Tag Archives: Small Business Administration

Choosing the Right Business Structure

Choosing which business structure is right for you is a crucial step when starting a business. The entity you select has legal, financial and operational implications. Here are three factors to consider when choosing a business structure. Business Taxes Business owners must meet all federal, state and local tax obligations to stay in good legal standing. The type of business structure you choose impacts your personal liability and which taxes your…

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Travel the Digital Highway

SCORE volunteer Rebecca Esparza talks about digital marketing during a seminar hosted by the Small Business Administration in Harlingen.

The signs are everywhere but if you don’t have a road map it’s easy to get lost. That’s very true in today’s mobile world, although your company vehicle does not have wheels and it fits in the palm of your hand. Yes, welcome to the increasingly challenging world of digital marketing. Promoting a business digitally is nothing new, but it’s growing and changing every day. It’s becoming more and more…

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Five Best Risk Management Strategies

risk management

Being in business is exciting but it also means facing challenges and risks every day. These risks and threats to your business can come from innumerable sources, including economic conditions, lawsuits, competitors, and the weather. In order to be able to sleep at night, it’s essential that you adopt a variety of risk management strategies. These are designed to avert catastrophe and provide you with protection to the extent possible.…

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Apply Now for SBA Recovery Loans

Rio Grande Valley Livestock Show flooding 2018

Beginning today, July 12, Hidalgo County businesses affected by recent severe storms and flooding may apply for SBA recovery loans in person in Weslaco. The center will offer one-on-one meetings to explain how the Small Business Administration can finance disaster recovery. Representatives will also clarify the loan application process as well as help business owners complete electronic applications. “Due to severe property damage and economic losses these storms inflicted on…

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Businesses Benefit from Podcasting

podcast

Back in the early 2000s, I was at a party when one of the guests mentioned he was hooked on podcasts. “Huh?” was the primary response, as few of us knew what he was even talking about. My, how things have changed. Today, nearly two-thirds of Americans are familiar with podcasts, according to the 2018 Infinite Dial Study, and 44 percent of Americans age 12 and older have listened to one. Consumers…

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Five Strategies for Winning at Working Solo

working solo

Eighty percent of all U.S. small businesses have no employees. The number of non-employee businesses is expected to grow in coming years, due in part to the expansion of the gig economy (e.g., Uber, TaskRabbit, Thumbtack) and favorable economic conditions. Being in business with no employees means you don’t have to deal with payroll, minimum wage rules, and other employer-related responsibilities. But it doesn’t mean you are relieved of all business-owner…

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Five Essential Pages For Your Small Business Website

business web site

There are certain pages every website can’t be without. A small business’s site needs to give visitors what they are most likely to be looking for. If you’re getting a website together for your small business or reinventing an existing site, take a look at the five essential pages every small business website needs. We include three other recommended pages as well. Homepage Your homepage is the virtual lobby of…

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Build Your Small Business Credit

Build Your Small Business Credit

As individuals we spend years establishing, managing and protecting our good personal credit ratings. With strong personal credit, access to favorable interest rates and terms when applying for credit and financing may be available. When you have the ability to obtain financing at the best available bank rates for items such as a new automobile, home, or investment property, you have established a strong personal credit asset. As a business…

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Seven Marketing Resolutions to Make This New Year

What can your small business do differently in 2018 to boost the results of your marketing efforts? Here are seven marketing resolutions every entrepreneur should make for the coming year. 1. I resolve to build relationships with customers. Consumers and B2B buyers alike have seemingly endless options for purchasing almost any product or service they could possibly want. With so much “noise” out there, how can your small business hope…

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Mentors Increase Small Business Success

Paola Carmona photographs her favorite clientele. (Courtesy)

January is National Mentor Month, a perfect time to connect with a counselor/mentor at the U.S. Small Business Administration. Lower Rio Grande Valley District partners provided counseling and training to 9,094 small businesses in 2017, and helped create or retain about 481 jobs. These partners also helped start 111 new businesses. Mentors can be invaluable to small businesses. After all, it can be overwhelming to juggle dozens of responsibilities and…

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