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⏰ Estimated read time: 16 minutesMinority small-business grants offer funding you don’t have to pay back. Below, we’ve included the best small-business grants for minority business owners. We’ve also rounded up other resources where entrepreneurs of color can get free coaching and additional support. Although business grants can give you a leg up, competition tends to be stiff and funding amounts are usually relatively small. You may want to consider alternative financing options as well. We’ll start with a brief questionnaire to better understand the unique needs of your business.Once we uncover your personalized matches, our team will consult you on the…

⏰ Estimated reading time: 6 minutesof The average interest rate for small business bank loans ranged from 5.89% to 12.23%. in the third quarter of 2023, according to the latest data from the Federal Reserve.[0]. However, the price depends on many factors.Understanding small business loan costs can put you in a better position to make the best choices and save money as a business owner. Here's what you need to know about business loan interest rates and fees.We start with a quick survey to better understand your business's unique needs.Once we have found your personalized match, our team will be…

If you buy something through our links, we may earn money from our affiliate partners. learn more.Digital cameras can be an important tool for small businesses. If you have a website, social media channels, or other digital media, you need a high-quality digital camera. But how do you find the best digital camera for your small business?You may be tempted to simply take a photo using your smartphone's camera, but this may not give you the image quality you desire. Smartphone cameras have improved a lot over the years and are very capable, but your best bet for the best…

In business, the butterfly effect describes the phenomenon where the simplest actions yield the largest rewards. The butterfly effect was coined by meteorologist Edward Lorenz in 1960 and as a result, it is most often associated with weather in pop culture. Lorenz noted that the small action of a butterfly fluttering its wings had the potential to cause progressively larger actions resulting in a typhoon. AspectExplanationButterfly EffectThe Butterfly Effect is a concept from chaos theory that suggests that small, seemingly insignificant events or actions can have far-reaching and unpredictable consequences in complex systems. It is named after the idea that…

MONROE COUNTY, Ohio (WTRF) — Neighbors are helping neighbors in Monroe County, Ohio, after devastating tornadoes ripped through many areas of the county. Cleanup continues in Monroe County just weeks after a devastating tornado left residents overwhelmed with property damage. Fortunately, one local company is offering its services free of charge to those affected. Monroe County's excavator, TTA Services, is active and doing everything it can to assist in the extensive cleanup. The company's owner, Tyler Abbott, shares how he helped families today who saw their properties torn apart by the twister. “This barn was stripped down. It was torn…

Does the Chinese government have officials inside TikTok's parent company ByteDance pulling the strings? And will storing data from popular social media apps outside of China protect Americans? These questions appear to be dominating current U.S. thinking over whether to ban TikTok if its owner, Chinese tech giant ByteDance, refuses to sell the platform. But in my opinion, developed over 40 years as a researcher of China, its political economy, and business, both questions obscure a more interesting point. Furthermore, they suggest a serious misunderstanding of the relationship between the state and private enterprise in China. Simply put, China does…

Five of the six major US airlines have increased their checked baggage fees starting in January 2024. I'll fly American Airlines. In 2023, it cost $30 to check a standard bag with an airline. As of March 2024, the fare at U.S. airports is $40, a whopping 33% increase. As a business school professor who studies travel, I'm often asked why airlines turn away customers with baggage fees instead of bundling all fees together. There are many reasons, but an important and often overlooked cause is hidden in the U.S. tax code. loophole in tax law Airlines pay 7.5% of…

The average North American home is filled with products made in other countries—maybe tapestries from India, shoes from Indonesia, or electronics from China. These products find their way to you through import-export businesses. They’re the matchmakers of global trade who connect manufacturers with buyers in foreign countries, and vice versa. Now imagine a furniture maker wanting to sell products in foreign markets. An import-export business can help them find international markets and buyers for their goods. Types of import-export businesses Import-export businesses facilitate international commerce across borders. The three main types of import-export businesses differ in terms of focus, payment…

Many people dream of starting their own business. Running an enterprise in your home, garage or on the go means you can take more control over your professional goals, set more ambitious financial targets and achieve a more desirable work-life balance.But what if you’re ready to start a business but don’t know what type of services to provide? You’ve come to the right place if you need profitable business ideas. Below, find a detailed breakdown of 63 small business ideas — from financial services to physical labor and creative contracting — to help you chart a path forward.Some of these…

Hertz Global Holdings Inc. is replacing its CEO following a disastrous bet on electric vehicles that has begun to unwind in recent months. Stephen Sher, who ran Hertz for just over two years after spending 30 years at Goldman Sachs Group Inc., has decided to step down, the rental car company announced in a statement late Friday. He will be replaced by Gil West, former chief operating officer of General Motors' cruise robotaxi division. West will join the board on April 1, according to a statement confirming an earlier report by Bloomberg. Mr. Shah, 59, joined Hertz a few months…