Blog posts tagged with "Small Business Tips"

The Ultimate COVID-19 Survival Plan for Small Businesses

March 26, 2020
Due to the COVID-19 crisis, small business owners are currently facing many challenges. Establishments are being forced to close, employees are working from home, and sales are decreasing, which can all be daunting.

Navigating Coronavirus/Covid-19 As A Business Owner

March 23, 2020
In the midst of the coronavirus pandemic, people are concerned about the outbreak’s path and how they can avoid infection. If you’re a business owner, you’re probably wondering how to keep yourself and your employees safe. In addition, you’re probably faced with concerns about how the outbreak will affect economic activity. As mandatory closures continue, businesses businesses in non-essential industries have been forced to shut their doors.

The Best Destinations for US Business Travel In 2020

March 17, 2020
f you’re a business owner, you understand the importance of business travel. There are many reasons  to leave your comfort zone and venture to a new locale. Maybe you want to open a new location. Or perhaps you have to attend a conference or meet with a client. Per the United States Department of Transportation, 405 million U.S. business trips are taken each year. Since many of these trips are extended for leisure purposes, the location is more important than ever before.

The 10 Business Types With The Lowest Profit Margin

March 17, 2020
When looking for a business to start, it’s helpful to find one with a high profit margin. These are the businesses that can withstand slow economic periods and also have customers continue to buy from. For most business types, you’ll spend effort and capital to get them running. When the industry you choose falls into the high profit margin category, you’re already ahead of most businesses where the profit margins are much lower.

How to Develop your Small Business Organizational Chart

March 16, 2020
Does your small business have an organizational chart? If not, you might be missing out on certain benefits. Org charts can help you and your employees develop a better understanding of your business.

Self Employment Tax: An Obligation For Owners

March 16, 2020
For any kind of business, taxes are one of the largest regular expenses. They may even be your single largest expense. Due to this, it’s worthwhile to ensure that you understand the basics of taxes, even if your accountant handles them. Strategic tax planning can save you tens, even hundreds, of thousands of dollars over time. One of the most significant components of your tax bill will be the self-employment tax. This is a specific type of tax that only certain people, such as business owners, need to pay.

6 Benefits of Shared Direct Mail Opportunities

March 16, 2020
Shared mail is a somewhat new concept in advertising, rising to popularity throughout the ’80s and ’90s. Around this time, the United States Postal Service passed a rule that stated multiple advertisers could share the cost of mailings. This was done by combining advertisements into a single package. Due to this, direct mail marketing services enable businesses to effectively reach current or potential consumers. For many, the costs associated with advertising in shared direct mail packages are surprisingly low. In fact, under ideal conditions, shared mail opportunities can be pushed to the masses for pennies per home.

Compare and Contrast: Invoices vs Receipts

March 15, 2020
Regardless of your business’s industry, a basic understanding of accounting is critical. However, to get that understanding, there are many details you’ll need to learn about. One of those details is financial documentation. In accounting, there are a variety of documents that accountants use to create an overview of your business’s finances. The problem is, these documents—and the relationships between them—aren’t intuitive to a non-financial expert. Yet, without these records, it’s impossible to see what’s going on with your finances.

Pros and Cons: Five Business Internet Service Providers

March 15, 2020
Regardless of your business’s industry, it’s likely that you depend on access to high Internet speeds. Whether you download files, stream audio and video, or run software, reliable internet service providers are essential to your success.

How to Handle Age Discrimination in your Workplace

March 14, 2020
In a perfect world, every employee would be treated fairly, regardless of their age. Unfortunately, this isn’t always the case. Sometimes, employees experience unfair treatment because of how old or young they are. This is known as age discrimination and continues to be a common issue, even in today’s diverse working world.