This Week in Business Strategies

May 17, 2021
This week's roundup addresses what we can learn from PPP, tapping into a new customer base, and planning for the future.

May 17, 2021—To better assist shop owners with their business-building tactics, Ratchet+Wrench has compiled a short list of essential leadership material from some of its favorite sources. Here's a look at a few must-read articles from the past week.

The PPP Is Out of Cash. Three Ways It Could Improve in the Next CrisisInc. 

The forgivable loan program helped more than eight million small businesses access more than $780 billion in aid. But former SBA boss Michael Roth says it could have been a less painful process.

Attention Small Businesses: There's a Generation-Sized Untapped Customer Base — Entrepreneur

This potential market is roughly the same size as Generation X.

The High Cost of Poor Succession Planning — Harvard Business Review  

Companies need to start succession planning well before they think they need to.

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