How a Small Business Can Manage Risk
As a small business owner, you are well aware of how a sound financial plan, effective risk management and intelligent decisions can benefit your company. In today’s entrepreneurial climate, there are plenty of places for mistakes to pile up, and a lack of focus can cause little errors to turn into major headaches.
Payroll Data
In today's digital world, protecting payroll data is more than just a best practice—it’s a necessity. Employee paystubs and financial records contain highly sensitive information, including Social Security numbers, addresses, and bank details. If not properly...
How an Entrepreneur Can Find the Right Work-Life Balance
Every entrepreneur needs a little time to themselves. A perfect work-life balance is certainly a goal for everyone – across any industry – and that idea is possible with some creative steps and a little bit of ingenuity.
The Top 4 Tips for Better Business Presentations
Instead of being nervous and blowing the entire thing, there are several great tips for anyone faced with a public speaking dilemma.
Who Does Your Employee Work For?
Businesses often face significant challenges when it comes to accurately determining the capacity in which a worker is employed. While they may know that an individual is on payroll and performs specific tasks, the way this person is classified within a human...
4 Tips To Help Your Sales Staff
Not everyone is good at sales off the bat, but with some work, everyone can learn what it takes to sell sand to a desert.
Recovering From Disaster: An Opportunity To Grow
Having a continuity system in place for your small business should be essential to your financial plan, but not all companies pursue this strategy.
Businesses Should Do More To Protect Online Information
In today’s economy, many businesses rely heavily on the Internet in order to connect with customers, boost a financial plan and improve sales.
4 Habits of the Best Small Business Owners
If you’re not a good boss, chances are people won’t be with your company very long. In order to maintain consistency and morale amongst your staff, you will have to treat employees well and make sure you’re always displaying the habits of a good manager.
3 Tips To Improve Business Networking
Meeting new people and forming connections is one of the most important aspects of the business world. Without these relationships, it will be much harder for companies to thrive – and for employees to find fresh opportunities and improve their skills.
How To Destress Your Employees
Approximately 25 percent of American employees view work as their No. 1 stressor, so implementing methods to increase relaxation at work are crucial.
How To Forecast Revenue
The idea of predicting revenue can be a daunting one. After all, nothing is certain, and even conditions you’re fairly confident about can change unexpectedly.
The Positives of Efficient Communication
Every business needs effective communication to thrive, but it is shocking how few actually have it.
Cut Costs Without Alienating Employees
Despite recent improvements in the economy, businesses are always on the lookout for the best way to maintain corporate fitness, and a lot of executives wrongly assume that repeatedly hitting the minus sign on their financial calculator is the way to go.
Reduce Your Risk of Check Fraud
Businesses are often the primary targets of professional check fraud schemes, particularly those orchestrated by organized criminal groups. Among the various forms of fraudulent activity, payroll checks are a frequent target due to their predictable nature and high...
3 Tips To Attract Better Employees
These tips could make the difference between a bad hire and a great one for a small business.
How To Become a Tough Leader
As a small business owner, you are tasked with watching over a number of employees, your company’s financial plan and countless other elements.
Baby’s First Years: Making Sure Your New Business Starts Right
For years, friends and family have raved about your mouthwatering cakes, declaring you the best baker in town. After saving up, crafting an innovative business plan, and pouring your passion into every detail, you’re finally ready to open your bakery doors and delight customers with your creations. But how can you make sure that your dream becomes a sweet success?
First Figuring for Financial Fitness
Starting a new business is an exciting venture requiring careful planning and consideration. A financial calculator should be an essential tool in your toolkit. Before purchasing inventory, seeking a commercial loan, or hiring your first employee, it’s crucial to tally up the costs of launching your shop. This step will clarify whether your dream is attainable and help you avoid turning an ambitious idea into a fleeting fantasy.
Building a Better Business Budget
Starting a small business is an exciting yet challenging journey that requires careful planning and execution. For many owners, the process can feel overwhelming as they work to anticipate potential hurdles and lay a solid foundation for success.
Calculating Financial Fitness in Startup Situations
Starting a new business can be a thrilling yet daunting experience, particularly for first-time entrepreneurs. Beyond real estate costs, utility bills, renovation expenses, and inventory stacking, there’s a myriad of additional fees waiting to be tackled before you can finally welcome your first customers.
Recognize Workers’ Accomplishments Every Day
The success of your company isn’t achieved alone—it thrives because of the consistent effort, dedication, and dependable support provided by your staff every single day. Each team member plays a critical role in driving your business forward, contributing unique skills and perspectives that strengthen the organization as a whole.
Get a Home Business Off the Ground
Have you ever considered how many successful businesses begin in someone’s living room? They’re often driven by a handful of motivated individuals with brilliant ideas. This timeless concept still rings true today! You can turn your dreams into reality with a dash of determination and a solid understanding of what it takes to launch a new venture. The journey starts with you, so why not take the first step?
Don’t Let Work Ruin Time Away From the Office
Every small business owner has faced this dilemma—taking time off feels more like a fantasy than a reality. Instead of enjoying a well-deserved break, the phone keeps ringing, business banking tasks demand attention, and emails flood in, all while worries about the office swirl in the background.
How To Improve Working Relationships With Customers
Concerns about customer relationships can weigh heavily on small business owners striving to rise above the competition. It’s no easy feat to claim the title of best in town, but you can pave the way to success by concentrating on what your patrons truly need. Embracing this ongoing journey of understanding and meeting customer expectations might be the key to standing out in a crowded marketplace!
Surprise Your Customers With Your Service
Running a successful business requires a keen focus on customer satisfaction. This means being friendly and approachable, delivering exceptional services, and promptly resolving any issues that arise. However, with numerous companies striving to achieve the same level of customer care, you might wonder how to truly stand out in a crowded marketplace.
When Should You Fire an Employee?
Letting an employee go is one of the most challenging tasks a leader can face. As a small business owner or manager, you often have the responsibility for making tough decisions, and terminating someone’s employment is rarely easy or enjoyable. However, it’s an unavoidable aspect of running a business and ensuring its success.
Creating Publicity for Your Company
Success in business doesn’t happen in isolation; it requires visibility and recognition. For potential customers to choose your products or services, they first need to know you exist. This means actively finding and utilizing ways to promote your business and make it stand out in a competitive market.
Why You Should Ban Post-Work Communication
Picture this: it’s late at night, well after 5:00 p.m., and you suddenly realize—you forgot to pass on crucial information that your team needs for their projects, or perhaps there’s a financial plan that needs urgent tweaking from your accounting department. It could be that someone on your team neglected to submit a proposal for your approval.
3 Ways for Small Businesses to Give Back to the Community
Giving back can prove beneficial for small businesses, and there are a number of great ways to serve the community.
How A Better Website Can Improve a Small Business
Every small business should invest time and money in a website. This crucial tool can make a profound difference for any company—without one, the entire venture could suffer. Therefore, a financial plan should always include a strong website. With this in place, attracting clients, boosting business, and increasing revenue may be easier. However, simply having a site isn’t enough—several other elements must also be in place to get the most out of it.
Tips To Build a Great Business Strategy
At some point during the life of a small business, owners realize that customers aren’t flowing in. There could be several reasons for this, but regardless, the financial plan is struggling, and profits are on the way down.
Putting Together Sales Projections and What To Do When These Aren’t Met
Your small business’s financial plan should include a segment for projected revenues and sales. Forecasting revenue and growth can be tricky, and while estimates are never a sure thing, being able to present investors with thoughtful, solid predictions could go a long way toward securing funding, Entrepreneur magazine notes.
Focus on Improving Business Energy Efficiency
Business owners may look for different ways to increase their bottom line, and some of this may be accomplished by cutting their current bills.
Helping Your Business Grow at a Consistent Pace
Keeping up with consumer requests is important, particularly for businesses that want to expand. While it is crucial to find ways to help your company grow, your firm may profit if it takes a gradual approach to extend its reach.
College Graduates Could Be Ideal Employees for Small Businesses
Small businesses are forced to deal with the tough task of hiring new employees early on during the startup phase. Finding the right talent can be challenging, and making a mistake here could have serious consequences in a number of areas throughout the company.
How Can Small Businesses Utilize Big Data?
Whatever kind of business you run, there are others out there providing the same service or product. To outperform them, you need to take advantage of the information you have at hand. Through a variety of sources, you’ll better understand your audience and be able to target their specific needs. Big data provides small business owners with everything they need to reach their consumers.
How Small Business Owners and Employees Benefit From Healthcare Education
Many small businesses try to make their employees’ lives easier by providing free or low-cost health insurance. Unfortunately, it’s becoming increasingly common for business owners to lack clarity on healthcare regulations, especially now that the Affordable Care Act has overhauled how companies insure their employees.
3 Steps to a Fantastic Business Presentation
Anxiety and stress can ruin any professional, regardless of the circumstances. This is especially true when dealing with a business presentation, whether in a small meeting room or at a massive industry conference.
Simple Steps To Improve Social Media Etiquette
Running a small business successfully is all about relationships, from networking with colleagues to listening to crucial financial investment advice. However, social media has challenged traditional methods of doing things.
Turning Your Hobby Into a Career
Everybody has an activity outside of their regular jobs that they love doing, like reading, knitting, or cooking. You enjoy it, but you always have to find time in your busy schedule to squeeze it in. What if you could turn that task into a career? While it may not work for every hobby, it does happen. If you’re considering ditching your day job for a profession you think you’ll love, here are a few details you should consider.
Social Media Tips for Small Business Marketing
Social media can make the life of a small business owner much easier. From the most popular sites, such as Facebook and X, to the more niche platforms, like TikTok and Instagram, these resources can be precisely what a company needs to bolster a financial plan.
Benefits of Digital Banking for Businesses
If you’re not yet taking advantage of all the business benefits that online banking offers over traditional in-person banking, now is the time to consider making the switch. Online banking lets you do your business banking at your convenience, and it helps you keep a closer eye on your cash flow.
Crafting the Best Business Strategy
Competing with rival companies is to be expected, but more people should refrain from going after fellow business partners.
Debit, Credit, or Neither?
Why would an owner potentially drive away customers by taking away the convenience of plastic?
Business Credit Makes Money Harder
Getting a commercial loan has its uses – obtaining real estate, updating facilities or expanding existing holdings – a little extra money can help give a small business the flexibility it needs to move more aggressively in an unsure market.
It’s Time for Your Business to Embrace Digital Banking
Digital banking is a fast and easy way to handle your business’s financial needs. You’ll be able to stay up to date on your balance and all transactions, no matter where you are — whether you’re traveling to a business event, meeting a new client, or paying a vendor.
How Employee Benefits Fit Into Your Business’s Financial Plan
It’s time to ask yourself: How much do employee benefits really cost your business?
CISA Launches New Site for Ransomware Resources
CISA last week launched a new website to help organizations reduce their risk of ransomware incidents by maintaining a central location for resources and alerts.
The Basics of Writing a Business Plan for Your New Business
If you’re in the process of starting a new business — or just thinking about it — a thoughtful business plan is an essential tool. This document will provide a road map for getting your business up and running, sharpen your focus on the many details involved, and can serve as a document to secure loans or persuade investors to believe in your vision.