Acceler8Success Cafe Tuesday 11.10.20

How Entrepreneurs Can Spark Innovation And Digital Literacy

The economic and social impacts of the Covid-19 pandemic have hindered opportunities for countless individuals across the globe. The current state of the global economy suggests that today is not the time nor place to start a business or to pursue an entrepreneurial ambition. However, a group of young and innovative would-be entrepreneurs have found new opportunities to redefine success. Using the power of digitization and digital literacy, these new entrepreneurs are participating in the recovery of the global economy. Read more.

6 Things Remarkably Successful Entrepreneurs Do

While at Harvard, Mark Zuckerberg founded Facebook and made his first billion before reaching 30. The 35-year-old is worth $71.3 billion, $20 billion more than at the beginning of 2019. Sergey Brin and Larry Page founded Google when they were both 25. The list of successful entrepreneurs goes on and on.

Well, each entrepreneurial success story is different. It’s a constant roller coaster and there are many ups and downs. It’s impressive to think of how they got their start. These are the ones who didn’t give up instead and kept on hustling. But, what exactly are these entrepreneurs doing that make them wildly successful. Read more.

Big Hops Craft Beer Taproom was designed from inception to provide a premium craft beer experience. Big Hops franchising combines America’s rapidly growing obsession in craft beer with the power of franchising. As a business model it has a relatively low financial entry level, can be a perfect transition into franchising for new operators, and an easy addition to multi-unit portfolios. Learn more.

Why we need to bring the entrepreneurship narrative back to small-business owners

Minority-owned businesses have been hit the hardest by the virus outbreak. In April 2020, during the height of pandemic lockdowns, more than 40% of Black small-business owners reported that they weren’t able to keep working, compared to just 17% of white small-business owners. This disparity may stem from the fact that Black-owned businesses are less likely to have a traditional banking partner, so they have less access to public loans or public resources like the Paycheck Protection Program.

Small business entrepreneurs are often women and people of color, and I doubt it’s a coincidence that those are also the groups who least often receive venture capital funding. When we widen the lens on entrepreneurship, we see that these groups aren’t waiting on VC investments to start being entrepreneurial. In fact, women of color start new businesses at a far faster rate than any other demographic group. Read more.

Over the next few weeks leading up to #SmallBusinessSaturday we’ll be posting photos like the one below to continue to create awareness that franchises are small business just like Mom & Pop businesses on Any Street, USA. And, just like those independent business owners, franchise owners take entrepreneurial risk, invest their life savings, work long hours, give back to their local communities, compete with big box retailers and much more. Please help in this cause by sharing these posts across social media. #ShopSmall #ShopLocal #ShopFranchise

Funding Help Provided by Pioneers in The Industry

Benetrends pioneered The Rainmaker Plan®, a funding solution that makes it easy to finance your small business.  While it is our flagship product, we also offer a comprehensive suite of funding vehicles that can be used individually or in conjunction with the Rainmaker.

These offerings include: SBA Loans (97%+ loan approval success rate), Securities-Backed Lines of Credit, Equipment Leasing and conventional business loans. Learn more.

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