Finance, AI, and cybersecurity tips for small businesses

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July 24, 2025
 
 
CO by U.S. Chamber of Commerce
MIDNIGHT OIL
EDITION 314
 
 
 
RESOURCES & TIPS
Get tips for building out a budget that helps maintn financial health and drive growth.
Top budget-building strategies
A well-structured budget is key for maintaining financial health and driving sustainable company growth. Here's a step-by-step guide to build your small business budget, complete with tools and expert tips for best practices.
 
 
 
 
Level up your product descriptions using AI
Writing product descriptions is a time-consuming yet necessary way to market your goods for sale. Discover how these smart artificial intelligence (AI) tools can transform the process, helping you save time, improve SEO, and boost sales.
 
 
 
 
Why behavioral interviewing is the next big thing
Behavioral interviewing enables hiring managers to ask questions about an applicant's past to predict future results, gathering different information than the traditional situation-based hypotheticals interviewers typically ask. Explore how behavioral interviewing can be the ideal technique for finding the perfect candidates.
 
 
 
 
CO— EVENTS
Last chance to register for our free, virtual event!
 
 
[RSVP] Go from a startup to a multi-million dollar business
August 14 | Noon ET
 
Tune into A Masterclass in Building a Multi-Million Dollar Business from the Ground Up as Gail Becker, founder of CAULIPOWER, shares how she turned an allergy into an industry-disrupting business. Get an inside look at how she overcame industry barriers and rejection to build a multimillion-dollar healthy frozen foods company in under five years.
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QUOTABLE MOMENT
 
“As you are beginning to think about your business idea, be observant and think about a product or service you wish existed. Consider something that you, your kids, or anyone else around you might be struggling with. Find a pain point and ask those around you if it is a thorn in their side too. Then start thinking about how that pain point could be solved.”
 
— Traci Channer, Founder and CEO of The Decided Collection, breaks down how business owners can find (and capitalize on) gaps in the market.
 
 
CO—100
Last chance to register for rewards, recognition, and $25K!
There’s still time to apply for the CO—100!
Apply to the CO?100 Awards program before our July 25 deadline!
 
Submit your application by July 25 and get access to exclusive events, up to $25,000, and a one-year membership to the U.S. Chamber of Commerce. Plus, don't miss the opportunity to be recognized by our keynote speaker, Daymond John, and other top industry leaders. Complete your application by Friday for a chance to make the list!
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BY THE NUMBERS
 
 
5
 
Leverage these five essential financial planning tools to manage finances and get a better understanding of overall business performance.
 
 
 
 
48%
 
With a large percentage of organizations considering building a talent pipeline a top priority, it can be helpful to understand whether hiring or recruiting can help achieve their goal. Explore the differences between hiring and recruiting to attract new talent to your team.
 
 
 
 
$1.24M
 
Cyberattacks can cost businesses millions, and small businesses are a prime target for hackers due to their limited resources for protecting their data. Take these precautions to protect your business from costly and devastating data breaches.
 
 
 
 
 
 
GRANTS & AWARDS
The Allstate Main Street Grants Program offers $20,000 grants to small, for-profit businesses that are registered and operating in the U.S., D.C., or Puerto Rico. To qualify, businesses must have earned at least $25,000 in 2024, show a clear need for funding and coaching, and commit to attending a virtual Boost Camp in fall 2025. A total of 63 grants will be awarded, with 250 entrepreneurs selected for the 12-week coaching program. Applications are due by July 25.

The second round of the Skip $10,000 Summer Grant will award $10,000 each to eligible Skip Plus members, with over $1 million in total funding available this year. This grant supports U.S.-based entrepreneurs and small business owners aged 18 and older, regardless of business size or stage. Submit by July 30.

Main Street America, in partnership with American Express, has launched a grant program called Backing Small Businesses. This program will provide 400 “locally significant” small businesses with grants of $10,000 each to help them overcome economic hardship, grow, and drive community impact. Eligible small businesses must demonstrate both economic need and a strong local impact. Applications will be accepted until July 31.

The Honeycomb Hot Streak Small Business Grant offers $2,500 in funding, plus six months of private coaching, to help startups build on their recent momentum. Entrepreneurs who have recently achieved success — such as strong growth or a major milestone — are encouraged to apply. Applications are due by July 31.

More grant & program information can be found here.
 
 
 
 
Consider becoming a small business member of the U.S. Chamber of Commerce for exclusive perks and dicounts from brands like FedEx.