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Fg Trade | E+ | Getty ImagesAre you ready for a "second act" in retirement? Although they may long to quit a job and pursue a passion — a "second act" — their financial state will make that difficult. "We need to have a second act," she added. The key to figuring out your second act, Garrett said, is starting with a realistic self-assessment that answers several important questions: • What is your passion? Depending on your financial circumstances, a second act may still have to provide you with substantial income to make sense — in effect, you'll be "unretiring."
Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.
Inflation was little changed in the month of August, despite efforts by the Federal Reserve to cool off the U.S. economy. Data released Tuesday by the U.S. Bureau of Labor Statistics showed that inflation landed at 8.3% last month compared to one year ago. Excluding volatile food and gas prices, inflation climbed 6.3% year-on-year — higher than the consensus estimate for 6.1% and an increase from last month's 5.9% reading. But food prices have remained stubbornly elevated, climbing 11.4% overall, compared to the same time last year. Inflation is expected to remain elevated for some time, though it should continue heading downward, according to the most recent New York Federal Reserve survey.
Underrepresented business owners have been hit hard throughout the pandemic. Underrepresented business owners said they struggled the most to access credit during the pandemic, a Federal Reserve survey found. And although venture capital funding hit a record high last year, it's dwindling this year as experts predict the US economy is headed toward a recession. We've also included some funding opportunities that aren't specific to underrepresented founders, but may still be relevant to their businesses. If you know of a funding opportunity that fits this list, please email this reporter at jortakales@insider.com.
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