A recent article “Paid family and medical leave proposal returning to NM Legislature” highlighted the importance of passing a robust state paid leave policy, a critical proposal for New Mexican small businesses and their employees that will be considered once again by the New Mexico Legislature.
Small Business News
“I think small businesses like mine really struggle to match the kind of benefits packages that larger corporations have to offer,” said Emilie Aries, founder and CEO of Bossed Up.
During the pandemic Peter Makin, owner of Brilliant Books bookstore in Traverse City, Michigan, created or expanded other revenue streams such as a book subscription service, holiday-themed boxes of books, and providing book fairs for local schools.
Inflation has clouded Nancy Clark’s plans to quickly repay the $52,400 loan taken out by Trails End Ice Cream, which operates three ice cream shops and a concession trailer in North Conway, N.H.
Seventy-three percent of small-business owners agree that the current tax code benefits the welfare of large corporations over small businesses. Georgia small-business owner Markela Taylor is tired of seeing small businesses getting the short end of the stick.
Cindy [Banton] is an organizational development consultant in Arizona. She never expected to get a cancer diagnosis while trying to start her own business. She went through aggressive medical treatment and all of her medical expenses were covered under healthcare.gov. Today she’s cancer free and a successful entrepreneur.
Despite the fights put up by some, others are looking forward to this addition. Lindsey Vigoda, the Colorado director for the Small Business Majority, said small businesses are struggling with hiring and recruiting post-pandemic as they try to compete with liveable wages and benefits. This program can offer a benefit package that can put them at an advantage to larger counterparts, Vigoda said.
Ask an investor why they choose to fund small businesses and they will probably tell you they enjoy empowering the local economy. Or they need to diversify their portfolio. Or working with independent entrepreneurs is satisfying – and rewarding financially.