2009 Redux: Business Owners Facing Economic Crisis, But for How Long?
While leaders tout a “V” shaped recovery, unfortunately, we believe this overly optimistic as suddenly shutting down an economic engine that was humming nicely will destroy some internal components. It will take some time to rebuild that engine. It WILL be rebuilt, but the challenge will be for those businesses to survive while awaiting a…
Will the Coronavirus Cause the American Economy to Catch a Cold?
Will Coronavirus impact America? Well, it’s really not a matter of if anymore, but when and how severe.
New California Law Forces Small Business to Rethink Staffing Across the Country
Both in and outside of California, small businesses will have to reconsider who it can hire as a new CA law takes effect January 2020. The law makes it harder for companies to treat workers as independent contractors. Although the law affects companies of all sizes and out-of-state businesses that use California contractors, it likely…
Why the New CA Gig Economy Restrictions May Soon Impact your State
California lawmakers just passed a bill turning ‘gig economy’ workers into employees. Critics: This is another attack on small business. Who works in the Gig Economy? Everyone. The gig economy is massive. According to the Bureau of Labor Statistics (BLS), in 2017, 55 million people, or more than 35 percent of the US workforce, were participants…
Will The Economic Balloon Endure?
According to Bloomberg the likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty. Growth in the world’s biggest economy will average 2.3% this year, down from 2.5% seen in a July survey. Gross domestic…
The Price of Business
How do we help businesses? Valcor CEO, David Sussman, just discussed our unique system to work with small and medium-sized businesses on the syndicated radio show The Price of Business. While economic indicators show some of the best numbers of our lifetimes, there are always small to medium business owners who need our help. When…
Trade War Impacting Small Business
The markets are see-sawing due to the unknown long-term impact of the trade war with China, which at this moment will saddle American businesses with tariffs on goods purchased. While diplomatic negotiations are not complete and anything can happen, the question is, who ultimately ends up paying these tariffs? Right now, certainly not China. We…
I’m Considering Becoming a “Loan Broker”.
A day does not go by that we do not receive multiple emails (spam) from loan brokers (or “consultants”) offering their services as they recently invested time and resources attending a course (in person or online) on how to offer business loans. Sadly, many of these individuals are ill-prepared to help business owners who are…
