March 29 is National Mom and Pop Business Owners Day—a day to celebrate the value that family-owned small businesses bring to their communities. These days, Mom and Pop businesses face many challenges as they compete against larger retailers and service providers with expansive budgets.
Starting a small business is an exciting time. It can also come with a few challenging moments.
Initiating a conversation about financing isn’t always easy, but tackling these conversations head on (and early on) can prevent major small business ownership headaches down the road. Continue to research your options and have financial conversations often to ensure you know what you are jumping into before, during and after you get your business off the ground.
Mortgage insurance is generally required on mortgages whose down payments are less than 20% of the property value. Historically, making a 20% down payment has been a difficult hurdle to clear for many homebuyers. Mortgage insurance was created to reduce that barrier and help more people afford homeownership.
Damon Hopson wasn’t sure his professional cleaning company, Consultant Services, Inc., could remain in business when his clients were past due on invoices, but an SBA-guaranteed loan in 2007 helped him bridge the gap. Since then, he has cut his debt, built his profit margin, and grown his workforce to 49 employees.
Home builders are quite confident about housing market conditions. The December NAHB Housing Market Index jumped five points from November to 74, above the 70 expected. This was an 18-year high! The index is based on a monthly survey of National Association of Home Builders members, designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months, as well as the traffic of prospective buyers of new homes.
As an independent retailer, you’ve got to use every weapon in your arsenal to get shoppers into your store this holiday season. But you may be underutilizing one marketing tool that’s right in front of your eyes: your window displays. Try some of these 9 tips to attract more customers with holiday window displays.