Imagine that a customer is purchasing some goods or services from your small business. You tell them their total—whether it means ringing up their items or sending an invoice—and then ask how they’ll be paying. […]
Using their own money, angel investors specialize in providing financial backing for small-business owners and entrepreneurs during the startup phase and beyond. These investors can sometimes mean the difference between an idea becoming an empire […]
Processing transactions cheaply and efficiently shouldn’t be difficult. However, for small businesses, it’s often difficult to find a cost-effective point-of-sale system that offers the features you need without a host of special bells and whistles you don’t. […]
Do you control your business, or is your business controlling you? Gino Wickman, an author and business consultant, finds this lack of control as a common frustration with entrepreneurs. Gaining control over your business requires time, and […]
Customers demand convenience. If your business can’t make the buying process quick, easy, and convenient, customers will go somewhere else. There are lots of examples that illustrate this point, including the demise of Toys “R” Us. The […]
All too often, employee retention is spoken about in vague, jargon-heavy terms. Buzzwords like “company culture,” “engagement,” and “professional fulfillment” are tossed around as if their meanings were clear. The assumption is if your employees […]
You aren’t the only one holding your breath. There’s massive excitement built up around the upcoming sales promotion amongst you and your team, as well as customers who’ve caught wind of it. The sale starts […]
You’ve heard the buzz about sustainability, but it hasn’t been something you’ve focused on yet. You aren’t alone. Many business owners still have the perception that reducing their carbon footprint is a zero-sum game. Benefiting […]
Every business owner has a finite amount of time, and a successful manager uses their time wisely to carve out a better financial position for their company. Understanding the ins and outs of your company’s […]
Is an international business strategy the next step for your small business? Expanding into new global markets can dramatically boost sales and profits, but it also requires careful planning. Don’t get bogged down in overly complex […]
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 […]
Navigating legal issues as a small business owner can be tricky, and any missteps could have major consequences. A business attorney could not only help if you’re being sued, but they could try to prevent […]
We’re in the midst of National Small Business Week, and over the years, we’ve learned that business owners wake up way too early, work weekends, and don’t vacation nearly enough. But if you can believe it, there’s an even […]
For sales tax purposes “doing business” in a state is also referred to as having nexus. Depending on the nature of your business, determining where you have nexus for the purposes of sales tax ranges […]
The taxability of a given product or service can vary from state to state, and in some cases, such as in Colorado, taxability can even vary from city to city. Location isn’t the only complication […]
If financing options like a loan or line of credit are out of reach, you may turn to family and friends willing to donate or loan money to help your small business succeed. Online crowdfunding […]
Many of us dream of running our own business and when we act on that dream, the life of joy we envisioned can quickly turn to pain if we fail to adjust to ever-changing tax […]
It’s deeply personal. Discovering employee theft can be infuriating. After all, you hired, trained, and trusted the worker to help you grow your business, and that trust has been violated. This situation may be the […]
This past year sales tax has been on every business owner’s radar. The recent Supreme Court case South Dakota v. Wayfair has gotten a lot of buzz and caused the topic of sales tax to bask in […]
When you think of a killer loyalty program, what comes to mind? Free coffee from a punch-card? Free airline tickets from a credit card company? Maybe. But killer loyalty programs have the potential to offer […]
Running a business is more than a full-time job, and that can make it hard to maintain a boundary between work life and personal life. Turns out, the same goes for business finances and personal […]
In 2018, reports showed a strengthening economy was curbing unemployment, and job candidates found it easier to get work in line with their experience. Despite the seemingly boundless economic growth and record-breaking unemployment rates, there […]
If you run a business, you will need to engage legal counsel at some point. Attorneys are expensive. There’s no denying it. However, the legal industry and its outdated fee structure are changing. Business owners […]
Most people have probably spotted a successful business and thought, “I wish I’d thought of that.” A good idea can be golden, but inspiration alone is not enough to make it a reality. Launching a […]
The United States has some of the most versatile payday systems in the world, and it gives most of the power to the states to decide when, where, and how employees get paid. In many […]
It’s been more than a year since the Tax Cuts and Jobs Act went into effect, ushering in big changes to U.S. tax laws. Many Americans still remain mystified as to how the changes affect […]
If you could receive customer payments faster, how would your business improve? Many small businesses struggle with cash collections, and finding enough cash to operate each month can be a challenge. Speeding up cash collections, […]
Running a small business means making strategic decisions about your finances. Frequently, this initially means opening a business checking account, but for many small business owners, a business credit card represents the next logical, if not necessary, step. […]
Productivity, it is the key to our successes and the lack of it is often the cause of our failures. After all, the more you get done, the more time you have in your day […]
It’s likely that you’ve hired your employees based on their skill set and experience, and sometimes that past experience is enough to make the perfect fit. But more often than not, even the best employees can benefit […]