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If you’re a woman, and you own a small business or are thinking of starting-up a small business, you should contact the U.S. Small Business Administration (SBA). SBA’s Office of Women’s Business Ownership In 1979, the SBA established the Office of Women’s Business Ownership (OWBO) to foster women entrepreneurs in our economy. OWBO reaches out to […]
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Many volunteer Board of Directors know the challenging responsibilities of managing a condominium/homeowner association. Staying on top of board duties and balancing work and family life can become difficult for some members. This is akin to running a small business enterprise. Below are some useful tips for effective HOA Governance. Review governing documents Knowing and […]
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Most Small Business Owners (SBOs) rely on confidantes or advisors to consult with when making a critical business decision. But how do they determine who is an advisor? For some, a paid partner like an accountant or an attorney makes the most sense. Often SBOs like to talk about their situation with a few different […]
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As part of its commitment to provide customers with practical business solutions, Webster Bank periodically hosts Recess, an invite-only forum designed exclusively for small and commercial business leaders. It invites them to explore, connect, and progress to power their business forward. Are you overlooking your most important resources? Months-long pandemic. Business shutdowns. Mandatory quarantines. Social […]
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The coronavirus pandemic has affected businesses all over the world Ð some hindered, some helped Ð but nevertheless affected in some way. As 2020 winds down, that’s a sobering fact to consider. But it can also provide motivation to conduct a thorough and thoughtful review of your business and financial position. With still so much […]
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Last year, the pandemic and subsequent business restrictions and supply chain interruptions stressed cash flow streams for many businesses. In fact, a recent survey states that the “interruption to cash flow” was the greatest problem experienced by businesses. So, now that many businesses have reopened across the region and states have largely dropped restrictions, assessing […]
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As a small business owner, you may be tempted to not concern yourself with performance data outside of your P&L. If numbers are moving in the right direction, slowing down to ascertain your company’s health may seem unnecessary—especially when daily operations and new project plans leave you with little time for much else. But if […]
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We all have to make hundreds of decisions every day. And, the quality of our decisions determines how successful we will be both at work and at home. While most of us believe that making objective, metrics-based decisions will lead to superior outcomes, the truth is that most decisions are actually made emotionally. It takes […]
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As a business owner, focusing on the big picture is a priority. Business administration often takes a back seat to generating revenue and managing client needs. And, that’s what fraudsters count on. They use your distraction to their advantage. It only takes a few moments for fraudsters to identify vulnerable areas within an organization. Owners […]
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Continued economic growth and recovery bodes well for the regionÕs businesses. Although not as robust as 2021, economic activity is forecasted to remain positive this year. Already, data and statistics compiled for Q3 2021 give businesses several reasons to be optimistic going forward. In Connecticut: The Department of Labor reports: The unemployment rate continues to […]
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