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Tips and Resources to Scale Your Small Business

Success

“Every business has different startup costs, but they all have one thing in common: having a financial cushion,” says Bob Marshall, the business growth and strategy executive for the Small Business Development Group at Wells Fargo Bank. You need to know what your costs will be and whether your business is scalable.”

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Hello Alice Co-founders Carolyn Rodz and Elizabeth Gore Are Fueling the Small Business Ecosystem

Success

A journey filled with unexpected events is an apt comparison for what many small business owners encounter in entrepreneurship. During a conference in 2015, the future co-founders started talking about a mutual passion to address the problem of equity in the small business space. What is Hello Alice?

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3 most common Small Business Administration loans—and which type might be good for your business

Ruby

million strong, small businesses account for 99.9% of all American businesses. To help support these small but mighty drivers of the American economy—which collectively employ more than 45% of the nation’s labor force—the Small Business Administration offers a variety of business loans to help them grow and succeed.

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Can AI improve one of the most expensive (and boring) parts of work?

Work Life

Today, Gusto , a payroll and HR software platform for small businesses, rolled out a new AI “assistant” named “Gus” that promises to simplify compliance and save companies from crushing fines. But for now, think of AI as a way to help early small business owners. She just didn’t know all the intricacies.”

Payroll 96
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Can employee ownership improve capitalism?

Work Life

For example, advisors or business owners may mistakenly believe employees have to pay for the business out of their pockets, raising concerns whether employees have sufficient financial capacity. But confounding factors can make financing the deal a challenge. Over half of small business owners are near or at retirement age.

Finance 98
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Shortage of high-quality data threatens the AI ‘boom’

Workplace Insight

Yet significant challenges and risks are attached to widescale adoption, including – in the case of generative AI – reliance on a handful of machine learning datasets that ODI research has shown lack robust governance frameworks. It also outlines the ODI’s recommendations for creating diverse, fair data-centric AI.

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9 Steps to Start a Business as an Ex-Convict Entrepreneur

Success

Even if found innocent, an arrest can affect a customer’s decision to patronize a business. Felon entrepreneurs face additional challenges, including not being able to rent a commercial space for their business and not being able to get start-up financing. More Americans face these challenges than many expect.

Banking 52