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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…
Last year, shoppers spent $9.12 billion on Black Friday—the discount and deals holiday immediately following Thanksgiving. But it’s not just the big brands that benefit—small businesses also can take advantage of the annual shopping extravaganza, if they prepare wisely. And if there’s one group of experts who know the magic of Black Friday ecommerce and Shopify, it’s Shopify Partners; the professionals providing services in the Shopify Experts marketplace and building apps for the Shopify App Store. We reached out to these experts to get their advice on how to best prepare for Black Friday as a small business owner in 2023. Here’s what they say are the…
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 field of 70 winners, have distinguished themselves as pioneers in both community engagement and innovation. The winner will receive the title of America's Top Small Business and a cash prize of $25,000. Here are the Chamber of Commerce's top seven small business finalists. This list sets the stage for the highly anticipated announcement of winners at America's Top…
Over the next two years, Mexico will experience the traditional political and electoral cycles of the past six administrations, during which the economy will expand and contract in response to the transition to a new administration, Moody's Analytics said in a note. Ta. “This means that the economy will benefit in 2024 and be affected in 2025… In particular, the economy is affected by changes in government every six years, but it also benefits from increased spending during the electoral process. Enjoy,” the memo said. . According to Moody's, the economic political cycle of the past 40 years has included…
Running a successful business is difficult. There is a lot of competition and a constant stream of new technologies available to you and your competitors to chart and navigate the ever-changing ocean. If your business wants to grow today, it needs to take advantage of every advantage possible. This boring fact isn't all that new, but technology is changing in new ways and at breakneck speed. That's why business analysis is essential to success, and professionals skilled in analyzing business strategies and plans are in high demand. This article explains the concept of business analysis and why it is important…