Small Business

My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up for a strong shopping season. Courtesy: My Secret Stach Karen Hilt owns My Secret Stash in Traverse City, Michigan, retailing products from local artists and sellers— and business has been booming. Hilt’s feeling optimistic about

Early in 2020, Sam Lyon’s new job fell through because of a coronavirus hiring freeze. That’s when Lyon decided to create what he calls the “Uber Eats Challenge.” The Salem, Oregon, resident committed to delivering food for 12 hours per day every day in June, aiming for a pace that would amount to $100,000 a

Morsa Images | DigitalVision | Getty Images Job listings are requiring applicants get vaccinated in increasing numbers, and the trend appears poised to continue. The number of job postings mandating candidates have a Covid-19 vaccine doubled since the end of September, according to an analysis published Tuesday by Ladders, a career site for higher earners.

Tetra Images | Tetra images | Getty Images In a time of record mergers-and-acquisitions activity for financial advisory firms, designing and implementing a succession plan has become a critical element for success. This volume and breadth of M&A activity has increased the pressure on, and options for, firm owners. The median registered investment advisor firm

A “Now Hiring” sign outside a store on Aug. 16, 2021 in Arlington, Virginia. OLIVIER DOULIERY | AFP | Getty Images On the surface, conditions may seem ripe for a boom in the U.S. labor market. There are still 5 million fewer jobs than before the pandemic but job openings are near record highs. And

In this article V MA BAC Americans are increasingly using plastic to spend their money, enabling Visa to grow its dominance in the credit and debit card space. People in the U.S. spent $6.7 trillion through credit and debit cards in 2019, up 88% from 2009, according to a 2020 report by HSN Consultants. Of

In this article FB A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Lakinya Francis is building a LinkedIn account, Haley Sanchez is expanding her email list and Michael Elefante plans to build out his website. “We get so fixated on what’s working and that’s fine but we need to have a

Having a strong safety net can make it easier to take big risks. For Tori Dunlap, founder of financial education company Her First 100K, that security came in the form of $100,000. Dunlap, 27, landed an entry-level marketing job after graduating from college and soon learned the corporate grind wasn’t for her. The Seattle resident,

Ruby Bugarin owns two restaurants in California and is being hit by rising supply chain struggles and inflation. Courtesy: Ruby Bugarin Restaurants around the county were looking ahead to the economy’s reopening over the last few months, as Covid vaccines became more widespread and pent-up consumer demand was palpable. But headwinds from supply chain disruptions

Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images The Federal Deposit Insurance Corp. will unveil this week a new investment fund backed by corporate giants that

When Tina McGonagill wanted to expand her food container business, she took on an investor she met at a trade show. For $50,000, she gave Trent Lowenstein a 20% stake in Big Fat Lunch. Yet before she spent the money, the two were at odds over the best strategy to increase profits. McGonagill wanted to

Zach Gibson | Getty Images News | Getty Images The Covid pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Department of the Treasury watchdog. That represents a 3,230% increase relative to the end of 2019, when the

Phil Roeder Congressional Democrats are considering reforms to the 20% pass-through tax deduction as part of a $3.5 trillion federal spending package. Democrats’ proposal would phase out the tax break for business owners with taxable income exceeding $400,000, according to a discussion list obtained by CNBC. It would also make the tax cut available to

Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications from small businesses, including demographic and pricing data and reasons for which lenders deny a

Michael Lee | Moment | Getty Images There were fewer small businesses open and hourly employees working in August relative to July, indicating that the Covid-19 delta variant may be dampening the U.S. economic recovery, according to data from Homebase, which supplies employee scheduling software to employers. The number of employees working dropped 4% in

Deciding if and when to expand a business isn’t an easy task. When partners disagree, it also adds some tension into the mix, especially if they are married. For Chris and Emily Elias, it was a debate over whether to broaden their existing mobile dog-grooming business, Massapequa, New York-based The Ruff Life, into other cities

MoMo Productions | Getty Images More than a year into the Covid-19 pandemic, many American employees who have been working from home are itching to get moving again. But that doesn’t necessarily mean returning to the office. For many, it means finding new jobs. A survey released by Bankrate.com this week found that 55% of

In this article YUM CMG MCD To mandate, or not to mandate? That’s the question facing down restaurant owners and operators during one of the most challenging hiring environments in decades. The Food and Drug Administration approved Pfizer and BioNTech’s Covid-19 vaccine on Monday, opening the door for workplaces to opt to require workers to

In this article MNTV The rise of the delta variant, a highly contagious strain of Covid-19, is disrupting reopening plans across the country and introducing even more uncertainty on Main Street. Nearly six in 10 small business owners in the latest CNBC | Momentive Small Business Survey say the new threat is making them shift

A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York City, New York, U.S., May 26, 2021. Andrew Kelly | Reuters The labor shortage has forced businesses both big and small to find new and creative ways to attract workers. Half of the small business owners polled in the Q3