Monthly Archives: May 2024
Home Depot Purchases SRS Distribution for $18 Billion
Home Depot is a home improvement retailer that caters to the DIYers, but the company wants to focus on construction professionals. In a bid to do so, the retailer recently announced that it is buying roofing distributor SRS Distribution Inc. for a whopping $18.25 billion. The retailer’s goal is to attract more business from… Read More »
Multi-Unit Franchising on the Rise
In the past, franchises may have owned one or two franchises of a popular business. Nowadays, companies are owning dozens, hundreds, and even thousands of businesses. There are currently more than 420,000 franchised units owned by 234,000 franchisees. This means multi-unit operators are shaping the future of franchising, controlling more than 50% of all… Read More »
Business is Booming in the U.S.
It’s been four years already since COVID took over the United States and pretty much the world. The economy went through some tough times as businesses shut down and Americans were forced to social distance. In 2024, things are looking up. Failing businesses were the norm for the past few years, but that trend… Read More »
How to Build Credit as a Sole Proprietorship
A sole proprietorship is the easiest and fastest way to start and run a small business in the United States. It’s also the most common type of business formation, with a large majority of businesses run this way. However, getting money is not easy, and small businesses need a lot of money. Business owners… Read More »