Entrepreneurs continue to navigate a number of challenges operating their businesses, more than two years since the COVID-19 pandemic started. Small Business Majority and Start Small Think Big surveyed small business owners and managers in their networks to understand their current business conditions, how they are faring amid rising inflation, and what they need to maintain and grow their businesses over the next six months to a year.
Once an entrepreneur, always an entrepreneur, right?
John Martin, the CEO and founder of the North Carolina-based consultancy group Martin-Sloane International and Martin & Company, is on his second-time around as an entrepreneur.
He originally started a small IT consulting firm in 1994, which he eventually sold in 1997.
Martin Garcia opened Gramercy Gift Gallery in 2018, in the bustling city of San Antonio, T.X., with the vision to fill a gap in his community. As a minority-owned business, Gramercy Gift Gallery brings unique gifts, art, decor and novelties to a community that continues to expand, grow and attract retail chains. And while the growth is rapid in the area, small businesses and independent shops are still scarce.
In communities across the United States, it is the jobs small businesses provide and the consumers they serve that keep our economic recovery moving. However, this recovery is threatened when small businesses are faced with costly and frivolous lawsuits brought on by patent assertion entities—commonly referred to as patent trolls. Small Business Majority's national scientific opinion polling found small firms support patent reform legislation that would help prevent patent trolls from targeting small businesses.
Small business owners are strongly opposed to the FCC’s recent move to repeal rules enforcing net neutrality, according to recent scientific opinion polling. Specifically, the poll found that 56% of small business owners oppose the repeal of the rules, with nearly 4 in 10 (39%) strongly opposed.
Technology has transformed the way small companies do business, and while this has helped small businesses and entrepreneurs access more customers and new markets in new ways, it’s essential that we talk about the risks associated with moving business online. The rise of new technology can lead to severe security issues, and unfortunately many small businesses are unaware of measures they can take to help ensure the security of their and their customers’ information. That’s why we’re sharing tips and resources for small businesses during October’s National Cybersecurity Awareness Month.
Elizabeth James has a soft spot for small businesses.
“I understand that the small businesses of this country are not only a place to work, but are the culmination of someone's dreams and aspirations,” she says. Elizabeth’s family owned businesses and she attended University of California’s School of Business, so starting her own company seemed like a no-brainer. After garnering a unique expertise in tax and controller services, Elizabeth decided to open up her own bookkeeping and tax prep firm, Rincon Controller and Tax Services, Inc., in 2012 in Carpinteria, Calif.
Elizabeth says, “I realized that small businesses need the services and guidance that are available to larger companies, but often beyond small business' pocket books. Tax and controller services in particular are typically exclusive corporations, and I wanted to change that.”
Entrepreneur Clifton Broumand has an advanced degree in trial and error, and if you ask him he’ll tell you his studies were not cheap.
“I had a very expensive education – instead of getting an MBA at a university, I got a Ph.D. in making mistakes and learning from them,” said Clifton.
What happens when you put more than 100 small business owners in a room together to discuss the biggest issues facing small businesses today? That’s what we found out during our inaugural Small Business Leadership Summit, a three-day event of education, collaboration and action that took place May 11-13 in our nation’s capitol.