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Last year, Boston launched a successful grant program to encourage entrepreneurs to make the most of vacant storefronts across the city. Now the city is opening a new round of funding to make an even bigger impact. Read on to learn more about this and other small business grant opportunities.Boston SPACE GrantBoston announced the second round of its SPACE Grant Program to support small businesses and fill vacant commercial space in downtown and other areas. The SPACE Grant Program, which helps local businesses affected by the pandemic, will award grants of up to $200,000 to up to 20 businesses in…

Important points According to KPMG's 2023 CEO Outlook Survey, CEOs rank geopolitics and political uncertainty as the biggest risk to business growth over the next three years.Just over half of investors surveyed by Investopedia said they were concerned that politics and the 2024 US presidential election would affect their investments over the next 12 months.KPMG reports that despite concerns about political instability, almost three-quarters (73%) of CEOs are confident in global economic growth over the next three years. Politics has become a top concern for many business leaders since last week's political standoff threatened to lead to a U.S. government…

In the unpredictable world of entrepreneurship, the debate continues: “Is luck as important as hard work?” For many executives, the key is to optimize for failure and understand that setbacks can provide valuable lessons for reinventing and refining strategy. Failure can hurt, but it can also provide important growth opportunities. Complementing hard work with personal rituals, such as wearing a lucky tie, can help entrepreneurs shape their mindset to seize opportunities. Through a combination of intuition, preparation, networking, and resilience, they are able to create, recognize, and capitalize on serendipity. Against this landscape of chance and grit, these five entrepreneurs…

Open a business bank account Keep your business and personal finances separate. Learn how to choose a business checking account and why it's important to have a separate business account. When you open a business bank account, you'll need to provide your company name and business number (BN) or DBA (if you're a sole proprietor and don't have a number). You can use this business bank account for business transactions, such as paying suppliers and invoicing customers. In most cases, banks require a separate business bank account to issue business loans or lines of credit. Hire a bookkeeper or get…

small business October 5, 2023 The New Jersey Business Action Center (NJBAC) was awarded $850,000 in federal funds for the New Jersey Trade Expansion Program (NJSTEP) to support businesses in underserved communities across the state. NJBAC, a division of the Department of State, received NJSTEP funding to provide financial incentives to eligible small businesses entering export markets and to businesses already engaged in international trade. This program is funded by a grant from the U.S. Small Business Administration (SBA). “We are thrilled to receive this significant grant, the third highest in the nation, for our state's trade expansion program,” said…

SGX-listed Thai Beverage Public Company Limited or ThaiBev (SG:Y92) yesterday announced an investment plan worth 7 billion baht to expand its business. The company said it will invest 4 billion baht in the construction of a new beverage factory in Cambodia, with a further 3 billion baht earmarked for logistics facilities, a biogas plant and other projects. Tybev stock fell 1.82% on Thursday. The company's shares have traded around 20% since the beginning of the year, due to weak demand and rising costs that have squeezed profits. Thai Beverage is Thailand's leading beverage company with a significant presence in the…

Every business contends with risks that can affect how well it performs and, ultimately, whether it succeeds or fails. But different business risks — even common ones faced by all companies — don’t affect each organization in the same way. As a result, a company’s leaders must know not only what risks it faces but also the likelihood that those risks will cause problems and the business impact they could have. This is all part of risk management — the process of identifying, assessing and controlling potential business risks. Risk management consultants and practitioners typically break down risks by different…

For workers who leave their old jobs and start their own businesses, outside financing options are few and far between, but options are available.Editor's note: This article is part of Navigating Change, a Next Avenue initiative made possible by the Richard M. Schulze Family Foundation and EIX, the Entrepreneur Innovation Exchange.Many experienced workers later in life are joining the ranks of entrepreneurs rather than sticking with their current jobs or retiring. They use their experience, skills and creativity to start new businesses and embrace self-employment.In recent decades, an ecosystem of advice, knowledge and support for aspiring entrepreneurs has developed across…

Want to use WhatsApp for your business? You need a WhatsApp Business account! Learn what a WhatsApp Business account is, what it does, and how to get started. With over 2 billion users, WhatsApp is currently the most popular social media platform in the world. In countries like India and Brazil, literally everything is done on WhatsApp. Ordering an Uber? On WhatsApp! Buying a new EV? On WhatsApp! Grocery shopping? On WhatsApp! every day, 175 million people send messages to companies On WhatsApp. However, if you use WhatsApp for business, you can't use the regular app – it's meant for…

Learn more about the seven finalists selected for the 2023 America's Top Small Business Awards below. — The U.S. Chamber of Commerce has announced the names of seven finalists for its 2023 America's Top Small Business Awards. The finalists, chosen from a pool of 70 award winners, stand out as trailblazers in both community action and innovation. The winner will receive the title of America's Top Small Business and her $25,000 cash prize. Here are the Chamber's top seven small business finalists, a list that sets the stage for the highly anticipated announcement of the winners at America's Top Small…