Month: November 2024

Preparing for Black Friday and Cyber Monday as a Small Business

This blog post from WooCommerce encourages small business owners to start preparing early for Black Friday and Cyber Monday. If you don’t have a solid plan in place, all is not lost! You still have time to build excitement with your loyal customers by offering them early access to exclusive deals, and focus your marketing on specific products that will grab attention without cutting too deep into profits. Make sure your website is ready for the rush—optimize for speed, simplify the checkout process, and use tools like chatbots and FAQs to keep things running smoothly. See the blog post for more tips!

Addressing Barriers to Women’s Entrepreneurial Success

Women entrepreneurs are highly confident in their abilities and ambitious to grow their businesses, yet systemic barriers such as limited access to finance, support networks, and digital skills hinder their potential. Addressing these challenges through tailored solutions and collaborative efforts between public and private sectors can unlock significant economic opportunities while empowering women entrepreneurs to thrive. Read more in this post on Morningstar.

How Entrepreneurs, Led by Women, Are Shaping 2025’s Business Landscape (from the EY Entrepreneur Ecosystem Report)

As 2025 approaches, entrepreneurs remain optimistic about growth despite economic uncertainties. According to EY’s Entrepreneur Ecosystem Barometer, many entrepreneurs who experienced strong revenue growth in 2024 anticipate a stronger market next year.

Key trends include significant investments in AI, product development, and talent to drive productivity. Fundraising and strategic transactions, like mergers and acquisitions, are major priorities, with many entrepreneurs planning to secure capital to fuel further expansion. Women entrepreneurs are particularly leading in AI adoption, with nearly half having established AI systems and a strong inclination toward staying ahead of technological trends, underscoring their commitment to innovation and growth.

Finally, entrepreneurs are balancing productivity with personal well-being, maintaining an in-office presence while prioritizing rest and work-life balance to sustain success and avoid burnout.

Corporate Transparency Act and What You Need To Do As An LLC

The Corporate Transparency Act (CTA), effective January 1, 2024, mandates that many U.S. small businesses report their beneficial ownership information to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. Failure to comply can lead to significant penalties, including fines and imprisonment. Filing is straightforward – businesses will not incur a fee for submitting their reports, and electronic forms are available on FinCEN’s website.