Getting Started

The former president of a Michigan-based asphalt paving company has been sentenced to prison and ordered to pay a substantial fine for his role in a multiyear bid rigging scheme that defrauded customers and undermined competitive contracting. Daniel L. Israel, former president of Asphalt Specialists LLC (ASI) in Pontiac, was sentenced on May 22 to six months in prison and fined $500,000 after pleading guilty to conspiring with Al’s Asphalt Paving Company Inc. and other co-conspirators to rig bids on asphalt paving contracts across Michigan. Israel admitted to coordinating with employees from both companies to submit intentionally non-competitive bids designed to deceive …

Key Takeaways Importance of Engagement: Actively engaging clients during summer enhances relationships, drives business growth, and helps maintain visibility even when client schedules shift.Creative Connection Strategies: Utilize outdoor events, seasonal promotions, and friendly check-ins to stay top-of-mind with clients while capturing the vibrant summer spirit.Personalized Communication: Tailor messages to clients’ interests and needs, using email marketing for summer-themed promotions and regular check-ins to foster meaningful interactions.Interactive Content: Incorporate social media challenges, polls, and contests to encourage client participation and make interac…

Key Takeaways Proven Business Model: The Steak Shack franchise adopts a successful business model that minimizes risk for new franchise owners, providing a solid framework for running a restaurant. Extensive Training and Support: Franchisees benefit from comprehensive training and ongoing support, including operational guidance and marketing strategies to ensure consistent success. Varied Investment Options: The franchise offers flexible investment models, with the traditional option requiring a higher initial investment, while the Franchise Partnership model allows for a lower entry point with profit-sharing benefits. Diverse Menu Offerings: The menu features high-…

Key Takeaways Incorporation Basics: Incorporating your business establishes it as a separate legal entity, affecting liability, taxes, and growth potential; choose the structure that best fits your needs (LLC, corporation, etc.). Financial Organization: Open a corporate bank account to separate personal and business finances, simplify tax preparation, and enhance business credibility. Tax Compliance: Understand and meet your tax obligations by obtaining an Employer Identification Number (EIN) and keeping accurate records to avoid penalties. Ongoing Compliance: Maintain proper records, conduct annual meetings, and file necessary reports to ensure compliance with stat…

Key Takeaways Impact on Success: A well-planned startup office setup enhances productivity, fosters collaboration, and ultimately contributes to the success of your business. Optimal Layout: Design your office layout to encourage teamwork with communal areas while also incorporating quiet zones for focused work. Ergonomic Furniture: Invest in ergonomic furniture that ensures comfort and promotes employee well-being, which in turn boosts productivity. Technology Integration: Utilize reliable technology and high-speed internet to streamline operations and enhance communication among team members. Budgeting Wisely: Engage in careful budgeting by considering location, …

Key Takeaways Assess the Value of Awards: Different awards vary in their significance; prioritize those that enhance credibility and visibility for your business or career. Industry-Specific Recognition: Focus on awards relevant to your field, such as business, marketing, or innovation awards, to position yourself as a leader within your industry. Consider National and International Prestige: Competing for prestigious national and international awards can significantly boost your profile and open doors to key industry connections. Evaluate Application Criteria: Understanding the application process and requirements for each award will help you gauge the potential re…

Key Takeaways Types of Machines: Milkshake machines are available in commercial models for high-volume demand and compact home versions for personal use, catering to different needs.Key Features: Important features to consider when choosing a milkshake machine include capacity and size, ease of use, and ease of cleaning and maintenance.Top Brands: Consider reputable brands like Brand A, Brand B, and Brand C, each offering durability, efficiency, and user-friendly designs tailored for either commercial or home environments.Benefits: Using a milkshake machine ensures consistent quality, time efficiency during busy hours, and versatility in menu offerings, which enhances c…

After a slower-than-usual start to the seasonal climb, gas prices are beginning to rise just ahead of the summer travel season, according to AAA. The national average for a gallon of regular gasoline rose by four cents over the past week, reaching $3.192. The increase comes as crude oil prices climb and fuel demand begins to rise. AAA notes that the typical spring surge in prices was delayed this year due to lower-than-normal crude oil prices. However, prices are now aligning with seasonal expectations. Despite the recent rise, gas remains about 40 cents cheaper than the same time last year, when the national average was $3.60. The price uptick arrives just as a record …

Key Takeaways Enhanced User Experience: The new LinkedIn features a streamlined interface and improved navigation, simplifying content sharing and profile management for users. Dynamic Content Tools: Users can now leverage LinkedIn Stories, Live video capabilities, and improved sharing options to engage their audience and showcase their brand effectively. Advanced Networking Opportunities: The platform connects small businesses with over 700 million users, facilitating valuable relationships and collaborations with industry influencers and potential clients. Powerful Analytics and Advertising: New analytics tools provide detailed insights into user behavior, while a…

Key Takeaways Growing Demand: The senior population is rapidly increasing, creating substantial opportunities for businesses focused on providing essential services tailored to older adults. Diverse Service Options: Entrepreneurs can explore various service categories, including in-home care, transportation, and companionship, to meet the specific needs of seniors. Importance of Quality Care: Building a business based on compassionate, high-quality service not only ensures customer satisfaction but also positively impacts the lives of seniors. Navigating Regulations: Understanding and complying with the complex regulatory environment in the senior service industry i…

What role should the government play in small business owners’ economic life? It seems that with the The President tariffs are at tax that the government is putting on all our lives, but should it just stay out of it? On The Small Business Radio Show this week, Sen. Phil Gramm describes evidence points to government interference and failed policies that pose the most significant threat to economic freedom. Gramm, who has a long history in U.S. politics, having served in both the House of Representatives and the Senate, joins my conversation with Don Boudreaux, who is an economist and professor at George Mason University. They have a new book called “The Triumph of Ec…

Key Takeaways Convenience and Personalization: Amazon Registry allows users to create customized gift lists, simplifying the gifting process for special events or business launches. User-Friendly Features: The intuitive interface makes managing registries easy, enabling quick updates and effortless navigation without technical complications. Enhanced Customization: Users can showcase their brand identity through unique storefronts, utilizing A+ Content for improved product listings and higher conversion rates. Community Engagement: Features like group gifting encourage collaboration among supporters, fostering relationships and promoting brand loyalty. Strategic Ma…

Key Takeaways Identify Campground Type: Understand the different types of campgrounds such as private, public, glamping, and backcountry, each catering to unique audiences and needs. Thorough Research and Planning: Conduct market research to assess demand and create a detailed business plan outlining your vision, budget, and operational structure. Choose the Right Location: Select a site with adequate land, accessibility, and proximity to natural attractions to enhance appeal and ensure customer convenience. Design for Experience: Plan your campground layout to prioritize privacy, accessibility, and integration of natural features, while promoting eco-friendly pract…

Key Takeaways Understanding the factors that influence the number of storage units per acre is essential for optimizing land use and increasing profitability.Zoning regulations and land use considerations significantly impact unit density, with limitations based on coverage rates and buildable space.Different types of storage units (climate-controlled, drive-up, outdoor, self-storage, and warehouse) require various space allocations, affecting the total number of units per acre.Calculating storage units per acre involves using standard measurements and example calculations to estimate how many units fit into available buildable space.Successful storage developments bala…

Key Takeaways Resilience is Key: Successful mom entrepreneurs demonstrate the ability to adapt and persevere through the daily challenges of balancing motherhood and business. Effective Planning is Essential: Creating a solid business plan that includes financial management, market research, and growth strategies is critical for long-term sustainability. Networking Drives Success: Building relationships with mentors and fellow entrepreneurs can open doors to funding opportunities, partnerships, and valuable insights. Master Time Management: Implementing effective time management strategies, including scheduling and task delegation, enables mom entrepreneurs to prior…

Key Takeaways Understanding the Job Market: Recognize that current hiring challenges stem from a competitive landscape, evolving candidate preferences, and a significant skills gap.Remote Work Preference: Job seekers prioritize flexibility and remote opportunities, which impacts how businesses attract talent and structure job postings.Economic Impacts: The labor shortage, highlighted by millions of job openings vs. job seekers, increases competition for talent and raises labor costs for small businesses.Employee Retention Focus: Implementing retention strategies such as employee development and enhanced benefits can mitigate turnover and improve team stability.Innovativ…

Canva has unveiled a major expansion of its AI capabilities with the launch of Canva AI, a new suite of generative design tools introduced at Canva Create 2025. The company describes the release as its most significant AI rollout to date, bringing together new products, enhanced features, and deeper integrations to help users design, code, and create more efficiently. The new tools are part of Canva’s broader goal to “make powerful, intuitive AI tools available to everyone, so you can design, code, and create at the speed of your imagination.” Canva AI: An All-in-One Creative Partner At the center of the announcement is Canva AI, a conversational interface that combines…

Small business optimism dropped across all major industry sectors in April, with retail businesses showing the steepest decline, according to the latest industry-specific Small Business Economic Trends survey released by the National Federation of Independent Business (NFIB) Research Center on Tuesday. The quarterly report focuses on four major sectors: construction, manufacturing, retail, and services. All four sectors reported a decrease in optimism compared to the previous quarter, although three out of the four — construction, manufacturing, and services — maintained optimism levels above the long-term average Optimism Index of 98, recorded over the last 51 years. “…

Key Takeaways Effective Management Practices: Focus on tenant management, inventory maintenance, security measures, and customer service to optimize storage unit property management and enhance tenant satisfaction. Technology Utilization: Implement property management software to automate tasks, streamline operations, and improve tenant interactions for greater efficiency. Financial Considerations: Conduct market research for competitive pricing strategies and maintain comprehensive budgets to manage operating expenses and ensure positive cash flow. Challenges and Solutions: Identify common challenges such as rising costs and customer retention difficulties, and ado…

The Minnesota Department of Agriculture (MDA) has announced that applications are now open for the Agricultural Growth, Research, and Innovation (AGRI) Value-Added Grant Program. The initiative aims to boost the state’s agricultural and renewable energy sectors by supporting value-added businesses with targeted equipment investments. Through the AGRI Value-Added Grant, eligible applicants — including individuals, farmers, businesses, agricultural cooperatives, nonprofit organizations, educational institutions, local governments, and tribal governments — can apply for funding to enhance the production capacity, market diversification, and market access of value-added agri…

In 2023, several content marketing trends are emerging that you should be aware of. AI-driven content creation offers efficiency, whereas real-time personalization can greatly boost user engagement. Short-form video content is gaining traction, and optimizing for voice search is becoming crucial for visibility. Furthermore, user-generated content builds trust, and collaborating with micro-influencers can extend your reach. Comprehending these trends will help you adapt your strategies effectively. What else should you consider to stay ahead? Key Takeaways AI and Automation: Utilize AI tools for efficient content creation while ensuring human review for quality and bra…

Key Takeaways Understanding Local Needs: Effective local marketing focuses on understanding the unique preferences of your community, which fosters trust and enhances customer loyalty. Community Engagement: Actively participating in local events and initiatives strengthens your brand presence and builds valuable relationships with customers. Local SEO Importance: Optimizing your online presence for local search is crucial; maintain an accurate Google My Business listing and use local keywords to boost visibility. Leveraging Social Media: Utilize social media platforms for direct communication with local audiences, sharing relevant content and encouraging interaction…

Key Takeaways Flexibility in Space Management: Small business self-storage provides customizable solutions that adapt to fluctuating inventory levels and seasonal demands, allowing businesses to maintain an organized workspace. Cost-Effective Solution: Renting a self-storage unit can be more economical than expanding office space, enabling businesses to allocate resources effectively for growth. Enhanced Security Features: Self-storage facilities offer advanced security measures, including surveillance and controlled access, ensuring that valuable assets remain protected. Strategic Location Selection: Choosing a conveniently located storage facility within a reasona…

Bank of America Institute’s latest “Small Business Checkpoint” report, released May 15, 2025, reveals a complex picture of small business behavior across the country, with signs of sector-specific inventory stocking and mixed trends in hiring activity. The findings are based on internal transaction data and provide a snapshot of small business financial activity in the face of ongoing economic uncertainties. Stocking Up in Select Sectors The report shows that small businesses overall are not significantly increasing their inventory levels, despite the recent surge in tariffs contributing to economic uncertainty. However, firms in the manufacturing and services sectors ar…

Key Takeaways Importance of Gift Shipping: Timely and accurate shipping is vital for customer retention and brand reputation, ensuring a positive gifting experience.Types of Gifts: Understand different categories of gifts, such as physical goods, gift baskets, digital items, and subscription services, each requiring tailored shipping strategies.Choosing Packaging Wisely: Use sturdy packaging and protective materials to secure gifts during transit, and consider reusing boxes with proper care to enhance customer satisfaction.Selecting Shipping Services: Evaluate various carriers for reliability, speed, and cost, and ensure you offer tracking options to keep customers info…