and operated unique fan experiences at major sporting events across the country. Cancellations
People enjoy a stroll through Historic Annapolis Main Street in Annapolis, Maryland on April 29, 2021. Marvin Joseph | The Washington Post | Getty Images For Mitch Hughes, chief executive of Vizz, a construction management software firm he founded in 1996, the pandemic created ideal conditions for acquisitions. Vizz, which runs a visualization platform
Shirley Chung prepares a dish at the Michael Muller’s HEAVEN, presented by The Art of Elysium, event on Jan. 5, 2019 in Los Angeles. Phillip Faraone | Getty Images Entertainment | Getty Images When the pandemic hit, chef and reality TV star Shirley Chung quickly pivoted her restaurant business to manage through the crisis. Dealing
Ariel Skelley | DigitalVision | Getty Images A lack of paid leave and access to quality child care has long been an issue for working parents in the U.S., advocates argue. The coronavirus pandemic has only exacerbated the issue, with some parents — mainly women — ditching their jobs to care for their kids. A