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Angle down icon An icon in the shape of an angle pointing down. Getty; Rebecca Zisser/BI Staff at some Pure Barre, CycleBar, Row House, and other high-end fitness studios aren’t being paid.The employees work at locations bought by Mitch Brown from franchisor Xponential Fitness.Brown’s two-month tenure is marked by bizarre emails and strange Zoom calls mixed with radio silence. There’s trouble in perfectly toned paradise.Several locations of Pure Barre — the ballet-inspired workout studio that serves an upscale clientele with boutique fitness classes in dim, flatteringly lit studios across the country — have suddenly shuttered.Outposts of CycleBar, Row House, and…
Students taking part in the business plan contest November 20, 2023 2:30 PM Mercer Island High School student Luca Cerro won the business plan competition for young entrepreneurs in Seattle on November 4. Photo provided Mercer Island High School (MIHS) student Luca Cerro won first place in the Seattle Young Entrepreneurs (SCYE) business plan competition held on November 4th. MIHS young entrepreneurs Benjamin Viafore, Nikesh Woerner and Douglas Stovall organized the competition in partnership with the MIHS chapter of DECA. With the help of MIHS teacher and advisor Jen McClellan and the Mercer Island DECA chapter, the students founded the…
Written by Riva Lesonsky The holiday shopping season is critical to the economic survival of many small businesses.getty The good news for U.S. retailers (online and brick-and-mortar) is that the National Retail Federation (NRF) recently released its holiday spending forecast, showing that holiday spending is expected to set a new record. From Nov. 1 to Dec. 31, U.S. consumers could spend $957.3 billion to $966.6 billion, an increase of 3% to 4% from 2022. EC sales will continue to grow. Online shopping volume (included in total) is expected to reach $273.7 billion to $278.8 billion, up 7% to 9% from…
Small businesses must adapt to a constantly changing market. To meet customer needs and stay ahead of your competitors, it's important to monitor the trends that impact how your business operates, and there's no better time to reflect than at the start of a new year. To help you with this, we worked with experts in finance, marketing, technology and human resources to find out what to expect next year and how to set your small business up for success.Trends in small business financeExperts predict these trends will impact small business financing this year.Alternative funding sources meet unmet funding needs.For…
What is a qualified business income deduction?The Qualified Business Income Credit (QBI) is a tax credit that allows eligible self-employed individuals and small business owners to deduct up to 20% of their qualified business income from their taxes.Generally, to qualify, your total taxable income in 2023 must be less than $182,100 for single filers and $364,200 for joint filers. In 2024, the limit increases to $191,950 for a single filer and $383,900 for a joint filer.If you exceed that limit, complex IRS rules determine whether your business income is fully or partially deductible. The general structure of the qualified business…
Ronaldo amassed a huge fortune during his legendary soccer careerPortugal's Al Nasr star steadily grew a huge business empire It's a three-team title race…Tony could lead Arsenal to glory: All kick-offs Cristiano Ronaldo amassed a fortune during a legendary playing career that included spells at Manchester United, Real Madrid and Juventus, and currently plays in Saudi Arabia with Al Nasr.Ronaldo's decision to move to a Saudi Professional League club at the start of 2023 has reportedly increased his income even further, with him earning a staggering £173 million a year.The 38-year-old is known for diversifying his income with several business…
bedford candies Whether it's just a side hustle or a replacement job for your 9-to-5 job, starting a business takes courage, dedication, and hard work. But you're not alone. Pennsylvania State has your back. We can help you develop the business concept you've been considering finally taking the plunge with the help of our PA Business One Stop Shop, which can connect you to local resources like the Pennsylvania Small Business Development Center (SBDC).We spoke with Amanda Fink of Kutztown University SBDC. Learn more about what aspiring entrepreneurs should do as they begin their journey to becoming business owners. Learn…
It’s a competitive market out there, and businesses that want to succeed need to take advantage of every tool and resource within their reach. Smart decisions help businesses thrive, and reliable information is the key to intelligent decisions. Enter business analysis. You are about to get a primer on business analysts—learning what they are, why they are needed, what they do, and how to become one. If you’re running a business, you may realize why you need one in your organization, while those of you who are looking for a good career may have just found one! Let’s take our…
Entrepreneurs who create a business plan are more likely to be successful than those who don't. A sound plan not only helps businesses acquire investment capital but, as research has found, can also determine the success or failure of a business. Here we will discuss the key elements of a business plan to help you write one. What is a business plan? A business plan is a document that outlines your business goals and the strategy for achieving them. It can include your company's mission statement, details of your products or services and how you'll bring them to market, and…
If you buy something through our links, we may earn money from our affiliate partners. Learn more.Minority entrepreneurs are driving economic growth and innovation across industries. With updated statistics showing that black-owned businesses employ almost 1.2 million people, the importance of minority business loans cannot be overstated. These loans empower minority communities to start and expand businesses, contributing significantly to our economy. In this context, it’s essential to mention the growing interest in small business loans for minority women and small business loans for startups. Both these categories have seen an upsurge in demand and have become crucial for promoting…