The annual open enrollment period began on November 1, 2023 and ends on January 15, 2024 for small business owners and self-employed individuals who access health insurance through the individual marketplace. Entrepreneurs and small business employees can make changes to their healthcare plans, re-enroll or renew their plans. Below are some key tips and best practices to keep in mind during open enrollment.
Small businesses are looking for ways to stay competitive in the new digital economy, especially as they continue to face challenges exacerbated by the COVID-19 pandemic.
Today, an estimated 13 million businesses are led by women entrepreneurs in the United States, accounting for about 43% of all businesses. Unlocking their earning potential through entrepreneurship is a great pathway to achieving gender parity and building economic independence and generational wealth.
NOTE: The Internal Revenue Service (IRS) has placed a moratorium on new Employee Retention Tax Credit applications through the end of the year. The halt to this program comes amid a surge in fraudulent claims and aggressive marketing practices to ineligible applicants. The agency is expected to put in place more safeguards for small business owners to protect them from unscrupulous entities.
The federal government created the Employee Retention Credit (ERC) in response to the detrimental effects of the COVID-19 pandemic on small businesses. As part of the CARES Act, the ERC offers ta...
In 2022, Small Business Majority, in partnership with Support Latino Business and Modern Woodmen Fraternal Financial, awarded critical funding to three Latina business owners through their annual #SupportSmallBiz grant program. The grant program bridges the gap in small business funding for Hispanic and Latino businesses, which often face challenges and systemic barriers in getting the capital and resources they need to start, grow and expand their enterprises.
In the United States, nearly 1 in 4 new businesses is Hispanic- or Latino-owned. And while they make up almost 10% of all businesses in the country, these businesses also faced the brunt of revenue loss and business closures during the COVID-19 pandemic. Below you’ll find grant and loan programs that are working to increase access to capital for Latino and Hispanic businesses.
The U.S. Small Business Administration (SBA) has recently made significant changes to their small business loan programs to help level the playing field and boost access to credit for smaller businesses. Read below for more information about those changes and what you can expect.
With new technologies emerging at a rapid pace, it’s more important than ever for business owners to stay abreast of new strategies and platforms that can help their businesses grow. The Verizon Small Business Digital Ready program, for example, provides free resources, networking and coaching sessions tailored to meet entrepreneurs and their unique needs.
It all starts with search. You’re searching for your small business on Google to see how easy it is for your customers to find your business. You get organic search results, with paid ads right up top–but you can’t see your business listing or it ranks down below on the search results?
Read on to find out how you can use Google’s tools and resources to promote your small business online and improve your discoverability.
The U.S. Small Business Administration (SBA) is providing additional measures to accommodate COVID Economic Injury Disaster Loan (EIDL) borrowers who are experiencing short-term financial difficulties. The program, known as the Hardship Accommodation Plan, allows eligible borrowers to make reduced loan payments for six months. However, it’s important to note that interest on these loans will continue to accrue, which may increase or create a balloon payment at the end of the loan term.
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