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Making a strong first impression on customers is essential for businesses aiming to differentiate themselves from the competition. Customized packaging solutions can assist businesses in reaching this objective. Consequently, it is no surprise that in recent years, the demand for custom packaging among small businesses has consistently increased. What is Custom Packaging? Unlike a one-size-fits-all packaging solution, custom packaging is uniquely tailored to a small business specific needs. The shape, size, materials, color, and style of the package are modified to reflect the business and to create a special buying experience. In addition to asking what custom packaging is, you should also ask what branding is in business because they go hand in hand in today’s eCommerce and shipping-centric business. How important is custom packaging? Growing competition means businesses have a harder time convincing prospects to buy from them. Custom packaging is an important tool to gain customer’s attention and elevate user experience. If done creatively, it can also help small business brands gain a sharp competitive edge. Custom Packaging for Small Businesses: Key Benefits With more businesses utilizing custom packaging to enhance their sales, is it time for you to consider this option as well? For small businesses, opting for custom retail packaging can create numerous opportunities. Let’s delve deeper into this topic. Excellent Customer Experience In many instances, the packaging of your product is the first glimpse customers get of your brand. With unique packaging, you can provide an excellent user experience from the get-go. If the many unboxing videos on social media are anything to go by, customers form an opinion and a bond with a business before they have even opened their package. This makes it useful to focus on customizing packaging to boost customer experience. And don’t forget to use the best shipping tape also, as this can improve the experience. Increased Brand Awareness with Customized Shipping Boxes A significant challenge for businesses today is standing out in a crowded market filled with similar products. Custom packaging can help overcome this obstacle by making a distinct impression. Custom packaging not only showcases the brand but also fosters a deeper connection with customers. Decreased Shipping Fees Choosing customized packaging makes good sense from a cost standpoint as well. By selecting this option, businesses can avoid using larger boxes they don’t need. This is a smart idea, especially because shipping companies charge for volume in addition to the weight of the package. So, make sure to look into the cheapest place to buy boxes to lower your overall cost. What Customizations Can Businesses Make to Their Packaging? Businesses have numerous avenues to explore when it comes to custom packaging. With options ranging from distinctive box designs to personalized sticker designs, the possibilities for customization are vast. Here are a few options to consider: Custom packaging options: There are numerous ways to customize boxes. You can adjust their shape, size, color, and material to align with your brand image. Customized stickers: A cost-effective way to customize packaging is to invest in tailor-made stickers. The advantage of customized stickers is they are water-resistant, which can be useful when shipping products. Customized rubber stamp: Another simple and inexpensive design option is to go for customized rubber stamps. The stamp can include the company logo or tagline to resonate with the customers. Customized packaging tape: Adhesive tapes help secure the boxes, but they can also be customized to reflect the brand. Customized bags: Customized bags can be helpful for businesses that produce sturdy products. How do I get Custom Packaging for my Product? Thanks to a host of business packaging solution providers, getting custom packaging for your business has become quite easy. There are many solution providers that specialize in customizing all elements of your packaging, including customized stickers, bags, and more. There are also some companies that let you design your packaging. They, in turn, take care of producing the elements for you. Let’s check out a few of them. Best Places to Order Custom Packaging: Brand the Inside and Outside of Your Product Boxes Packlane Packlane offers full customization and comes with a user-friendly 3D design tool. With Packlane, you will be able to choose from four types of custom boxes: mailer box, product box, shipping box, and econoflex shipping box. Another benefit of choosing this solution provider is they ship both in the U.S. and outside. UPrinting UPrinting is another option for end-to-end customized packaging solutions. They specialize in customizing a number of packaging elements such as stickers, labels, boxes, bags and pouches. UPrinting also has 24/7 customer service to address questions and concerns. Etsy Etsy offers a range of options for custom and handmade pieces for mailers and packages. Etsy is a good place to look for cost-effective options. Sticker Mule Sticker Mule specializes in custom stickers. Here, you can find a range of stickers, labels, and mailers. They offer free shipping and free online proofs all over the world. Pack Help Pack Help meets the needs of small businesses seeking affordable custom packaging solutions. They provide low minimum order quantities, quick turnaround times, and a user-friendly online editor. Paper Mart On Paper Mart, you can explore a variety of custom packaging options, including boxes, bags, mailers, and tape. Their easy-to-use online design studio allows you to create your own unique packaging. Plus, with same-day shipping, you can ensure timely delivery of your products. ShipBob ShipBob is a 3PL provider that combines its inventory management technology with nationwide in-house fulfillment. Unlike other solution providers, ShipBob doesn’t offer custom tapes and has size limitations on boxes. The Box Maker The Box Maker offers custom packaging solutions such as product labels and boxes tailored for small businesses. The company operates eight locations throughout Oregon, Washington, and Arkansas. Arka Arka offers custom-printed packaging for small businesses. Some of the products on offer include boxes, stickers, and tape. They have a simple process that involves choosing the products, dimensions, and quantity online. Businesses can offer their artwork to Arka and receive proof in just two days. Refine Packaging Refine Packaging provides free quotes, complimentary design assistance, low minimum order requirements, and outstanding customer service. The company also features live chat to provide immediate support for businesses. For large orders, Refine Packaging offers appealing discounts. The completed order is delivered within 8-10 business days. Packola Custom Boxes & Packaging: Design and Order Online | Packola Packola has a user-friendly interface that allows small businesses to design custom packaging in minutes. Its online design tool lets you create tailor-made mailer boxes, shipping boxes and product boxes. There are no minimum order quantities, and the site comes with live chat support. Brand in Color Customized Shipping Boxes for Everyone – brandINcolor Brand in Color offers mailer boxes, shipping boxes, and even pizza boxes for customization. The minimum order count is 25 boxes, and it offers fast shipping (3 days). The company provides examples of past work for inspiration. Custom Packaging Tips for Small Businesses Not all businesses are aware of how to start with custom packaging. Should they opt for a comprehensive set of customized solutions, or should they take a gradual approach with a few key elements, such as custom boxes and tailored packaging supplies? Here are some tips for small business owners considering this option: Focus on being functional: The packaging solution you choose should fit your purpose. That’s why it’s important to focus on being functional. For example, does the material of the box you’ve chosen adequately protect the product inside? It’s important to find the answer before making a business decision. Make it personal: The whole point of customized packaging is to help businesses add a personal touch to their branding. Think of ways to make the unboxing experience special for your customers. You can add a note or use packaging to offer discounts. Include samples: A simple way to make your packaging interesting and user-friendly is to add samples. This can be an effective promotional idea to please customers. Do your math: If you’re trying customized packaging for the first time, it’s important you do some calculations before deciding on one solution provider. Image: Depositphotos This article, "Brand Your Products with Custom Packaging" was first published on Small Business Trends View the full article

Redefine how you hire and develop top accounting talent. The Disruptors With Liz Farr Go PRO for members-only access to more Liz Farr. View the full article

Redefine how you hire and develop top accounting talent. The Disruptors With Liz Farr Go PRO for members-only access to more Liz Farr. View the full article

Here is a recap of what happened in the search forums today...View the full article

Apple Music and Spotify are the two most popular streaming services in the world; most of us already have our favorite. Fans get into endless debates about which service is better, and for many people, that boils down to two factors: pricing and recommendation algorithms. However, there are many other factors that settle the Apple Music vs. Spotify debate—you could be after better sound quality, sharing features, support for your preferred platforms, and many other things. But which service is superior? It depends on what you're looking for. Apple Music vs. Spotify: pricingIf you're on a really tight budget and just cannot afford to pay for a music streaming service, Spotify's ad-supported free tier allows you to listen without paying a dime. Apple Music offers a three-month free trial, but once that's done, you will have to pay. It's worth noting, though, that Apple Music does not have any ads. Spotify Premium has four plans, with Premium Individual at $11.99/month, Premium Duo (for two accounts) at $16.99/month, Premium Family at $19.99/month (up to six accounts), and Premium Student at $5.99/month (only for students). Apple Music costs the same as Spotify, without a "Duo" option: $5.99/month for the student plan, $10.99/month for an individual plan, and $16.99 for family. The student plan comes with free access to Apple TV+; Spotify's equivalent plan lets you access Hulu's ad-supported plans. If you're all in on the Apple ecosystem, you can get the Apple One bundle for a great discount. Apple One Individual costs $19.95/month for four services—Apple Arcade, Apple Music, Apple TV+, and iCloud (50GB). The Apple One Family plan offers all of this with 200GB iCloud storage for $25.95/month for up to six people. The Premier plan includes all of the above for six people, plus Apple News and Apple Fitness, for $37.95/month. Both services have something to offer for seasoned deal hunters, but Apple Music's promotions generally let you get more for free (assuming you don't just stick to Spotify's ad-supported tier). There are plenty of discounts on Spotify Premium, with the best offer being a three-month free trial. But for example, while Apple Music's free trial usually caps out at three months, at the time of writing, new users can get six months of Apple Music for a one-time payment of $2.99. Apple Music offers better sound qualityIf you're after the best sound quality, then Apple Music is a better option than Spotify. Apple Music allows you to listen to lossless audio files at no extra charge. With the right kind of wired audio equipment, you'll be able to hear the difference in sound quality. Spotify doesn't allow you to play lossless audio files yet. To be clear, the sound quality in both services is quite good—most people will not feel like they're listening to inferior audio. Especially if you use a pair of cheap earbuds, there's no point in trying to pick one service over another based on sound quality. This matters only for those who have high-end audio gear rather than those with low quality or Bluetooth earbuds. However, Apple also offers lossless audio for certain AirPods when paired with an Apple Vision Pro headset, since that circumvents Bluetooth. The company says, "AirPods 4, AirPods 4 with Active Noise Cancellation, and AirPods Pro 2 with USB-C Charging Case provide Lossless Audio with ultra-low latency when paired with an Apple Vision Pro." Apple Music has another advantage in Spatial Audio, which is a form of virtual surround sound and creates a more immersive listening experience. Both services have a vast music librarySpotify and Apple Music both have over 100 million songs at the ready. Most people will find everything they need on either service, but some niche artists or genres may be better represented on either of these services. For example, Apple Music has a whole app dedicated to classical music. Playlists and recommendationsMusic streaming services live and die by their recommendation algorithms. Although Spotify started out with a huge advantage in this area, Apple Music has been slowly catching up. At the moment, Spotify's algorithm is still better at recommending music, but Apple Music has lots of excellent human-curated playlists that may appeal more to some people. This is a highly subjective debate that swings one way or another based on the genres you prefer. That's why it's best to give both services a shot and see if the playlists are recommendations work for you. UI and app experienceApple Music's apps are great on Apple platforms, but they're mediocre on other devices. The service has a web player, an Android app, a Windows app, and is available on other platforms too, but its experience remains sub-par on most of those. In my experience, and that of other users, Apple Music can be slow, laggy, and prone to crashing when used outside of Apple's own devices. If you're someone who's locked into the Apple ecosystem, you'll be pleased with Apple Music, but if you're more of a cross-platform person, Spotify is the better option. Unique featuresApple Music and Spotify both also come with unique features that could help you gravitate towards either one. Apple Music Sing lets you view song lyrics in a karaoke-style UI and syncs them with the song that's currently playing. This makes it easy to follow lyrics, especially on a large-screen device such as an Apple TV. The experience is far more robust than Spotify's synced lyrics feature. Apple Music also offers a great accessibility feature—Music Haptics—on your iPhone. It uses the iPhone's Taptic Engine to create haptic vibrations for your songs, ranging from barely discernible to long reverberations, depending on the part of the song that's playing. It enhances the listening experience for everyone and in particular, helps people who face hearing-related challenges. On the other hand, Spotify Connect makes it a lot easier to control music playback on other devices. Spotify also supports collaborative playlists—a feature that's still in beta on Apple Music. For collaboration, Spotify Blend automatically curates a playlist based on your and your friends' tastes and Spotify Jam makes it really easy to create party playlists. Non-music featuresSpotify includes podcasts and audiobooks in its service, which has been a polarizing addition. Some people want their music app to have just that, while others don't mind listening to other forms of audio in Spotify. However, almost everyone is annoyed by the fact that Spotify plays ads in podcasts, even for premium subscribers. The service also offers a few hours of audiobook listening for free, but it charges an additional sum if you want more. Sharing and social mediaAs hard as Apple Music is trying to catch up, Spotify is the service with the better sharing and social media options. Its year-end roundup—Spotify Wrapped—is simple to post to social media, and you also have neat options to share any song to Instagram Stories. Apple Music Replay's sharing options are rather limited, but you can load the roundup in the Music app itself and also view monthly recaps of your top songs. While you can share song lyrics to Instagram via Apple Music, in general, Apple's social media game isn't as good as Spotify's. View the full article

Elon Musk is rapidly consolidating control over large swaths of the federal government with President Donald Trump’s blessing, sidelining career officials, gaining access to sensitive databases and dismantling a leading source of humanitarian assistance. The speed and scope of his work has been nothing short of stunning. In a little more than two weeks since Trump took office, the world’s richest man has created an alternative power structure inside the federal government for the purpose of cutting spending and pushing out employees. None of this is happening with congressional approval, inviting a constitutional clash over the limits of presidential authority. Trump says Musk is doing his bidding Musk has been named as a special government employee, which subjects him to less stringent rules on ethics and financial disclosures than other workers. Trump has given Musk office space in the White House complex where he oversees a team of people at the so-called Department of Government Efficiency. The team has been dispersed throughout federal agencies to gather information and deliver edicts. Some of them were spotted on Monday at the Department of Education, which Trump has vowed to abolish. Republicans defend Musk as simply carrying out Trump’s slash-and-burn campaign promises. Trump made no secret of his desire to put Musk, the billionaire entrepreneur behind the electric automaker Tesla and the rocket company SpaceX, in charge of retooling the federal government. “Elon can’t do and won’t do anything without our approval,” Trump told reporters in the Oval Office on Monday. The Republican president also played downs concerns about Musk’s conflict of interests as he flexes his power over the bureaucracy even though his businesses face regulatory scrutiny and have federal contracts. “Where we think there’s a conflict or there’s a problem, we won’t let him go near it, but he has some very good ideas,” Trump said. Musk persists in spite of Democrats’ outrage Democrats, for their part, accused Musk of leading a coup from within the government by amassing unaccountable and illegal power. “We will do everything in our power in the Senate and the House to stop this outrage,” Sen. Chris Van Hollen of Maryland said. “And in the meantime, since we don’t have many Republican colleagues who want to help us, we are doing everything we can with our colleagues through the courts to make sure that we uphold the rule of law.” The apex of Musk’s work so far came on Monday at the Washington headquarters for the U.S. Agency for International Development, or USAID, where yellow police tape blocked access to the lobby and hundreds of employees were locked out of computer systems. Musk said Trump had agreed to let him shutter the agency. “It’s not an apple with a worm in it, what we have is just a ball of worms,” Musk said of the world’s largest provider of humanitarian, development and security assistance. “You’ve got to basically get rid of the whole thing. It’s beyond repair.” Federal workers are in unchartered territory Musk has also turned his attention to the General Services Administration, or GSA, which manages federal government buildings. An email sent last week from the Washington headquarters instructed regional managers to begin terminating leases on roughly 7,500 federal offices nationwide. The initiative is being led by Nicole Hollander, according to an agency employee who requested anonymity to discuss internal matters. Hollander describes herself on LinkedIn as an employee at X, Musk’s social media platform. “This has gone beyond the pale. This is out of control. This is not a normal situation,” said Keya Chatterjee, executive director of Free DC, a local advocacy organization. She participated in a protest on Monday outside the Office of Personnel Management, which is one of the lesser-known federal agencies key to Musk’s agenda. Musk’s work has unnerved federal employees who are being nudged toward the exits. On Sunday night, concerns swept through the workforce that they could be locked out of internal human resources system, denying them access to their own personnel files that showed pay history, length of service, and qualifications. Supervisors in some agencies encouraged employees to download their records, called an SF-50, to personal computers so that they could prove their employment history in the event of disputes. Musk’s penchant for dabbling Musk has been tinkering with things his entire life, learning to code as a child in South Africa and becoming rich with the online payment company PayPal. He bought the social media platform Twitter a little more than two years ago, renamed it X and slashed its workforce while turning it into his personal political megaphone. Now Musk is popping open the hood on the federal government like it’s one of his cars or rockets. “The Silicon Valley playbook to disrupt the status quo—by disregarding and disobeying rules that you don’t like—is in full effect here,” said Rob Lalka, an expert on entrepreneurship and innovation in business at Tulane University. One of the most significant steps was gaining access to the U.S. Treasury payment system, which is responsible for 1 billion payments per year totaling $5 trillion. It includes sensitive information involving bank accounts and Social Security payments. “No one outside of the staff doing the work ever asked to have access to the payment files,” said Richard Gregg, who spent four decades working for Treasury and oversaw the payment system as fiscal assistant secretary. It’s unclear what Musk wants to do with the payment system. He’s claimed that he could trim $1 trillion from the federal deficit “just by addressing waste, fraud and abuse.” “That’s the biggest data hack ever in the world,” Sen. Tammy Baldwin, a Wisconsin Democrat, told reporters in Madison. “I am outraged about it.” Senate Minority Leader Chuck Schumer, a Democrat from New York, said Treasury Secretary Scott Bessent must revoke Musk’s access to the payment system. “We must halt this unlawful and dangerous power grab,” he said on Capitol Hill. A group representing retirees and union workers sued Bessent and the Treasury Department on Monday to get them to stop sharing personal and financial information with DOGE. Trump rewards Musk’s fealty Musk’s role is partially a reward for his work on behalf of Trump during the campaign. He spent roughly $250 million supporting Trump through America PAC, which included door-to-door canvassing and digital advertising. Although the PAC has not announced its next plans, Musk has suggested that he could endorse primary challenges to Republican lawmakers who defy Trump’s agenda. “The more I’ve gotten to know President Trump, the more I like him,” Musk said in a conversation streamed live on X. “Frankly, I love the guy. He’s great.” Musk also described his work overhauling the federal government in existential terms, making it clear that he would push as hard and as far as he could. “If it’s not possible now, it will never be possible. This is our shot,” he said. “This is the best hand of cards we’re ever going to have. If we don’t take advantage of this best hand of cards, it’s never going to happen.” Associated Press writers Farnoush Amiri, Scott Bauer, Tom Beaumont, Rick Gentilo, Joshua Goodman, Lisa Mascaro, Zeke Miller, Sarah Parvini and Byron Tau contributed reporting. —Chris Megerian, Associated Press View the full article

The discount retailer that plans to take over and operate hundreds of Big Lots stores is closer to deciding which locations it will save. Some 200 Big Lots leases have been designated to be transferred to Variety Wholesalers, the North Carolina-based owner of Roses and other discount chains, new court documents show. In a bankruptcy filing dated Monday, Big Lots said it will transfer the locations as part of its agreement with Gordon Brothers, the restructuring and investment firm that took control of the embattled retailer earlier this month. The list includes Big Lots locations across at least a dozen states, mostly in the South and Midwest regions. It’s unclear what Variety’s plans for the locations fully entail or if the stores will remain open continuously throughout the process. Concerned parties have until February 18 to object to the transfer of the leases. A spokesperson for Gordon Brothers confirmed with Fast Company that Variety intends to operate the leases as Big Lots stores, but said the list was not final and new locations could be added. Fast Company has also reached out to Variety Wholesalers. Variety had originally said it would take over between 200 to 400 Big Lots stores in an 11th-hour deal announced late last year that purportedly rescued the bankrupt brand from complete oblivion. Although Big Lots said the plan would potentially save thousands of jobs, workers have mostly been in the dark about which of the retailer’s more than 800 locations would be closing for good. The new list is likely to provide a modicum of closure for some employees who have been working under a lot of uncertainty for many weeks. The parties have asked a court to give them until April 7 to make the final determination. Gordon Brothers has since listed hundreds of Big Lots leases for sale to retailers that want to take over the spaces. This story is developing… View the full article

The discount retailer that plans to take over and operate hundreds of Big Lots stores is closer to deciding which locations it will save. Some 200 Big Lots leases have been designated to be transferred to Variety Wholesalers, the North Carolina-based owner of Roses and other discount chains, new court documents show. In a bankruptcy filing dated Monday, Big Lots said it will transfer the locations as part of its agreement with Gordon Brothers, the restructuring and investment firm that took control of the embattled retailer earlier this year. The list includes Big Lots locations across more than a dozen states, mostly in the South and Midwest regions. It’s unclear what Variety’s plans for the locations fully entail or if the stores will remain open continuously throughout the process. Concerned parties have until February 18 to object to the transfer of the leases. A spokesperson for Gordon Brothers confirmed with Fast Company that Variety intends to operate the leases as Big Lots stores, but said the list was not final and new locations could be added. Fast Company has also reached out to Variety Wholesalers. Variety had originally said it would take over between 200 to 400 Big Lots stores in an 11th-hour deal announced late last year that purportedly rescued the bankrupt brand from complete oblivion. Although Big Lots said the plan would potentially save thousands of jobs, workers have mostly been in the dark about which of the retailer’s more than 800 locations would be closing for good. The new list is likely to provide a modicum of closure for some employees who have been working under a lot of uncertainty for many weeks. States with Big Lots leases included on the list are Alabama, Florida, Georgia, Ohio, Michigan, Mississippi, Indiana, Kentucky, Pennsylvania, Louisiana, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. The parties have asked a court to give them until April 7 to make the final determination. Gordon Brothers has since listed hundreds of Big Lots leases for sale to retailers that want to take over the spaces. Here’s the full list of locations: Alabama 1619 TOWN SQ SW CULLMAN, AL 5363 HWY 90 W STE C MOBILE, AL 603 US HWY 72 W ATHENS, AL 1820 6TH AVE SE DECATUR, AL 1100 HWY 78 W JASPER, AL 5510 MCFARLAND BLVD NORTHPORT, AL Florida 3401 13TH ST STE 100 SAINT CLOUD, FL 146 SE US HIGHWAY 19 CRYSTAL RIVER, FL 4901 PALM BEACH BLVD STE 230 FORT MYERS, FL 13970 N CLEVELAND AVE NORTH FORT MYERS, FL 843 W BLOOMINGDALE AVE BRANDON, FL 122 S NOVA RD ORMOND BEACH, FL 9119 MERRILL RD STE 50 JACKSONVILLE, FL 3048 E COLLEGE AVE RUSKIN, FL 6247 HIGHWAY 90 MILTON, FL 2384 COMMERCIAL WAY SPRING HILL, FL 4700 HIGHWAY 90 MARIANNA, FL 225 S TYNDALL PKWY CALLAWAY, FL Georgia 127 COMMERCE AVE LAGRANGE, GA 110 E NORTHSIDE DR VALDOSTA, GA 2305 E 1ST ST VIDALIA, GA 3791 S COBB DR SE STE G SMYRNA, GA 3111 HIGHWAY 278 NW COVINGTON, GA 1803 KNIGHT AVE STE A2 WAYCROSS, GA 260 MERCHANTS SQUARE DALLAS, GA 13 LESTER RD STE C STATESBORO, GA 323 HABERSHAM VILLAGE CIR CORNELIA, GA 4420 ALTAMA AVE STE C2 BRUNSWICK, GA 2932 CANTON RD STE 210 MARIETTA, GA 4125 HIGHWAY 20, STE A-2 BUFORD, GA 558 BATTLEFIELD PKWY FORT OGLETHORPE, GA Ohio 2837 WINCHESTER PIKE COLUMBUS, OH 498 CADIZ RD WINTERSVILLE, OH 9025 OHIO RIVER RD WHEELERSBURG, OH 1965 W STATE ST ALLIANCE, OH 3961 HOOVER RD GROVE CITY, OH 3946 W ALEXIS RD TOLEDO, OH 408 BLUEBELL DR NW NEW PHILADELPHIA, OH 12588 ROCKSIDE RD CLEVELAND, OH 7100 SOUTH AVE YOUNGSTOWN, OH 400 SILVER BRIDGE PLZ GALLIPOLIS, OH 1336 WHIPPLE AVE NW CANTON, OH 4331 MAHONING AVE NW WARREN, OH 8489 MARKET ST MENTOR, OH 1890 W MARKET ST suite #500 AKRON, OH 405 HOWE AVE. CUYAHOGA FALLS, OH 426 EAST WATERLOO RD AKRON, OH 6300 E LIVINGSTON AVE REYNOLDSBURG, OH 1800 E STATE ST FREMONT, OH 3640 WERK RD. CINCINNATI, OH 56104 NATIONAL RD BRIDGEPORT, OH 367 COUNTY RD 406 STE B SOUTH POINT, OH 825 CLEVELAND ST, ELYRIA, OH 10560 HARRISON AVE HARRISON, OH 110 S 7TH ST MARIETTA, OH 2050 E DOROTHY LN KETTERING, OH 1700 E MAIN ST LANCASTER, OH 241 W WOOSTER RD BARBERTON, OH Michigan 659 24TH ST PORT HURON, MI 5112 MILLER RD FLINT, MI 7651 23 MILE RD SHELBY TOWNSHIP, MI 14333 EUREKA RD SOUTHGATE, MI 4157 E. COURT STREET BURTON, MI Mississippi 5778 HWY 80 E PEARL, MS 2605 W MAIN ST TUPELO, MS Indiana 195 S US HWY 231 JASPER, IN Kentucky 200 SYCAMORE ST STE 151 ELIZABETHTOWN, KY 472 EASTERN BYP RICHMOND, KY 86 APPALACHIAN PLZ SOUTH WILLIAMSON, KY 294 VILLAGE LN HAZARD, KY 1714 PERRYVILLE RD STE 400 DANVILLE, KY 1342 INDIAN MOUND DR MOUNT STERLING, KY 845 S MAIN ST LONDON, KY 400 CAMPBELLSVILLE BYP CAMPBELLSVILLE, KY 102 N 12TH ST MIDDLESBORO, KY Louisiana 755 VETERANS MEMORIAL BLVD METAIRIE, LA Pennsylvania 2611 ELLWOOD RD NEW CASTLE, PA 11628 PENN HILLS DR PITTSBURGH, PA 697 ALLEGHENY BLVD FRANKLIN, PA 1425 SCALP AVE STE 130 JOHNSTOWN, PA 750 OHIO RIVER BLVD ROCHESTER, PA 3437 SIMPSON FERRY RD CAMP HILL, PA 2444 PHILADELPHIA ST INDIANA, PA 467 W PENN AVE CLEONA, PA 820 WATER ST MEADVILLE, PA 2140 WHITE ST YORK, PA 2431 COLUMBIA BLVD BLOOMSBURG, PA 1010 ONEILL HWY DUNMORE, PA 1241 BLAKESLEE BOULEVARD DR E LEHIGHTON, PA 6041 STATE ROUTE 30 STE 20 GREENSBURG, PA 7405 WESTBRANCH HWY LEWISBURG, PA 1150 CARLISLE ST HANOVER, PA 156 EAGLES GLEN, PLZ STE 190 EAST STROUDSBURG, PA 5522 SHAFFER RD UNIT 7 DU BOIS, PA 500 LINCOLN HWY STE 4 FAIRLESS HILLS, PA 4717 MCKNIGHT RD PITTSBURGH, PA 866 SCRANTON CARBONDALE HWY EYNON, PA 389 N. READING RD. EPHRATA, PA North Carolina 1504 N BRIDGE ST ELKIN, NC 1811 S CHURCH ST BURLINGTON, NC 1328 CARTER ST, MOUNT AIRY, NC 4600 MAIN ST STE 1 SHALLOTTE, NC 526c US HIGHWAY 70 SW HICKORY, NC 100 WESTWOOD VILLAGE DR CLEMMONS, NC 838 WINSTON RD LEXINGTON, NC 1403 S POLLOCK ST SELMA, NC 2725 NORTHWEST BLVD NEWTON, NC 520 BERNE SQ NEW BERN, NC 1110 JULIAN R ALLSBROOK HWY ROANOKE RAPIDS, NC 3915 RAMSEY STREET FAYETTEVILLE, NC 376 WEST PLAZA DRIVE MOORESVILLE, NC 273 FRANKLIN PLAZA DR FRANKLIN, NC 1664 S MAIN ST STE B LAURINBURG, NC 280 CONCORD PKWY N CONCORD, NC 1176 RUSS AVE WAYNESVILLE, NC 1020 CROSSROADS DR STATESVILLE, NC 2531 EASTCHESTER DR HIGH POINT, NC 1432 E DIXIE DR ASHEBORO, NC 3718 BATTLEGROUND AVE GREENSBORO, NC 955 N WESLEYAN BLVD ROCKY MOUNT, NC 720 NC 24 27 BYP E ALBEMARLE, NC 609 GREENVILLE BLVD SE GREENVILLE, NC 685 S HUGHES BLVD ELIZABETH CITY, NC 1639 US HIGHWAY 74A BYP SPINDALE, NC 1371 N SANDHILLS BLVD ABERDEEN, NC 950 S CANNON BLVD STE A KANNAPOLIS, NC 2950 S. HORNER BLVD. SANFORD, NC 1700 RALEIGH RD PKWY W STE 104 WILSON, NC 1450 ANDREWS RD MURPHY, NC 2900 ARENDELL ST STE 19 MOREHEAD CITY, NC 630 LAKESTONE COMMONS AVE FUQUAY VARINA, NC 601 PARK ST BELMONT, NC 1110 WESTERN BLVD JACKSONVILLE, NC 1826 W US HWY 421 STE K WILKESBORO, NC 711 E. INNES ST. SALISBURY, NC 130 WEAVER BLVD WEAVERVILLE, NC 403 N GENERALS BLVD LINCOLNTON, NC 1677 WESTCHESTER DR HIGH POINT, NC 1251 BURKEMONT AVE MORGANTON, NC 2750C N ROBERTS AVE LUMBERTON, NC 12295 CAPITAL BLVD WAKE FOREST, NC 1728 E DIXON BLVD SHELBY, NC 4956 LONG BEACH RD SE, STE 8 SOUTHPORT, NC 1063 YADKINVILLE RD MOCKSVILLE, NC South Carolina 207 OCONEE SQUARE DR SENECA, SC 1000 N PINE ST SPARTANBURG, SC 1023A S PENDLETON ST EASLEY, SC 1370 S KINGS HWY MYRTLE BEACH, SC 339 BYPASS 72 NW GREENWOOD, SC 9221 TWO NOTCH RD STE 30 COLUMBIA, SC 710 HWY 17 S STE D NORTH MYRTLE BEACH, SC 1206 HIGHWAY 9 BYPASS W LANCASTER, SC 1641 CHURCH ST CONWAY, SC 3230 AUGUSTA RD WEST COLUMBIA, SC 2349 CHERRY RD STE 79 ROCK HILL, SC 431 SAINT JAMES AVE UNIT G GOOSE CREEK, SC 6169 ST. ANDREWS RD. COLUMBIA, SC 915 S ST STE A SIMPSONVILLE, SC 10150 DORCHESTER RD UNIT 227 SUMMERVILLE, SC 328 ROBERT SMALLS PKWY BEAUFORT, SC Tennessee 3110 E OAKLAND AVE JOHNSON CITY, TN 420 PARK BLVD ROGERSVILLE, TN 1301 S JAMES CAMPBELL BLVD COLUMBIA, TN 1041 S RIVERSIDE DR CLARKSVILLE, TN 840 25TH ST NW CLEVELAND, TN 4825 N BROADWAY ST KNOXVILLE, TN 2342 E ANDREW JOHNSON HWY MORRISTOWN, TN 220 DICKSON PLAZA DR DICKSON, TN 1475 E ANDREW JOHNSON HWY GREENEVILLE, TN 744 NASHVILLE PIKE GALLATIN, TN 201 FORKS OF THE RIVER PARKWAY SEVIERVILLE, TN 1262 NW BROAD ST MURFREESBORO, TN 1806 N JACKSON ST TULLAHOMA, TN Virginia 1090 MILLWOOD PIKE WINCHESTER, VA 1090 BYPASS RD VINTON, VA 4300 PORTSMOUTH BLVD CHESAPEAKE, VA 5260 OAKLAWN BLVD NORTH PRINCE GEORGE, VA 180 KENTS RIDGE RD RICHLANDS, VA 1851 E LITTLE CREEK RD NORFOLK, VA 2646 GREENSBORO RD MARTINSVILLE, VA 1971 S MILITARY HWY CHESAPEAKE, VA 4318 GEORGE WASHINGTON MEM HWY YORKTOWN, VA 2911 HERSHBERGER RD NW ROANOKE, VA 2660 WEIR PLACE CHESTER, VA 2715 W MAIN ST WAYNESBORO, VA 6610 MOORETOWN RD WILLIAMSBURG, VA 10001 HULL STREET RD NORTH CHESTERFIELD, VA 2318 W MERCURY BLVD HAMPTON, VA 260 REMOUNT RD FRONT ROYAL, VA 10611 COURTHOUSE RD FREDERICKSBURG, VA West Virginia 1350 STAFFORD DR PRINCETON, WV 104 THOMPSON DR BRIDGEPORT, WV 110 EAGLE SCHOOL RD MARTINSBURG, WV 710 BEVERLY PIKE ELKINS, WV 291 MALL RD OAK HILL, WV 4522 ROBERT C BYRD DR BECKLEY, WV 118 HILLS PLZ CHARLESTON, WV This story is developing… View the full article

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Not long ago, much of the business world still ran on Rolodexes, fax machines and file cabinets. Today, most of those once indispensable tools have been rendered obsolete and replaced by modern technology that has redefined the way we work. This integration of technology into all facets of business operations is widely known as Digital Transformation (DX), and it’s happening across nearly every industry today. In fact, 74% of organizations now consider DX initiatives a top priority, with global spending projected to hit $3.9 trillion by 2027. While modern tech solutions offer significant benefits, the race to keep up with emerging trends can overwhelm decision-makers and lead to costly mistakes. But technology doesn’t have to be daunting. By asking the right questions of your team and vendors, you can identify, vet, and implement solutions that deliver real ROI for your business and customers. The following framework will guide you in developing a strategy to cut through the noise, mitigate risk, and empower your team to make technology investments that set you up for long-term success. So, whether you’re just starting, stuck in neutral, or somewhere in between, read on. The Wrong Solution Can Create New Problems This may sound elementary, but it’s critical to understand your problem before investing in a solution. For example, AI can drive efficiency by automating manual work, but it’s useless unless you know where to deploy it. So, audit how your team spends its time. Data is helpful here, but frontline team members can also provide invaluable anecdotal feedback on productivity bottlenecks that automation could solve. Plus, engaging your team early on builds the buy-in necessary for smooth implementation later. That audit might also reveal multiple issues, but that doesn’t mean you can or should try to solve them all at once. Instead, create a road map to help prioritize the most pressing challenges and then systematically work through others as time and resources allow. Once you’ve determined a problem, define the specific outcome you aim to achieve by implementing technology—like increasing role efficiency by 25 percent or decreasing cost per order by $1. Precision is key here, as vague objectives can lead to misguided investments in tools that fail to deliver results. Research Possible Solutions Now, you can start solutioning. Begin by reviewing potential vendor solutions and understanding their commonalities versus differentiation or even how industries outside your own address similar objectives. Though you work in fintech, you might be surprised by what you can learn about predictive analytics by studying how logistics service providers use data to lower shipping costs and improve efficiency or looking at how retail brands leverage AI to create hyper-personalized customer experiences. Keeping an open mind will always pay off. Make Data-Driven Decisions Next, conduct comprehensive due diligence on each potential solution. Go beyond the marketing materials—understand how the features apply to your specific problem, weigh costs against expected ROI, clarify what implementation support you’ll receive and consult team members who will use the tool. Arming yourself with all relevant data will help mitigate risk and drive buy-in across your organization. Product fit is just one part of the equation when investing in third-party technology. These solutions often address long-term opportunities, meaning you might work with a service provider for several years or more. If you sense any misalignment between your team and the service provider, trust your instincts and continue your search. Buying Versus Building You’ll also need to decide whether to buy off-the-shelf technology or develop a custom solution in-house. Enterprise-level organizations with extensive technology teams may have the resources to build in-house, while SMBs often find ready-made tools perfectly suitable and far more cost-effective. Regardless, factor in the total cost of these options, including employee onboarding, systems integration and tech support, as these expenses can add up quickly. Whether buying or building, most technology isn’t plug-and-play at scale. That’s why a detailed implementation and change management plan is essential. While making time for thorough employee training and troubleshooting may seem tedious, these steps are critical for achieving alignment and maximizing the solution’s impact, so don’t skip it. Continually Measure Success Once the initial implementation is complete, measure success against your goals. Ramp-up may take time, but if the solution doesn’t deliver results within six months, collaborate with your team and the service provider to identify issues and adjust course as needed. Tracking progress also helps maintain stakeholder support—providing updates on outcomes and celebrating milestones can keep the team engaged and help secure resources for further investment. Lastly, as your business evolves, don’t let this step slip by or stagnate your approach. Regularly revisiting and refining your review process as your needs change will ensure that a solution continues to deliver ongoing value over the long term or make clear when it’s time for something new. Investing in technology isn’t just about acquiring tools—it’s about solving problems that empower your team and deliver long-term results. If you’re new to this world, be patient with yourself and your team as you navigate the learning curve together. Mistakes are inevitable, but taking time to align solutions with clear objectives, evaluate vendors carefully and implement effectively will help mitigate potential risks and drive meaningful results for your team and business. View the full article

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If you are someone with a green thumb and don’t mind getting your hands dirty, then commercial flower farming might be your special calling. Starting a flower farm is a great way to make money and provide beautiful blooms for your customers. It’s also an exciting venture that can be both rewarding and challenging. So, whether you’re just starting or have been flower farming for years, there are tips and tricks to help you maximize your output while keeping costs low. In this article, we will examine the best practices for flower farming, covering everything from selecting the appropriate plants to harvesting them at their optimal times. By implementing these strategies, you can transform your passion into a thriving business in no time! Flower Farming for Cut Flowers Flower farming is growing in popularity and can be very rewarding. People make money by growing cut flowers and selling them at farmers’ markets or to venues, flower stalls, and restaurants. You can also start small, which is financially stable for most cut flower farming. That means you can start with a small garden in your or your neighbor’s yard if they let you. You can also begin with just a few buckets of flowers. Once you get the hang of it, you can expand your cut flower garden and make more money. Simple Steps to Flower Farming Whether you’re a beginner flower farmer or looking to expand your business, there are certain steps you need to take to be successful. From choosing flower varieties to marketing your bouquets, here are simple steps you need to take to start and successfully run a flower farm: Benchmark Other Flower Farmers in the Area It is important to research flower growers in the area before you start a flower farm. This will help you understand better what flowers are most profitable, what growing seasons are best to plant in, what issues they run into and what methods other farmers use. It is also helpful to talk to other growers at the farmer’s market. Many of them will be glad to help you with growing tips and may even give you more agricultural business ideas. Plan Your Flower Business In this step, you are planning out the business aspects of your flower farm. From naming and branding to marketing your business to opening a business banking account, this is where you plan the groundwork that will ensure your flower business’s success. Create an action tracker – This will help you keep track of the tasks and goals you need to complete while starting and running your flower farm. Name and brand your flower business – This will help you create a more recognizable identity for your business. Develop a flower farming business plan – A business plan is essential for getting business loans and grants. Even acquiring a business partner or angel investor is easier with a good business plan. A solid business plan should, at the very least, contain: A summary of your business An overview of the market and industry Sales and marketing plans Financial projections Form a legal entity and register your business – This will help you protect your business and personal assets. Create a budget – This will help you manage your finances and better understand the costs of running a flower farm. Set up a business banking account – A business bank account is important for tracking and keeping separate the income, expenses, and other financials related to your business. Market and promote your flower business – You’ll need to figure out the best ways to reach potential customers and increase visibility for your business – such as by creating a website and engaging in social media. Sort out taxes and insurance – This will help you make sure your business complies with local, state, and federal laws. Choose the Type of Flower Farm You Want to Create Before you decide on specific flower varieties, you need to decide what type of farm you want to create. Are you looking to grow cut flowers for bouquets, or are you looking more toward potted plants? Do you want to specialize in one type of flower or grow a variety of flowers? Answering these questions will help you determine the types of flowers you want to start with. Set Aside Your Growing Area Once you have determined the type of flower farming operation you wish to establish, the next step is to designate a specific structure or area for your flowers. There are several options for this, including renting land or greenhouses, as well as cultivating and caring for fields and gardens in your own backyard. Begin Crop Planning Develop a crop plan for the year. This will help you determine what flowers to grow, when to plant them, and what supplies you need. You should also take into consideration things like weather patterns in your area, pest infestations, and soil conditions as well. Be sure to research any pests that are common in your area so that you can treat them accordingly. Buy Your Starting Seeds One of the best ways to ensure you have the tall varieties of flowers you need for cut flower bouquets is to buy and grow your own seeds. As far as bought seeds go, many nurseries don’t carry these types of flowers. So, if you want to create beautiful floral arrangements, you’ll need to take matters into your own hands and grow them from scratch. You can buy seeds from places like your local feed & seed store or highly-rated online bulk seed companies. Nurture and Grow Your Starter Flowers When starting your farm for your flowers, it is important to have the appropriate tools and equipment needed to successfully nurture and grow flowers. A heat mat, seed trays, grow lights, and quality seed starting mix are all essential items for any budding flower farmer. The heat mat will help keep the soil temperature at the optimal level for germination, while the grow lights will help stimulate and encourage more vigorous growth. Purchase any Supporting Structures and Materials Depending on the type of farm you’re running, you may need to purchase certain pieces of equipment. For example, if you’re growing potted plants, you’ll need some form of irrigation system to keep them hydrated. If you’re growing cut flowers for bouquets, you may need a greenhouse or cold frame and some cutting tools. You can purchase landscape fabric and other materials to create the environment you need for your plants. Also, if you are growing roses, which can be very profitable, you need to have excellent marketing facilities. Buy Farming Tools and Equipment If you’re looking to minimize your investment, starting small is an excellent option for new flower farmers. In this case, hand tools such as tillers, plows, and trowels are a fantastic initial investment. However, farming can be backbreaking work. If you plan on expanding your operation, it may be necessary to invest in larger equipment like electric tillers, tractors, and seed drills. You can also purchase a mule, wheelbarrow, and other items that will help make your job easier. Till the Growing Area After you have chosen your growing area, tilling the soil will help create a healthy and productive environment for your flowers. This process helps remove roots and weeds while breaking up large chunks of dirt and removing rocks. This way, air, water, and nutrients can better penetrate and enrich the soil. To till the soil, use either the double-dig gardening method or a hand-held or motorized rototiller to dig into the dirt. Make Any Soil Amendments Needed If you are planting in soil that is unsuitable for your chosen flowers, you may need to incorporate amendments like compost or mulch. This will help provide your flowers with the essential nutrients required for healthy and robust growth. Harden Your Plants There are some seeds you can plant directly in the soil – others you have to grow inside and transplant. Before transplanting your seedlings, be sure to harden them off. This process helps the plants become acclimated to outdoor conditions so they are better prepared for life in their new home. To do this, start by keeping the plants outside for a few hours during the day and then bring them back inside at night for a week or two. This process will help the plants adjust and grow stronger, resulting in better yields. Plant the Flowers and Take Care of Them Direct sow your seeds or plant the starter flowers in the soil in the area you have chosen and take care of them. Bear in mind that all flowers typically have different requirements when it comes to soil, water, and sun exposure. Consider special notes on your seed packages or in books. They give you helpful tips like the correct planting distances between plants, what plants grow well together, and when to plant your flowers (spring, late spring, fall /etc.). Additionally, fertilize regularly, water consistently, and remove any weeds that sprout around them. Pay careful attention to how your flowers are growing so that you can make adjustments as needed. Harvest the Flowers Once the flowers are ready, it’s time to harvest them. Harvesting and handling cut flowers is a process. Some general guidelines to follow: Before Harvesting Flowers: Flowers and other plants should appear healthy and turgid. Use white plastic buckets to hold your harvested plants. Plastic storage buckets and cutting tools such as knives or shears should be cleaned and sanitized inside before use. See the University of Massachusetts Amherst’s directions for cleaning and sanitizing here. Don’t stack buckets within each other if the inside is not as clean as the outside. Make sure all cutting tools are sharp. If you cut with dull tools, they will crush the stems and decrease their water intake. All plastic buckets used to harvest plants should contain clean water. Some floriculturists add biocide to the water To find out how to mix biocide and reference vendors that sell it, see “The Care and Handling of Cut Flowers” in the Further Reading for Successful Flower Farming section. During Harvesting: Harvest spike-type flowers when 1/4 to 1/2 of their individual florets open. Harvest daisy-type flowers when they are opened fully. To see a list of some commonly grown cut flowers and their development stages, see the fact sheet in “The Care and Handling of Cut Flowers” in the Further Reading for Successful Flower Farming section. Harvest in the cooler morning and evening hours. Remove any foliage on plant stems that will be underwater. Angle the cut flower stems to prevent them from resting flat on the bottom of the bucket, which will enhance water absorption. Don’t lay flowers on a dirty surface or the ground. Frequently disinfect your cutting tools – at least 2X each day. Grade and bunch plants and flowers immediately after you harvest. Bring flowers into the shade. Place them in plastic buckets of clean, acidified warm water and a biocide. Avoid overfilling containers with plants and flowers. Sell the Fresh Flowers Now that your flowers are harvested, you can enjoy the fruits of your labor and sell them! You can create beautiful bouquets to market and sell to local florists or even directly at a farmers’ market. By growing hardy annuals and other bouquet and vase-ready flowers, you have created a sustainable source of income for yourself and provided high-quality, freshly cut flowers for others. Save Some Seeds for Next Time Once you have finished harvesting your flowers, it’s a good idea to save some of the seeds for next season. This will help cut down on the cost of buying new plants and give you a head start in getting ready for planting season. You can store the seeds in a cool, dry place until springtime rolls around again. Expand or Diversify Your Business Once you have established yourself in the industry, it’s time to start thinking about diversifying your “flower portfolio.” You can start growing other varieties of flowers to offer your customers a larger selection or even venture into new realms altogether, such as creating wreaths and centerpieces or making rosewater out of leftover roses. With the right knowledge and ambition, you can turn your small-scale flower business into something much bigger! You can also teach flower farming classes to all the budding floriculturists out there. Here’s a summary table that brings all the steps together for easy reference: StepDescription Benchmark Local Flower Farmers- Understand profitable flowers and seasons. - Gain insights from local growers and farmers' markets. Plan Your Flower Business- Branding & naming. - Develop a business plan. - Legal registration, budgeting, banking, marketing, taxes, and insurance. Choose Your Flower Farm Type- Decide between cut flowers for bouquets or potted plants. - Specialize or diversify flower types. Set Aside Your Growing Area- Rent or allocate space for growing. Begin Crop Planning- Yearly crop plans. - Consider weather, pests, and soil conditions. Nurture Your Starter Flowers- Essential tools: heat mat, seed trays, grow lights, and seed starting mix. Purchase Supporting Structures- Depending on farm type: irrigation systems, greenhouse, or cold frame. Buy Farming Tools and Equipment- Basic tools: tillers, plows, and trowels. - Larger equipment if expanding. Till the Growing Area- Use rototiller or double-dig gardening to prepare the soil. Make Soil Amendments- Add compost or mulch for nutrient enrichment. Harden Your Plants- Acclimate plants to outdoor conditions for transplantation. Plant and Care for Flowers- Consider individual flower requirements. - Regularly fertilize and water. Harvest the Flowers- Harvest during cooler hours. - Use guidelines for flower types and stages. - Store harvested flowers appropriately. Sell the Fresh Flowers- Market bouquets to florists or at farmers' markets. Save Seeds for Next Time- Store seeds in a cool, dry place for the next planting season. Expand or Diversify- Grow other flower varieties or venture into related businesses. - Offer classes or workshops. Sustainable Flower Farming Practices Adopting Eco-Friendly Methods: In today’s environmentally conscious market, adopting sustainable practices can set your flower farm apart. Techniques such as composting, using organic pest control methods, and implementing water conservation strategies not only benefit the environment but can also attract customers looking for eco-friendly products. Explore options like rainwater harvesting and drip irrigation to minimize water usage and consider integrating beneficial insects for natural pest management. Renewable Energy Sources: Consider the use of renewable energy sources, such as solar panels, to power greenhouses or irrigation systems. This not only reduces your carbon footprint but may also lower operational costs in the long run. Additionally, promoting your use of renewable energy can enhance your brand’s appeal to environmentally conscious consumers. Diversifying Your Flower Farm Offerings Expanding Product Lines: In addition to selling cut flowers, there are many opportunities to diversify your product offerings and boost your revenue. Think about creating and selling value-added products like dried flower arrangements, natural potpourri, or floral-infused oils and candles. Hosting workshops on flower arranging or sustainable gardening can also draw a larger audience to your farm. Agrotourism Opportunities: Transform your flower farm into a destination for agrotourism. Hosting events like “pick-your-own” days, farm tours, or floral workshops can provide additional income and market your products directly to consumers. This not only generates revenue but also builds a loyal customer base that is engaged with your farming practices and product offerings. How Profitable is Flower Farming? The flower farming business is a lucrative one, as these specialty crops are one of the best cash crops you can grow. The flower experts at The Gardner’s Workshop say that farmers across the United States are reporting sales of $25K to $30K an acre on average. How much you are going to make is going to depend wholly on the region, the type of market you are selling into, and your skill at flower farming. What is a Flower Farmer Called? A flower farmer is generally referred to as a floriculturist. A floriculturist is someone who specializes in growing, harvesting, and marketing flowers. From selecting the right soil for planting to pruning for optimal growth and design, a floriculturist has many skills that are beneficial to running a successful flower farm. The Most Profitable Flowers to Grow The most profitable flowers to grow will be popular blooms for flower bouquets, flower crowns, and flower arrangements. Warm-season annuals are the easiest for beginning floriculturists to work with. You can sell them through the season, and they have a very broad appeal. The three best warm-season annuals you can try your hand at for the first time are celosia, sunflowers, and zinnias. In fact, many floriculturists only do sunflower farming since they are so popular and easy to grow. Other profitable flower varieties and plants to use for bouquets and bouquet fillers include: Ageratum: Thrives in full sun with well-drained soil, keep moist but not waterlogged. Scabiosa: Prefers full sun and well-draining soil; deadhead to promote continuous blooming. Larkspur: Requires full sun and rich, well-drained soil; benefits from staking in windy areas. Lavender: Loves full sun and dry, sandy soil; ensure good air circulation to prevent root rot. Eucalyptus: Grows best in full sun and well-drained soil; drought-tolerant once established. Carnations: Needs full sun and fertile, well-drained soil; pinch back to encourage bushier growth. Lilies: Thrive in full sun to partial shade with rich, well-drained soil; mulch to keep roots cool. Yarrow: Prefers full sun and well-drained soil; drought-tolerant and resistant to pests. Gladiolus: Loves full sun and sandy loam soil; plant corms in succession for continuous blooms. Snapdragon: Requires full sun to partial shade and rich, well-draining soil; pinch for business. Queen Anne’s lace: Grows best in full sun and well-drained soil; self-seeds prolifically. Holly: Prefers full sun to partial shade and well-drained slightly acidic soil. Lily of the Valley: Thrives in partial to full shade with moist, well-drained soil; spreads quickly. Dill: Needs full sun and rich, loose soil; water regularly and protect from strong winds. Tulips: Prefer full sun and well-draining soil; plant bulbs in fall for spring blooms. Baby’s breath: Loves full sun and well-drained alkaline soil; drought-tolerant once established. Roses: Require full sun and fertile, well-drained soil; regular pruning promotes healthy growth. Peonies: Thrive in full sun and well-drained soil; require cold winter period to bloom. Verbena bonariensis: Prefers full sun and well-drained soil; tolerates drought and poor soils. Heather: Grows best in full sun and acidic, well-drained soil; water regularly during dry spells. Ivy: Thrives in partial to full shade and moist, well-drained soil; great for ground cover. Stephanotis: Prefers bright, indirect light and well-drained soil; keep humid for best growth. Ammi/Daucus: Needs full sun and well-drained soil; resembles Queen Anne’s lace but taller. Strawflower: Loves full sun and well-drained soil; drought-resistant once established. Sweet pea: Requires full sun to partial shade and rich, moist soil; provides support for climbing. Cinnamon basil: Prefers full sun and rich, well-drained soil; water regularly for best flavor. Black-eyed Susans: Thrive in full sun and well-drained soil; drought-tolerant and self-seeding. Dahlias: Need full sun and rich, well-drained soil; stake tall varieties to support blooms. Bachelor’s buttons: Prefer full sun and well-drained soil; drought-tolerant once established. What to Grow for a Mixed Bouquet One of the most confusing things for a first-year flower farmer is planting for flower bouquets. When flower farming for a mixed bouquet, you want to choose flower varieties that will work together. Choose colors and flower types that not only look appealing but will also stand up well in a flower bouquet. Focal Flowers These flowers really stand out in a flower bouquet and draw your eyes to them. Focals should be unique, bold, and eye-catching. Zinnias are an example of a focal flower, and their vintage-like appearance makes them highly sought after. They come in a wide variety of colors and shapes and are considered workhorse flowers since the more you cut, the more they produce. Accent Flowers Accent flowers are smaller flower blooms that help fill out and support the flower bouquet. They should be bright, cheerful, and less expensive than focals. Examples of accent flowers are alstroemeria, lisianthus, and statice. These flowers can help add texture and color to the bouquet without breaking the budget. Hardy Annuals Hardy annuals tolerate a wide range of temperatures, humidity levels, and soil conditions. What’s more? They bring long-lasting color and texture to your flower bouquet and are a great option for the beginning flower farmer. The fast-growing black-eyed Susan is an example of a hardy annual. Susans radiate happiness and are especially suited for barn wedding bouquets. Daisies, sunflowers, and coneflowers can also be included in this group. Soft Annuals and Perennials Soft annuals and perennials are considered to be more delicate than hardy annuals and are often short-lived. Perennials come back year after year, creating the possibility of a continuous supply of flowers for your business. These flowers require more attention and care but can thrive in the right environment. Examples of soft annuals and perennials are cosmos, dahlia,s and snapdragons. Foliage Plants Foliage plants are essential for any flower bouquet and provide structure and texture to your arrangement. Ferns, eucalyptus, and ivy are great choices for foliage. These plants will add color, texture, and interest to your flower bouquet and won’t wilt as quickly as some of the softer flowers. Other Considerations In addition to the options above, you can also plant for desired characteristics. For example, if you want to have a good succession plant, try sunflowers. You only have to plant a bunch of them at the beginning of their growing season and one month following that. Plus, sunflowers produce more blooms the more often you cut them. You can also plant for vase life. The Oklahoma variety of zinnias has a great vase life. Also, be mindful of characteristics that aren’t ideal, such as sunflowers taking longer to go from seed to harvest than other single-stem flowers. Places to Sell Your Flowers If you’re seeking places to sell your flowers, numerous options are available. Begin by establishing a booth at local festivals and farmers’ markets. Once you have gained experience and confidence, you can explore mass marketing your flowers directly to garden centers, florists, and supermarkets that operate year-round. There are also pop-up stands, wholesalers, and online flower delivery services where you can build your floriculture sales. Another option is marketing your flowers and services toward wedding and other special event planners. After reading, be sure to check out Renee Nelson’s you-pick flower farm. The operation started making money in the first month and hasn’t stopped since. Will a Flower Farmer Make a Profit in The First Season? Yes, it is possible to make a profit in the first year of farming flowers. However, the first year of growing them has a steep learning curve. When starting out, it is best to focus on two or three types of flowers that are in high demand. It is also important to do your research, especially when it comes to growing best practices and competition. Researching the best-growing methods mitigates risk, and knowing the competition’s market prices helps you set pricing and earn a profit. How Much Capital Do You Need for a Cut Flower Farm? Starting a cut flower farm often requires more capital than the average garden or small business. The start-up costs often depend on the size of the operation and where it is located, but they generally include land, seeds or plants and bulbs, tools and supplies, labor, marketing expenses, and insurance. To give a ballpark figure, some floriculturists have started their businesses with as little as $1,000, and others spent $20,000 or more. Of course, there is some variability when it comes to start-up costs, with the figures largely dependent on your farm’s size or whether you invest in high-cost infrastructure (e.g., high tunnels, greenhouse, or irrigation systems). It’s also good to figure in any labor costs associated with keeping the farm going and any unexpected costs that may arise. Further Reading for Successful Flower Farming These books and online articles have inspired thousands to start growing flowers for sale locally. The Flower Farmer: An Organic Grower’s Guide to Raising & Selling Cut Flowers, by Lynn Byczynski DON’T PANIC: A Business Guide to Small Scale Cut Flower Farming Paperback, by Sarah Adams 8 Simple Steps to Arrange Flowers Like a Pro, by Better Homes & Gardens Postharvest Handling of Cut Flowers and Greens: A Practical Guide for Commercial Growers, Wholesalers, and Retailers, by John Dole et al. The New Organic Grower: A Master’s Manual of Tools & Techniques for the Home & Market Gardener, by Eliot Coleman Grow Organic: Over 250 Tips & Ideas for Growing Flowers, Veggie, Lawns & More, by Doug Oster & Jessica Walliser The Care and Handling of Cut Flowers, by the Oklahoma State University Extension Related Small Business Trends Articles for More Reading How to Start a Tree Farm How to Open a Flower Shop Flower Farming: The Bottom Line Starting a flower farm is more than just planting seeds; it’s about nurturing a vision, cultivating passion, and watching your entrepreneurial dreams bloom. Whether you’re inspired by the vibrant hues of petals or the prospect of turning a profit, here are the essential takeaways from our comprehensive guide: Start Small, Dream Big: Every flourishing field begins with a single seed. Launch your venture with a few flower types, focusing on those with high demand. Let your grand vision guide your growth. Research & Capital: Delving into best practices for growth and marketing is fundamental. Remember, an initial investment in land, labor, and supplies is crucial to getting your farm off the ground. Quality Over Quantity: A garden filled with thriving flowers is more valuable than one overflowing with struggling plants. Stay Updated: The realm of flower farming is constantly evolving. Be a perennial learner, absorbing new techniques, plant varieties, and market insights. Combat Challenges: A successful flower farm isn’t just about growth but also understanding how to tackle diseases and pests. Nurture Nature: As a flower farmer, your bond with the earth is sacrosanct. Respect and nourish this relationship, and nature will reciprocate in kind. With the right mix of passion, knowledge, and dedication, you’ll not only see your flowers flourish but also witness the blossoming of a profitable venture. So, here’s to planting the seeds of today and reaping the colorful rewards of tomorrow. Happy farming! Flower Farming FAQs We hope you enjoyed our beginner’s guide to flower farming and found it helpful! Here are some helpful FAQs for entrepreneurs wanting to know how to start a farm. How do flower farmers make money? Flower farmers make money by selling at farmers’ markets. They can also sell fresh cut flowers directly to florists, restaurants, or through flower delivery services. They can also offer workshops to teach others how to grow and care for their flowers. Also, if you have any leftover flowers after the harvest, give some away – it’s a wonderful way to spread the joy that flowers bring! Do florists buy from local flower farms? Yes, many florists buy locally grown flowers from flower farms. This helps support the local economy and provides customers with fresh-cut, high-quality blooms. What’s the difference between annual and perennial flowers? Annual flowers are those that complete their life cycle within one year, while perennial flowers can live multiple years. Annuals tend to be hardier and easier to grow, while perennials require more skill and knowledge. What’s the competition like in flower growing? The competition in growing and selling flowers can be quite high, especially if you are targeting a specific market. It is important to understand the local market and what makes your flowers stand out from the competition. Researching other flower farms in the area and understanding their pricing structures can also help inform your decision-making process. What flowers are best for a bouquet? It depends on what the bouquet will be used for. For instance, you’ll often see lilies, roses, and tulips used in weddings. Additionally, some hardy annuals, such as black-eyed Susans, work well in bouquets. When arranging bouquets, it’s important to consider the colors, shapes, and textures that you want when choosing flowers. What tips and tricks do professional flower farmers have? Professional flower farmers often employ a variety of strategies, such as rotating crops to reduce pest and disease risk, planting in succession to ensure a steady supply of flowers throughout the year, and using mulch and organic fertilizers to improve soil nutrient levels. Another important lesson in your first-year flower farming is that there is always more to do tomorrow. One specific tip is that heat mats are good for certain plants that thrive with heat. For instance, zinnias and basil will grow better inside if you use a heat mat. Image: Envato Elements This article, "How to Start a Flower Farm" was first published on Small Business Trends View the full article

If you are someone with a green thumb and don’t mind getting your hands dirty, then commercial flower farming might be your special calling. Starting a flower farm is a great way to make money and provide beautiful blooms for your customers. It’s also an exciting venture that can be both rewarding and challenging. So, whether you’re just starting or have been flower farming for years, there are tips and tricks to help you maximize your output while keeping costs low. In this article, we will examine the best practices for flower farming, covering everything from selecting the appropriate plants to harvesting them at their optimal times. By implementing these strategies, you can transform your passion into a thriving business in no time! Flower Farming for Cut Flowers Flower farming is growing in popularity and can be very rewarding. People make money by growing cut flowers and selling them at farmers’ markets or to venues, flower stalls, and restaurants. You can also start small, which is financially stable for most cut flower farming. That means you can start with a small garden in your or your neighbor’s yard if they let you. You can also begin with just a few buckets of flowers. Once you get the hang of it, you can expand your cut flower garden and make more money. Simple Steps to Flower Farming Whether you’re a beginner flower farmer or looking to expand your business, there are certain steps you need to take to be successful. From choosing flower varieties to marketing your bouquets, here are simple steps you need to take to start and successfully run a flower farm: Benchmark Other Flower Farmers in the Area It is important to research flower growers in the area before you start a flower farm. This will help you understand better what flowers are most profitable, what growing seasons are best to plant in, what issues they run into and what methods other farmers use. It is also helpful to talk to other growers at the farmer’s market. Many of them will be glad to help you with growing tips and may even give you more agricultural business ideas. Plan Your Flower Business In this step, you are planning out the business aspects of your flower farm. From naming and branding to marketing your business to opening a business banking account, this is where you plan the groundwork that will ensure your flower business’s success. Create an action tracker – This will help you keep track of the tasks and goals you need to complete while starting and running your flower farm. Name and brand your flower business – This will help you create a more recognizable identity for your business. Develop a flower farming business plan – A business plan is essential for getting business loans and grants. Even acquiring a business partner or angel investor is easier with a good business plan. A solid business plan should, at the very least, contain: A summary of your business An overview of the market and industry Sales and marketing plans Financial projections Form a legal entity and register your business – This will help you protect your business and personal assets. Create a budget – This will help you manage your finances and better understand the costs of running a flower farm. Set up a business banking account – A business bank account is important for tracking and keeping separate the income, expenses, and other financials related to your business. Market and promote your flower business – You’ll need to figure out the best ways to reach potential customers and increase visibility for your business – such as by creating a website and engaging in social media. Sort out taxes and insurance – This will help you make sure your business complies with local, state, and federal laws. Choose the Type of Flower Farm You Want to Create Before you decide on specific flower varieties, you need to decide what type of farm you want to create. Are you looking to grow cut flowers for bouquets, or are you looking more toward potted plants? Do you want to specialize in one type of flower or grow a variety of flowers? Answering these questions will help you determine the types of flowers you want to start with. Set Aside Your Growing Area Once you have determined the type of flower farming operation you wish to establish, the next step is to designate a specific structure or area for your flowers. There are several options for this, including renting land or greenhouses, as well as cultivating and caring for fields and gardens in your own backyard. Begin Crop Planning Develop a crop plan for the year. This will help you determine what flowers to grow, when to plant them, and what supplies you need. You should also take into consideration things like weather patterns in your area, pest infestations, and soil conditions as well. Be sure to research any pests that are common in your area so that you can treat them accordingly. Buy Your Starting Seeds One of the best ways to ensure you have the tall varieties of flowers you need for cut flower bouquets is to buy and grow your own seeds. As far as bought seeds go, many nurseries don’t carry these types of flowers. So, if you want to create beautiful floral arrangements, you’ll need to take matters into your own hands and grow them from scratch. You can buy seeds from places like your local feed & seed store or highly-rated online bulk seed companies. Nurture and Grow Your Starter Flowers When starting your farm for your flowers, it is important to have the appropriate tools and equipment needed to successfully nurture and grow flowers. A heat mat, seed trays, grow lights, and quality seed starting mix are all essential items for any budding flower farmer. The heat mat will help keep the soil temperature at the optimal level for germination, while the grow lights will help stimulate and encourage more vigorous growth. Purchase any Supporting Structures and Materials Depending on the type of farm you’re running, you may need to purchase certain pieces of equipment. For example, if you’re growing potted plants, you’ll need some form of irrigation system to keep them hydrated. If you’re growing cut flowers for bouquets, you may need a greenhouse or cold frame and some cutting tools. You can purchase landscape fabric and other materials to create the environment you need for your plants. Also, if you are growing roses, which can be very profitable, you need to have excellent marketing facilities. Buy Farming Tools and Equipment If you’re looking to minimize your investment, starting small is an excellent option for new flower farmers. In this case, hand tools such as tillers, plows, and trowels are a fantastic initial investment. However, farming can be backbreaking work. If you plan on expanding your operation, it may be necessary to invest in larger equipment like electric tillers, tractors, and seed drills. You can also purchase a mule, wheelbarrow, and other items that will help make your job easier. Till the Growing Area After you have chosen your growing area, tilling the soil will help create a healthy and productive environment for your flowers. This process helps remove roots and weeds while breaking up large chunks of dirt and removing rocks. This way, air, water, and nutrients can better penetrate and enrich the soil. To till the soil, use either the double-dig gardening method or a hand-held or motorized rototiller to dig into the dirt. Make Any Soil Amendments Needed If you are planting in soil that is unsuitable for your chosen flowers, you may need to incorporate amendments like compost or mulch. This will help provide your flowers with the essential nutrients required for healthy and robust growth. Harden Your Plants There are some seeds you can plant directly in the soil – others you have to grow inside and transplant. Before transplanting your seedlings, be sure to harden them off. This process helps the plants become acclimated to outdoor conditions so they are better prepared for life in their new home. To do this, start by keeping the plants outside for a few hours during the day and then bring them back inside at night for a week or two. This process will help the plants adjust and grow stronger, resulting in better yields. Plant the Flowers and Take Care of Them Direct sow your seeds or plant the starter flowers in the soil in the area you have chosen and take care of them. Bear in mind that all flowers typically have different requirements when it comes to soil, water, and sun exposure. Consider special notes on your seed packages or in books. They give you helpful tips like the correct planting distances between plants, what plants grow well together, and when to plant your flowers (spring, late spring, fall /etc.). Additionally, fertilize regularly, water consistently, and remove any weeds that sprout around them. Pay careful attention to how your flowers are growing so that you can make adjustments as needed. Harvest the Flowers Once the flowers are ready, it’s time to harvest them. Harvesting and handling cut flowers is a process. Some general guidelines to follow: Before Harvesting Flowers: Flowers and other plants should appear healthy and turgid. Use white plastic buckets to hold your harvested plants. Plastic storage buckets and cutting tools such as knives or shears should be cleaned and sanitized inside before use. See the University of Massachusetts Amherst’s directions for cleaning and sanitizing here. Don’t stack buckets within each other if the inside is not as clean as the outside. Make sure all cutting tools are sharp. If you cut with dull tools, they will crush the stems and decrease their water intake. All plastic buckets used to harvest plants should contain clean water. Some floriculturists add biocide to the water To find out how to mix biocide and reference vendors that sell it, see “The Care and Handling of Cut Flowers” in the Further Reading for Successful Flower Farming section. During Harvesting: Harvest spike-type flowers when 1/4 to 1/2 of their individual florets open. Harvest daisy-type flowers when they are opened fully. To see a list of some commonly grown cut flowers and their development stages, see the fact sheet in “The Care and Handling of Cut Flowers” in the Further Reading for Successful Flower Farming section. Harvest in the cooler morning and evening hours. Remove any foliage on plant stems that will be underwater. Angle the cut flower stems to prevent them from resting flat on the bottom of the bucket, which will enhance water absorption. Don’t lay flowers on a dirty surface or the ground. Frequently disinfect your cutting tools – at least 2X each day. Grade and bunch plants and flowers immediately after you harvest. Bring flowers into the shade. Place them in plastic buckets of clean, acidified warm water and a biocide. Avoid overfilling containers with plants and flowers. Sell the Fresh Flowers Now that your flowers are harvested, you can enjoy the fruits of your labor and sell them! You can create beautiful bouquets to market and sell to local florists or even directly at a farmers’ market. By growing hardy annuals and other bouquet and vase-ready flowers, you have created a sustainable source of income for yourself and provided high-quality, freshly cut flowers for others. Save Some Seeds for Next Time Once you have finished harvesting your flowers, it’s a good idea to save some of the seeds for next season. This will help cut down on the cost of buying new plants and give you a head start in getting ready for planting season. You can store the seeds in a cool, dry place until springtime rolls around again. Expand or Diversify Your Business Once you have established yourself in the industry, it’s time to start thinking about diversifying your “flower portfolio.” You can start growing other varieties of flowers to offer your customers a larger selection or even venture into new realms altogether, such as creating wreaths and centerpieces or making rosewater out of leftover roses. With the right knowledge and ambition, you can turn your small-scale flower business into something much bigger! You can also teach flower farming classes to all the budding floriculturists out there. Here’s a summary table that brings all the steps together for easy reference: StepDescription Benchmark Local Flower Farmers- Understand profitable flowers and seasons. - Gain insights from local growers and farmers' markets. Plan Your Flower Business- Branding & naming. - Develop a business plan. - Legal registration, budgeting, banking, marketing, taxes, and insurance. Choose Your Flower Farm Type- Decide between cut flowers for bouquets or potted plants. - Specialize or diversify flower types. Set Aside Your Growing Area- Rent or allocate space for growing. Begin Crop Planning- Yearly crop plans. - Consider weather, pests, and soil conditions. Nurture Your Starter Flowers- Essential tools: heat mat, seed trays, grow lights, and seed starting mix. Purchase Supporting Structures- Depending on farm type: irrigation systems, greenhouse, or cold frame. Buy Farming Tools and Equipment- Basic tools: tillers, plows, and trowels. - Larger equipment if expanding. Till the Growing Area- Use rototiller or double-dig gardening to prepare the soil. Make Soil Amendments- Add compost or mulch for nutrient enrichment. Harden Your Plants- Acclimate plants to outdoor conditions for transplantation. Plant and Care for Flowers- Consider individual flower requirements. - Regularly fertilize and water. Harvest the Flowers- Harvest during cooler hours. - Use guidelines for flower types and stages. - Store harvested flowers appropriately. Sell the Fresh Flowers- Market bouquets to florists or at farmers' markets. Save Seeds for Next Time- Store seeds in a cool, dry place for the next planting season. Expand or Diversify- Grow other flower varieties or venture into related businesses. - Offer classes or workshops. Sustainable Flower Farming Practices Adopting Eco-Friendly Methods: In today’s environmentally conscious market, adopting sustainable practices can set your flower farm apart. Techniques such as composting, using organic pest control methods, and implementing water conservation strategies not only benefit the environment but can also attract customers looking for eco-friendly products. Explore options like rainwater harvesting and drip irrigation to minimize water usage and consider integrating beneficial insects for natural pest management. Renewable Energy Sources: Consider the use of renewable energy sources, such as solar panels, to power greenhouses or irrigation systems. This not only reduces your carbon footprint but may also lower operational costs in the long run. Additionally, promoting your use of renewable energy can enhance your brand’s appeal to environmentally conscious consumers. Diversifying Your Flower Farm Offerings Expanding Product Lines: In addition to selling cut flowers, there are many opportunities to diversify your product offerings and boost your revenue. Think about creating and selling value-added products like dried flower arrangements, natural potpourri, or floral-infused oils and candles. Hosting workshops on flower arranging or sustainable gardening can also draw a larger audience to your farm. Agrotourism Opportunities: Transform your flower farm into a destination for agrotourism. Hosting events like “pick-your-own” days, farm tours, or floral workshops can provide additional income and market your products directly to consumers. This not only generates revenue but also builds a loyal customer base that is engaged with your farming practices and product offerings. How Profitable is Flower Farming? The flower farming business is a lucrative one, as these specialty crops are one of the best cash crops you can grow. The flower experts at The Gardner’s Workshop say that farmers across the United States are reporting sales of $25K to $30K an acre on average. How much you are going to make is going to depend wholly on the region, the type of market you are selling into, and your skill at flower farming. What is a Flower Farmer Called? A flower farmer is generally referred to as a floriculturist. A floriculturist is someone who specializes in growing, harvesting, and marketing flowers. From selecting the right soil for planting to pruning for optimal growth and design, a floriculturist has many skills that are beneficial to running a successful flower farm. The Most Profitable Flowers to Grow The most profitable flowers to grow will be popular blooms for flower bouquets, flower crowns, and flower arrangements. Warm-season annuals are the easiest for beginning floriculturists to work with. You can sell them through the season, and they have a very broad appeal. The three best warm-season annuals you can try your hand at for the first time are celosia, sunflowers, and zinnias. In fact, many floriculturists only do sunflower farming since they are so popular and easy to grow. Other profitable flower varieties and plants to use for bouquets and bouquet fillers include: Ageratum: Thrives in full sun with well-drained soil, keep moist but not waterlogged. Scabiosa: Prefers full sun and well-draining soil; deadhead to promote continuous blooming. Larkspur: Requires full sun and rich, well-drained soil; benefits from staking in windy areas. Lavender: Loves full sun and dry, sandy soil; ensure good air circulation to prevent root rot. Eucalyptus: Grows best in full sun and well-drained soil; drought-tolerant once established. Carnations: Needs full sun and fertile, well-drained soil; pinch back to encourage bushier growth. Lilies: Thrive in full sun to partial shade with rich, well-drained soil; mulch to keep roots cool. Yarrow: Prefers full sun and well-drained soil; drought-tolerant and resistant to pests. Gladiolus: Loves full sun and sandy loam soil; plant corms in succession for continuous blooms. Snapdragon: Requires full sun to partial shade and rich, well-draining soil; pinch for business. Queen Anne’s lace: Grows best in full sun and well-drained soil; self-seeds prolifically. Holly: Prefers full sun to partial shade and well-drained slightly acidic soil. Lily of the Valley: Thrives in partial to full shade with moist, well-drained soil; spreads quickly. Dill: Needs full sun and rich, loose soil; water regularly and protect from strong winds. Tulips: Prefer full sun and well-draining soil; plant bulbs in fall for spring blooms. Baby’s breath: Loves full sun and well-drained alkaline soil; drought-tolerant once established. Roses: Require full sun and fertile, well-drained soil; regular pruning promotes healthy growth. Peonies: Thrive in full sun and well-drained soil; require cold winter period to bloom. Verbena bonariensis: Prefers full sun and well-drained soil; tolerates drought and poor soils. Heather: Grows best in full sun and acidic, well-drained soil; water regularly during dry spells. Ivy: Thrives in partial to full shade and moist, well-drained soil; great for ground cover. Stephanotis: Prefers bright, indirect light and well-drained soil; keep humid for best growth. Ammi/Daucus: Needs full sun and well-drained soil; resembles Queen Anne’s lace but taller. Strawflower: Loves full sun and well-drained soil; drought-resistant once established. Sweet pea: Requires full sun to partial shade and rich, moist soil; provides support for climbing. Cinnamon basil: Prefers full sun and rich, well-drained soil; water regularly for best flavor. Black-eyed Susans: Thrive in full sun and well-drained soil; drought-tolerant and self-seeding. Dahlias: Need full sun and rich, well-drained soil; stake tall varieties to support blooms. Bachelor’s buttons: Prefer full sun and well-drained soil; drought-tolerant once established. What to Grow for a Mixed Bouquet One of the most confusing things for a first-year flower farmer is planting for flower bouquets. When flower farming for a mixed bouquet, you want to choose flower varieties that will work together. Choose colors and flower types that not only look appealing but will also stand up well in a flower bouquet. Focal Flowers These flowers really stand out in a flower bouquet and draw your eyes to them. Focals should be unique, bold, and eye-catching. Zinnias are an example of a focal flower, and their vintage-like appearance makes them highly sought after. They come in a wide variety of colors and shapes and are considered workhorse flowers since the more you cut, the more they produce. Accent Flowers Accent flowers are smaller flower blooms that help fill out and support the flower bouquet. They should be bright, cheerful, and less expensive than focals. Examples of accent flowers are alstroemeria, lisianthus, and statice. These flowers can help add texture and color to the bouquet without breaking the budget. Hardy Annuals Hardy annuals tolerate a wide range of temperatures, humidity levels, and soil conditions. What’s more? They bring long-lasting color and texture to your flower bouquet and are a great option for the beginning flower farmer. The fast-growing black-eyed Susan is an example of a hardy annual. Susans radiate happiness and are especially suited for barn wedding bouquets. Daisies, sunflowers, and coneflowers can also be included in this group. Soft Annuals and Perennials Soft annuals and perennials are considered to be more delicate than hardy annuals and are often short-lived. Perennials come back year after year, creating the possibility of a continuous supply of flowers for your business. These flowers require more attention and care but can thrive in the right environment. Examples of soft annuals and perennials are cosmos, dahlia,s and snapdragons. Foliage Plants Foliage plants are essential for any flower bouquet and provide structure and texture to your arrangement. Ferns, eucalyptus, and ivy are great choices for foliage. These plants will add color, texture, and interest to your flower bouquet and won’t wilt as quickly as some of the softer flowers. Other Considerations In addition to the options above, you can also plant for desired characteristics. For example, if you want to have a good succession plant, try sunflowers. You only have to plant a bunch of them at the beginning of their growing season and one month following that. Plus, sunflowers produce more blooms the more often you cut them. You can also plant for vase life. The Oklahoma variety of zinnias has a great vase life. Also, be mindful of characteristics that aren’t ideal, such as sunflowers taking longer to go from seed to harvest than other single-stem flowers. Places to Sell Your Flowers If you’re seeking places to sell your flowers, numerous options are available. Begin by establishing a booth at local festivals and farmers’ markets. Once you have gained experience and confidence, you can explore mass marketing your flowers directly to garden centers, florists, and supermarkets that operate year-round. There are also pop-up stands, wholesalers, and online flower delivery services where you can build your floriculture sales. Another option is marketing your flowers and services toward wedding and other special event planners. After reading, be sure to check out Renee Nelson’s you-pick flower farm. The operation started making money in the first month and hasn’t stopped since. Will a Flower Farmer Make a Profit in The First Season? Yes, it is possible to make a profit in the first year of farming flowers. However, the first year of growing them has a steep learning curve. When starting out, it is best to focus on two or three types of flowers that are in high demand. It is also important to do your research, especially when it comes to growing best practices and competition. Researching the best-growing methods mitigates risk, and knowing the competition’s market prices helps you set pricing and earn a profit. How Much Capital Do You Need for a Cut Flower Farm? Starting a cut flower farm often requires more capital than the average garden or small business. The start-up costs often depend on the size of the operation and where it is located, but they generally include land, seeds or plants and bulbs, tools and supplies, labor, marketing expenses, and insurance. To give a ballpark figure, some floriculturists have started their businesses with as little as $1,000, and others spent $20,000 or more. Of course, there is some variability when it comes to start-up costs, with the figures largely dependent on your farm’s size or whether you invest in high-cost infrastructure (e.g., high tunnels, greenhouse, or irrigation systems). It’s also good to figure in any labor costs associated with keeping the farm going and any unexpected costs that may arise. Further Reading for Successful Flower Farming These books and online articles have inspired thousands to start growing flowers for sale locally. The Flower Farmer: An Organic Grower’s Guide to Raising & Selling Cut Flowers, by Lynn Byczynski DON’T PANIC: A Business Guide to Small Scale Cut Flower Farming Paperback, by Sarah Adams 8 Simple Steps to Arrange Flowers Like a Pro, by Better Homes & Gardens Postharvest Handling of Cut Flowers and Greens: A Practical Guide for Commercial Growers, Wholesalers, and Retailers, by John Dole et al. The New Organic Grower: A Master’s Manual of Tools & Techniques for the Home & Market Gardener, by Eliot Coleman Grow Organic: Over 250 Tips & Ideas for Growing Flowers, Veggie, Lawns & More, by Doug Oster & Jessica Walliser The Care and Handling of Cut Flowers, by the Oklahoma State University Extension Related Small Business Trends Articles for More Reading How to Start a Tree Farm How to Open a Flower Shop Flower Farming: The Bottom Line Starting a flower farm is more than just planting seeds; it’s about nurturing a vision, cultivating passion, and watching your entrepreneurial dreams bloom. Whether you’re inspired by the vibrant hues of petals or the prospect of turning a profit, here are the essential takeaways from our comprehensive guide: Start Small, Dream Big: Every flourishing field begins with a single seed. Launch your venture with a few flower types, focusing on those with high demand. Let your grand vision guide your growth. Research & Capital: Delving into best practices for growth and marketing is fundamental. Remember, an initial investment in land, labor, and supplies is crucial to getting your farm off the ground. Quality Over Quantity: A garden filled with thriving flowers is more valuable than one overflowing with struggling plants. Stay Updated: The realm of flower farming is constantly evolving. Be a perennial learner, absorbing new techniques, plant varieties, and market insights. Combat Challenges: A successful flower farm isn’t just about growth but also understanding how to tackle diseases and pests. Nurture Nature: As a flower farmer, your bond with the earth is sacrosanct. Respect and nourish this relationship, and nature will reciprocate in kind. With the right mix of passion, knowledge, and dedication, you’ll not only see your flowers flourish but also witness the blossoming of a profitable venture. So, here’s to planting the seeds of today and reaping the colorful rewards of tomorrow. Happy farming! Flower Farming FAQs We hope you enjoyed our beginner’s guide to flower farming and found it helpful! Here are some helpful FAQs for entrepreneurs wanting to know how to start a farm. How do flower farmers make money? Flower farmers make money by selling at farmers’ markets. They can also sell fresh cut flowers directly to florists, restaurants, or through flower delivery services. They can also offer workshops to teach others how to grow and care for their flowers. Also, if you have any leftover flowers after the harvest, give some away – it’s a wonderful way to spread the joy that flowers bring! Do florists buy from local flower farms? Yes, many florists buy locally grown flowers from flower farms. This helps support the local economy and provides customers with fresh-cut, high-quality blooms. What’s the difference between annual and perennial flowers? Annual flowers are those that complete their life cycle within one year, while perennial flowers can live multiple years. Annuals tend to be hardier and easier to grow, while perennials require more skill and knowledge. What’s the competition like in flower growing? The competition in growing and selling flowers can be quite high, especially if you are targeting a specific market. It is important to understand the local market and what makes your flowers stand out from the competition. Researching other flower farms in the area and understanding their pricing structures can also help inform your decision-making process. What flowers are best for a bouquet? It depends on what the bouquet will be used for. For instance, you’ll often see lilies, roses, and tulips used in weddings. Additionally, some hardy annuals, such as black-eyed Susans, work well in bouquets. When arranging bouquets, it’s important to consider the colors, shapes, and textures that you want when choosing flowers. What tips and tricks do professional flower farmers have? Professional flower farmers often employ a variety of strategies, such as rotating crops to reduce pest and disease risk, planting in succession to ensure a steady supply of flowers throughout the year, and using mulch and organic fertilizers to improve soil nutrient levels. Another important lesson in your first-year flower farming is that there is always more to do tomorrow. One specific tip is that heat mats are good for certain plants that thrive with heat. For instance, zinnias and basil will grow better inside if you use a heat mat. Image: Envato Elements This article, "How to Start a Flower Farm" was first published on Small Business Trends View the full article

Paid search audits are essential. But let’s face it: they can be a beast to do. It’s not just about understanding complex strategies; it’s about meticulously reviewing every setting, campaign, keyword, and ad, then translating all those details into actionable insights for stakeholders who may not be PPC experts. Before AI, I spent countless hours refining audit checklists and presentations, constantly second-guessing myself. Did I miss a crucial setting? Did I fully grasp the account’s nuances and how they align with business goals? I even resorted to downloading templates from other experts for reassurance. Now, AI chatbots like ChatGPT and Gemini have transformed my entire auditing process, bringing a new level of thoroughness, clarity, and actionability. They help me avoid missing critical details and analyze data faster than I ever could, freeing up my time for strategic thinking. Read on to learn how AI can help you conduct comprehensive, insightful, and actionable paid search audits that drive better performance. Streamline your initial account review Feeling overwhelmed when reviewing a new account? I used to, as well. Now, I simply open the account and dictate my observations directly into a Google Doc using my phone’s text-to-speech feature. I cover everything – from account structure and campaign settings to keyword choices and ad copy. Next, I feed this raw data into my AI chatbot, asking it to organize my thoughts and structure the observations. I can even paste the campaign structure for the chatbot to analyze, identifying issues like overly broad keywords or illogical setups. Suddenly, I have a clear, concise account overview, ready for deeper analysis. Explain complex topics with AI Explaining bid strategies or match types to someone unfamiliar with PPC can be challenging and frustrating. I’ve always struggled with this, especially after analyzing data all day. AI chatbots excel at simplifying complex concepts and translating technical jargon for stakeholders. For example, if you’ve identified a suboptimal bidding strategy, instead of a technical explanation about value-based bidding, you can ask the AI to tailor the message for different audiences: For an executive: “The current bidding strategy is likely costing us money by not focusing on the most valuable conversions.” For a marketing team member: “We can improve our bidding to reach more of the right customers and reduce wasted ad spend.” For a paid search manager: “I recommend transitioning to value-based bidding, as it helps inform the ads platform that we prioritize form submissions over phone calls.” Similarly, rather than saying, “The search terms report shows a high volume of irrelevant queries,” the AI can rephrase it as “We’re wasting money on clicks from people who aren’t interested in our products.” This approach ensures your insights are clear and actionable for all stakeholders. AI helps turn what’s in your head into polished presentations with actionable steps businesses can easily implement. Flag high-cost, low-converting campaigns, ad groups, or keywords AI chatbots aren’t just passive note-takers. They can be proactive analysts. Once you’ve provided the AI with account data, you can ask it targeted questions like: “What are the biggest opportunities for improvement in this account?” “Are there any red flags I should be concerned about?” “Which keywords have high cost but low conversions?” The AI can analyze the data and provide insights you might have missed. For example, in a recent audit of a luxury car accessories campaign, I analyzed a search terms report and asked AI to flag potential inefficiencies. One standout issue was high-cost, low-conversion keywords. The term “premium leather seat covers” had 128 clicks, a CTR of 4.6%, and only two conversions, resulting in a cost per conversion of $180 – much higher than the account’s target. Meanwhile, “heated seat covers for winter” showed a strong CTR of 25.8% and a conversion rate of 1.25%, but its cost per conversion was still high at $161. This data indicates a need for lower bids, better use of negative keywords, or landing page optimization. A high CTR combined with a low conversion rate suggests that while users are clicking, they are not converting – highlighting clear opportunities for improvement. Once I used AI to identify the opportunities, I can use AI to communicate this concept to an executive: “We’re seeing some instances where we’re paying a lot for clicks, but those clicks aren’t turning into sales. This is often due to targeting the wrong keywords or sending people to landing pages that aren’t optimized for conversion. By addressing these issues, we can reduce wasted spend and improve our return on investment.” This concise explanation focuses on the issue’s financial impact and potential for improvement, which is what executives typically care about most. It also avoids getting bogged down in technical details, like negative keywords, which is crucial when communicating with non-PPC experts when delivering audits. Believe me, when you start talking about negative keywords or match types with an executive, you’ve lost them! As subject matter experts, it’s so easy to get caught up in the details. Still, AI has been monumental in helping me bridge that communication gap and communicate what is important. Dig deeper: 7 tips for conducting Google Ads audits How to analyze your account with AI Remember to apply the process of analyzing data with AI at every level of the account hierarchy. Start with campaign data, then drill down to the ad group level within each campaign, and finally, review the ads and keywords. Analyzing campaign data with AI Download the relevant campaign data from Google Ads. Upload it to ChatGPT (or another AI tool). Ask targeted questions like: “Which campaigns are underperforming?” or “Which campaigns have the highest cost per conversion?” Analyzing ad group data with AI Download the relevant ad group data from Google Ads. Upload it to your AI tool. Ask questions like: “Which ad groups have the lowest click-through rates?” or “Are there any ad groups with high impressions but low clicks?” Analyzing keywords and ads with AI Download the relevant data (e.g., search terms report, keyword data, ad data) from Google Ads. Upload it to your AI tool. Ask targeted questions like: “Which keywords have high cost but low conversions?” or “Suggest new negative keywords.” or “Which ads have the highest conversion rates?” AI analyzes the data and provides insights within seconds, saving hours of manual review. This helps you quickly identify areas for improvement. As the human expert, you can then determine the best course of action, such as adding negative keywords, adjusting bids, or optimizing landing pages. You can also use AI to analyze your current audience targeting settings and suggest improvements, such as layering demographics, interests, and behaviors for more precise targeting. By applying this process at each level, you gain a comprehensive understanding of the account’s performance and can develop targeted recommendations for improvement and incorporate into your audit. Auditing ad copy with AI AI can be a valuable tool for generating ad copy variations and incorporating feedback on ad copy into your audits. With the rise of responsive search ads (RSAs), which allow for up to 15 headlines and four descriptions, it’s easy to overlook the importance of solid ad copy. We’re often stuck in a situation where many headlines or combinations simply don’t get served, making it difficult to know which ones are truly effective. By leveraging AI to analyze existing ad copy and campaign data, you can provide specific, data-driven suggestions for improvement directly within your audit reports. This enhances the value of your audits and streamlines the optimization process for your clients. Here’s how to use AI to enhance your paid search audits: Upload your campaign data to the AI platform, including ad copy, impressions, clicks, conversions, and other relevant metrics. Ask the AI to analyze the data and identify the top-performing ads in terms of key performance indicators (KPIs) like conversions or click-through rates (CTR). For example, you could ask: “Analyze this ad copy data and tell me which ads are driving the most conversions. Then, generate 3 new ad copy variations based on the top performer.” Filter the suggestions to align with your brand voice, character limits, and other campaign requirements. Incorporate the AI-generated suggestions into your audit report, providing specific, data-backed recommendations for improvement. Advise clients to A/B test the different variations to identify the most effective ad copy. Using AI to analyze your RSAs can help you uncover which headlines and descriptions are actually working and generate new variations based on those insights. This allows you to make data-driven recommendations for improving ad copy, even with the added complexity of RSAs. Gain competitor insights with AI Including competitor insights in paid search audits helps clients understand their market better and find ways to stay ahead. While there are tools available that provide competitor analysis, manual review and analysis of publicly available data can uncover valuable insights that might otherwise be missed. One powerful application of AI in this context is competitor website analysis. By providing the chatbot with your competitors’ websites or ad copy, you can ask it to: Analyze their strategies. Identify their strengths and weaknesses. Suggest opportunities for differentiation. This allows you to gain valuable insights into the competitive messaging landscape and refine your own approach to copy. Another application is to look at websites like Amazon or Reddit. For example, you could gather competitor reviews from platforms like Amazon and use AI to analyze the sentiment and identify recurring themes. You could also read what customers are saying about a brand on Reddit. This can help you understand what customers like and dislike about your competitors’ products or services, which can inform your ad copy and messaging. You can even ask the AI to generate ad copy variations based on these insights, ensuring your ads stand out from the competition and resonate with potential customers. Including this level of competitor intelligence in your audits shows a strong market understanding and gives clients actionable strategies to stay ahead. Get the newsletter search marketers rely on. Business email address Sign me up! Processing... See terms. Overarching vs. in-depth audits It’s important to remember that paid search audits can vary in scope. Some audits require a high-level overview, while others demand a deep dive into every aspect of the account. AI can be adapted to both scenarios. For comprehensive audits, you can use AI to analyze vast amounts of data and pinpoint areas for improvement across all levels of the account. For more focused audits, you can use AI to examine specific aspects, such as ad copy testing, keyword research, or campaign structure. Automate reporting with AI Compiling the findings into a clear and concise report is one of the most time-consuming aspects of paid search audits. This is where AI can shine, helping you automate the reporting process and create professional presentations with minimal effort. Here’s how you can leverage AI to streamline your audit reporting. Create a comprehensive audit template Develop a spreadsheet template that captures every single setting in the advertising platform you’re auditing (Google Ads, Bing Ads, Facebook Ads, etc.). Include checkboxes for items that meet best practices and text fields for observations or recommendations. This template serves as your standardized audit checklist. Populate the template As you conduct your audit, meticulously fill out the spreadsheet, checking boxes and adding notes where necessary. Leverage AI for report generation Once the template is complete, upload it to your AI chatbot. Provide clear instructions on the desired output. For example: “Generate a PowerPoint outline for a paid search audit report based on this spreadsheet. Include a slide for each section with key findings and recommendations. Highlight any critical issues or opportunities.” Refine and customize The AI will generate a PowerPoint outline based on the data in your spreadsheet. Review the output, refine the language, add your own insights, and customize the formatting to create a polished and professional presentation. This process allows you to leverage AI to automate the tedious aspects of report generation while maintaining control over the content and ensuring that your expertise shines through. Combining a standardized audit template with AI-powered reporting can save significant time and deliver high-quality audits that impress your clients. Dig deeper: 3 steps for effective PPC reporting and analysis A glimpse into the future of creative collaboration with AI While AI may not be a complete replacement for human expertise just yet, its rapid evolution hints at an exciting future where it significantly enhances our skills and knowledge. We all have strengths and weaknesses, and AI has the potential to bridge those gaps effectively. For example, I used to rely on a colleague with a knack for data visualization. I’d describe a concept, and they’d effortlessly create a compelling visual. Today’s AI tools are starting to offer similar capabilities, though they often require more guidance. Recently, I needed a flowchart illustrating the Google Ads auction process. I provided a detailed prompt to Canva’s AI, outlining the steps and desired visual elements. The result was a decent starting point, but it wasn’t quite what I envisioned. (See my prompt and the AI’s output below.) This experience highlighted the iterative nature of working with AI. It’s like a dance where both partners are learning and adapting. As we refine our ability to communicate effectively with AI, and as AI technology itself advances, the results will become increasingly impressive. Imagine a future where we can dictate a flowchart, outline complex processes with ease, and AI generates a stunning visual that surpasses anything we could create with traditional tools like Mermaid. This level of creative collaboration could revolutionize how we visualize and communicate information. My prompt: “Create a flowchart illustrating the Google Ads auction process. The diagram should show the following steps: User Search: A user searches for a query on Google. Ad Auction: Google’s ad auction determines which ads to show based on factors like bid amount, ad quality, and ad relevance. Ad Serving: Google serves the ad that is predicted to maximize the advertiser’s goal (clicks, conversions, or conversion value). User Interaction: The user may or may not interact with the ad (e.g., click, convert). Use simple shapes and arrows to represent the flow of the process. Label each step clearly. Consider using different colors to distinguish between user actions, Google’s decisions, and advertiser goals.” AI’s result: This visual isn’t accurate, but I believe as technology and prompting improve, we’ll reach a point where accurate diagrams and charts can be created quickly for presentations. AI-powered paid search audits: Faster, smarter, and more actionable AI technology is evolving rapidly, changing how marketers approach their work. Integrating a chatbot into your paid search audit process can help you deliver better results faster by automating tedious tasks. However, remember it is a tool to assist you, not a replacement for your expertise. Always review and refine the chatbot’s output, and use your judgment to ensure the quality and accuracy of your findings. Embrace these advancements, and you’ll be well-equipped to navigate the complexities of paid search and achieve outstanding results. Dig deeper: How to maximize PPC and SEO data with co-optimization audits View the full article

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. When assessing home price momentum, it’s important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate potential future pricing weakness. Conversely, a rapid decline in active listings could suggest a market that is heating up. National active listings are on the rise (up 24.6% between January 2024 and January 2025). This indicates that homebuyers have gained some leverage in many parts of the country over the past year, with some markets even feeling like balanced or buyers’ markets on the ground. However, nationally, we’re still below pre-pandemic active inventory levels (25.3% below January 2019), and some resale markets still remain tight—but, that’s not the case anymore in many pockets of the Sun Belt and Mountain West. Here’s how the total January inventory/active listings (according to Realtor.com) compare to recent historic levels: January 2017: 1,154,120 January 2018: 1,043,951 January 2019: 1,110,636 January 2020: 951,675 January 2021: 531,775 January 2022: 376,970 January 2023: 616,865 January 2024: 665,569 January 2025: 829,376 Click here to view an interactive version of the map below. Among the states with the biggest inventory jumps is Florida. As ResiClub well documented: In Florida, the biggest inventory increases initially over the past two years were concentrated in sections of Southwest Florida. In particular, in markets like Cape Coral, Punta Gorda, and Fort Myers, which were hard-hit by Hurricane Ian in September 2022. This combination of increased housing supply for sale—the damaged homes coming up for sale—coupled with strained demand—the result of spiked home prices, spiked mortgage rates, higher insurance premiums, and higher HOAs—translated into market softening across much of Southwest Florida. However, the inventory increases in Florida now expands far beyond Southwest Florida. Markets like Jacksonville and Orlando are also above pre-pandemic levels, as are many coastal pockets along Florida’s Atlantic Ocean side. One reason being that Florida’s condo market is dealing with the after effects of regulation passed following the Surfside condo collapse in 2021. This is compounded by a slowdown in work-from-home migration to Florida and significant home insurance shocks. Click here to view an interactive version of the map below. In December 2024, nine states were back above pre-pandemic inventory levels: Arizona, Colorado, Florida, Idaho, Oklahoma, Tennessee, Texas, Utah, and Washington. In January 2025, just three states are above pre-pandemic levels: Colorado, Florida, and Texas. But the reason the figure shrank isn’t that inventory growth (after accounting for seasonality) has stalled. Instead, it’s due to a denominator effect—since inventory shrank over the course of 2019, January 2019 had a higher comparable denominator, while December 2019 had a lower one. Why are Sun Belt and Mountain West markets seeing a faster return to pre-pandemic inventory levels than many Midwest and Northeast markets? One factor is that some pockets of the Sun Belt and Mountain West experienced even greater home price growth during the pandemic housing boom, which stretched costs too far beyond local incomes. Once pandemic-fueled migration slowed, and rates spiked, it became an issue in places like Colorado Springs and Austin. Unlike many Sun Belt housing markets, many Northeast and Midwest markets have lower levels of homebuilding. As new supply becomes available in Southwest and Southeast markets, and builders use affordability adjustments like buydowns to move it, it has created a cooling effect in the resale market. The Northeast and Midwest don’t have that same level of new supply, so resale/existing homes are pretty much the only game in town. Big picture: Over the past few years we’ve observed a softening across many housing markets as strained affordability tempers the fervor of a market that was unsustainably hot during the Pandemic Housing Boom. While home prices are falling in some areas around the Gulf, most regional housing markets are still seeing positive year-over-year home price growth. The big question going forward is whether active inventory and months of supply will continue to rise and cause more housing markets to see outright price declines. Generally speaking, local housing markets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past three years. Conversely, local housing markets where active inventory remains far below pre-pandemic levels have, generally speaking, experienced stronger home price growth over the past three years. View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. The Apple Watch Series 8 (GPS + Cellular, 45mm) is now $329.99 on Woot, down from its original price of $749—a $419 discount available for four days or until it sells out. This model comes in a silver stainless steel case with a white band that gives it a premium look and includes a one-year Apple limited warranty. Plus, Prime members get free standard shipping (while non-Prime users pay $6); note that shipping is not available to Alaska, Hawaii, PO boxes, or APO addresses. Apple Watch Series 8 (GPS + Cellular, 45mm) $329.99 at Woot $749.00 Save $419.01 Get Deal Get Deal $329.99 at Woot $749.00 Save $419.01 This PCMag Editors’ Choice and "Best of the Year 2022" winner smartwatch is built to handle real life, with its IP6X certification making it dustproof and its WR50 water resistance rating letting you swim with it or wear it in the shower. Additionally, its always-on OLED Retina display is reportedly bright at 1,000 nits, so it’s easy to read in any lighting. Swiping and tapping on the watch feel smooth and responsive, too (without any noticeable lag), even when you're running multiple apps at the same time. That said, its battery life is where you might pause—18 hours on a full charge is standard (you can push it to 36 hours in Low Power Mode), making it good enough for most people, but if you want multi-day battery life, this won’t cut it. Also, Apple doesn’t include a power adapter, so if you don’t have a spare plug, you’ll need to grab one, which might add to your overall cost. The model isn’t just about telling time. It’s got cellular connectivity, which means you can send texts, make calls, and stream music without having your iPhone on you. It also supports Family Setup, so you can manage an Apple Watch for someone who doesn’t own an iPhone. Now, onto the health perks. The Series 8 monitors heart rate, ECG readings, and blood oxygen levels. Plus, its dual-sensor temperature tracking helps with overnight body temperature monitoring and improves cycle tracking accuracy. Safety is another big plus. Crash Detection can alert emergency services if you’re in a severe car accident and Fall Detection does the same if you take a hard tumble. It’s one of those features you hope never to need—but it’s still great to have, notes this PCMag review. View the full article

Robert F. Kennedy Jr., the controversial environmental lawyer turned public health critic, is set to find out on Tuesday if he has cleared the first hurdle to become the nation’s top health official when the Senate Finance Committee votes on his nomination. Democrats are still raising concerns about Kennedy’s potential to profit from anti-vaccine advocacy and lawsuits, but Republicans appear to be rallying behind President Donald Trump’s health secretary nominee. On Monday, North Carolina Sen. Thom Tillis, a Republican once viewed as a possible “no” vote, announced he would back Kennedy. Kennedy needs support from all but three Republicans if Democrats uniformly oppose him. What will doctor and Republican Bill Cassidy do? One key vote remains in question: Republican Sen. Bill Cassidy, a Louisiana physician who sits on the finance committee that will vote on Kennedy’s confirmation. Last week, during Kennedy’s hearings, Cassidy repeatedly implored Kennedy to reject a disproven theory that vaccines cause autism, to no avail. He ended the hearing by saying he was “struggling” with the vote. “Your past, undermining confidence in vaccines with unfounded or misleading arguments, concerns me,” Cassidy told Kennedy. On Monday evening, Cassidy told reporters that he had “very cordial” conversations with Kennedy over the weekend but was “still working through” how to handle his vote. Republican Sens. Susan Collins of Maine, Lisa Murkowski of Alaska, and Mitch McConnell of Kentucky are all seen as potential no votes, too, because they voted against Trump’s defense secretary nominee and have expressed concerns about Kennedy’s anti-vaccine work. In a CBS 60 Minutes interview that aired Sunday, McConnell declined to say how he would vote on Kennedy’s nomination but reiterated “vaccines are critically important.” Democrats still have questions for Kennedy Democrats, meanwhile, continue to raise alarms about Kennedy’s potential to financially benefit from changing vaccine guidelines or weakening federal lawsuit protections against vaccine makers if confirmed as health secretary. “It seems possible that many different types of vaccine-related decisions and communications—which you would be empowered to make and influence as Secretary—could result in significant financial compensation for your family,” Democratic Sens. Elizabeth Warren of Massachusetts and Ron Wyden of Oregon wrote in a letter sent over the weekend to Kennedy. Kennedy said he’ll give his son all of the referral fees in legal cases against vaccine makers, including the fees he gets from referring clients in a case against Merck. Kennedy told the committee he’s referred hundreds of clients to a law firm that’s suing Merck’s Gardasil, the human papillomavirus vaccine that prevents cervical cancer. He’s earned $2.5 million from the deal over the past three years. As secretary, Kennedy will oversee vaccine recommendations and public health campaigns for the $1.7 trillion agency, which is also responsible for food and hospital inspections, providing health insurance for millions of Americans, and researching deadly diseases. Who are the wild card votes? Kennedy’s allies are still holding out hope that they could entice a Democrat or two to their side. A pressure campaign has been focused on Democratic Sen. Cory Booker of New Jersey, who has expressed support for Kennedy’s push to make American foods more healthy. Pennsylvania’s Democratic Sen. John Fetterman has also been a focus, although he told Fox News Channel this weekend that the nomination was “challenging.” A Democratic-led opposition campaign, built around Kennedy’s anti-vaccine advocacy and influence in Samoa during a measles outbreak that left dozens of children and infants dead in 2019, has also narrowed in on Republican Sen. John Curtis, who represents Utah, home to one of the nation’s largest Samoan populations. Tuesday’s vote is just the start The Senate finance committee, made up of 25 senators, will vote on whether to recommend Kennedy for a vote on the Senate floor, where all 100 senators will have the chance to vote on the nomination. The committee vote will be a strong indicator of where things are headed for Kennedy, but it’s not necessarily the final word. Even if the committee votes against his confirmation—seemingly unlikely—Senate Majority Leader John Thune, R-S.D., could still push for a floor vote. If Kennedy gets the committee’s recommendation, he could still have work to do to win over Collins, Murkowski, and McConnell. Cassidy also could potentially vote against Kennedy’s final confirmation even if he votes in favor of him Tuesday. What is ‘MAHA’? Kennedy, a longtime Democrat, ran for president but withdrew last year to throw his support to Trump in exchange for an influential job in his Republican administration. Together, they have forged a new and unusual coalition made up of conservatives who oppose vaccines and liberals who want to see the government promote healthier foods. Trump and Kennedy have branded the movement as “Make America Healthy Again.” —Amanda Seitz and Stephen Groves, Associated Press View the full article

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The different types of SBA loans present a highly beneficial avenue for those seeking necessary funding to launch or expand their business ventures. Various SBA lenders cater to the diverse requirements of businesses by providing a range of loan products, each having its unique set of terms and conditions. This comprehensive article will offer you valuable insight into the diverse SBA loan types at your disposal and will guide you in determining the ideal loan type to suit your business necessities. Types of SBA Loans When seeking small business funding from the SBA, it is important to familiarize yourself with the different types of SBA loans available from this institution. The SBA provides several loan programs tailored for business owners, each designed to meet different business needs and circumstances. Let’s take a closer look at these loans: Type of SBA LoanPrimary PurposeLoan AmountKey Benefits SBA 7(a) LoansGeneral business needsUp to $5 millionVersatile, extended repayment SBA Express LoansQuick approvalUp to $350,000Expedited process SBA 504 LoansFixed assets (real estate, equipment)$125,000 to $20 millionLarge investments, expansion SBA MicroloansSmall, short-term needsSmall amountsSuitable for limited funding needs SBA Disaster LoansDisaster reliefVariesImmediate expenses, continuity of operations SBA Community Advantage LoansBusinesses in underserved marketsVariesVersatile, community support SBA Export Working Capital LoansSupport international salesVariesExport financing, short-term working capital SBA Export Express LoansQuick funding for export operationsUp to $500,000Quick approval, short-term arrangement SBA International Trade LoansSupport international tradeVariesBroad financial support, promote global competitiveness SBA 7(A) Loans The SBA 7(a) loan program has gained immense popularity among entrepreneurs due to its flexibility and range of applications. Whether it’s working capital, business expansion, equipment purchases, or property acquisitions, these loans can cover it all. They allow a maximum loan amount of up to $5 million, and they provide an extended repayment period of up to 25 years, easing the financial burden on small businesses. SBA Express Loans SBA Express loans, unlike traditional SBA 7(a) loans, are specifically designed to expedite the loan approval process. These are an ideal option for businesses requiring immediate funding up to $350,000. They’re especially beneficial for businesses that have a strong credit history and need rapid access to capital. SBA 504 Loans SBA 504 loans are specifically designed to finance the acquisition of fixed assets, like real estate or equipment. They offer financial assistance for expansion, renovation, or new construction projects. With loan amounts that range from $125,000 to a whopping $20 million, these loans cater to businesses planning substantial investments. SBA Microloans SBA microloans serve as the perfect financial solution for small businesses that need smaller amounts of funding. Typically utilized for working capital or inventory needs, these small, short-term loans are ideal for businesses that have strong credit profiles and require only a modest amount of funding to sustain their operations. SBA Disaster Loans In times of severe upheaval due to declared disasters, businesses often face immense challenges. SBA disaster loans emerge as a valuable source of financial relief in these trying circumstances. Specifically designed for businesses located in disaster-affected regions, these loans offer crucial financial assistance to address urgent needs, including repairs and the replacement of damaged equipment. Moreover, they provide crucial working capital to ensure that day-to-day business operations can continue unabated despite the prevailing crisis. SBA Community Advantage Loans SBA Community Advantage loans serve a crucial role in empowering businesses operating in underserved markets. They provide an economic boost to these businesses by offering financial support for a broad range of needs. Whether it’s securing working capital to meet immediate operational expenses, purchasing necessary equipment to enhance productivity, funding expansion initiatives for growth, or investing in property, these loans come with the flexibility to serve a multitude of business needs in marginalized communities. SBA Export Working Capital Loans If your small business is eager to expand its footprint in international markets, SBA Export Working Capital loans can be a vital source of funding. These loans, explicitly designed to cater to the financial requirements of small businesses looking to finance their international sales, can be leveraged to fund accounts receivable, maintain a steady inventory, and meet other short-term working capital needs. This program plays a pivotal role in supporting small businesses eager to tap into the lucrative opportunities in global markets. SBA Export Express Loans For businesses keen on expanding their operations by exporting goods or services, SBA Export Express loans can prove to be highly beneficial. These loans are designed to provide quick access to funding of up to $500,000, enabling businesses to seize international opportunities swiftly. They offer short-term arrangements with a maximum duration of 12 months, thereby providing a timely infusion of working capital to support export activities, promoting the growth and success of businesses in international trade. SBA International Trade Loans SBA International Trade loans are designed to boost businesses actively involved in international trade. They offer broad financial support, allowing businesses to cover a wide array of expenses, including but not limited to securing working capital, financing exports, and purchasing necessary equipment and real estate. These loans are instrumental in enabling businesses to seize global opportunities, leading to increased competitiveness and profitability in international markets. READ MORE: SBA Ignite Seeks to Connect Small Business Owners with SBA Loans What Is an SBA Loan? The Small Business Administration (SBA), a federal agency, is committed to extending its support to small businesses through lending and other forms of assistance. Numerous loan programs are offered by the SBA, which are distributed through lenders who have formed partnerships with the agency. These loans have a government-backed assurance where the SBA guarantees a specific part of the loan to the lender in case the borrower defaults. This guarantee facilitates the lender’s approval process for small business loans, thus promoting easier access to funding for businesses. READ MORE: SBA Ignite Seeks to Connect Small Business Owners with SBA Loans Why You Should Consider an SBA Loan for Your Small Business SBA-backed loans pose distinct advantages to small business owners when compared to conventional bank loans. This powerful financial tool can potentially transform your business prospects, providing you with much-needed funding and flexibility. Here are five potent reasons why procuring a loan from the SBA should be a consideration for the financial progression of your small enterprise: Lower interest rates. SBA loans typically have lower interest rates than traditional bank loans. You can use this loan to refinance debt, which can save you money on interest and help you get out of debt faster. Longer repayment terms. They tend to have longer repayment terms than traditional bank loans. This means that you will have more time to pay off the loan and lower monthly payments. More flexible eligibility requirements. SBA loans often have more flexible eligibility requirements than traditional bank loans. Loan proceeds can be used for a wider range of purposes, and businesses with less-than-perfect credit may still qualify. No collateral is required. Many SBA loans do not require collateral, making them a good option for businesses that do not have the assets to use as collateral. The government guarantees a portion of the loan. Because of the guarantee by the SBA on a portion of the loan, lenders are more likely to approve your loan request versus a traditional bank loan. How To Qualify for SBA Business Loans Qualifying for a small business loan through the SBA can be a lengthy process. Let’s discuss some of the basic qualifications for SBA loan programs: Good credit history. In order to qualify for an SBA business loan, you will need to have a good credit history. This means that you will need a minimum FICO score based on the specific loan you’re applying for. Ability to repay the loan. Lenders will also want to see that you have the ability to repay the loan. This means that you will need to have a strong business plan and financials. Business location. Your business must operate in the United States or its territories in order to qualify for this type of loan. Reason for the loan. You must use the loan proceeds for business purposes which include working capital, inventory, equipment, real estate, and more. RELATED VIDEO: What Is The Most Common SBA Loan? Among the diverse range of SBA loan programs available, the 7(a) loan program is arguably the most prevalent. This program offers an array of financial solutions tailored for businesses requiring resources for varied purposes such as working capital, equipment financing, or real estate financing. What makes these loans particularly appealing is their interest rate, which typically stands lower than the rates imposed by commercial banking entities, making it a more affordable alternative for small businesses seeking financial aid. Do SBA Loans Have to Be Paid Back? Indeed, types of SBA loans require repayment, just like any other loan. However, it is crucial to fully understand the terms and conditions of an SBA loan before deciding to borrow. A defining feature of types of SBA loans is their interest rates, which tend to be lower than those offered by conventional commercial lenders. In the unfortunate event of a borrower defaulting on the loan, the lending institution is permitted to seek reimbursement from the borrower’s personal guarantors. Any personal guarantee given may be backed either partially or entirely by collateral, adding another layer of security for the lender. How Do You Apply for an SBA Loan? Embarking on the SBA loan application process can appear somewhat daunting and lengthy to the uninitiated. As a first step, reach out to your local SBA office or an SBA-endorsed lender for guidance. Once a suitable lender is found, the next step is to fill out an application form and provide the necessary documentation, including business financial records and tax returns. After you submit your application, the lender will forward it to the SBA for their review and approval. Once your application is approved, you will need to sign a promissory note and provide collateral for the loan, confirming your commitment to repay it according to the agreed-upon terms. Conclusion Navigating the world of Small Business Administration (SBA) loans and programs is a crucial step for entrepreneurs and small business owners seeking financial support and growth opportunities. This FAQ guide has shed light on the fundamentals of SBA loans, their benefits, eligibility criteria, loan types, and the application process. SBA loans are a valuable resource for businesses of all sizes, providing access to funding with lower interest rates, longer repayment terms, and flexible eligibility requirements. These loans cover a spectrum of needs, from working capital and equipment financing to international expansion and disaster recovery. The SBA 7(a) loan program stands out as a versatile and widely utilized option due to its affordability and adaptability. However, businesses should explore other SBA loan programs to find the one best suited to their specific goals. It’s important to keep in mind that SBA loans, similar to other financial products, must be repaid. However, the SBA’s involvement in guaranteeing a portion of the loan lowers the risk for lenders, which in turn makes these types of SBA loans more accessible. When applying for an SBA loan, potential borrowers should gather their credit history, financial records, and a detailed business plan. Working together with an SBA-approved lender and the local SBA office can simplify the application process and enhance the chances of approval. Ultimately, types of SBA loans enable small businesses to pursue growth, innovation, and resilience. By taking advantage of these loans and grasping the complexities involved, entrepreneurs can create a clear path to realizing their business goals. As the economic landscape evolves and small businesses continue to play a vital role in driving innovation and employment, SBA loans remain a cornerstone of support for those with the vision and determination to succeed. Whether you’re starting a new venture or expanding an existing one, the SBA’s diverse array of loan programs is there to help you realize your entrepreneurial dreams and contribute to the growth of the small business ecosystem. Explore the opportunities, harness the benefits, and embark on your journey to business success with the valuable resources provided by the Small Business Administration and its loan programs. READ MORE: How to Get a Small Business Loan Small Business Financing Options How to Get an SBA Loan Image: Envato Elements This article, "Types of SBA Loans" was first published on Small Business Trends View the full article

The different types of SBA loans present a highly beneficial avenue for those seeking necessary funding to launch or expand their business ventures. Various SBA lenders cater to the diverse requirements of businesses by providing a range of loan products, each having its unique set of terms and conditions. This comprehensive article will offer you valuable insight into the diverse SBA loan types at your disposal and will guide you in determining the ideal loan type to suit your business necessities. Types of SBA Loans When seeking small business funding from the SBA, it is important to familiarize yourself with the different types of SBA loans available from this institution. The SBA provides several loan programs tailored for business owners, each designed to meet different business needs and circumstances. Let’s take a closer look at these loans: Type of SBA LoanPrimary PurposeLoan AmountKey Benefits SBA 7(a) LoansGeneral business needsUp to $5 millionVersatile, extended repayment SBA Express LoansQuick approvalUp to $350,000Expedited process SBA 504 LoansFixed assets (real estate, equipment)$125,000 to $20 millionLarge investments, expansion SBA MicroloansSmall, short-term needsSmall amountsSuitable for limited funding needs SBA Disaster LoansDisaster reliefVariesImmediate expenses, continuity of operations SBA Community Advantage LoansBusinesses in underserved marketsVariesVersatile, community support SBA Export Working Capital LoansSupport international salesVariesExport financing, short-term working capital SBA Export Express LoansQuick funding for export operationsUp to $500,000Quick approval, short-term arrangement SBA International Trade LoansSupport international tradeVariesBroad financial support, promote global competitiveness SBA 7(A) Loans The SBA 7(a) loan program has gained immense popularity among entrepreneurs due to its flexibility and range of applications. Whether it’s working capital, business expansion, equipment purchases, or property acquisitions, these loans can cover it all. They allow a maximum loan amount of up to $5 million, and they provide an extended repayment period of up to 25 years, easing the financial burden on small businesses. SBA Express Loans SBA Express loans, unlike traditional SBA 7(a) loans, are specifically designed to expedite the loan approval process. These are an ideal option for businesses requiring immediate funding up to $350,000. They’re especially beneficial for businesses that have a strong credit history and need rapid access to capital. SBA 504 Loans SBA 504 loans are specifically designed to finance the acquisition of fixed assets, like real estate or equipment. They offer financial assistance for expansion, renovation, or new construction projects. With loan amounts that range from $125,000 to a whopping $20 million, these loans cater to businesses planning substantial investments. SBA Microloans SBA microloans serve as the perfect financial solution for small businesses that need smaller amounts of funding. Typically utilized for working capital or inventory needs, these small, short-term loans are ideal for businesses that have strong credit profiles and require only a modest amount of funding to sustain their operations. SBA Disaster Loans In times of severe upheaval due to declared disasters, businesses often face immense challenges. SBA disaster loans emerge as a valuable source of financial relief in these trying circumstances. Specifically designed for businesses located in disaster-affected regions, these loans offer crucial financial assistance to address urgent needs, including repairs and the replacement of damaged equipment. Moreover, they provide crucial working capital to ensure that day-to-day business operations can continue unabated despite the prevailing crisis. SBA Community Advantage Loans SBA Community Advantage loans serve a crucial role in empowering businesses operating in underserved markets. They provide an economic boost to these businesses by offering financial support for a broad range of needs. Whether it’s securing working capital to meet immediate operational expenses, purchasing necessary equipment to enhance productivity, funding expansion initiatives for growth, or investing in property, these loans come with the flexibility to serve a multitude of business needs in marginalized communities. SBA Export Working Capital Loans If your small business is eager to expand its footprint in international markets, SBA Export Working Capital loans can be a vital source of funding. These loans, explicitly designed to cater to the financial requirements of small businesses looking to finance their international sales, can be leveraged to fund accounts receivable, maintain a steady inventory, and meet other short-term working capital needs. This program plays a pivotal role in supporting small businesses eager to tap into the lucrative opportunities in global markets. SBA Export Express Loans For businesses keen on expanding their operations by exporting goods or services, SBA Export Express loans can prove to be highly beneficial. These loans are designed to provide quick access to funding of up to $500,000, enabling businesses to seize international opportunities swiftly. They offer short-term arrangements with a maximum duration of 12 months, thereby providing a timely infusion of working capital to support export activities, promoting the growth and success of businesses in international trade. SBA International Trade Loans SBA International Trade loans are designed to boost businesses actively involved in international trade. They offer broad financial support, allowing businesses to cover a wide array of expenses, including but not limited to securing working capital, financing exports, and purchasing necessary equipment and real estate. These loans are instrumental in enabling businesses to seize global opportunities, leading to increased competitiveness and profitability in international markets. READ MORE: SBA Ignite Seeks to Connect Small Business Owners with SBA Loans What Is an SBA Loan? The Small Business Administration (SBA), a federal agency, is committed to extending its support to small businesses through lending and other forms of assistance. Numerous loan programs are offered by the SBA, which are distributed through lenders who have formed partnerships with the agency. These loans have a government-backed assurance where the SBA guarantees a specific part of the loan to the lender in case the borrower defaults. This guarantee facilitates the lender’s approval process for small business loans, thus promoting easier access to funding for businesses. READ MORE: SBA Ignite Seeks to Connect Small Business Owners with SBA Loans Why You Should Consider an SBA Loan for Your Small Business SBA-backed loans pose distinct advantages to small business owners when compared to conventional bank loans. This powerful financial tool can potentially transform your business prospects, providing you with much-needed funding and flexibility. Here are five potent reasons why procuring a loan from the SBA should be a consideration for the financial progression of your small enterprise: Lower interest rates. SBA loans typically have lower interest rates than traditional bank loans. You can use this loan to refinance debt, which can save you money on interest and help you get out of debt faster. Longer repayment terms. They tend to have longer repayment terms than traditional bank loans. This means that you will have more time to pay off the loan and lower monthly payments. More flexible eligibility requirements. SBA loans often have more flexible eligibility requirements than traditional bank loans. Loan proceeds can be used for a wider range of purposes, and businesses with less-than-perfect credit may still qualify. No collateral is required. Many SBA loans do not require collateral, making them a good option for businesses that do not have the assets to use as collateral. The government guarantees a portion of the loan. Because of the guarantee by the SBA on a portion of the loan, lenders are more likely to approve your loan request versus a traditional bank loan. How To Qualify for SBA Business Loans Qualifying for a small business loan through the SBA can be a lengthy process. Let’s discuss some of the basic qualifications for SBA loan programs: Good credit history. In order to qualify for an SBA business loan, you will need to have a good credit history. This means that you will need a minimum FICO score based on the specific loan you’re applying for. Ability to repay the loan. Lenders will also want to see that you have the ability to repay the loan. This means that you will need to have a strong business plan and financials. Business location. Your business must operate in the United States or its territories in order to qualify for this type of loan. Reason for the loan. You must use the loan proceeds for business purposes which include working capital, inventory, equipment, real estate, and more. RELATED VIDEO: What Is The Most Common SBA Loan? Among the diverse range of SBA loan programs available, the 7(a) loan program is arguably the most prevalent. This program offers an array of financial solutions tailored for businesses requiring resources for varied purposes such as working capital, equipment financing, or real estate financing. What makes these loans particularly appealing is their interest rate, which typically stands lower than the rates imposed by commercial banking entities, making it a more affordable alternative for small businesses seeking financial aid. Do SBA Loans Have to Be Paid Back? Indeed, types of SBA loans require repayment, just like any other loan. However, it is crucial to fully understand the terms and conditions of an SBA loan before deciding to borrow. A defining feature of types of SBA loans is their interest rates, which tend to be lower than those offered by conventional commercial lenders. In the unfortunate event of a borrower defaulting on the loan, the lending institution is permitted to seek reimbursement from the borrower’s personal guarantors. Any personal guarantee given may be backed either partially or entirely by collateral, adding another layer of security for the lender. How Do You Apply for an SBA Loan? Embarking on the SBA loan application process can appear somewhat daunting and lengthy to the uninitiated. As a first step, reach out to your local SBA office or an SBA-endorsed lender for guidance. Once a suitable lender is found, the next step is to fill out an application form and provide the necessary documentation, including business financial records and tax returns. After you submit your application, the lender will forward it to the SBA for their review and approval. Once your application is approved, you will need to sign a promissory note and provide collateral for the loan, confirming your commitment to repay it according to the agreed-upon terms. Conclusion Navigating the world of Small Business Administration (SBA) loans and programs is a crucial step for entrepreneurs and small business owners seeking financial support and growth opportunities. This FAQ guide has shed light on the fundamentals of SBA loans, their benefits, eligibility criteria, loan types, and the application process. SBA loans are a valuable resource for businesses of all sizes, providing access to funding with lower interest rates, longer repayment terms, and flexible eligibility requirements. These loans cover a spectrum of needs, from working capital and equipment financing to international expansion and disaster recovery. The SBA 7(a) loan program stands out as a versatile and widely utilized option due to its affordability and adaptability. However, businesses should explore other SBA loan programs to find the one best suited to their specific goals. It’s important to keep in mind that SBA loans, similar to other financial products, must be repaid. However, the SBA’s involvement in guaranteeing a portion of the loan lowers the risk for lenders, which in turn makes these types of SBA loans more accessible. When applying for an SBA loan, potential borrowers should gather their credit history, financial records, and a detailed business plan. Working together with an SBA-approved lender and the local SBA office can simplify the application process and enhance the chances of approval. Ultimately, types of SBA loans enable small businesses to pursue growth, innovation, and resilience. By taking advantage of these loans and grasping the complexities involved, entrepreneurs can create a clear path to realizing their business goals. As the economic landscape evolves and small businesses continue to play a vital role in driving innovation and employment, SBA loans remain a cornerstone of support for those with the vision and determination to succeed. Whether you’re starting a new venture or expanding an existing one, the SBA’s diverse array of loan programs is there to help you realize your entrepreneurial dreams and contribute to the growth of the small business ecosystem. Explore the opportunities, harness the benefits, and embark on your journey to business success with the valuable resources provided by the Small Business Administration and its loan programs. READ MORE: How to Get a Small Business Loan Small Business Financing Options How to Get an SBA Loan Image: Envato Elements This article, "Types of SBA Loans" was first published on Small Business Trends View the full article

China countered President Donald Trump’s across-the-board tariffs on Chinese products with tariffs on select U.S. imports Tuesday, as well as announcing an antitrust investigation into Google and other trade measures. U.S. tariffs on products from Canada and Mexico were also set to go into effect Tuesday before Trump agreed to a 30-day pause as the two countries acted to appease his concerns about border security and drug trafficking. Trump planned to talk with Chinese President Xi Jinping in the next few days. The Chinese response was “measured,” said John Gong, a professor at the University of International Business and Economics in Beijing. “I don’t think they want the trade war escalating,” he said. “And they see this example from Canada and Mexico and probably they are hoping for the same thing.” This isn’t the first round of tit-for-tat actions between the two countries. China and the U.S. had engaged in a trade war in 2018 when Trump raised tariffs on Chinese goods and China responded in kind. This time, analysts said, China is much better prepared to counter, with the government announcing a slew of measures that cut across different sectors of the economy, from energy to individual U.S. companies. Counter tariffs China said it would implement a 15% tariff on coal and liquefied natural gas products as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the U.S. The tariffs would take effect next Monday. “The U.S.’s unilateral tariff increase seriously violates the rules of the World Trade Organization,” the State Council Tariff Commission said in a statement. “It is not only unhelpful in solving its own problems, but also damages normal economic and trade cooperation between China and the U.S.” The impact on U.S. exports may be limited. Though the U.S. is the biggest exporter of liquid natural gas globally, it does not export much to China. In 2023, the U.S. exported 173,247 million cubic feet of LNG to China, representing about 2.3% of total natural gas exports, according to the U.S. Energy Information Administration. China imported only about 700,000 cars overall last year, and the leading importers are from Europe and Japan, said Bill Russo, the founder of the Automobility Limited consultancy in Shanghai. Further export controls on critical minerals China announced export controls on several elements critical to the production of modern high-tech products. They include tungsten, tellurium, bismuth, molybdenum and indium, many of which are designated as critical minerals by the U.S. Geological Survey, meaning they are essential to U.S. economic or national security that have supply chains vulnerable to disruption. The export controls are in addition to ones China placed in December on key elements such as gallium. “They have a much more developed export control regime,” Philip Luck, an economist at the Center for Strategic and International Studies and former State Department official, said at a panel discussion on Monday. “We depend on them for a lot of critical minerals: gallium, germanium, graphite, a host of others,” he said. “So … they could put some significant harm on our economy.” The response from China appears calculated and measured, said Stephen Dover, chief market strategist and head of the Franklin Templeton Institute, a financial research firm. However, he said, the world is bracing for further impact. “A risk is that this is the beginning of a tit-for-tat trade war, which could result in lower GDP growth everywhere, higher U.S. inflation, a stronger dollar and upside pressure on U.S. interest rates,” Dover said. US companies also impacted In addition, China’s State Administration for Market Regulation said Tuesday it is investigating Google on suspicion of violating antitrust laws. The announcement did not mention the tariffs but came just minutes after Trump’s 10% tariffs on China were to take effect. It is unclear how the probe will affect Google’s operations. The company has long faced complaints from Chinese smartphone makers over its business practices surrounding the Android operating system, Gong said. Otherwise, Google has a limited presence in China, and its search engine is blocked in the country like most other Western platforms. Google exited the Chinese market in 2010 after refusing to comply with censorship requests from the Chinese government and following a series of cyberattacks on the company. Google did not immediately comment. The Commerce Ministry also placed two American companies on an unreliable entities list: PVH Group, which owns Calvin Klein and Tommy Hilfiger, and Illumina, which is a biotechnology company with offices in China. The listing could bar them from engaging in China-related import or export activities and from making new investments in the country. Beijing began investigating PVH Group in September last year over “improper Xinjiang-related behavior” after the company allegedly boycotted the use of Xinjiang cotton. Putting these U.S. companies on the unreliable entities list is “alarming” because it shows that the Chinese government is using the list to pressure U.S. companies to take a side, said George Chen, managing director for The Asia Group, a Washington D.C.-headquartered business policy consultancy. “It’s almost like telling American companies, what your government is doing is bad, you need to tell the government that if you add more tariffs or hurt U.S.-China relations at the end of the day it’ll backfire on American companies,” Chen said. Wu reported from Bangkok. AP writers Zen Soo in Hong Kong and Christopher Bodeen in Taipei, Taiwan, contributed to this report. —Ken Moritsugu and Huizhong Wu, Associated Press View the full article