🎉 Optimism Among Small Business Owners
Despite the challenges posed by inflation and high operating costs, small business owners are showcasing a resilient spirit! 🚀 A whopping 67% are anticipating a revenue growth over the next 12 months. Let’s dive into the insights from Bank of America’s 2023 Women & Minority Business Owner Spotlight to explore more!
🚀 Surge in New Business Creation
2022 witnessed the birth of approximately 5 million new businesses, with women and people of color steering the wheel! 🎉 However, the journey wasn’t without hurdles, as 85% of small businesses encountered financial challenges. Check out the full story on CBS MoneyWatch!
👩💼 Venture Funding Disparity for Female-Founded Startups
A call for equity in entrepreneurial finance! 📢 Only 2.2% of all venture funding was directed to female-founded startups in the initial eight months of this year. Let’s delve into the insights and perspectives from Deena Shakir, partner at Lux Capital, and others on CBS MoneyWatch!
🛑 IRS Halts Processing of Employee Retention Credit
Attention, business owners! 🚨 The IRS has put a pause on the processing of employee retention credit due to ‘questionable claims’. Stay informed and read about the implications and next steps on CNBC Small Business!
😟 Decline in Small Business Confidence
A downturn in the confidence among small business owners is observed, especially towards banks and the Biden administration. 😢 What’s behind this decline and how can businesses navigate through these times? Find out more on CNBC Small Business!