On July 6, 2015, the U.S. Department of Labor issued the long anticipated proposed regulations making revisions to the white collar exemptions under the Fair Labor Standards Act (FLSA). If the proposed regulations go into effect it is estimated that over 5 million workers will now be eligible for overtime because they will not meet the salary requirements of the proposed regulations. Continue reading
By Kerwin Brown
President & CEO
Based on the U.S. Census Bureau’s 2007 data, African-Americans in Arizona owned 6,330 firms in 2002 with more than 530,000 average gross receipts and 6,530 paid employees. The information came from the most recent statistics available from the Minority Business Development Agency, Western Regional Office for the U.S. Black Chambers. Continue reading
By Rick Murray
CEO, Arizona Small Business Association
Raising money to launch a business or to take one to the next level is challenging.
Many great ideas and businesses have failed because they are unable to stay in the game long enough to generate enough revenue to support them. Undercapitalization is the No. 1 reason businesses fail.
Banks know this. Unless there is collateral or a solid financial history, it’s not likely they will lend money. So where does that leave the small business owner “wanna-be?” Continue reading