Business Tips

March 3, 2021

Delegating Responsibility

Whether you are new to business or have been doing things by yourself for some time, it can be challenging to consider delegating some of your responsibilities to others. Instead, it tends to feel more comfortable making decisions on your own. Yet, it gets to a point where you can either run the business or […]

February 8, 2021

AFWERX SBIR/STTR Open Topic: What you need to know

What is SBIR and STTR? Small Business Innovation Research and Small Business Technology Transfer are programs offered by the federal government to encourage small businesses to submit proposals with their technology. This opportunity is significant for small businesses that are looking to explore their technological potential but don’t necessarily have all the resources needed to […]

February 8, 2021

What Employers Need to Know about CT Paid Family Leave Act

About the CT Paid Leave Act Starting January 1, 2021 private sector employers with one or more employees will need to begin withholding a payroll deduction of one-half of one percent (0.5%) in compliance with the CT Paid Family and Medical Leave Act (CT PFMLA).  The CT PFMLA allows eligible employees to be compensated while […]

November 5, 2020

State Trade Expansion Program (STEP): Should your business start exporting?

As many small businesses work to recover or restructure their business, exporting may be an option to consider. According the SBA, total US Exports are $2.5 trillion with New England exports totaling $54 billion. Connecticut exports represent 30% of overall exports from New England, totaling $180 million. * The Connecticut Small Business Development Center has […]

July 28, 2020

A Look at Connecticut Small Business Performance and Outlook During the Early Phases of the Pandemic

The U.S. Census recently completed a 9-week Small Business Pulse Survey in order to get real time economic data from U.S. small businesses during the COVID-19 pandemic. Gathering data from businesses each week from April 26 to June 27, the Census has published the weekly responses by state and by industry sector for a variety […]

July 16, 2020

EIDL Advance Discontinued, but EIDL Loan Remains Open

On Monday, July 13, the Small Business Administration announced the full allocation of the $20 billion authorized by Congress for the EIDL Advance Program, which allowed small businesses and nonprofits to obtain an up to $10,000 interim advance while applicants waited to receive loan funds. While the EIDL Advance is no longer available, please note […]

March 8, 2020

COVID19: Tips for Small Businesses

As Corona Virus Disease 2019 (COVID19) spreads, it creates concerns in all our communities both in relation to staying healthy and safe, but also in terms of how local businesses may be impacted. We have assembled a list of tips and resources to assist you. TIP #1: Objectivity During uncertain times it is easy to […]

February 18, 2020

Strategic Lender Partnerships

There are many resources for small business owners. But, did you know that there is more than one way to obtain a loan other than using a bank? In addition to bankers, credit unions, and other financers, we have three strategic partners that we work with to help our clients receive the best funding option […]

February 8, 2020

Sole Proprietorships

The simplest and most popular form of business ownership is the sole proprietorship. A sole proprietorship is a business owned and managed by one person. According to the Internal Revenue Service (IRS), sole proprietorships make up about 73% of all businesses in the United States (Internal Revenue Service 2010). Advantages 1. Simple to Create & […]

February 2, 2020

Marketing Your Small Business These Holidays

It’s hard to believe some of the important holidays are already behind us! But there is still time to polish up how you are marketing your business and reaching customers ahead of Christmas, Hanukkah, Kwanzaa, and New Year’s. Tip #1 – Create a Calendar Marketing and calendars go hand-in-hand. Mark each holiday, and think about […]