Business articles and lessons are usually written about high-powered leaders of industries or key figures in multinational companies. We celebrate their intelligence, courage and self-confidence with good reason. They represent examples we can follow to improve our own lives.
Small business owners learn all the same lessons without any of the fanfare. Their successes and failures are more pronounced in their own lives and the lives of their families.
RINCON, Puerto Rico — Statton Davis planned to turn 17 in style.
The well-planned celebration included a friend-centered party, a vintage turntable, some classic rock vinyl and new snowmobile gear that he picked out long before his Dec. 2 birthday.
Instead, the Cache County teen marked his birthday with his dad, scrambling across battered tin roofs in Puerto Rico, converting orange buckets into water filtration systems — and learning a life lesson that all that stuff he thought was important might not really matter at all.
LAS MARIAS, Puerto Rico – Luis Barreto saw the orange buckets strapped to the roof of a slow-moving minivan and cried out for help.
Northern Utah businessman Ben Davis had slowed the rented van crammed with relief supplies and volunteers from Utah as he considered if the GPS was leading them astray, once again, as they navigated the narrow, mountain roads of Las Marias, a rural community about 80 miles west of San Juan.
Solar power is one of the fastest growing sources of energy in the world. What was once a niche market in alternative energy is now a mainstream source of electricity, and anticipated to continue growing in both capacity and jobs for the foreseeable future.
I often get questions from small business owners about their business credit. What is it, and what is it used for? In fact, many of the business owners I speak to don’t know their business credit score or that they even have one. Let me break it down: business credit reports are based on business demographics, public records, trade payment history, financial payment history, corporate family trees and identifying information for each business level, and small business owners and/or guarantors associated with the business.
Each year we hear about the holiday growth of big companies like Walmart and Amazon, and how many billions of dollars will channel through them during the season. The National Retail Federation expects $678 billion in retail sales during November and December. Although small businesses cannot compete on the scale of industry titans, small business owners can deploy intelligent strategies to ensure a happy and profitable holiday season.
Nelson Mandela once said, “Education is the most powerful weapon which you can use to change the world.” This holds true for every industry, whether you’re a small business in the Midwest or a tech startup in Silicon Valley. One company at the intersection of education and technology is Utah-based Instructure.
Small business loan marketplace Lendio announced it has provided more than $25,000 in loans to over 1,200 small business owners in 75 countries around the world through its employee-based Lendio Gives program in partnership with Kiva.
Lendio Provides More Than $25,000 in Loans to Over 1,200 Small Business Owners Through Lendio Gives on Kiva
On Wednesday, p2p lending platform Lendio announced it has provided loans to more than 1,000 small business owners around the globe through its Lendio Gives program on Kiva. The online lender stated it gave over $25,000 in loans to over 1,200 small business owners in 75 countries.
October is National Women’s Small Business Month and a great opportunity to understand the positive impact that women make in the business world. The National Association of Women Business Owners estimates there are more than 9.1 million firms owned by women in the U.S., a number that represents about 30 percent of the country’s businesses.
When it comes to running a franchise, 95 percent of the factors for success are the same as those for a small business owner: maintaining cash flow, finding new customers and retaining quality employees, to name a few. Having the benefits of being both an entrepreneurial business owner and interdependent with your franchisor can lead to exceptional success for a franchisee.
The impact of women in businesses is significant and ever-increasing; according to the National Association of Women Business Owners, women-owned firms account for 31 percent of all privately held firms, and contribute 14 percent of employment and 12 percent of revenues. For this month’s Leadership Q&A, I had the pleasure of interviewing a prominent female role model in the technology field, Catherine Wong, chief product officer at Domo, to discuss her leadership style, what drives her, and some of the lessons she’s learned in life and business.
It takes a special person to run a franchise. You have to see the value in living at the intersection of being an independent business owner and working to build the broader franchise organization. However, at some point, the cost and risk of failure associated with the steep learning curve of starting a new business likely drove you to consider the franchise path.
Lendio is a company that matches thousands of small businesses with the financing needed to grow, recharge and thrive. It is an online marketplace, akin to Kayak, AirBnb or Yelp, but for small business loans. It’s as simple as owners filling out an application and receiving access to more than 75 lenders on the company’s platform.
Lendio announced a partnership with Ocrolus, a tech company specializing in bank statement review automation. The PerfectAudit API powered by Ocrolus analyzes uploaded bank statements with 99+% accuracy, the companies claim, replacing manual review. Ocrolus technology allows lenders, for the first time, to review every potential borrower’s bank statement data automatically, regardless of whether the borrower provides sensitive bank login credentials.
Lendio announced on Thursday it has formed a partnership with Ocrolus, the emerging company in bank statement review automation.
According to Lendio, the PerfectAudit API, powered by Ocrolus, analyzes uploaded bank statements with 99+% accuracy, replacing manual review with automation.
Natural disasters can strike at any time, and have a devastating impact on communities and small businesses. For owners, government organizations like the Small Business Administration (SBA) have been offering disaster relief since before World War II, and continue to do so today with Hurricanes Harvey and Irma. According to MarketWatch, as of last week, the SBA had received 2,117 loan applications from residents and businesses affected by Hurricane Harvey.
SOUTH JORDAN — Standing in a dirt lot behind an office building, Lendio employees craned their necks toward the sky and watched as a crane slowly lifted an old car spray-painted with BYU blue.
A moment later, the crane dropped the vehicle from more than 100 feet. The battered car crashed to the ground with a splintering crack.
Lendio CEO Brock Blake grinned as his employees cheered.
SOUTH JORDAN, Utah (ABC4 news) - Several young children got a chance to show off their big business leadership skills during the Children's Entrepreneur Market in South Jordan on Saturday.
The market was held at Noah's and several kids were hoping to win some big prize money.
Salt Lake City—Like many a commercial for internet service boasts, there’s fast, and then there’s fast.
On Tuesday, Utah Business recognized companies whose growth leaves the rest in the dust.
“In a state that is growing faster than any other, the companies in this room are the fastest of them all,” said Donnie Welch, publisher of Utah Business magazine. “Each of you are expanding and contributing to the vibrancy of our economy.”
When it comes to running a franchise, 95 percent of the factors of success are the same factors that any small business owner is thinking about: maintaining cash flow, finding new customers and retaining quality employees, to name a few. However, there is a small albeit paramount subset of issues unique to franchisees that revolves specifically around the franchisee/franchisor relationship and the co-marketing of a brand.
In order for small businesses to succeed and realize the American Dream, they need ample access to financing and working capital. That’s been my mission since I founded the Lendio business loan marketplace. A fellow player in the business lending space and a great partner of Lendio, BlueVine is also empowering small businesses by providing the funding options they need with speed, simplicity and transparency.
Utah-based financial tech company Lendio Inc. says it has arranged more than $500 million in loans to over 21,000 small businesses across the nation.
The South Jordan company takes in online applications for funding from small businesses, transmits the information to lenders selected from the 75 it works with, and then goes back to the businesses with proposed terms from those willing to fund the loans. If the business owner chooses one of the lenders, then Lendio will close the deal.
Lendio, a free online service that helps business owners find the right small business loans within minutes, announced it has helped facilitate more than $500 million in financing to more than 21,000 small businesses across the U.S.
Salt Lake City-based Fintech startup Lendio has surpassed the $500 million threshold for loans originated to U.S. small businesses through its online marketplace. Lendio has been on a tear, evidenced by the fact that much of that amount, or $488 million, was done in the past two years.