Small businesses are the backbone of the American economy, and the lending landscape that supports their growth is evolving rapidly. In 2023, the Small Business Administration (SBA) approved more than 70,000 loans worth $31.1 billion, with an average loan size of $443,000, based on data from Canopy Servicing. These figures highlight how vital access to […]
Launching a business isn’t just about choosing where you want to live. Several factors come into play, but the state you choose can determine your startup costs, growth potential, and long-term viability. If you’re undecided, you may have overlooked important considerations that can guide your decision on where to run your business. From taxes and […]
Of course, starting a business is a cornerstone of the American Dream, but in recent years, the dream has developed a new edge. People all over, from kitchen tables to coworking spaces, are finding ways to bring their dreams to fruition. But how many new businesses are actually starting up every year in the United States?
A small business, as defined by the U.S. Small Business Administration, is any business with fewer than 500 employees. That encompasses everything from your neighborhood coffee shop to the fast-growing tech startups that are still getting underway in a lean, aggressive fashion from a shared coworking space.
Of course, starting a business is a cornerstone of the American Dream, but in recent years, the dream has developed a new edge. People all over, from kitchen tables to coworking spaces, are finding ways to bring their dreams to fruition. But how many new businesses are actually starting up every year in the United States?
The U.S. labor market is undergoing a quiet transformation. As traditional 9-to-5 roles evolve and remote-first work culture takes hold, more Americans are stepping away from salaried employment and embracing self-employment. At the heart of this shift is the rise of independent contractors, commonly known as 1099 workers. This growing segment of the workforce plays […]