Small Business

Rebecca Minkoff, who spent 20 years building her business, is hopeful about her post-pandemic future. Source: Rebecca Minkoff When Rebecca Minkoff landed in New York at the age of 18, she had some money saved and big dreams of becoming a fashion designer. “I had $10,000 in savings from babysitting, bat mitzvah money that I’d

In this article SUN Taking out a loan isn’t always the best option when you need cash. But if you find yourself in a bind, there are a few guidelines you should follow to make sure you get the best deal.    Your first step when thinking about borrowing money to pay bills should always

In this article F GM A sign is unveiled at General Motors Detroit-Hamtramck Assembly on Oct. 16, 2020, introducing the facility’s new name: Factory Zero, Detroit-Hamtramck Assembly Center. GM After years of come-and-gone predictions that battery-powered sedans, pickups and SUVs would replace gas-guzzling, emissions-spewing models, the shift to electric vehicles is revving up. Beyond EV

A Help Wanted sign in the Queens borough of New York on June 4, 2021. Spencer Platt | Getty Images News | Getty Images There are 25 states ending their participation in federal unemployment programs early — some as soon as this week. Alaska, Iowa, Mississippi and Missouri will be the first to opt out

A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey. Spencer Platt | Getty Images News | Getty Images The weaker-than-expected April jobs report fueled speculation of U.S. labor shortages and led some state officials to declare an early end to enhanced unemployment benefits.  

LGBTQ small business owners are having a difficult time getting back to business pre-pandemic. Just over 20% are having a hard time finding employees, according to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey. The lack of workers could wind up hampering their efforts. Of those facing a hiring crunch,

MoMo Productions | Stone | Getty Images LGBTQ small business owners are confident about their post-pandemic recovery, but more than 78% don’t have a succession plan in place, according to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey. Since many small businesses are handed down generation to generation, that’s really

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Instead of jumping to a conclusion about the post-Covid consumer, revert back to one that psychology studies educated us on long before the pandemic. Individuals don’t change habits easily,

A store advertises a Help Wanted sign in Annapolis, Maryland, on May 12, 2021. JIM WATSON | AFP | Getty Images Long-term unemployment fell for the second straight month in May, an encouraging shift away from the recent near-record levels fueled by the economic carnage of the Covid pandemic. Economists classify long-term unemployment as a

Maryland Gov. Larry Hogan Chip Somodevilla | Getty Images News | Getty Images Around 3.7 million Americans will be affected by states’ early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data. In the past month, 25 states have announced plans to end pandemic-era benefits ahead of their formal expiration

Southeast Asia’s e-commerce market could grow by more than $280 billion by 2030 if major online shopping marketplaces do more to encourage and enable women entrepreneurs, a new report from the International Finance Corporation found. The “anonymity” of e-commerce has reduced many of the barriers to entry traditionally faced by women and afforded them the

Southeast Asia’s e-commerce market could grow by more than $260 billion by 2030 if major online shopping marketplaces do more to encourage and enable women entrepreneurs, a new report from the International Finance Corporation found. The “anonymity” of e-commerce has reduced many of the barriers to entry traditionally faced by women and afforded them the

President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images The wealthy may have a whole other reason to dread President Joe Biden’s proposal to overhaul taxes on inheritances: They may have to dig through decades worth of documents

Angela Muhwezi-Hall and Deborah Gladney started QuickHire, a hiring platform, during the pandemic. Deborah Gladney When the coronavirus pandemic shut down businesses across the nation, sisters Angela Muhwezi-Hall and Deborah Gladney decided it was the perfect time to start a new one. It was an idea they had been mulling over for years: a hiring

Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images Treasury Secretary Janet Yellen is under fire from Democrats and Republicans alike for skipping an appearance before the House Small Business Committee

When Yin Ou’s family moved to the United States from Myanmar in 2009, her mother had to work minimum-wage jobs like jewelry packaging and babysitting to provide for the family. “My parents didn’t have the knowledge to start a business, or get an IRA or invest,” says Yin, who lives in New York’s Queens borough.

Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son, she discovered the baby had a full head of hair — and found few products

Birdies shoes sold out in late 2020, leaving the company unable to meet the year-end demand. Source: Bianca Gates As women across the country ditched their heels during the pandemic, shoe company Birdies thrived. The direct-to-consumer brand touts itself as a “stylish flat that’s secretly a slipper.” The result: 300% year-over-year growth in April 2021.

Carmelo Ramos gave back his $11,458 PPP loan because he qualified for more money. He ended up with nothing when the program ran out of funding as he was reapplying. Carmelo Ramos When Carmelo Ramos, 36, got his second-draw loan from the Paycheck Protection Program in February, he was grateful. The $11,458 loan was more

Arizona Gov. Doug Ducey talks to reporters after meeting with then-President Donald Trump at the White House on April 3, 2019. Chip Somodevilla | Getty Images Some states are paying one-time bonuses up to $2,000 to unemployed workers who accept a job. It’s part of a broader strategy to address a perceived labor shortage, though