According to the Bureau of Labor Statistics, small businesses contributed 55% of total net job creation from 2013 to 2023. However, maintaining a small business remains a complex endeavor. Elizabeth Gore, co-founder and president of Hello Alice, shares insights for aspiring entrepreneurs and tips for small business success.
Mr. Gore’s key recommendations include cash flow diversification and strategic management of financial resources. She advises small business owners to be smart about business credit, seek grants, take advantage of SBA loan programs, and ultimately encourages entrepreneurs to “start with more capital.” I encourage it.
To address recruitment challenges, Gore advises, “Get out there and be active in your community before you open the door.” By fostering local relationships and networks, business owners can build a pipeline of potential talent and increase early awareness of job opportunities in a competitive job market.
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This post was written by Angel Smith
