Key Harrington Barnes, PC

January 2016 Archives

Big companies loaning money to small business owners

Small business owners in Texas may not know that large, established companies are offering small business loans. The owner of a small business called Simple & Crisp borrowed a total of $87,000 from Whole Foods Market after the company offered to sell her dried fruit crackers in its stores.

Reasons why businesses fail

Launching a business is a challenging experience that ends in failure for far too many entrepreneurs in Texas. In fact, 30 percent of all new businesses around the country are unsuccessful and close within their initial two years. Half close within five years of starting, and nearly two-thirds fail sometime within their initial 10 years, according to a recent report by the Small Business Administration.

New Year's resolutions for businesses

As the calendar turns to a new year, many Texas residents start making personal New Year's resolutions like losing weight and quitting smoking. Texas business owners may want to consider making some resolutions that apply to their companies as well. It can be a great time to implement some positive changes in a business that could lead to increased profits.