5 Questions to ask yourself before hiring a new employee

For most small business owners, the decision to hire their first employee is not a small or easy one. Many small business owners are hesitant about adding a new hire to their team. It’s understandable. It’s a big decision and there are a lot of things to consider. We thought we’d help with the process by offering up five key questions to ask yourself before deciding to add a new member to your small business Can I take on this extra work ...
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5 things to consider before setting a price for your goods and services

When it comes to setting an initial price, you can generally choose from one of three options: You can charge a premium price (this works best if you have a superior, value-added product or service), a lower-than-average discount price (which is generally hard for small companies to sustain), or a price that is in line with your competitors (market price). To help you decide where to fall on this scale, here are five things to consider before ...
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4 steps to evaluating a new business opportunity

Growing a business, whether organically or by acquisition, is never easy. Today we’ll offer a quick way to  evaluate growth opportunities for your business. Following these four simple steps can keep you from pursuing unprofitable, costly new lines of business, partnerships or business acquisitions: Doing the Math Really Does Matter The first step in evaluating a new opportunity is to compute the potential gross profit margin to be ...
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Four Good Reasons to Pay Your Taxes

It’s that time of year again. The W-2s and 1099 are starting to arrive in the mail and before you know it, it will be March and then April 15th – Hello Tax-Time! No one enjoys paying taxes, but there are several reasons to do the best job you can of accurately reporting your income: Uh oh! Uncle Sam Wants You! Obviously, under-reporting may invite scrutiny from the IRS and whatever savings you may have once enjoyed will quickly be wiped out ...
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New Years’ ideas for your business in 2016

The New Year is always a great point in time to look back and then start afresh – are you ready to make 2016 be the best year yet? Are you planning a whole list of resolutions for your business or just looking for small improvements? Here are a few suggestions to help you start the year off right. No time or energy to plan for an entire year? Try our initial “quick fixes” and just focus on them for a day or a week; if they work, you can always ...
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Community Capital’s Entrepreneurial Pop Up Shop Encourages Residents to Buy Local

Dozens of Westchester residents stopped in to Community Capital New York’s Entrepreneurial Pop Up Shop last week to buy local for the holidays! Sponsored by Tompkins Mahopac Bank, the event, held at small business loan client Ground Floor Co-working in New Rochelle, featured more than a dozen small business loan clients of the nonprofit microfinance lender, from Posh Pretzels selling chocolate-covered treats that made the Oscar Swag bags last ...
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Just in Time for the Holidays

The Harvard Business Review’s Daily Stat reports today that Merely Seeing a Box Being Opened Makes You Like What’s Inside Research participants were more interested in buying a commemorative coin that was in a little red box if they observed the box being opened, as opposed to simply seeing the coin in the open box (0.43 versus minus-0.32 on a willingness-to-buy scale of minus-5 to 5), even though there was no surprise involved: In both ...
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Community Capital on ABC!

CommunityCapital New York's Vice President of Lending, Simone Obermaier, and loan client Mercedes Nunez, were guests of ABC's El Tiempo Spanish programming show hosted by Westchester resident Joe Torres! Mercedes, as CEO and Founder of Palisades Cleaning Service, was the first recipient of a small business loan from Community Capital's CFA Award, the Million for Main Street Fund, and has since doubled her employees from 17 to 35, and provides ...
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A Million for Main Street

Community Capital New York’s Hudson Valley Opportunity Loan Fund Awarded $1m by Governor Cuomo in the Regional Economic Development Council (REDC) Initiative $1 Million to  be matched with SBA Funds to create $2 million in loan capital for the Hudson Valley Businesses October, 2015--Community Capital New York, the largest nonprofit SBA microfinance lender in the region, was awarded $1 million in loan capital by Governor Andrew Cuomo in ...
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$2 million up for grabs for Hudson Valley businesses

BEACON — Small businesses in the Hudson Valley can look forward to a new $2 million fund for microloans. Money from Community Capital New York can make a huge difference to a little enterprise. Just ask Ernie Molina. Molina and his wife, Mary, began their business, Lola Granola, named after their daughter, several years ago when they'd hit hard times financially. The Bedford Hills couple got a loan from the Community Capital nonprofit ...
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