GoKawiil
Tech News
A business owner writing for Entrepreneur shares lessons from years of hiring relatives, noting a report that found over 40% of small businesses employ family members. The author recounts a personal case where a relative's abrupt, poorly explained departure damaged both the business and family relationships long after the job ended.
A contributor for Entrepreneur outlines three digital strategies small business owners can use to grow despite limited resources: prioritizing tools based on efficiency, reach, and customer engagement, using analytics to refine spending, and building a proactive digital roadmap instead of reacting piecemeal to new tools. The piece cites Small Business Administration data showing small businesses make up 43.5% of U.S. GDP and employ over 62 million people, alongside Bank of America Institute figures showing rising small-business spending on tech and AI tools.
An Entrepreneur contributor argues that small business owners often wait until filing season to think about taxes, when the real savings opportunities have already passed. The piece recommends forming an LLC early so owners can later elect S-Corp or other tax treatments, since such elections only apply to an entity that already exists.