The “Great Resignation” Led to Huge Increase in New Entrepreneurs
As more people move away from traditional work to starting their own company, the result is that 5 million new businesses were created in the last quarter of 2021. That’s a 55 percent increase from the same period in 2019.
Source: NBC News
Omicron Variant Impacting Small Businesses Despite Best Efforts to Stay Open
The latest Covid-19 variant continues to impact many small businesses with staffing issues and higher costs as they try to stay open. The impact is especially significant for restaurants and those working in the hospitality industry.
Source: ABC News
January is the Last Chance for Several Business Grant Opportunities
The start of the year is an excellent time for businesses looking for a cash infusion. There’s still time to apply for several local and regional grant opportunities that end in January.
Source: Small Business Trends
How Businesses Can Accept Cryptocurrency as Valid Payment
With more consumers embracing cryptocurrencies, small businesses can potentially accept them as a valid payment method. Yet it’s important to understand the pros and cons, including tax implications.
Source: Small Business Trends
Federal Contractors Must Raise Minimum Wage by January 31
Per a new Executive Order, all Federal contractors and subcontractors must raise the minimum wage for employees working on a federal contract. However, there are exceptions to this new mandate that also must be considered.
Source: JD Supra
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