Small Business

Nancy Yu has been a staple in San Francisco’s Chinatown for more than two decades. Her store, Asiastar Fantasy, sells souvenirs, gifts and cultural items like red envelopes for Lunar New Year. While she’s weathered many challenges over the years, she’s never seen anything quite like 2020. “Last year was a very difficult time —

10’000 Hours | DigitalVision | Getty Images There is just over a week left of priority access to the Paycheck Protection Program’s forgivable loans for the owners of the nation’s smallest businesses. Last Wednesday, the Small Business Administration started only accepting PPP loan applications from firms with fewer than 20 employees. This priority period is

Virojt Changyencham | Moment | Getty Images The self-employed and gig workers are anxiously waiting for the Small Business Association to update guidelines to its Paycheck Protection Program, which could mean bigger loans for the group. The Biden administration announced last week changes to how the SBA will calculate forgivable loans for sole proprietors and

The Hemphill Brothers Coach Company knows a thing or two about how celebrities live on the road. The Nashville-based RV company, run by brothers Joey and Trent Hemphill, has been building and outfitting luxury tour buses for 40 years, touting an A-list client roster ranging from mega stars like Taylor Swift, Oprah, Dolly Parton and Beyonce

Sinelia Louis will finally be eligible to apply for a PPP loan due to changes by the Biden administration that allow access for non-citizen small business owners. Sinelia Louis When Sinelia Louis, 50, heard about the recent changes to the Small Business Administration’s Paycheck Protection Program, she felt like her prayers had been answered. “I

MoMo Productions | Getty Images Millions of self-employed and gig workers got good news this week. The Biden administration on Monday changed how the Small Business Administration’s Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. But there’s a catch. The updated formula — which will likely lead to larger loan

Most of the things you buy these days were transported on a truck at some point. There are around 3.5 million truck drivers in the United States. Their average salary is close to $60,000 per year. In 2021, however, there may actually be a shortage of drivers willing to move your purchases. If you are

President Joe Biden speaks during an announcement related to small businesses at the South Court Auditorium of the Eisenhower Executive Office Building February 22, 2021 in Washington, DC. Alex Wong | Getty Images The Latino community has been struck particularly hard by the Covid-19 crisis. The Stanford Latino Entrepreneurship Initiative reported in May that 86%

People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images President Joe Biden announced the “American Rescue Plan” in January, which includes raising the minimum wage

Mahisha Dellinger, founder of hair care line Curls, launched her beauty brand in 2002 and at that time, “Despite having great personal credit, I couldn’t get a small business loan to save my life,” she says. Curls Beauty Brands Mahisha Dellinger was feeling disenfranchised about her experience as a marketing manager in corporate America when

Coach Iya Karade had to shut her gymnastics studio, Athletic Arts Academy, when the pandemic hit. Now open, she is operating at about 25% capacity. Source: Iya Karade When the pandemic first slammed the country last March, Iya Karade was one of countless small-business owners who had to shut their doors. Her Orange, New Jersey-based

A worker puts pepperoni on a pizza inside a Domino’s Pizza franchise in New York. Daniel Acker | Bloomberg | Getty Images After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming

Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon has bought Selz, a company that makes tools to help businesses launch their own online stores. Amazon quietly acquired the e-commerce platform on

Vanessa Bisorca loves her life as a stay-at-home mom to two teenage children. She also loves fashion. In 2015, the lifelong bargain shopper decided to sell some clothes from her closet to pocket extra cash and make room for new items. Bisorca, 38, downloaded the fashion e-commerce app Poshmark and listed a few pieces of

Tom Cormier, co-founer DropshippingUniversity.com Thomas Cormier Maybe you’ve seen videos circulating online of people who have quit their corporate jobs to pursue a dream of entrepreneurial success. One of the most popular forms nowadays revolves around a concept in e-commerce known as dropshipping.  Dropshipping is a business model that allows entrepreneurs to sell products to their

Margaux & Max has been able to stay afloat with Dinges’ Facebook livestreams and creative marketing, even while the retail store remains closed for in-person shopping. Photo: Je Donna Dinges Small business owners have faced a bit of whiplash over the last year as Covid-19 swept the nation, with restrictions leading to closings, reopenings and

Katz’s Delicatessen in New York City has been around for more than a century, maturing into an iconic institution on the Lower East Side. Owner Jake Dell told CNBC on Friday he feels the weight of family history as he seeks to navigate the uncertainty and disruption wrought by the coronavirus pandemic. “This is our

Charles “Chase” Merritt, who was convicted of murdering the McStay family, appears during his sentencing hearing at San Bernardino Superior Court in San Bernardino on Tuesday, Jan. 21, 2020. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images In an era of gig work and side hustles, many budding entrepreneurs may be

Courtney Senechal, RN, prepares to give the second Moderna vaccine shot for Covid-19, at the East Boston Neighborhood Health Center in Boston on Jan. 19, 2021. Jonathan Wiggs | Boston Globe | Getty Images Barely more than one in five small business owners (22%) will require their employees to get Covid-19 vaccines when they become

Sen. Bernie Sanders, I-Vt., speaks during an event to introduce the Raise The Wage Act at the U.S. Capitol on Jan. 16, 2019. Chip Somodevilla | Getty Images One third of small business owners say they’ll likely lay off workers if Congress raises the federal minimum wage to $15 an hour, according to the latest