Just Goods in South Bend, Ind., which sells fair trade and green products, is among the small companies that are expecting a big boost from Small Business Saturday. "Some of our old regulars want to come out that day because it's a celebration," said owner Becky Reimbold.
Borrowing large sums of money or finding an investor may not be a realistic option as you attempt to get your business off the ground, so it's important to cut back on your personal expenses. Also, focus on paying down debt and growing your savings, writes Han-Gwon Lung, co-founder of Tailored Ink.
Al Silva, a Play It Again Sports franchisee in California, faced two years of construction when the plaza where his store was located was renovated in the mid-2000s. Entrepreneurs can conquer the challenges they encounter by keeping a positive outlook, relying on high-quality employees and connecting with other business owners, Silva writes.
Anytime Fitness is offering to donate to help feed hungry families when workout photos are posted using the hashtag "BurnTheTurkey." The promotion offers the opportunity to combine exercise with "doing something good as a gym," said Judi Kay, owner of Anytime Fitness in Waynesboro, Va.
Quickservice brands can stand out in mall food courts by using rewards apps and seeking to create real connections on social media, writes Joseph Szala, principal and brand strategist for Vigor. Tapping into opportunities for third-party food delivery can also help, he writes.
The House tax bill would directly benefit small businesses by reducing rates for pass-through entities, writes Gene Marks, owner of the Marks Group. Provisions that would lower corporate tax rates would also help, as many small businesses rely on larger companies for work, he writes.
Sen. Lisa Murkowski, R-Alaska, has expressed support for repealing the individual mandate provision of the Affordable Care Act, saying that such a move would give "people the freedom to choose." Her stance could increase the odds of passing the Senate tax bill, which includes mandate repeal.
Reaching out to existing leaders within your organization, as well as investors and advisers, can help you find high-quality candidates to fill an open position. Doing deep research into the kind of candidate you are looking for and contracting with an outside firm or consultant may also help.
AdoreMe will pay $1.38 million to settle a case brought by the Federal Trade Commission over the lingerie startup's billing practices. The FTC alleged that the company has made it difficult for customers to cancel their monthly subscriptions.