On the long list of reasons for business success, company culture too often gets short shrift. Company culture is more ephemeral than accounting processes and sales figures; there isn’t a spreadsheet that can tell you […]
What’s the best payment method for small businesses? Some say cash is king, while others swear by credit cards. But in light of the coronavirus, small business owners may have had to forgo their preferred […]
QuickBooks commissioned economist Susan Woodward to uncover how COVID-19 has affected the finances of small businesses throughout the U.S.1 Woodward’s analysis uses net bank deposits — in other words, how much money is going into […]
Financial losses from a product defect, data breach, serious illness or work-related automobile accident can force business owners to close their doors if they’re not prepared. The cost of an unexpected event can be substantial. Hiscox quotes a […]
So you’ve decided to take the leap and start a new business. Congratulations! Making that decision might feel risky and overwhelming, but as the saying goes, “Fortune favors the bold.” Creating your own business is […]
Editor’s note: Regulations and guidance from the Internal Revenue Service and U.S. Treasury Department is evolving. Please refer to the latest guidance from the IRS and Treasury to confirm how it applies to your particular situation. The IRS and Treasury […]
Many people dream of being self-employed, setting their own hours, and making more money. However, one of the biggest retirement money mistakes made by the self-employed is, well, not actually setting aside money for the future. It […]
In business, it’s not always a great idea to follow your gut. When it comes to making financial decisions, hard data can help you remain objective. Financial reporting is an integral part of running and […]
Before computers and software, we did all of our accounting by hand. Business owners kept any accounting records in large binders with reams of paper files. Fortunately, accounting has gone digital, and as a small […]
When you’re starting a business, there’s a lot to take into consideration, like your personal interests and skills, and demand in the marketplace. But you should also consider profitability. Are you starting a business that […]
For all the dreamers out there — from career-minded students to venture-seeking entrepreneurs — we bring good news. Long-term employment projections predict double-digit growth in a diverse group of industries that have one thing in […]
In the midst of a pandemic and nationwide quarantines, many people have taken up hobbies—macramé, decoupage, Paul Hollywood-level pastry work. Skyler Kogachi is no exception. In his spare time, the Los Angeles-based business owner has […]
You love your business, but that doesn’t mean you can afford to work for free. Yet, figuring out how to pay yourself as a business owner can be complicated. You need to think carefully about […]
If you work in the corporate workforce, there’s a good chance you’re looking to escape. A study in 2018 by Gallup found that 66% of employees worldwide are either not engaged or are actively disengaged in […]
As the business landscape continues to evolve in the face of the COVID-19 pandemic, your resources may be more strained than ever. But no matter where you need to cut costs and tighten budgets, one […]
Cash flow is the movement of money in and out of your business and your business bank account. Think of cash flow like your car’s gas tank. You fill up the tank with gas, and […]
Business systems are composed of detailed procedures that business owners can replicate for consistent, measurable results. Business owners who implement these systems can free up valuable time to work on their businesses—not in them. As […]
As any small business owner knows, your website is one of the most vital components of your business. Whether you’re in e-commerce or not, it’s the first place potential customers will go to discover and decide […]
Have you ever seen a car, truck, or van in your area wrapped in an advertisement? If so, you may have wondered whether these advertisements — known as vehicle wraps — are a worthwhile investment […]
A company’s balance sheet is one of several important financial statements that report on its performance. But to understand the importance of a balance sheet, you need to understand the balance sheet equation and the […]
2020 has been a tough year for small businesses. Many have felt the impact of the coronavirus—it’s hit some harder than others. During a time when so many are struggling, it may seem counterintuitive to […]
I started watching “Get Organized with The Home Edit” on Netflix and purchased several boxes of velvet hangers before I finished the first episode. I ordered them online, and they arrived on my doorstep the […]
No doubt about it, 2020 was a wild ride. And that’s especially true for small business owners. In early spring, the coronavirus pandemic forced thousands of small businesses across the country to close their doors […]
The majority of people who plan to start a business within the next 12 months say the coronavirus influenced their decision. 28% said the pandemic accelerated their plans to start a business, according to a recent QuickBooks survey. 35% set […]
If there’s one thing business owners don’t have enough of, it’s time. Improving your business processes through automation, integration, or outsourcing are great ways to get time back. Here are four simple steps to help […]
After months of negotiations, the $900 billion pandemic stimulus package bill was passed into law on Dec. 27. The new law provides another round of funding, $284 billion, to the Paycheck Protection Program (PPP), a key small-business […]
Great news! The Paycheck Protection Program (PPP) is about to be back in business. The new stimulus bill that was signed into law at the end of 2020 provides the PPP with $284 billion in funding. The […]
COVID-19 is changing how businesses operate across the country, including at the restaurants where we enjoy our favorite meals. Both business owners and customers are being affected by these changes, and it’s unclear whether the […]
Starting a new business comes with a litany of decisions to make, both logistical to financial. Some are required before getting started, while others are made along the way. One of the most impactful decisions […]
With anti-racism protests spanning across the country over the past two weeks, many employees see workplaces as fertile ground for discriminatory practices that need to be addressed, a new survey suggests. Business-to-business reviews platform Clutch […]