[general] Blog Posts


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

Recent Self Directed IRA Tax Court Case Peek Vs. Commissioner, 140 T.C. No. 12 (May 9, 2013)

IRA prohibited transaction in self-directed IRA issue is significantly different than the Benetrends ROBS qualified plans.

This case emphasizes the importance of using experienced professionals to assure that the process is compliant.

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| Author Benetrends, tagged in General, Peek Vs. Commissioner, self-directed IRA

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

How To Shorten The Sales Cycle

Definition: Closing the business as quickly as possible after 1st initial contact.

Whether you’re a hunter sales rep, a farmer sales rep, inside sales or outside sales, having the ability to control and at times shorten the sales process is a powerful tool to have in your arsenal.

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| Author Benetrends, tagged in General, Sales Cycle, Asking the tough questions, Benetrends, CLOSE BUSINESS

Girls Just Want To Have Funds!

Women-owned businesses are a huge part of the economy. Knowing how to access and obtain the special resources available for these companies is critical for success. We can help you locate all the necessary resources to start and grow your business. Many studies maintain that women have significantly reduced access to capital and encounter less favorable loan rates. For every 10 men starting a business, there are 8 women. What is the reason for this rise in women’s entrepreneurship in the US? One reason is that in 2011, a higher percentage of women are seeing opportunities.

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| Author Benetrends, tagged in General, Make Mine A Million, Benetrends, National Association of Women Business Owners NAWB, SCORE, Women's Business Centers Directory

Ensuring status as an Employee

It is very important to be properly considered an Employee for qualified retirement plan purposes. Following are some helpful tips on this topic:

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| Author Benetrends, tagged in Form W-4, General, IRS", Benetrends, C" Corporation, Employee

Dispelling Current Myths in Franchise Funding

Eric Schechterman, Director of Sales at Benetrends, examines and dispels the current myths in franchise funding, in a featured article in the November issue of Franchising USA magazine.

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| Author Benetrends, tagged in sba loans, franchise financing, franchise funding, General, franchise loan, sba funding, sba loan, small business loans
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