Maybe you’ve heard the term “microenterprise” thrown around in the business world, but do you understand exactly what a microenterprise is? A microenterprise is a business that has five or fewer employees, requires $35,000 or less in initial capital and doesn’t have access to traditional commercial loans. Generally these businesses start off very small, but over time they may grow into large businesses. Today’s post aims to give a quick overview of the rise of microenterprises in the U.S., including Microenterprise Development Organizations (MDO), and the impacts these small businesses have in our local communities.

A Brief History of Microenterprises
In 2006 the world was formally introduced to microenterprises when Muhammad Yunus won the Nobel Peace Prize for his efforts in helping families…

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The cost of oil, in terms of both money and political strife, has the government looking for ways to spur individuals and small businesses to use energy more efficiently. Take advantage of the taxes your business already pays and appeal to your environmentally conscious consumers (the number of which increases daily) by claiming the following tax incentives and marketing your more efficient energy use:

Energy Efficient Commercial Building Business Deduction: The owners or tenants of newly constructed or reconstructed buildings that save at least 50% of the heating, cooling, ventilation, water heating, and lighting energy of a building that meets the American Society of Heating, Refrigerating and Air-Conditioning Engineers Standard (ASHRAE) 90.1-2001 may take a tax deduction of up to $1.80 per square foot…

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You’re tired of the stress and financial pressures of running a small business. You’ve considered your exit options. You’re ready to sell out and cash in. You’re waiting for the potential buyers to line up at your door ready to pay your asking price. If this is your approach, you’ll likely have a tough time selling your business. The reality is that selling your business requires a lot of work. Today’s post details some of the considerations and steps you can take to better position your business for a successful acquisition.

The Bigger You Are, The Less Options You May Have
Counterintuitive, I know. However, consider how many people there are willing or able to pay $1 mm for a small business….

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