Great Resources For Young Entrepreneurs

Posted on August 7, 2015

Payroll servicesThe up and coming younger generation of American entrepreneurs, meaning those men and women who are 20-34 years old, are likely to be the next great generation to propel the American economy forward into the future. This is shown very clearly in the results of a recent study which concluded that 54% either wanted to start a business of their own, or had actually already done so. As young entrepreneurs, they are likely to need all the help that they can get in order to make their dreams a reality, and we here at abc Payroll want to do our part to help as well.

We are a provider of payroll services to clients who want to outsource those responsibilities to a company devoted to providing New England and Massachusetts payroll solutions. As such, we deal with businesses of all sizes, including many small businesses started by the younger generation of business-minded Americans. We believe that this experience has helped make us a great potential resource for any business looking to hire a payroll company to handle their payroll services.

We would like to take this time to introduce you all to some great resources that are available to help business owners of all ages and success levels. First of all is the Small Business Administration. When it comes to small business needs, you would be hard pressed to find a more valuable resource. They offer a Young Entrepreneurs Essential Guide to Starting a Business, which includes free tools for helping a millennial set up their new business. Also worth a mention would be other initiatives such as SCORE and My Brother’s Keeper, both of which offer mentoring connections as well as plenty of online resources. Between these two and the SBA, any small business owner should be able to get their questions answered very quickly.

Not all small business problems fall into the category of mentoring requests and the desire for personalized advice. There is another, equally as important need that almost all small businesses face – the need to fund themselves. Many small business owners report that the hardest part of getting their business off of the ground was the process of getting the funding they needed to get things moving. With only 27% of small businesses getting a loan through a traditional bank or financial institution these days, it should come as no surprise that the SBA offers loan programs to help get the ball rolling. Another funding method that is gaining in popularity is crowdfunding through websites such as, which has helped some projects raise millions of dollars in early investment capital.

We have our own resources to offer those of you who already own small businesses or who were thinking about starting one. You can view them on our website here. Think of this as just another way that the best company to turn to for payroll in Massachusetts and all of the North East strives every day to keep the needs and interests of all of our clients in mind at all times.

If you have any questions about how abc Payroll can help your company with payroll services, please give us a call at 978-251-3003 today!