At some point in their history, many small businesses will need a loan to expand. Maybe it’s for adding equipment, launching a new product line, or marketing your product or service. Financial website NerdWallet offers five things small business owners need to do to successfully apply for the funding. Here’s a summary: Think about whether you […]

Looking to open or expand a business in New Castle County? New Castle County has launched an interactive online portal, NCCInnovates.com, with the information you need to make that decision, from economic trends to major industries to available incentives. “We want to help businesses innovate and grow so they can win the future,” County Executive Matt […]

Millennials have a lot to teach other business owners when it comes to hiring good employees and getting them to stick around. “While holding onto great talent is a real struggle for business owners, those in the millennial set could be better equipped than their older counterparts to handle it, namely because they think differently […]

There are lots of reasons why businesses don’t succeed. Financebuddha.com listed the five most common: Inadequate funding Owner not involved enough in running the business Lack of marketing Failing to be aware of what competitors are doing Being overstaffed or understaffed Click here to read the full report and learn about these challenges. If you […]

Business owners ranked rising labor costs, including wages and health care, as their top concern, according to M&T Bank’s survey of their business banking clients. Forty-seven percent said it was their biggest challenge. Still, almost three-quarters said they plan to increase wages in the next year, including 17 percent who plan to raise wages by more than […]

Your science-based company can win a year of free lab space and advice at Delaware Innovation Space at the Experimental Station in Wilmington. It’s a great chance to grow your company with access to state-of-the-art equipment and free expertise. The competition is open to startup companies with some affiliation with the University of Delaware, which is […]

Payroll processing firm Paychex asked more than 1,000 would-be small business owners to name their biggest hopes and fears in starting a business. Most common hopes: • More independence • Love owning a business • Make a lot of money Most common fears: • Business will fail • Business will not make much money • Business will go bankrupt Some of […]

Nerdwallet, the financial advice website, offers seven rules for picking the perfect name for your small business. Among the highlights: Make it memorable Make it easy to spell and pronounce Make it descriptive of what your business does Make sure another company isn’t already using the name For more advice from Nerdwallet on choosing a […]