The lifeblood of Mailchimp is its small business customers. Founded in 2001, with over 500 employees, the company says that it runs the world’s leading email marketing platform, with more than 12 million people and businesses around the world using its services, sending more than a billion emails a day.
The high cost of housing in many urban areas is causing employees to pack up and move for a location where the cost of living is more affordable. Here’s the story of one small business in the notoriously expensive Bay Area.
A survey of small business owners conducted by Harris Poll for Bank of the West found that although 82 percent say that they've put everything they have into their business, 86 percent say it's worth it.
Wells Fargo calls their rejected small business loan applicants to talk about the reason they were turned down and to coach them on how they can increase their chances of a favorable decision when they try again later on.
If you're thinking of selling your small business, there are some encouraging signs that this might be a good time. Here's a quick overview of the preparation required and how to calculate a realistic sales price:
What are some of the ways for a small business owner to obtain funds without taking on new owners? Tim Berry, guest blogger for the Small Business Administration, and also an author, business owner and Stanford MBA, offers suggestions.