Discover and read the best of Twitter Threads about #smallbiz

Most recents (24)

NEW THREAD: The impact of #COVID19 on #smallbiz has been catastrophic. According to 2 new analyses from @SHamiltonian and @HamiltonProj:
From mid-March to mid-May 2020, > 40% of all small businesses closed, causing revenues to drop 40% on average #COVIDEconomy
By mid-July, more than 420,000 small businesses had permanently closed—equivalent to the # of failures typically seen over a whole year. #COVIDEconomy #SmallBiz
Read 11 tweets
During prayer this morning I rejoiced because I'm not #homeless. The last time we had a politically motivated #financial recession, the pres bailed out banks & big corps instead of the citizens. Contrast 2009 with this year. And, yes, it should be obvious to any thinking person
that we have a severe economic disruption every decade. Why is that? Is it b/c there's a new admin every 8 years? Yes and no. Perhaps we should amend the law so @realDonaldTrump can remain in office until Jan 2029 so we can KAG permanently. Make it so, LORD God Yehovah!
@realDonaldTrump Americans are waking up to realize how blatantly demonic, lifelong politicians mess around with the country's financials to create the appearance of disaster so they can shuffle #money where they want it. This one backfired big time, though, b/c DJT loves the country and people.
Read 18 tweets
Btw, speaking sending stuff and sharing things ...
I don't think I've yet shared the news (on Twitter) that I'm speaking at @TheHPAlliance #CampGLA on Saturday @ 1:30pm!!! Soooo looking forward to this. bit.ly/campgla Image
If you're not familiar with @TheHPAlliance, they're a great groups of folks who use the power of #storytelling & #popculture to make activism accessible & sustainable. #CampGLA thehpalliance.org
Read 10 tweets
I've worked in #ReproductiveHealth / #ReproductiveJustice for more than a decade — including multiple women's rights organizations (both internationally & domestically focused).
Disclosure: I know several current & former employees — including folks in leadership — of many ethnicities, including white folks, at IWHC.
Read 10 tweets
Looks like it's going to rain outside & @lifetimetv is currently airing a kink-friendly movie about open marriages. So, now I know exactly what I'm doing for the next 2 hours. 🍿
Couple A about Couple B's #OpenMarriage: "I didn't think they were the type." Well, sir, that's the thing ... You never really know who's kinky and who's vanilla. 👀
Everything is contextual anyway. I'm considered ...
✅ Vanilla AF among kink-friendly friends
✅ Kinky AF among vanilla crowds
#OpenMarriage
Read 31 tweets
I ❤️ #Costco cakes. 😢 For my debut one-woman theater show — I Füçkèd Your Country — that's where our production manager place the launch party cake order. Sad the cakes are no more. #ACreativeDC #202Creates nytimes.com/2020/06/26/bus… Image
For my 2nd one-woman theater show, we supported a local bakery that was a fellow woman-owned, #BlackOwned business: Diva Kakes. #202Creates #SmallBiz #ACreativeDC #ShopLocal Image
Details, press, reviews, photos, etc. about each of my shows are available online. #202Creates #ACreativeDC funkybrownchick.zohobackstage.com/WereAllGoingTo…
Read 4 tweets
We talk a lot about growth, marketing, SEO & all the fun sides of #startups and #entrepreneurship, but there's more to online business than that.

Let's take a crash course in financial statements, shall we?

THREAD
The 3 financial statements businesses issue to report their financial performance are:
1⃣ Cash Flow Statements
2⃣ Balance Sheets
3⃣ Income Statements

@freshbooks has a good tutorial on how to read each of these statements. freshbooks.com/blog/financial…

#Accounting #SmallBusiness
1. CASH FLOW STATEMENT
1a) The cash flow statement shows actual cash inflows and outflows of a business over time. 📈

It basically measures how well a company manages its cash. @noahparsons and @Bplans explain cash flow statements in this article:

articles.bplans.com/what-is-a-cash…
Read 17 tweets
THREAD:

11 days ago, Democrats denied additional funding for the #PaycheckProtectionProgram.

And 4 days ago, it ran out of funding.

Every job lost until this crisis has passed is because of job-killing Democrats.
In Nancy Pelosi's backyard, in San Francisco, CA, the owner of a small graphic design firm “is doing what she can to keep her employees paid but just found out the $349 billion stimulus fund called the #PaycheckProtectionProgram is already out of money.”
nbcbayarea.com/news/local/san…
In Columbus, OH, a hair salon “applied for the #PaycheckProtectionProgram to keep their workers on payroll and pay other bills. The problem is, the $350 billion dollar program has run out of money.”

That's because of Democrats in Congress. myfox28columbus.com/news/local/pay…
Read 8 tweets
If you’re stuck at home (like almost everyone) consider contacting @GOP or go directly to candidates running in your district and volunteer to phone bank/send text messages. Strong candidates are losing valuable time and Dems haven’t stopped campaigning #VoteRedToSaveAmerica
Now is the perfect time to remind voters #SmallBiz is being screwed by Democrats. If we don’t #KeepSenateRed and #TakeBackTheHouse we’ll have at least two years of worthless investigations and Pelosi madness.
There are crazy amounts of grassroots Dems in CA organizing postcards, phone banking, text messages for candidates all over the Country. Never underestimate your power to inspire people🇺🇸
Read 8 tweets
2019 Saw Continued Revenue Growth Among Small Employer Firms, but Funding Shortfalls and Financial Challenges Threaten Ability to Weather COVID-19 Crisis → bit.ly/3aX7GfW
The importance of small businesses to our nation’s economy cannot be overstated. They account for 47.5% of the private-sector workforce and are vital to the fabric of local communities. → bit.ly/3aX7GfW
#smallbiz #toosmalltofail
Our Small Business Credit Survey (SBCS) offers information on small business financing needs, decisions, and outcomes to policymakers, lenders, and service providers. → bit.ly/3aX7GfW
#smallbiz
Read 14 tweets
#SmallBusinesses are being financially hammered by the #COVID19 pandemic. For those of you who are financially OK - here are some ideas on how you can support the small business people you know. Let's share this to support those of us who are self-employed!
1. You likely know someone who has self-published a book. Buy one. Then write a review a positive on-line review for it!
2. Consider hiring a professional speaker to do a webinar for your team! If you need a name for a topic, let me know – I know tons of professional speakers who would LOVE to assist you.
Read 10 tweets
Thanks to @cvpayne for having me on to talk tariffs vs economy. Since it was short, or if you missed it, here are some key points. 1st, China is a problem, primarily because of IP and espionage. I give POTUS credit for having the fortitude to fight for that...
Where I disagree is tactics (I’d use counter non-enforcement of IP as a tactic), but can at least agree on the underlying need. Where I think people miss the argument is on trade/jobs. The reality is that US consumers want their dollar to stretch far...
They don’t want to pay $65 for a t-shirt or toy produced in the US that they could pay $15 for sourced elsewhere (China or otherwise). Bringing that job back to the US is a false choice and illogical thinking. You don’t want to double pay if it means paying triple for goods...
Read 6 tweets
Whatever happened to #HighStmosaics ,our 2nd whistleblowing episode in #GCCHighStcrisis ?

Never heard back from MPs who expressed outrage
New tenant moved into shop but no replacement of #HighStmosaics #CityPropertyLLP destroyed despite MD saying⬇ in July 2018

#unaccountable
No reply to #CityPropertyllpPlanningEnforcement complaint submitted to @GlasgowCC in July 2018.We #whistleblowing twice & are paying for it
Read 10 tweets
#HighStAreaStrategy halted #Glasgow council landlord #CityPropertyLLP hiking rents by rent moratorium

Now CP must save HS est #smallbiz
Issues remain 2019➡'urgent action needed by GCC & Aleo #CityPropertyLLP under investigation' @SandraWhiteSNP May 13
eveningtimes.co.uk/news/13256149.…
As @GlasgowCC haven't reformed council landlord #CityPropertyLLP as arts, #smallbiz & 3rdsector urgently requested 2018, our issues remain
Read 10 tweets
Do you run a small business in the UK or know someone who does? If so, read on: #SmallBiz #SmallBusiness
You have probably heard/seen/read a lot on TV, Internet and Radio about Brexit. What you might not know is how it could affect your business.
A 'Hard' brexit (i.e. a badly managed form of leaving the EU resulting in a distant relationship with it) could have several negative effects on small businesses - difficulty sourcing stock, delays in obtaining raw materials, missed deliveries and difficulties recruiting staff
Read 4 tweets
I've long worked to make health care more affordable for individuals, families & children across ND. Follow along to see some of my efforts to fight for North Dakotans' to have access to quality care.
In early 2014, I unveiled a series of commonsense proposals with 5 other senators to take needed steps toward making the health reform law work better for individuals, families, & small businesses across North Dakota & the country. Read more in @politico: heitkamp.senate.gov/public/index.c…
To learn more, see the full timeline here of my work since 2013 to make the health reform law work better for families & businesses. heitkamp.senate.gov/public/_cache/…
Read 10 tweets
2/ How do you change the mindset of challenger brands always thinking about their competitors? #DENStartupWeek
A challenger brands’ competitors will often copy your strategy, but you shouldn’t waver. Be flattered. Don’t get demoralized, says a #DENStartupWeek panelist
Don’t change your business model to satisfy a unique need or small set of customers.

Understand why you’re special and put it into action.
Read 10 tweets
Did you know that over 80% of businesses are undercharging for their services?

Here's why you need to raise your rates:

(Thread)

#Sales #smallbiz
Raising Your Rates is a Sign of Professionalism:

If you pay rent, your property management company raises rent each year.
The cost of access to gas, electric, and other utilities also rises each year.

Your rates must rise to support cost of living expenses.
Raising Your Rates Signals High Value or Quality

Low pricing immediately raises suspicion.

Premium rates signify quality, prestige, and luxury for business services.
Read 9 tweets
Are you an online course creator who fears publishing courses because will download the info and ask for a refund?

Here are a few solutions:
*Clarify your course features and benefits
*Raise your rates
*Extend your money back guarantee

#contentmarketing #onlinecourses
Why do you need to clarify your online course features and benefits to reduce refunds?

Create a barrier to entry via #copywriting

How?
Be clear about who your course is for
Be clear about who your course is not for
Why does raising your rates reduce the number of online course refunds?

At premium price points, the psychology of the buyer changes from impulse tire-kicker to Investor.

When your price feels like an investment, you'll attract a results driven consumer.

Raise your rates
Read 4 tweets
We can #SaveTheInternet if the House will take a vote like the Senate. ISPs should not have the last word in what any American can see on the internet. Congress has a chance to put consumers and #SmallBiz first. #NetNeutrality
Seventy percent of small business owners feel that they are at a disadvantage compared to larger businesses due to their size and market power. The internet gives them capacity to try to equalize that disadvantage. Congress should support a free and open internet.
This is a debate of whether we are on the side of big utility-type companies or individuals and small businesses to guarantee them equal access to this critical service. Almost half of consumers have no choice of ISP. This is not about competition but preventing discrimination.
Read 3 tweets
The most basic rule of maintaining customer trust since humans invented commerce: have the product available for the customer, at the right price. These timeless lessons are essential to #smallbiz success in the digital age, and both are empowered by #IBPlogix 1/
Now that the world is moving faster, and customers are increasing expectations, you need your #supplychainplanning to have HANA cloud power to meet these timeless baselines. Digital solutions like @BeeLogixCan 's #IBPlogix allow #smallbix to compete in this fast-paced world. 2/
Don't let the world pass you by because of you worry about investment size. By scaling digital solution to #smallbiz, #IBPlogix is the turn-key, easy implementation of @SAPIBP that empowers your future growth. See how we can help you @SAPPHIRENOW + @ASUG365 2018, booth 988A 3/
Read 3 tweets
The value & importance of building networks & support groups for Entrepreneurs and Top Notch Professionals.

(Thread)
#Networking #SMB #CRM

👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
Breakthrough success in any endeavor requires the conscious cooperation of smart and talented people.

When you start a new idea, you ask “How can I get started?”

Top notch performers ask “ Who are the best people to help me make this idea launch successfully?” #SMB
As Innovators & Game Changers, eliminate the mindset of:

“Owning 100% of nothing”

💡Collaborations, Joint Ventures, & Partnerships are the fastest approach to growth, scalability, & getting wins on the board💡

#SMB #Startupgrind
Read 9 tweets
Why do your friends hesitate to support your ideas and your business?

These are details you need to understand about friendship that will save you time and heartbreak on your path as a Creator.

Based on a true story.

(Thread) #SMB
👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾👇🏾
Success in small business requires the conscious cooperation of other people to succeed. We naturally rely upon the direct support of our immediate peer group.

There are 3 types of friends.
Only 1 type has the capacity to support your evolution.
Let’s go deeper.
The first type of friends you develop are your Rite of Passage friends.
You meet during moments of transformation. During times of stress, the mind seeks familiarity & comfort.
Common interaction points:
Bootcamp, Freshmen year of college, high school athletics, church choir
Read 16 tweets
1/ The next time the GOP says they are fighting for small business, know that’s a lie. They had an opportunity to prove their #smallbiz commitment & do right by entrepreneurs and small biz owners- the backbone of our economy- and punted.
2/ Private equity professionals, who earn $$ of off investing others’ capital will keep low “carried interest” tax rates, but professional service providers that own their own businesses & risk THEIR OWN CAPITAL w no guarantees at all, get higher ordinary income tax rates.
3/This isn’t a dig at PE- I think the less $ the govt gets the better- but in what universe does a private equity professional deserve a lower tax rate than accountants, lawyers, consultants, IT service providers, etc. that are business owners?
Read 11 tweets

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