Blog posts tagged with "Small Business Tips"

Micropreneurs: All About The Smaller Business Opportunity

November 17, 2020
When you start a business, you may consider yourself an entrepreneur. After all, an entrepreneur is an individual who runs their own business.

The 10 Business Types With The Lowest Profit Margin

November 16, 2020
When starting a business, you should strive for a high profit margin, as you’ll be better prepared to withstand slow economic periods, while also gaining a consistent customer base.

Should You Open Multiple Business Bank Accounts?

November 16, 2020
If organizing your business’s finances isn’t a main priority, rest assured you’re not alone. A recent study from TD Bank revealed that 27 percent of small business owners use the same checking account for their personal and business finances.

How to Transfer Business Ownership

November 12, 2020
As a business owner, there may come a day when you decide to transfer ownership of your business. Perhaps you want to retire and want your business to operate under new leadership. Or, maybe you’re interested in recruiting a partner who will assume ownership of a portion of the company. Some businesses are so successful that others approach them with buyout offers.

Pros and Cons of Receiving a Business Line of Credit

November 10, 2020
When it comes to running a small business, having ample cash flow is imperative. Due to this, many business owners apply for a business line of credit. Although lines of credit can be a great financing source, it’s important to review the pros and cons of this product prior to submitting your application.

6 Sales Mistakes Your Small Business Might Be Making

October 28, 2020
With so many daily responsibilities, it can be difficult to master every aspect of running your small business. For example, you might not have substantial sales experience, making it difficult to grow your operations.

The Top 10 Customer Service Blogs for Businesses

October 22, 2020
As business owner, finding and attracting new customers can be challenging. However, it’s even more difficult to keep your customers happy and engaged once you’ve won them over!

The Importance of Loss Prevention in Retail Businesses

October 19, 2020
Loss prevention refers to the steps businesses take to reduce profit loss. The causes of profit loss, which are addressed by loss prevention, include theft, fraud, and errors.

How To Negotiate Upfront Payments

October 14, 2020
The ebb and flow of finances is one of the biggest hurdles of being a small business owner. It can be difficult to juggle bills while waiting for your customers to pay you. If you can relate to this, it’s time to consider asking for upfront payments.

5 Ways to Quickly Pay Off Business Debt

August 24, 2020
As a small business owner, you know that managing your business’ finances is very important. Still, it can be difficult to determine when having debt can be useful and when it needs to be paid off. Although going into temporary debt may have been necessary to start your business, taking too long to pay off loan balances or credit card debt can cause problems.