Allison Barr Allen is the Co-Founder and Chief Operating Officer at Fast, based in San Francisco.

As Covid-19 drove people into lockdown this year, it also drove them online in nearly every aspect of their lives. Entire companies relocated to Zoom. Doctors treated patients through computer screens, and e-commerce giants saw their profits soar. Meanwhile, small businesses, particularly those that depend on a physical presence to sell their products or services, have been hit hard. Just as online shopping went from a convenience to a necessity for consumers, digital channels have become a requirement for retailers of all types and sizes to survive. And even when the pandemic is over, there is ample evidence that customers will continue to shop online in ever-greater numbers.

While most retailers today have some kind of online presence, the world of e-commerce technology can be vast and confusing. It seems like it

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Staff Writer
 |  The Pueblo Chieftain

Today’s article is a part of the Forward Thinking Education Series presented by Legacy Bank, the Latino Chamber of Commerce and the Pueblo Chieftain. Webinars further discussing this and other financial topics can be found on the Latino Chamber of Commerce Facebook page at: https://m.facebook.com/PuebloLCC/.

Were you planning to sell your business in 2020, but the pandemic put that idea on hold? You’re not alone. According to the BizBuySell’s Insight Report, small business transactions dropped almost 40 percent during the second quarter of this year. But take heart, small business sales are bouncing back from April lows.

According to Calhoun Companies, a Minnesota-based brokerage, there are two prevailing types of buyers today. The largest buying group includes those seeking profitable, pandemic resilient businesses. Buyers in the second group are looking for depressed or closed businesses which are selling for much lower prices.

Buyers in

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This is the year just about every business owner is wondering, how long can I last?

The coronavirus drags on with no sense of when a mask-free, mass-gathering-restored normal will resume.

Businesses have failed. More businesses will fail. But do businesses with a fuzzy horizon need to shut down forever?

Not at all, insists Michael Greene, owner of Sam Goldenberg & Associates, a Santa Fe business brokerage that matches sellers and buyers of businesses.

“There are buyers actively looking,” Greene said.

The first trick to selling a business is not waiting until the last few weeks, when all the value of the business may have evaporated.

“Whatever your reason is, come in sooner,” Greene said. “Most owners wait too long.”

COVID-19 has shattered many businesses, but there is a silver lining. The past still matters even if 2020 sales numbers are dodgy.

“If you have a business doing well the

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In a major push for Atmanirbhar Bharat (self-reliant India), chemicals major Gujarat State Fertilizers & Chemicals Limited (GSFC) on Thursday started selling locally made calcium nitrate — a 100-per cent imported water-soluble fertilizer.

Building up on its capabilities to make caprolactam and its by-product nitric acid, GSFC found economic viability to make calcium nitrate at its facility near Vadodara. The first consignments of the locally-made calcium nitrate and boronated calcium nitrate was sent to Solan in Himachal Pradesh and Bhavnagar in Saurashtra.

Union Minister of State for Chemicals and Fertilisers, Mansukh Mandaviya on Thursday launched the product online. “We identified about 79 chemicals where import substitution could take place. Of these, there are 39 chemicals, where we are 70-100 per cent dependent on imports. GSFC has identified 21 such chemicals to make in India and take a big leap to achieve the goal of Atmanirbhar Bharat,” the minister said in

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TAMPA, Fla., Oct. 6, 2020 /PRNewswire/ — Edison Avenue has had enough of witnessing entrepreneurs giving away their net worth to private equity groups, family offices, and other sophisticated investors.  The unspoken truth is that many former business owners don’t talk about out of embarrassment that they fell into one of these costly traps. 

  • Invisible Ink:  Frequently an LOI is not worth the paper it is written on. Often, far too many of the terms and conditions are left unaddressed or vague. Business owners often think they understand the price and terms of the LOI to purchase their business. After the buyer’s team of accountants, attorneys, and other professionals comb through the business every flaw will be uncovered and used to reduce the price. Then, when the purchase contract negotiations begin, one will see the deal terms shift so fast one might think the ink is disappearing from the
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    OWENSBORO, Ky. (AP) — When COVID-19 hit in mid-March and forced people to pause their lives, Nathan Rhodes and Jeremy Murphy thought their Whitesville-based company Sling ‘N’ Steel Custom Smokers … well … might just go up in smoke.

    Making it more concerning, Rhodes and Murphy, both 39 years old, had left their full-time jobs at Owensboro-based Unique Granite & Marble in January to concentrate on their online retail custom smoker business, which they had started together seven years earlier as a side venture.

    “We got pretty nervous because we had invested a lot of money into stock items prior to the COVID,” Rhodes said. “For about two weeks there, we were dead in the water; no phone calls; no orders; no nothing.”

    But that lull in business turned out to be temporary.


    “…And all of a sudden, it just exploded,” Rhodes said. “We did a half-million dollars in sales

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    • A Texas woman has to pay $3.8 million for selling shoplifted merchandise on eBay for 19 years, the Department of Justice said. 
    • Kim Richardson, a 63-year-old Dallas resident, pleaded guilty in December and was ordered on Thursday to serve 54 months in federal prison.
    • Richardson “used shoplifting tools to disable security devices and would exit the store by placing the stolen merchandise in a large black bag she carried,” a department release said. 
    • She participated in a “multi-million dollar interstate theft ring” that spanned from August 2000 through April 2019, according to federal authorities.
    • Visit Business Insider’s homepage for more stories.

    A Texas woman will serve prison time and has to pay $3.8 million in damages for selling shoplifted merchandise on eBay for 19 years, the Department of Justice said. 

    Kim Richardson, a 63-year-old Dallas resident, participated in a “multi-million dollar interstate theft ring” that spanned from August 2000 through

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    Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics.

    For small business owners forced to close their doors for months and now still seeing dramatic drops in walk-in traffic, that online shift and exposure to new customers has likely been a lifeline. But it also may mean they aren’t charging the necessary sales tax on those purchases. According to a recent survey by Avalara, only about half of businesses are familiar with the sales tax rules for online transactions with customers in other states.

    As state and local governments are grappling with major budget deficits over the coming year, they’re going to be diligent about collecting all the tax they’re due. That means online sales taxes could potentially be a big

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    By Greg Mercer, Founder & CEO of Jungle Scout, the leading all-in-one platform for selling on Amazon

    I often get asked “When is the best time to start selling on Amazon?” My answer will always be: now! Ideally, it would have been yesterday.

    During these unprecedented times, you may have more time on your hands and you’re looking for another source of revenue. Maybe you’ve always wanted to sell on Amazon and haven’t yet made the leap. Whatever your situation, I recommend prioritizing selling on Amazon because, now more than ever, shoppers are choosing screens over stores.

    Let’s explore the reasons why it’s a great time to start selling on Amazon and how to capitalize on today’s consumers’ shopping preferences.

    Business is booming.

    Over the course of the pandemic, those of us in e-commerce have seen staggering changes in how consumers buy. Much of that evolution can be

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    (Bloomberg) — State and local governments haven’t sold this many taxable bonds in a decade.

    The sellers have issued $92 billion in debt subject to federal income taxes so far this year, according to data collected by Bloomberg. That’s almost a third of all the long-term municipal bonds sold in 2020 and is the most since 2010, when the Build America Bond program sunset at the end of that year.

    “I’m astonished at the pace of taxable municipal bond sales,” said Kathleen McNamara, a senior municipal strategist at UBS’s wealth management arm.

    Sales of taxable municipal bonds were on the rise late last year, a byproduct of falling interest rates and President Donald Trump’s 2017 tax-cut law that took away the power of states and cities to sell tax-exempt bonds for a key refinancing technique known as advance refunding. But the pace surged this year after borrowing costs fell to

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