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Unfortunately, many smallbusiness owners don’t have the budget for big-ticket seminars or workshops, so they assume all company-sponsored professional development is simply out of reach. Sadly, this is often to the detriment of their business, and their bottom line. They’re also a great way to boost employee retention.
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Jehan Noon: Yeah, we provide resources for local businesses to scale their company. And my background was I worked for Deloitte Consulting for 10 years doing outsourcing for investment banks, started a few companies, needed some back-office support. And I figured if I could do this for banks, I could do this for my company.
But that doesnt change the fact that the Secretary of Education has slashed the DoE workforce , and the president has floated the idea of moving student loan responsibilities to a different department, like the SmallBusiness Administration (SBA). Borrowers are subject to the legal loan contracts they signed with the DoE.
When the bare minimum, like food and gas, are breaking the bank, buyers tend to cut costs where they can, but it’s not a sustainable fix. Many indicators, such as smallbusiness retail sales appearing up 2.1% Household debt is also rising, with mortgage debts at the top of the list at a $77 billion increase.
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