Business Tips

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 […]

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

Hobby or Business?

Many of us have side hobbies and fun projects that we enjoy but wonder if they could become more. Can we really make the leap from a part-time hobby to a full-time venture? How would we even identify whether our passion could turn into a profitable business? Understanding and answering these questions can help you […]

February 2, 2020

Starting Your Business Checklist

There’s a lot to think about when you’re starting your business. A few of your initial “to-dos” include creating your business concept, figuring out your financials, gathering industry data, and so much more! Identifying legal considerations on the Federal, state and local levels is a good starting point. You don’t know what you don’t know […]