Small Business Startups Are Booming!
Here’s an unexpected side effect of the COVID-19 pandemic. Apparently the number of small business startups is growing at a rapid clip. According to business formation statistics from the Census Bureau, more than 5.4 million applications to start new companies...
10 Effective Ways to Adapt to the Labor Shortage — and Keep Your Business Open
Supply chain issues caused by the COVID-19 pandemic are resulting in big headaches for small businesses across the country. The COVID crisis is also at the root of this country’s worsening labor shortages that are forcing businesses to curtail their working...
Contactless Payments Are On the Rise — Are You Ready?
Contactless payments are becoming increasingly popular among consumers. Spurred by the COVID-19 crisis, a growing number of consumers are deciding against physically inserting or swiping their credit and debit cards and instead paying via contactless cards and digital...
Cash Down, Credit and Electronic Payments Up
It appears that the COVID-19 pandemic had a significant impact on how people pay for goods and services. According to the Atlanta Fed’s 2020 Diary of Consumer Payment Choice, the use of cash for payments dropped substantially in 2020, offset by a rise in...