Show cover of Small Biz Flash

Small Biz Flash

Your flash briefing for small business news, trends, and insights.

Tracks

4-23-24 - Announcement About Small Biz Flash Podcast
👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together! 
00:37 4/23/24
4-9-24 - How to Use a Press Release to Get Attention for Your Small Business
Small business owners, have you ever tried sending out a press release about a new product or an event at your company, just to hear crickets chirping in response?  On today’s show, we’ll talk with an experienced PR professional about why most press releases flop, and what you can do to actually get results the next time you send a press release out to your community.Today’s guest is Claire Angelle, Founder of Angelle Consulting:Claire’s email:  claire@angelleconsulting.comClaire’s LinkedIn page:  https://www.linkedin.com/in/claire-collobert-angelle-5267b4a/ Angelle Consulting web page:  https://www.angelleconsulting.com/----------NEWS ROUNDUP1 – Major credit cards announce settlement resulting in lower swipe fees for merchantshttps://apnews.com/article/visa-mastercard-merchants-swipe-fee-5f2a75674d472ef95af9f6fd426f1f6ehttps://www.nfib.com/content/press-release/competition/nfib-statement-on-credit-card-anti-trust-settlement/ 2 – Small business hiring slowed in Marchhttps://www.nfib.com/content/press-release/economy/nfib-jobs-report-small-business-job-openings-fall-to-pre-pandemic-levels/3 – Nearly half of new small businesses are side hustleshttps://www.foxbusiness.com/economy/surge-small-businesses-started-side-hustles----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  Go to https://sbsaccountants.com/ today to set up a free 30-minute consultation.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
12:53 4/9/24
3-26-24 - 3 Ways Underpaying Yourself Is Hurting Your Business
FEATURESmall business owners, do you pay yourself a below-market wage to keep your business profitable?  Or maybe you take draws, but they might be sporadic and of varying amounts?  On today’s show, we’ll talk with an experienced accounting professional about how this practice is hurting your business and how you can fix your own compensation structure.Today’s guest is Sharon Sheekey, Accounting Division Director at SBS Accounting & Advisors:Sharon’s email:  ssheekey@sbsaccountants.comSharon’s LinkedIn page:  https://www.linkedin.com/in/sharon-sheekey-874093b0/SBS Accounting & Advisors’ web page:  https://sbsaccountants.com/----------NEWS ROUNDUP1 - Small Business Owner Optimism Dropped Last Month, Continuing Trend Since Last Summerhttps://www.nfib.com/content/press-release/economy/optimism-on-main-street-declines-as-inflation-looms-as-top-challenge/2 - Labor Department’s New Independent Contractor Rule Facing Lawsuitshttps://www.foxbusiness.com/politics/biden-admins-gig-worker-rule-facing-growing-pushback3 - National Small Business Week is April 28 to May 4https://www.sba.gov/national-small-business-week----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  Go to https://sbsaccountants.com/ today to set up a free 30-minute consultation.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
13:59 3/26/24
3-12-24 - How to Buyout Your Competition Using an SBA Loan
FEATURESmall business owners, have you ever considered buying out a competitor to expand your own company’s capabilities and customer base?  On today’s show, we’ll talk with a lending expert about how you can finance a business acquisition at up to 100% of the purchase price using an SBA loan.Today’s guest is Laurence Leopold, SBA Senior Business Development Officer at IncredibleBank:Laurence’s email:  lleopold@incrediblebank.comLaurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/IncredibleBank web page:  https://www.incrediblebank.com/----------NEWS ROUNDUP1 - Judge finds Beneficial Ownership Information unconstitutional, but ruling only applies to some businesseshttps://www.natlawreview.com/article/district-court-declares-corporate-transparency-act-unconstitutional2 - Small businesses start to see some relief in the labor markethttps://www.nfib.com/content/press-release/economy/nfib-jobs-report-small-business-employment-slows/3 - Vast majority of small firms report financial and operational challengeshttps://www.fedsmallbusiness.org/reports/survey/2024/2024-report-on-employer-firms----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  Go to https://sbsaccountants.com/ today to set up a free 30-minute consultation.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
13:21 3/12/24
2-27-24 - Google Trends Will Give Your Small Business an Edge
FEATUREGoogle Trends is a powerful and completely free tool from Google that can help you stay ahead of the curve.  It will help you understand your customers, and can inform decision making on marketing, research & development, and more.Google Trends:https://trends.google.com/----------NEWS ROUNDUP1 - The economy continues to be the #1 concern among small business owners, according to the latest CNBC-SurveyMonkey Small Business Index.  Immigration followed at a close second place.https://www.surveymonkey.com/curiosity/cnbcsurveymonkey-small-business-index-q1-2024/2 - Small businesses facing funding challenges have increasingly turned to merchant cash advances, which have posed a threat to the survival of some.https://www.wsj.com/articles/an-easy-financing-source-pushes-some-small-businesses-into-bankruptcy-c2b2ad1b3 - The National Federation of Independent Business released its top legislative priorities for Congress in 2024.https://www.nfib.com/content/press-release/economy/nfib-announces-top-10-small-business-policy-priorities-for-congress/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
09:27 2/27/24
2-13-24 - Small Business Owners Face Economic Uncertainty and the Beneficial Ownership Rule
NEWS ROUNDUP1 - Small business owners continue to grapple with economic uncertainty, according to the National Federation of Independent Business’ Small Business Optimism Index.https://www.nfib.com/content/press-release/economy/small-business-owners-expectations-for-higher-sales-declined-in-january/2 - Many small businesses are still unaware of the new Beneficial Ownership rule from the Treasury Department that went into effect on 1-1-24.https://www.wsj.com/articles/small-businesses-must-now-report-ownership-information-to-the-government-but-many-dont-know-about-it-bb13f2b6https://www.fincen.gov/boi3 - Nearly a year after the run on Silicon Valley Bank, small business owners aren’t panicking about their business accounts that hold than $250,000, the amount beyond which the FDIC won’t insure deposits.https://www.marketplace.org/2024/02/12/banking-crisis-fdic-protection-businesses/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
05:16 2/13/24
1-30-24 - How to Determine if a Worker Is a Contractor or an Employee
FEATUREThe Department of Labor (DOL) has finalized its new independent contractor rule.  There are six factors that you must use to determine if a worker is a contractor or an employee.The final rule goes into effect on March 11, 2024.Misclassifying employees as independent contractors can result in lawsuits and penalties, among other costs.DOL’s Small Entity Compliance Guide to the new rule:https://www.dol.gov/agencies/whd/government-contracts/small-entity-compliance-guideToday’s guest is Karen Moss, of Innovative Outsourcing:Karen’s email:  kmoss@innovative-outsourcing.com Karen’s LinkedIn page:  https://www.linkedin.com/in/karenemoss/ Innovative Outsourcing web page:  https://www.innovative-outsourcing.com/ ----------NEWS ROUNDUP1 - Banks report that fraudulent ACH activity is on the rise, and this is a problem for small businesses.https://www.wsbtv.com/news/local/this-is-modern-day-bank-robbery-banks-say-ach-transfer-fraud-is-rise/VLKVTOBGNJBHNAQBX5MXJYL3HY/https://fintech.global/2024/01/09/navigating-the-risks-of-ach-payment-fraud-strategies-for-business-safety/2 - The percentage of small businesses falling victim to cyber attacks is on the rise.https://www.hiscox.com/documents/Hiscox-Cyber-Readiness-Report-2023.pdf3 - Small business owners think college graduates entering the workforce don’t have realistic expectations about the working world.https://www.campusreform.org/article/91-of-small-business-owners-say-colleges-are-giving-students-unrealistic-expectations-for-life-after-graduation-survey/24640----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
11:07 1/30/24
1-16-24 - How a Fractional COO Can Make Your Business Life Wonderful
FEATUREA fractional chief operating officer, or a FCOO, can help you make your business life wonderful, getting you back to doing what you love in the business, which is likely not overseeing the daily operational tasks.* How to know when it is time to hire a fractional COO.* How a fractional COO helps you as the business owner.* What a fractional COO brings to the table.Recommended reading:  Rocket Fuel, by Gino Wickman and Mark Winters.----------NEWS ROUNDUP1 - The Department of Labor has finalized its new independent contractor rule, with big implications for small businesses.https://www.nsba.biz/post/news-dol-announces-independent-contractor-rule2 - Recession fears are easing, which may explain why small business sentiment rose in December.https://www.nfib.com/content/press-release/economy/inflation-returns-as-top-business-problem-on-main-street/https://www.vistage.com/research-center/business-financials/economic-trends/20240105-small-businesses-welcome-optimism-wsj-survey/3 – A record-setting 5.5 million small businesses were created last year.https://eig.org/2023-business-formation/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
14:47 1/16/24
1-2-24 - 2024 Economic Optimism & Google’s New Small Business Attribute
NEWS ROUNDUP1 – There’s reason for optimism about the economy in 2024, and that’s good news for small businesses.https://www.wsj.com/economy/what-to-watch-in-fridays-spending-report-inflation-closing-in-on-feds-target-0778037dhttps://www.cnbc.com/2023/12/26/the-us-avoided-a-recession-in-2023-whats-the-outlook-for-2024.htmlhttps://www.cnn.com/2024/01/01/business/5-reasons-to-be-optimistic-about-the-2024-economy/index.html2 - Google recently rolled out a new small business attribute feature.https://blog.google/products/shopping/google-merchant-new-features-holiday/3 – The SBA is proposing to remove limits on loan eligibility for prospective borrowers who have a previous run-in with the law.https://www.smallbusinessroundtable.org/sbr-submits-comments-on-sbas-proposed-rule-reforming-criminal-record-eligibility-requirements-for-loan-programs----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
04:15 1/2/24
12-19-23 - How to Get Publicity for Your Small Business
FEATURE* What is the different between public relations and marketing?* What are the three tactics for PR?* How does a small business get publicity?  How does the owner, who is usually the primary salesperson, get publicity?* How much of your knowledge and information is it OK to share?Today’s guest is Claire Angelle, Founder of Angelle Consulting:Claire’s email:  claire@angelleconsulting.comClaire’s LinkedIn page:  https://www.linkedin.com/in/claire-collobert-angelle-5267b4a/Angelle Consulting web page:  https://www.angelleconsulting.com/----------NEWS ROUNDUP1 - Small businesses are even less confident about economy now than earlier in the year.https://www.uschamber.com/sbindex/summary2 - The National Labor Relations Board’s new joint-employer rule is continuing to face opposition from small business groups and from some lawmakers.https://www.nsba.biz/post/news-house-panel-moves-resolution-to-block-nlrb-joint-employer-rule3 - Younger and smaller companies are particularly hard hit in the ongoing credit squeeze facing small businesses.https://www.pymnts.com/smbs/2023/young-smbs-cant-find-enough-business-financing/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
12:57 12/19/23
12-5-23 - SBA Resources You Need to Know About
FEATUREYou’re probably familiar with Small Business Administration loans.  SBA loans, as they are commonly called, are partially backed by the federal government.But there are other resources the SBA offers, some of which aren’t well known, which can benefit your company.  We’re going to discuss just a few today.THRIVEhttps://www.sbathrive.com/Assistance for small businesses with procuring federal contractshttps://www.sba.gov/federal-contractingAmerica’s Seed Fundhttps://beta.www.sbir.gov/SBA Business Guidehttps://www.sba.gov/business-guideSBA Eventshttps://www.sba.gov/events2023 Small Business Resource Guidehttps://www.sba.gov/sites/sbagov/files/2023-06/2023%20Small%20Business%20Resource%20Guide_508c_Final.pdf----------NEWS ROUNDUP1 - Small business owners are less optimistic about this year’s Christmas shopping season than they’ve been in the past.https://www.surveymonkey.com/curiosity/cnbcsurveymonkey-small-business-index-q4-2023/2 - The US House of Representatives voted last week to overturn a rule by the Consumer Financial Protection Bureau requiring banks to collect small business owners’ demographic information when they seek a loan.https://www.washingtonexaminer.com/policy/economy/house-votes-end-biden-small-business-loan-rule-veto3 - According to the Federal Reserve’s most recent quarterly survey of senior loan officers, lending standards applied to small businesses have tightened significantly since last year.https://apnews.com/article/small-business-loans-funding-banks-91c55c514347301f26d46f591f6c32ad----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
08:03 12/5/23
11-21-23 - Don’t Destroy Your Chances of Hiring the Right Candidate
FEATURETo get the right candidates, you need to alight the job description with the actual need for the position.Also, avoid giving your candidates a poor experience in the overall process from interviewing to onboarding.Finally, don’t hire reactively, i.e., for short-term needs.  Think about your long-term needs instead.Today’s conversation is based on the blog post, “8 Things That Can Cause You To Hire The Wrong Person.”https://humansdoing.net/8-things-that-can-cause-you-to-hire-the-wrong-person/Today’s guest is Josh McAfee, Co-Founder and Managing Partner of Humans Doing:Josh’s email:  joshmc@humansdoing.netJosh’s LinkedIn page:  https://www.linkedin.com/in/joshmc/Josh’s book, Measure Up:  https://www.amazon.com/Measure-Up-Mastering-Career-Search/dp/1631953036Humans Doing web page:  https://humansdoing.net/----------NEWS ROUNDUP1 - The ongoing credit crunch impacting small businesses has owners looking beyond traditional loans to finance their capital needs.https://digitalasset.intuit.com/render/content/dam/intuit/sbseg/en_us/Blog/Downloadable-assset/Ebook/intuit-quickbooks-small-business-index-annual-report-2023.pdf?cid=dig_TOF_QBB_blog_US_EN_SMBIndex_AR_hub_PDF2 - Three-quarters of small businesses are utilizing AI tools for an expansive range of business functions, according to findings of a Small Business & Entrepreneurship Council survey.https://sbecouncil.org/wp-content/uploads/2023/10/SBE-Small-Business-AI-Survey-Oct-2023-FINAL.pdf3 - Scammers are stealing the passwords of small businesses’ social media accounts, according to a new lawsuit filed by Google.https://seekingalpha.com/news/4035436-google-sues-to-block-false-bard-ai-ads-targeting-small-businesses----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
14:25 11/21/23
11-7-23 - Unlock Your Customers’ Vision and Make Them Raving Fans
FEATUREToday, we continue our discussion of the book “Raving Fans” by Ken Blanchard and Sheldon Bowles.  To create raving fans, the business must create a vision of the customer experience, but then, it must invite the customers themselves into the vision casting process.Not everything the customers want will necessarily be a part of the final vision, but listening to customers is key.  Once customers’ vision has been integrated into the original vision of the business’ vision, then the implementation process begins.  Take it slow and start small.  Customers want consistency in their experience above all else.  Steady progress will yield great results over time.----------NEWS ROUNDUP1 - The job market cooled last month, but small businesses still had trouble finding employees.https://www.nfib.com/content/press-release/economy/nfib-jobs-report-tight-labor-market-continues-to-hinder-main-street/2 - More than three-quarters of owners believe their own company is ready to handle any upcoming economic instability.https://nypost.com/2023/11/02/tech/how-small-businesses-are-expanding-their-digital-footprints/3 - Multiple small business groups are opposing a new rule by the National Labor Relations Board regarding joint-employer situations.https://sbecouncil.org/2023/10/26/sbe-council-slams-nlrbs-joint-employer-expansion-urges-congress-to-overturn-new-rule/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let’s grow your business together!
08:52 11/7/23
10-24-23 - Make Your Customers Raving Fans to Get More Referrals
FEATURETo have a truly thriving business, one essential element is a customer base who are wildly enthusiastic about what your company offers, so much so, in fact, that they eagerly tell their family, friends, and neighbors.In their book “Raving Fans,” Ken Blanchard and Sheldon Bowles explain how having merely satisfied customers just doesn’t cut it.  Today, we’re going to unpack some of the book’s ideas and talk about how to apply them to your business.----------NEWS ROUNDUP1 - Small business owners became increasingly dour in their outlook on the economy in September.https://www.nfib.com/content/analysis/labor/report-shows-more-small-business-owners-are-pessimistic-about-future-conditions-2/2 - The bar is now higher for businesses to participate in the Small Business Administration’s 8(a) Business Development program, designed to help disadvantaged companies contract with the federal government.https://fedscoop.com/court-ruling-forces-small-businesses-to-detail-bias/3 - Goldman Sachs is throwing its weight behind a campaign opposing tougher banking rules called Basel III Endgame (B3E) that it argues will hurt small business lending.https://www.axios.com/2023/10/23/goldman-small-biz-basel-iii----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with their strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let me help you grow your small business.
09:18 10/24/23
10-10-23 - What Types of Insurance Does Your Small Business Need?
FEATUREEvery small business has different insurance needs, but almost all will need General Liability coverage.  And many will also need coverage included in a Business Owner’s Policy (BOP).Other types of insurance could include Workers' Compensation, Employers Liability, Cyber Liability, Commercial Auto, and Errors and Omissions (aka Professional Liability).Today’s guest is Jack Smith, of Valor Insurance Brokers:Jack’s email:  jack@valorbrokers.comJack’s LinkedIn page:  https://www.linkedin.com/in/jacksonsmith1/Valor’s web page:  https://www.valorbrokers.com/----------NEWS ROUNDUP1 - Small business bankruptcies are rising at the fastest pace since the pandemic, according to a report by the Wall Street Journal.  Increased interest rates, tighter lending standards, and higher operating costs are the chief culprits.https://www.wsj.com/business/entrepreneurship/small-busines-bankruptcy-surge-8989e665?mod=hp_lista_pos22 - Though Congress averted a government shutdown last month, the prospect of one towards the end of November hangs over the economy.  And small business owners want none of it.https://www.goldmansachs.com/citizenship/10000-small-businesses/US/voices/news/september-25-2023-press-release.html3 - Many small businesses are making mental health of employees a priority.https://www.uschamber.com/sbindex/quarterly-spotlight----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with their strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let me help you grow your small business.
12:18 10/10/23
9-26-23 - How To Get Your Small Business Found on Google
FEATURERanking high in search engines results, especially on Google, is a concern of most small businesses.  There are a few basic things you can do to help your site be found, like consistently creating good content (but you don’t have to write a blog post every day or even every week) and fully utilizing Google Business Profile.ChatGPT can help you create content, but don’t depend on it to get you 100% of the way there.We also discuss:* How to account for the numerous updates to Google’s algorithm each year.* How to think about search metrics.* Why you should start using Google Search Console.Google Search Console:  https://search.google.com/search-console/aboutToday’s guest is Mickey Mellen, of GreenMellen:Mickey’s email:  mickey@greenmellenmedia.comMickey’s LinkedIn page:  https://www.linkedin.com/in/mickmel/GreenMellen’s web page:  https://www.greenmellenmedia.com/----------NEWS ROUNDUP1 - Though most small business owners are generally positive about the current business environment, they have heartburn over the direction of the economy, according to the 3Q2023 Small Business Check Up Survey.https://sbecouncil.org/2023/09/12/new-check-up-survey-for-q3-small-business-owners-foresee-deteriorating-economic-conditions/2 - The IRS recently announced a moratorium through at least the end of the year on processing new claims for the Employee Retention Credit, a highly popular COVID-era relief program designed to help small businesses keep their employees on payroll.https://www.irs.gov/newsroom/to-protect-taxpayers-from-scams-irs-orders-immediate-stop-to-new-employee-retention-credit-processing-amid-surge-of-questionable-claims-concerns-from-tax-pros3 - Entrepreneurs who choose to re-enter the traditional workforce are 30% less likely to get job interviews than applicants with only traditional experience, according to research conducted by two professors of management.https://fortune.com/2023/09/06/entrepreneurs-founders-get-fewer-job-interviews-research-survey-management/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with their strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let me help you grow your small business.
12:09 9/26/23
9-12-23 - The New I-9 - What You Need to Know
FEATUREThe Department of Homeland Security issued a new Form I-9, also known as the Employment Eligibility Form, on August 1.  If you have employees, you need to be completing an I-9 on every new hire and should have already completed an I-9 for every existing employee.  Penalties for non-compliance are stiff.Today’s guest is Karen Moss, of Innovative Outsourcing:Karen’s email:  kmoss@innovative-outsourcing.comKaren’s LinkedIn page:  https://www.linkedin.com/in/karenemoss/Innovative Outsourcing web page:  https://www.innovative-outsourcing.com/----------NEWS ROUNDUP1 - The Department of Labor has proposed a rule that could significantly increase the overtime costs for small businesses.https://www.shrm.org/resourcesandtools/legal-and-compliance/employment-law/pages/proposed-overtime-rule-2023.aspxhttps://www.wsj.com/articles/julie-su-labor-department-overtime-pay-biden-administration-b314387c2 - The Department of Treasury will begin requiring tens of millions of small companies to hand over details about their ownership via a new rule on beneficial ownership reporting under the Corporate Transparency Act.https://sbecouncil.org/2023/08/15/new-federal-reporting-requirement-for-small-businesses/https://www.nfib.com/content/analysis/national/the-upcoming-regulation-change-every-small-business-owner-should-know/3 - Excessive borrowing costs continue to frustrate small businesses seeking access to capital, according to a new survey.https://www.nfib.com/content/press-release/economy/new-nfib-survey-increased-financing-costs-tops-the-list-of-credit-concerns-for-small-business-owners/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 Do you want to grow your business?  I help small business owners succeed with their strategy, marketing, and operations.  Email me today at adam@smallbizflash.com and let me help you grow your small business.
13:42 9/12/23
8-29-23 - 3 Ways Your CRM Can Boost Company Performance
FEATUREMany small businesses already have a CRM in place, but these platforms can be very robust, and you’re probably not taking full advantage of the functionality available to you.If don’t already have a CRM, some of the most popular for small companies include HubSpot, Zoho CRM, Monday Sales CRM, Insightly, and Pipedrive, to name a few.Other than storing contact information and running your email newsletters, three more ways to leverage your CRM to boost company performance are:1. Track the lifetime value of your customers2. Set up as many automatic communication points with customers as possible3. Standardizing workflow for common processes----------NEWS ROUNDUP1In a sweeping set of policy changes, Small Business Administration has increased the pool of eligible lenders, relaxed some requirements for an SBA-backed loan, and simplified the application process.https://www.wsj.com/articles/small-business-lending-is-about-to-change-with-simpler-requirements-8578a895https://www.forbes.com/sites/allbusiness/2023/06/29/new-2023-sba-loan-rules-make-getting-a-small-business-loan-easier/?sh=3c26bbf545eb2The Credit Card Competition Act would give some small business merchants a degree of choice over which credit card payment network is used when processing their transactions.https://www.nfib.com/content/press-release/homepage/nfib-releases-new-in-their-own-words-video-on-credit-card-competition-act/https://www.jobcreatorsnetwork.com/opeds/bipartisan-bill-to-address-credit-card-swipe-fees-would-help-small-businesses/https://sbecouncil.org/2023/06/28/coalition-letter-to-congress-in-opposition-to-credit-card-competition-act/3The recently released CNBC-SurveyMonkey Small Business Confidence Index dropped back down to the survey’s all-time low score of 42 out of 100.https://www.surveymonkey.com/curiosity/cnbc-small-business-q3-2023/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
09:57 8/29/23
8-15-23 - Advertise to Prospects Incoming From Your Lead Magnets
FEATUREAfter you’ve completed the hard work of developing, deploying, and promoting your lead magnet, you’re still not done.  The leads have started to come in, but what’s next?  In most cases, you’ll need to start an email marketing campaign to continue the conversation with prospects where the lead magnet left off and to invite them into an offer to do business with you.Be sure you don’t run afoul of anti-spam email laws in your jurisdiction.Once your specially created content has run its course for the prospects that came from your lead magnet, put them into your regular email list, so they continue to get your regular emailer.Email marketing software ratings and reviews:https://www.trustradius.com/email-marketinghttps://www.g2.com/categories/email-marketing----------NEWS ROUNDUP1Two polls have contradictory findings on how small businesses feel about the economy.https://www.vistage.com/research-center/business-financials/economic-trends/20230728-small-business-confidence-improves-for-second-month-wsj-survey/https://sbiqpoll.jcnf.org/app/uploads/2023/08/JCN-SBIQ-JULY-PPT-07-31-23-MASTER.pdf2The Main Street Tax Certainty Act, a bill introduced in Congress this spring, would make permanent the 20% Small Business Deduction for qualified business income.https://www.nfib.com/content/press-release/homepage/nfib-launches-new-issue-campaign-urging-congress-to-pass-the-main-street-tax-certainty-act/3Some small business advocates are calling for the reauthorization of the U.S. Small Business Administration.https://www.goldmansachs.com/citizenship/10000-small-businesses/US/voices/news/jul-10-2023-press-release.html----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/. 
08:32 8/15/23
8-1-23 - Promote Your Lead Magnets With These Proven Methods
FEATUREOnce you have developed a solid lead magnet, you want as many prospects as possible to interact with your valuable offer.  You need to promote the lead magnet through a variety of channels.You must first create a landing page for the lead magnet to direct prospects back to, where they will fill out a form with their contact information.Then, you can use your web site, social media, emailers, paid ads, and other methods to tell the world about your offer.----------NEWS ROUNDUP1A new bi-partisan bill in the Senate, the IDEA Act, would help small businesses deal with foreign theft of their intellectual property.https://www.cnbc.com/2023/07/27/senators-ip-theft-protection-bill.html2The Federal Reserve recently released its 2023 report on nonemployer firms.  46% of startup nonemployer firms plan to add employees in the next 12 months.https://www.fedsmallbusiness.org/survey/2023/report-on-nonemployer-firms3Small business owners are embracing ChatGPT and using it in a variety of ways, according to a new survey from Alignable.https://www.alignable.com/forum/57-of-smbs-have-already-tried-chatgpt-26-already-feel-it-will----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
13:30 8/1/23
7-18-23 - Deploy Lead Magnets To Get More Prospects
Feature begins at 4:12 (News roundup prior to that)FEATURELead magnets are an inexpensive way to get on the radar of more prospects.  They are popular because they work.There are numerous kinds of lead magnets, or lead generators, including downloadable guides or templates, free trials or samples, and on-demand webinars.Your lead magnets need to be useful and valuable – make them worth the time of your prospects. ----------NEWS ROUNDUP1As small businesses’ access to credit has tightened over the past few months, an alternative source of capital has gained more traction:  the investment dollars of customers.https://www.wsj.com/articles/startups-sell-bonds-raise-money-platforms-dc19a452As fears of a looming recession have begun to recede ever so slightly, owners may be breathing a sigh of relief.https://www.nfib.com/content/press-release/economy/small-businesses-raising-prices-falls-to-lowest-level-since-march-2021/3Americans continue to hold small businesses in high esteem, according to the latest Gallup survey of confidence in institutions.https://sbecouncil.org/2023/07/12/small-business-continues-to-lead-as-most-admired-among-americans/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
10:42 7/18/23
7-4-23 - AI Causes Mixed Feelings & Inflation Worries Persist
NEWS ROUNDUP162% of owners with businesses of annual revenue between $250,000 and $5 million said inflation was their top concern.https://stories.td.com/us/en/article/small-business-owners-concerned-about-employee-retention-product-shortages-and-inflation-td-bank-survey-shows2Small business owners have mixed feelings about artificial intelligence.https://sbecouncil.org/2023/06/28/what-do-small-business-owners-think-about-ai-and-governments-role/3Rent payments for small businesses have increased for the fifth straight month.https://www.alignable.com/forum/new-2023-record-55-of-smbs-have-higher-rents-+-nearly-40-cant-pay?from_topic=alignable----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
04:21 7/4/23
6-20-23 - Things To Know for Small Business Sales
FEATUREThere are many aspects to sales that a small business needs to get right.  We discuss the difference between sales process and sales methodology, and the difference between a sales plan and a sales playbook, among other things.Today’s guest is David Lusk, of Evergreen Sales Group:David’s email:  drlusk@evergreensales.groupDavid’s LinkedIn page:  https://www.linkedin.com/in/drlusk/Evergreen Sales Group web page:  evergreensales.groupListeners of the show will get free access to the sales personnel assessment tool Willset Core Motivation Analysis, just by contacting David.----------NEWS ROUNDUP1Small businesses fled states with the most burdensome Covid restrictions during the pandemic.https://www.wsj.com/articles/covid-lockdowns-business-employers-migration-states-bureau-of-labor-statistics-85b7d5922A bill introduced last month in the US Senate would enable small businesses to potentially get exemptions from some federal regulations.https://www.foxnews.com/politics/joni-ernst-small-businesses-authorized-prove-it-act-of-2023-excessive-federal-regulations-gop-bill3According to a recent study by Wells Fargo, 52% of small business owners say they do not want their children to inherit and run the business.https://www.cpapracticeadvisor.com/2023/06/20/most-small-business-owners-dont-want-their-kids-to-inherit-and-run-their-business/81200/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
12:06 6/21/23
6-6-23 - SBA Loan Rates Top 10% & Small Biz Tax Deduction Expires in 2025
NEWS ROUNDUP1The average rate for a Small Business Administration loan has now hit double-digits.https://www.wsj.com/articles/fed-rate-increases-hit-small-businesses-the-hardest-7da7fb8ehttps://www.nerdwallet.com/article/small-business/sba-loan-rates2Small business groups are calling on Congress to make the small business tax deduction permanent.https://www.jobcreatorsnetwork.com/press_releases/job-creators-network-strongly-supports-main-street-certainty-act-of-2023-to-make-20-small-business-tax-deduction-permanent/3The current job market is tough for employers, and 69% of small business owners are taking action to retain employees.https://www.truist.com/resources/small-business/annual-small-business-survey-results----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
04:46 6/6/23
5-23-23 - Avoid 2 Big Mistakes Companies Make Hiring for Sales
FEATURESales is a foundational to the success of your small business.  No sales means no revenue, which means no business.  But many small businesses struggle to get sales right.  And as they scale, they make costly mistakes, like hiring just one heavy hitter or promoting a hire performer into the sales manager role just because he/she has good numbers.  Today, we talk to expert about how a fractional sales approach can help.Today’s guest is David Lusk, of Evergreen Sales Group:David’s email:  drlusk@evergreensales.groupDavid’s LinkedIn page:  https://www.linkedin.com/in/drlusk/Evergreen Sales Group web page:  evergreensales.groupListeners of the show will get free access to the sales personnel assessment tool Willset Core Motivation Analysis, just by contacting David.----------NEWS ROUNDUP1As negotiations continue in Washington over raising the national debt ceiling, there are fears about the fallout to small businesses if a deal isn’t reached.https://www.uschamber.com/small-business/the-debt-limit-stalemate-and-your-small-business-everything-you-need-to-know2Small businesses are slowing down their hiring.https://www.wsj.com/articles/workers-are-still-needed-but-many-small-businesses-have-slowed-hiring-dfa30be63Despite the challenging times, or perhaps because of them, small business owners are looking for growth opportunities.  A poll found that 51% of owners have growth-oriented objectives.https://www.truist.com/resources/small-business/annual-small-business-survey-results----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
12:05 5/24/23
5-16-23 - Segment Your Email List for More Clicks
FEATUREMany small businesses use email marketing to reach prospects and customers.  But a common mistake is to not segment the list to better target the recipients with messaging and offers they will respond to.  Numerous studies have shown that segmenting your email list and customizing the messages to each segment increases click-through-rates.----------NEWS ROUNDUP1Confidence among small business owners fell to a decade low last month, according to the latest monthly data from the National Federation of Independent Business.https://www.nfib.com/content/press-release/economy/labor-quality-becomes-top-small-business-problem-followed-by-inflation/The Wall Street Journal/Vistage survey of small business owners found somewhat similar results.https://www.vistage.com/research-center/business-financials/economic-trends/20230504-small-business-confidence-holds-wsj-survey/2Nearly half of small businesses, at 48%, prioritize digital-first marketing, according to Bank of America’s 2023 Small Business Owner Report.https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/04/bofa-survey-76-percent-of-small-businesses-feel-well-equipped-to.html3Thousands of small businesses have started a side hustle in the RV industry as a way to make some extra cash.https://www.foxbusiness.com/features/side-hustle-helping-small-businesses-across-us-make-extra-cash-beat-inflation----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
08:20 5/16/23
5-9-23 - SBA Loan Applications and Using a Credit Line
FEATUREWe continue the conversation from last week with an SBA loan expert, talking about the timely topic of credit availability, as well as what paperwork is needed to get a loan.  We also look the right and wrong way to use a credit line.Today’s guest is Laurence Leopold:Laurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/----------NEWS ROUNDUP1Small business’ access to credit tightened in April.https://b2c-cms2.b2cdev.com/small-business-lending-index/april-2023282% of business owners plan to obtain funding for their business in the next 12 months, but only 29% will seek out traditional bank loans.https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/04/bofa-survey-76-percent-of-small-businesses-feel-well-equipped-to.html3The Small Business Administration is trying to reverse a decline in the number of small businesses that have contracts with the federal government.https://federalnewsnetwork.com/contracting/2023/05/agencies-spending-record-amounts-on-small-business-contracts-amid-shrinking-pool-of-firms/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
12:26 5/9/23
5-2-23 - Types of SBA Loans and Basic Eligibility Requirements
FEATURESmall Business Administration, or SBA, loans play a critical role in financing many small companies.  In this episode, we discuss the difference between 7a and 504 loans and talk about some of the basic eligibility requirements for getting an SBA loan.Today’s guest is Laurence Leopold, of Byline Bank:Laurence’s email:  lleopold@bylinebank.comLaurence’s LinkedIn page:  https://www.linkedin.com/in/laurence-leopold-4496342/Byline Bank’s web page:  https://www.bylinebank.com/ ----------NEWS ROUNDUP1Despite numerous ongoing concerns, a majority of small business owners are reporting increased revenue in 2022 from 2021, and are generally bullish about their growth in the next year.https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/04/bofa-survey-76-percent-of-small-businesses-feel-well-equipped-to.html2Small business owners are stressed out about money, according to new research.https://newsroom.lfg.com/small-business-owners-have-big-personal-finance-concerns-according-to-new-lincoln-financial-group-study.htm3Apple has launched a new small business website to mark National Small Business Week, which is this week.https://www.computerworld.com/article/3694593/apple-wants-to-be-the-platform-of-choice-for-small-business.htmlhttps://www.apple.com/business/small-business/----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
12:08 5/2/23
4-25-23 - The Balanced Scorecard: Focus On What’s Important
FEATUREThe balanced scorecard is a tool that any small business can use to focus on the important areas of operations, as well as finances, linking them to specific goals to generate better outcomes.  The scorecard moves beyond just the typical financial metrics and aligns daily activities with the company’s overall strategy.https://hbr.org/1992/01/the-balanced-scorecard-measures-that-drive-performance-2----------NEWS ROUNDUP1Small businesses are hiring only temporary, part-time workers and contractors at a record high rate of 25%.https://www.alignable.com/forum/smbs-hedge-bets-on-recession-contract-part-time-hiring-up-to-new?from_topic=polls2The Small Business Regulatory Flexibility Improvements Act would force federal regulators to more accurately disclose the total impact of all new rules on small businesses.https://cei.org/blog/regulatory-reform-in-the-118th-congress-small-business-regulatory-flexibility-improvements-act/3The United States Patent and Trademark Office (USPTO) has reduced fees for small and micro entity patent applicants as part of a Congressional effort to lower the barriers to obtaining patents.https://www.natlawreview.com/article/2023-patent-fee-reductions-and-trademark-response-period-changes----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/. 
07:39 4/25/23
4-18-23 – Why Your Small Biz Probably Needs Corporate-owned Life Insurance – Part 2
FEATUREToday’s guest is Jack Smith, of The American Insurance Group:Jack’s email:  jack@insurancegroup.usJack’s LinkedIn page:  https://www.linkedin.com/in/jacksonsmith1/ The American Insurance Group’s web page:  http://www.theamericaninsurancegroup.com/----------NEWS ROUNDUP1Small businesses are filing for bankruptcy at record high rates, according to new data from UBS.https://markets.businessinsider.com/news/stocks/svb-banking-crisis-credit-crunch-private-bankruptcy-filings-small-business-2023-32Small businesses will now have a tougher time getting their message out on Twitter because of changes to the account verification process.https://www.abcactionnews.com/news/region-hillsborough/small-businesses-left-behind-as-twitter-introduces-a-new-verification-model3Amazon has been mislabeling some products as sold by small businesses, when in fact, they were not, according to an article published on the tech web site The Information.https://www.theinformation.com/articles/amazon-hands-out-small-business-label-to-huge-sellershttps://www.manufacturing.net/video/video/22807059/amazon-accused-of-mislabeling-sellers-as-small-or-blackowned-businesses----------This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.👀 Watch on YouTube:  https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg.📧 I would love to hear from you!  Please email me at adam@smallbizflash.com.🖥️ Learn how I can help your small business at https://eraynay.com/.
11:44 4/18/23