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Citizens Launches Seventh Annual Small Business Community Champion Award Contest

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the staff of the Ridgewood blog

Providence RI, Citizens bank has opened its annual Small Business Community Champion Award Contest, which will again recognize the positive contributions small businesses make within their communities. Now in its seventh year, the contest will award $10,000 each to 30 small businesses across Citizens’ footprint, including 10 minority-owned and 10 women-owned businesses. This year, for the first time, Citizens will also set aside five of its 30 awards exclusively for veteran-owned businesses along with five other qualifying businesses. The contest is open until 5 p.m. ET on Feb. 1, 2024.

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WalletHub Study: New Jersey Is 2024’s 7th Most Difficult State to Start a Business

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the staff of the Ridgewood blog

Ridgewood NJ, with around 20% of new businesses failing within one year and inflation making entrepreneurship even more difficult, the personal-finance website WalletHub today released its report on 2024’s Best & Worst States to Start a Business to showcase the most fertile grounds for planting and growing new ventures.

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New Jersey Business & Industry Association: New Jersey Needs More Focus on Small Business

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the staff of the Ridgewood blog

Trenton NJ,  New Jersey Business & Industry Association President and CEO Michele Siekerka issued the following statement in response to today’s State of the State address by Gov. Phil Murphy.   

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NFIB’s Small Business Optimism Index remains below the 50-year Average for the 23rd Consecutive Month

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the staff of the Ridgewood blog

Ridgewood NJ, NFIB’s Small Business Optimism Index decreased 0.1 point in November to 90.6, which marks the 23rd consecutive month below the 50-year average of 98. Twenty-two percent of owners reported that inflation was their single most important problem in operating their business, unchanged from October but 10 points lower than this time last year.

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WalletHub Study: New Jersey Is the State with the 2nd Worst Unemployment Rate Change

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the staff of the Ridgewood blog

Trenton NJ, with inflation slowing but prices still relatively high and the U.S. gaining 336,000 jobs in September, WalletHub today released updated rankings for its report on Changes in Unemployment Rate by State.
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Small Steps, Big Impact: The Environmental Advantages of Sustainable Packaging in Small Business

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Packaging is a common denominator across different industries. From essential products to luxury ones, all types of businesses use packaging to market and protect their product while in transit to the final consumer. Because of this, you will find packaging everywhere – in your cupboards, shelves, trolleys, and dumpsters.

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Business Investments You Need to be Prepared For

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Every company owner needs to be prepared to spend more than their fair share of money if they want to succeed. Despite the high cost of these investments, it’s a great way to build up your assets. Furthermore, there are some investments that are mandatory to have. Thing is, you’re not sure how to go about things. In this article, we’ll be going over a few investments every business owners need to be prepared for.

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Bringing a New Business to Ridgewood, NJ — Understanding What Makes a Successful Business Idea

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From January 2021 through January 2022, over 5.8 million applications for new businesses were filed, according to Business Formation Statistics from the U.S. Census Bureau. New Jersey accounted for 177,506 of all new business applications filed nationwide over the same period, the eighth most among states. For those looking to bring a new business to Ridgewood in the near future, understanding the ins and outs of what makes a successful idea is a great place to start — from the needs of the community to a business plan and more. Continue reading Bringing a New Business to Ridgewood, NJ — Understanding What Makes a Successful Business Idea

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New Research Reveals Self-Employed Individuals Have Better Work/Life Balance, Job Satisfaction, and Less Stress

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the staff of the Ridgewood blog

Ridgewood NJ, it’s no secret that in the past three years, the lure of remote working has never been stronger – and US individuals are increasingly turning to the gig economy and self-employment in order to achieve their re-shuffled priorities.

In 2020 alone, the gig economy grew by 33% (Forbes), and that rise of self-employment and budding entrepreneurialism continues to grow in 2023 – despite data showing that self-employed individuals earn considerably less on average.

The experts at Moneyzine.com just this month released a ground breaking survey that takes a deep dive into the job satisfaction, work/life balance, stress levels, and income of self-employed individuals and employed workers across the US.

Remote work and the gig economy has been an increasingly popular topic in the past few years as the aftermath from the pandemic left millions re-shuffling their priorities.

While the individuals that are self-employed in the US may be a small pool compared to the employed workforce (16.2 million vs 160.72 million), new research from Moneyzine.com has revealed that while self-employed workers earn, on average, less than employed workers across all states in the US – they also report far higher levels of job satisfaction, a better work/life balance, and less stress overall.

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Make your business more accessible for people with disabilities with these tips

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Nowadays, businesses must make their products and services more accessible – particularly for people with disabilities. Fortunately, a range of options are available to open up your business for people with different needs. From implementing technology solutions to tailoring transitions within the store, making your space more inviting to all customers is easier than you think! This blog post will look at some simple hacks you can put into practice to make your business more accessible for everyone — including those with disabilities. Read on to learn more and start building a welcoming environment today!

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Debt Settlement for Small Business Owners: Is it a Viable Option?

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Running a small business can be rewarding, but it often comes with financial challenges. Many small business owners are burdened with debt, hindering growth and profitability. In such situations, exploring debt settlement options becomes crucial. Debt settlement is when a business negotiates with its creditors to reduce the amount owed. This article examines whether debt settlement is viable for small business owners, weighing its potential benefits and drawbacks.

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New Jersey’s Red Tape & Fees Continue to Hurt Small Businesses and Destroy New Jersey’s Business Climate

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the staff of the Ridgewood blog

Morristown NJ, New Jersey ranks near the bottom or at the bottom, depending on the source considered, for overall business climate due to taxes and regulatory hurdles. The factors behind those rankings directly impact the ability of our state to foster the development of small businesses and retain those businesses as they grow. It is important to want small businesses to exist and thrive in your state. Small businesses are a way for new innovations to come to the market and for New Jersey residents to accumulate wealth.

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Protecting Your Business: Essential Cybersecurity Measures for Small Businesses

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In today’s digital age, the increasing reliance on technology in the business world is undeniable. However, this comes with its own set of risks, particularly in the realm of cybersecurity. Small businesses, with their often limited resources, are especially vulnerable. This article will guide you through essential cybersecurity measures that every small business should consider to protect their operations and reputation.

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The Importance of Commercial General Liability Insurance for Businesses

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Running a business comes with various risks, and it is crucial to have commercial general liability insurance to protect your business from any unforeseen damages or losses. Commercial General Liability (or CGL) insurance covers various critical aspects, making it an essential component for the long-term success of any business.

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