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3 Business-Building Tips for 2022: Spend, Save, Give

As the end of the year approaches, it is a great time for small business owners to reflect on their business goals for the upcoming year. Keep reading for 3 ways you can resolve to build a stronger, more prosperous business in 2022:

  1. Spend

Use your profits wisely and invest in adding value to your business. Paying a little extra for great and reliable employees is a good start. Employees are the base of a strong and long running business and are an invaluable investment. Provide extra training or benefits to promote better performance and loyalty.

Invest in a piece of better equipment or other essentials to improve the quality of your product or service. Market and promote your business by boosting posts on social media and enhancing your online presence to reach a larger target audience. Check out more small business marketing tips here.

  1. Save

A successful business is more than a profitable business; a successful business should be a money saving one-too. Small businesses should aim for savings that can cover 3 months of the businesses’ expenses in case of an emergency, etc. One easy tip for saving is to make sure everything you spend money on for your business has a purpose. The investment/purchase should be cost-effective, it should bring return on investment, and be multi-functional. In following this process, you will save money every time. Learn more about budgeting and saving here.

  1. Give

Build a positive relationship with your businesses’ community by giving back.  Not only will you be helping to make the community a better place, but your charitable actions will set you apart from larger corporations. Donating to a local charity or cause is also a way to engage with your employees and inspire positive company culture, promoting employee retention in today’s economy.

The Southern Opportunity And Resilience (SOAR) Fund provides 4% loans up to $100,000 to small businesses and nonprofits to navigate and rebuild from COVID-19.  Businesses qualify located in Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia and the District of Columbia. Learn More 

0% loans up to $50,000 with only $25 monthly payments for the first 12 months for restaurants dedicated to creating safe and equitable work environments for their employees.  Must be located in CA, FL, GA, DC, IL, LA, MA, MI, NY, OH, PA, TX, or WA.  Learn More

The New York State Office of Children and Family Services (OCFS) is currently accepting applications for child care stabilization grants. Eligible recipients include Day Care providers, School Age Child Care providers, Family Day Care Centers, and Group Family Day Care providers. The deadline to apply for funding is 11/30/2021. Learn More

The pandemic has impacted all our communities, but it has been especially hard on Washington’s smallest businesses and nonprofits. Supported by the Washington State Department of Commerce, the Small Business Flex Fund is designed to help small business owners and nonprofits access funds at a competitive interest rate so they can bounce back stronger than ever. Learn More

Personal Finance Coaching where and when you need it: One-on-one personal finance coaching is available to you through our partnership with TrustPlus, a national nonprofit with three decades of experience supporting clients on paths to financial health.

Visit or text Ascend to (646) 349-5959 to get started. Together with your expert coach you will:

  • Create a personalized plan to strengthen your credit and manage debt to qualify for the best financial products and terms
  • Talk on an ongoing basis with an expert coach via phone, video chat, or text
  • Review your FICO score and credit report

From debt reduction and savings to student loans and budgeting, TrustPlus personal finance coaches are a judgement-free resource to help take your personal finances to the next level.

Sign up today!

The New York Public Library’s Thomas Yoseloff Business Center​’s Annual New York StartUP! Business Plan Competition provides Manhattan, Bronx, and Staten Island-based startup entrepreneurs with the opportunity to win seed money. Grant awards include $15,000 for the first place winner and $7,500 for the runner up. Click here for more information and to applyApplications are due by January 31st, 2022.

Small Business Expo is a networking & educational event for Small Business Owners & Entrepreneurs. Come join other passionate Orlando and Miami Business Owners and learn how to increase revenue & grow your business. The expo is free to attend and virtual sessions are available.

SBE Orlando

December 9th, 2021

10AM – 5PM EST

Rosen Plaza Hotel

SBE Miami

December 16th, 2021

Hilton Miami Downtown

Tuesday, December 7th at 6PM EST. This seminar will allow you to learn how to organize your business finances, establish financial planning, and avoid common mistakes that business owners make when accessing loans. You will also learn how organizations like Prospera and Ascendus can help you access capital to start or scale your business. This seminar is presented by Bank of America in collaboration with Prospera and Ascendus. Register here:

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