[benetrends] Blog Posts


2013 Cost-Of-Living Adjustments

The Cost of Living Adjustment, or COLA, is pretty much what its name implies -- its the adjustment made to make sure your income stays current with the cost of living. The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pensions plans and other retirement-related items for tax year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index.

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| Author Benetrends, tagged in 401(k) rollovers, General, retirement planning, Small Business Owners, Benetrends, business, Consumer Price Index, cost-of-living index, Internal Revenue Service, Len Fischer

2012 Small Business SCORE Awards Winners

This years SCORE Award winners are success stories that symbolize the thousands of entrepreneurs who uplift our communities by putting the American economy back on track.

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| Author Benetrends, tagged in Success Stories, Benetrends Client Spotlight, Entrepreneurs, American economy, Outstanding franchise as a small business, Benetrends, FranNet, SCORE Award

What Would The World Be Like Without Entrepreneurs?

What would the world be like without entrepreneurs?

So my day began with my iPod alarm and the smell of freshly brewed Starbucks coffee. I rushed to get ready and then jumped into my Ford Focus to get to work. On the way there, my boss called me on my iPhone to ask if I would pick up some Dunkin Donuts for the morning meeting.

If Steve Jobs (Apple), Howard Schultz (Starbucks), Henry Ford (Ford Automobiles) and William Rosenberg (Dunkin Donuts) had not been entrepreneurs, my day would have started very differently. I am not alone when I say; many entrepreneurs have changed our lives when they stopped dreaming and put their visions into action.

Although owning your own business is the foundation of the American dream, polite society will tell you it is a risky adventure with a path full of failures. What they do not tell you is that this path will also allow you to fulfill your greatest passions and generate ideas that may change society forever.

Imagine if Steve Jobs never started Apple…

If you had the opportunity to answer this question again… “What do you want to do when you grow up?” How would you answer it, especially if you knew ahead of time you were going to make such a powerful impact on the world?

If you have an entrepreneur inside you wanting to get out, tell us!

Looking forward to hearing your stories…

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| Author Benetrends, tagged in Entrepreneurs, 401k/IRA business funding, Benetrends, entrepreneur, franchise loan, small business loans, start up loans

The Small Loan Advantage Program

 The SLA program is a delivery vehicle for SBA guaranteed term loans. In June 2012, the SBA revised portions of the SLA program making the application process even easier, expanding the number of qualified lenders and increasing the loan cap from $250,000 to $350,000. Pre-screening tools and streamlined documentation enable lenders to offer faster and more cost-effective SBA 7(a) loans to business borrowers.

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| Author Benetrends, tagged in sba loans, General, SBA 7(a) loans, Small Business Owners, Small Loan Advantage, Benetrends, SBA Specialists, U.S. Small Business Administration

The Entrepreneurship Story of Benetrends President/CEO

Benetrends President/CEO Rocco Fiorentino knows what its like to be an entrepreneur and franchise owner. His unique story and perspective on how (and why) he started on his path to entrepreneurship at a young age was featured in a recent interview with Executive Leaders Radio.

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| Author Benetrends, tagged in Entrepreneurs, franchise, General, Rocco Fiorentino, Small Business Owners, Benetrends, Company, entrepreneur, leadership, small business

SBA Launches Operation Boots To Business For Veterans

WASHINGTON - Transitioning service members and veterans will be able to learn how to become entrepreneurs through a U.S. Small Business Administration-sponsored pilot program, SBA Administrator Karen G. Mills told reporters here yesterday.

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| Author Benetrends, tagged in sba loans, Entrepreneurs, General, Operation Boots to Business, SBA, Benetrends, veterans

Returning Vet? Consider Opening A Franchise.

As more and more veterans are returning home from active duty, they’re faced with the question, “What should I do with myself?” With a shaky economy and elevated unemployment rate, opening up their own franchise seems to be an attractive choice.

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| Author Benetrends, tagged in Entrepreneurs, franchise, General, Benetrends, franchising, IFA, veterans, VetFran

Retirement Plan Documents

A Primer on Plan Documents

A qualified retirement plan is governed by rules outlined in a written plan document. This plan document tells the employer and employees how the plan is supposed to work; what the eligibility and vesting requirements are, how benefits are determined, and when benefits will be paid out. For most plans, including almost all Benetrends clients plans, the plan document is comprised of at least three key pieces. Each one is important and has a special purpose.

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| Author Benetrends, tagged in Adoption Agreement, General, Retirement Plan Documents, Summary Plan Description (SPD), Basic Plan Document, Benetrends, Len Fischer

Quote of the Week: Leadership


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| Author Benetrends, tagged in Quote Of The Week, General, Benetrends, Business Quotes, leadership

How To Use 401(k) Funds To Start A Business

Since 2008, the credit crunch has made it more difficult than ever for entrepreneurs to access credit. While lending is loosening, entrepreneurs are still having a difficult time getting funding to start or recapitalize a business. It’s safe to say we are never going to return to the lending environment where you could obtain the “Ninja” loan –No Income- No Job – No Assets.

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| Author Benetrends, tagged in 401(k), General, Retirement funds, Benetrends, business funding, business startup, new business
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