Month: March 2020

How Hiring People With Disabilities Will Make Your Business Stronger


Struggling to find a great candidate for your open position? Try thinking outside the traditional box.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


Hiring qualified employees can be a struggle, especially in a tight labor market. Rather than leaving positions unfilled, more business owners have expanded their potential hire pool to include people with disabilities. In addition to gaining a qualified and hardworking person, companies are experiencing other significant benefits of hiring persons with disabilities.

Attract needed talent

Small businesses struggle to attract key talent because they often cannot compete with larger employers on wage and benefit packages. However, when they expand their hire search to include people with disabilities, they often find talented, skilled applicants that others have overlooked.

Over 16 percent of persons with disabilities have earned at least a bachelor’s degree, according to the Bureau of Labor and Statistics, and many of them are unable to find work due to prejudice or misunderstanding about their ability to contribute in the workplace.  Hiring persons with disabilities allows you to snap up key talent and nurture their abilities to their benefit and yours.

Expand your audience and improve your work environment

When you hire people with disabilities, you demonstrate that you meet the needs of this population, which can help expand

Read More

3 Ways Entrepreneurs Can Maintain Balance


What we can learn from the collected insights of CrowdOptic CEO and serial entrepreneur Jon Fisher.


5 min read

Opinions expressed by Entrepreneur contributors are their own.


The rise of internet connectivity and accessibility has led to a corresponding uptick in serial entrepreneurship over the past decade. Defining success in that context is a whole other topic. Some would tie it to monetary gain, while others might point to innovation or positive global impact. 

All in all, the best serial entrepreneurs aren’t solely driven by money. They also enjoy the challenges that lead to success, and get a thrill out of processes such as product development and the creation and unification of teams. But there are only 24 hours in a day, fewer waking hours and even fewer hours that can solely be designated for work-related purposes. Entrepreneurs are still human beings that need to maintain balance, despite their tendency to view downtime as wasted time. To wit, research by the American Psychiatric Association reflects that 72 percent of entrepreneurs are directly or indirectly affected by mental health struggles.

Related: 3 Ways to Balance Your Business, Family and Everything Else

Serial entrepreneur Jon Fisher has broken the mold in terms of finding the right balance, and his insights can serve as food for thought for all founders,

Read More

Small Business Covid-19 Updates (3.23.2020)


During the Covid-19 pandemic, SmallBusiness.com will be linking daily to articles related to its impact on small business owners and employees. Check back for updates.


Five steps to save small business during the pandemic

Five steps can help save small businesses during this pandemic-induced recession…

  1. Stop Commercial Evictions
  2. Defer Property Taxes
  3. Defer Commercial Rent Payments
  4. Defer Mortgage Payments
  5. Guarantee Jobs and Healthcare for Workers

Continue reading: Crain’s New York Business: “Five steps to save small business during the pandemic”


Coronavirus stimulus relief plea from self-employed to Washington: ‘We need help now’

“The self-employed – independent contractors, gig workers, temporary and part-time workers – number 57 million in the U.S., representing more than a third of the working population and driving $1 trillion in income, but have none of the benefits and protections that employees or even other small businesses do…”

Continue reading: USAToday.com “Coronavirus stimulus relief plea from self-employed to Washington: ‘We need help now’”


Amazon’s Bezos tells workers coronavirus will ‘get worse’

Amazon.com’s Chief Executive Officer Jeff Bezos warned his company’s 800,000 employees that the coronavirus outbreak will likely “get worse before it gets better,” according to an open letter shared Saturday on his Instagram account.

The letter follows cries from U.S. lawmakers and his own employees that the world’s largest online retailer isn’t doing enough to protect its

Read More

Coronavirus (COVID-19): Small Business Guidance & Loan Resources (SBA, 3.23.2020)


This information is provided by the U.S. Small Business Administration. If you have a specific issue related to your business and Covid-19, use the SBA’s Local Assistance Directory to locate the office nearest your business. Other than appreciating and supporting the SBA, SmallBusiness.com is not associated with the SBA.

Update

This article was updated on March 22, 2020. Again, the links go to resources provided by the SBA.

Small Business Administration
Disaster Loan Assistance

Small Business Administration
Coronavirus (COVID-19): Small Business Guidance & Loan Resources


The SBA works directly with state governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Covid-19.

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. 

  • Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.

Guidance for businesses and employers

The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see:

The following interim guidance may help prevent workplace exposures to acute respiratory illnesses, including COVID-19,

Read More

Goldman takes on transaction banking

Goldman Sachs launched its new US transaction banking offering in June.

Following the launch of its consumer brand, Marcus, in 2016, the move is the latest of the firm’s new initiatives to target big pools of revenue in markets where it does not need to capture commanding share to grow a profitable business quickly. 

This is all part of a drive to attract operating deposits to lower the bank’s own cost of funds. 

Goldman has been working on the initiative for some time. It had taken roughly $500 billion of its own operational flows and brought them onto its own platform by the end of 2019.

It stated at the end of last year that the expectation was to have third-party customers and clients of the firm on the platform in 2020.

By June, all clients signed up so far were existing Goldman customers.

Eduardo-Vegara-Goldman-Sachs-160x186.jpg

Eduardo Vegara,
Goldman Sachs

“We started working on this two years ago. There was clearly an opportunity for a new entrant, but what form would it take?” explains Eduardo Vegara, global head of product and sales for transaction banking, who joined Goldman from California-based Silicon Valley Bank.

It is quite clear, he says, why the business had room for a new competitor.

“When we talked to clients, we heard a lot of dissatisfaction with existing

Read More

First look at ECB PEPP debt-buying shows massive support for CP

European Central Bank headquarters, Frankfurt

Markets got their first glimpse on Tuesday, June 2, of just what the European Central Bank has been so busy buying in its Pandemic Emergency Purchase Programme (PEPP), a €750 billion scheme set up by the ECB in March to help maintain monetary policy transmission in the face of the economic chaos caused by government responses to the coronavirus pandemic.

While most purchases so far are of sovereign debt, as expected, the striking finding is that most of the private sector debt that the bank bought – some 76% of the €46 billion total in that segment  – was in the commercial paper (CP) market.

Within that, some 81% – a total of €28.7 billion – was primary issuance.

ECB graph1

It was in CP where some of the earliest corporate funding pain was felt as liquidity began to dry up in the middle of March, a factor that led to companies quickly drawing on their bank lines to refinance paper that could not be rolled over, as well as to provide additional working capital.

That pressure began to ease as stimulus measures kicked in  – including the ECB’s PEPP, which expanded on existing measures like the asset purchase programme (APP) and the corporate sector purchase programme (CSPP).

The PEPP waived previous eligibility requirements to allow

Read More