Small Business Owner Retirements Hitting Rural American Especially Hard

An increasing number of small business owners are retiring. And in many communities – particularly rural ones – there aren’t enough young entrepreneurs looking to replace them. According to the 2022 U.S. Census Bureau Small Business Survey, about 52 percent...

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How This Agritech Business Shifted from Startup to Small Business

When Matthew Sanford and Glen Watson founded their agritech company Agulus, their focus was on the startup phase. The company offered something that, at the time, was innovative within the industry – a streamlined digital marketplace that facilitated the...

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Sophisticated Ghost Merchant Scheme Hits Chicago Business

Instances of fraud are on the rise, with U.S. businesses losing about 5 percent of their gross revenues to fraud. These schemes can be especially harmful to small businesses, and they’re getting increasingly sophisticated. For example, a small Chicago housing...

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Chain Pharmacy Closures Providing Opportunities for Independent Businesses

For years, independent pharmacies have struggled to compete with large chains. But now, a series of closures in some areas are opening up new opportunities for small businesses to thrive in this space again. For example, Rite Aid announced the...

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The Smallest Businesses Are Currently Facing the Largest Financial Struggles

Many small businesses are struggling right now. But it’s those with the fewest employees that are struggling the most. This realization comes from the Federal Reserve’s Small Business Credit Survey, which found that businesses with between one and four employees...

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How To Maximize a 30+ Minute Commute to Work

“What’s one thing you do to maximize a 30+ minute commute to work? How does this commute activity help prepare you for the day ahead, or decompress you from the work day?” Here’s what YEC community members had to say: 1....

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Mom and Pop Businesses Can Apply for Thousands in Grant Funding

Mom and pop businesses are often an important part of the cities they serve. Even large markets like Miami and Dallas benefit from supporting their local merchants. Below, we share several small business grant opportunities that aim to benefit...

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The Most Powerful Confidence Formula for Small Business Owners

When small business owners start a business, they have to have a lot of confidence; but as they come up against the market, customer acceptance, employees leaving, their confidence gets shaken. What is the best formula to get and...

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Treasury and IRS Finalize Digital Asset Reporting Regulations

The U.S. Treasury Department and the IRS have issued final regulations requiring brokers to report digital asset sales and exchanges. This regulation helps taxpayers file accurate tax returns for these transactions, which are already taxed under current law. Over 44,000...

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Treasury and IRS Finalize Rules on Corporate Stock Repurchase Excise Tax

The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations that provide guidance for taxpayers and tax professionals on reporting and paying the 1 percent excise tax on corporate stock repurchases. This new regulation...

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