Shopify president: Small businesses in America are the backbone of the economy

The president of one business has his sights focused firmly on big success for small businesses in America — and his firm has a lot to do with it. 

Harley Finkelstein, who runs Shopify, told FOX Business in an interview this week, “It’s quite clear, especially post-pandemic, that small businesses are the backbone of the entire economy. They’re very, very important.”

In the past few years, Finkelstein, who is based in Canada, said that the United States and indeed the world has seen that “the only constant in commerce

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Fintech start-up closes trade finance gap for small businesses

Greg Karpovsky had a formative experience at university that would inspire the creation of Stenn, an online platform providing working capital to international suppliers. He was studying at Moscow State in the 1990s when Jack Welch, then chair and chief executive of the conglomerate GE, visited to give a lecture.

The young Karpovsky asked Welch what line of business he should consider — markets were rapidly opening up in eastern Europe and he was already a keen entrepreneur.

Welch’s response was to focus on commercial finance. And that set Karpovsky on his journey to creating Stenn.

His first venture, Eurokommerz,

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6 Data Management Strategies for Small Businesses

Image: UX Indonesia/Unsplash

Before implementing processes, solutions and policies, effective data management for small businesses begins with defining a business’s data goals. Understanding what all your departments and teams plan to do with data enables you to utilize it in a way that provides real value to your business.

SEE: Data governance checklist for your organization (TechRepublic Premium)

It is especially crucial for smaller businesses to be thoughtful about their data management strategy if they want to grow and remain competitive in their respective markets. To get started with an effective data management strategy, consider the following data management tips,

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NYC Department Of Small Business Services Announces Formation Of Small Business Advisory Commission

The NYC Department of Small Business Services (SBS) today announced the formation of the Small Business Advisory Commission.

The Commission, which meets today for the first time, builds on Mayor Eric Adams’ commitment to forge strong partnerships with the City’s business community and slash through regulatory barriers to accelerate the economic recovery. Mayor Adams established the Commission in Executive Order 15 to improve the regulatory ecosystem impacting small businesses, outlined in the Mayor’s economic recovery plan, “Rebuild, Renew, Reinvent: A Blueprint for New York City Economic Recovery.  

The Commission will deliver input on new policies, laws, and regulations, as

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There’s still ‘billions of dollars in relief’ available for small businesses: SBA administrator

Small businesses in America can still capitalize on the pandemic stimulus program offered by the federal government, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman told Yahoo Finance in a new interview.

“We still have billions of dollars in relief in our COVID idle program,” said Guzman, who began her term under President Joe Biden in March after serving as the Director of the California Office of the Small Business Advocate.

The SBA initiatives — including the $953-billion Paycheck Protection Program (PPP), the Restaurant Revitalization Fund, the Shuttered Venue Operators Grant (SVOG), and Economic Injury Disaster loans — were

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Facebook teams up with Indian firm to help provide loans to small businesses

NEW DELHI, Aug 20 (Reuters) – Facebook (FB.O) is partnering with an Indian online lending firm to help provide loans to small domestic businesses, its country head said on Friday, as part of a push to bring more businesses to advertise on its platform.

The social media giant is joining hands with Indifi to help provide loans ranging from 500,000 rupees to 5,000,000 rupees ($6,719-$67,191) at annual interest rates of up to 20%, Ajit Mohan, Facebook India’s managing director, told a virtual news conference.

Facebook said it would pay off to bolster the small business economy in India as these

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Personal loans for small business: What to know

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own.

Personal loans enable you to launch or grow your business, and are a great option if you don’t qualify for a small-business loan. (iStock)

If you don’t meet the strict rules and eligibility requirements that banks have in place for a business loan, a personal loan can help you

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