When COVID-19 hit, these creative entrepreneurs hit the web

This article originally published on GoDaddy’s Venture Forward website.

While the ongoing COVID-19 crisis has shuttered tens of thousands of small businesses and sent entire economies into tailspins, one cohort of entrepreneurs is proving surprisingly resilient. And, in turn, they’re creating economic stability in their local communities.

They are the operators of millions of digital domain-name websites that GoDaddy, which hosts the sites, labels “ventures.” Our multiyear research project, Venture Forward, found these often-overlooked and uncounted participants in the digital economy helped regions recover more fully from the 2008 recession, and are creating the same sort of buffer during the current crisis.

Ventures are, of course, as diverse as the country they reside in. They’re in every state. They’re rural and urban. They’re run by women and men, full-time business owners, students, retirees, military personnel and part-time workers. They come from every ethnicity and education level.

While the ventures … Read more

How to get a business line of credit when you’re just starting out

The information provided in this blog is for informational purposes only and should not be considered as legal or accounting advice from GoDaddy. Always consult an attorney or accounting professional regarding your specific situation.

When you’re starting a new business, there may be no more important resource to have on hand than financing. Call it what you want — funding, cash, liquidity — but small business financing makes it possible for you to afford all the important investments you’ll need to make in your business to get it off the ground. With that in mind, you may be wondering how to get a business line of credit.

A line of credit (LOC) is typically a pool of money that a lender extends you, which you are able to draw from as financing needs arise. Each draw has its own repayment schedule, and when you replenish the pool by repaying your … Read more