No matter whether you’re a new small business owner or the head of a home looking to manage your finances better, compiling a monthly budget is one of the most critical tasks you’ll undertake. Coming up with […]
If you’re a small business owner, the days of using paper timesheets are gone. Today, many business owners use time-tracking software to track employee time. Converting to a mobile time card app could do wonders, […]
If you’re an entrepreneur looking to become a small business owner, one of the first things you’re going to have to decide on is how to structure your company. Business structure options include sole proprietorships, general partnerships, […]
Statistics show that 10% of small business owners don’t invest in any form of marketing and that nearly 50% of owners spend less than two hours per week on their efforts. However, a well-constructed marketing strategy can help […]
The past decade has been rough for business spreadsheets. First, the London Olympics accidentally sold 20,000 tickets to a swimming event that could only accommodate 10,000. According to The Telegraph, “a member of staff made a […]
As a small business owner, making sales is critical. However, finding the balance between “successful” and “annoying” can be challenging, especially if you don’t have much experience working in sales. HubSpot research shows that 50% of prospects […]
If you’re a small business owner, the days of using paper timesheets are gone. Today, many business owners use time-tracking software to track employee time. Converting to a mobile time card app could do wonders, […]
Today’s business word of the day is “miscommunication.” According to the unabridged English language version of the Collins English Dictionary, the definition of miscommunication is, “a failure to communicate effectively.” Related words from the thesaurus include […]
One of the easiest ways to measure a current market is by looking at market share. Apple, for instance, had 15.8% of the global smartphone market share during the fourth quarter of 2018. Apple was second to […]
If you’re considering opening a new business, one of the first things you’ll need to decide is what type of entity you want to run. Entity options typically include sole proprietorships, partnerships, limited liability companies, […]
Myka Meier, the founder of Beaumont Etiquette, recently told the Huffington Post that business etiquette is “more than just the practice of good manners and following respectful protocol when doing business with others — it’s the difference […]
Today’s business word of the day is “profitable.” According to the unabridged Merriam-Webster English Dictionary, the definition of profitable (prɑːfətəbəl) is, “affording profits: yielding advantageous returns or results.” Thesaurus.com provides some related words, including “beneficial,” “cost-effective,” and “fruitful.” […]
As a small business owner, you may find yourself looking for exciting, creative opportunities to sell things. Branching out can help you build a new customer base and increase revenue. One way to do so […]
A recent report from the Pew Research Center found that more Americans are using ridesharing apps than ever before. In 2018, 36% of adults said that they used some sort of ride-hailing service, up from 15% in […]
Whether you’re a business owner who’s buying or selling goods, it’s essential to understand the various components of the supply chain. One of the critical decisions you must make involves choosing between wholesale and retail. Unfortunately, […]
If you’re a small business owner ready to hire workers, you need to understand the tax implications of doing so. Business owners can recruit two types of workers — employees and independent contractors, otherwise known […]
If you’re a new business owner—or, thinking about starting a business—you may not realize that there are rules and regulations about how to keep your financials. Even if you know the basics of accounting, you cannot simply […]
According to the unabridged edition of the Collins English Dictionary, the definition of non-compliance (nɒnkəmˈplaɪəns ) is a “failure to comply; refusal to yield, agree, etc.” Many of the examples of non-compliance in United States dictionaries […]
In the past decade, the self-employment industry has grown more rapidly than any other employment segment, and the American Bureau of Labor Statistics expects it to continue to do so between now and 2026. The rapid growth […]
Today’s business word of the day is “nexus” (pronounced nek-səs, plural nexuses). According to the American Heritage English Dictionary, the definition of nexus is a connection or link. The term could also refer to a connected […]
As an independent contractor, you’re responsible for paying self-employment tax on any income you make. Self-employment tax can come as a shock, especially when filing your first tax return as an independent contractor. The IRS defines […]
When running a small business, you can’t rely on your gut instinct all the time, especially when it comes to evaluating your company’s financial health. You should be objective rather than subjective when determining the financial […]
It’s no secret that small businesses play a vital role in the US economy. However, revenue for small businesses can be scarce. For instance, small businesses that do not have any employees average just $44,000 a […]
Managing your business’s finances and revenues can be a full-time job, so much so that you may need to create a financial position to handle these duties within your small business. However, many small business […]