Payroll is a critical function for any small business that has employees. It’s also a complicated function that has many aspects and comes with a host of regulations to follow. Small business owners generally have to do a lot of homework to understand the intricacies of payroll so that they can do it correctly. Fortunately, […]
Continue readingA recession may be on the horizon. We all, of course, hope that it doesn’t happen, but the possibility exists. Indicators of the recession are there, with the GDP having contracted by an annualized rate of 1.6% in the first quarter of this year and .6% in the second quarter. The GDP did grow by […]
Continue readingAre you thinking about starting a business but wondering if you have the financial resources to make the idea happen? It’s a common worry among creative business people who are itching to get their new companies off the ground. Fortunately, there are numerous techniques for raising money, keeping expenses low, reworking personal budgets to free […]
Continue readingLet your accounting fall behind as a small business owner is easy. While difficult and time-consuming, accounting is critical to any organization’s success. Maintaining balanced accounts allows you to better understand historical financial performance, including where you made and lost money, and further opens the door to better financial forecasts. The truth is that how […]
Continue readingSmall businesses are the backbone of many communities and downright inspirational when they come through in the face of daunting odds. However, sometimes, you may find yourself in a profitability pickle. While it may be a troubling place to be in, it is a natural part of the learning curve with many reasonable solutions. Hiking […]
Continue readingNo matter how large – or small – your target market is, promoting a fledgling small business can be quite the undertaking. When a new enterprise fails to garner immediate interest, many business owners adopt a “throw everything at the wall” approach, which may seem like a good idea in the moment but ultimately stands […]
Continue readingThe self-employed life comes with some major pros and cons in equal measure. On one hand, it’s an opportunity for everyday independence, control of your own career path and business goals – your success can be as great as the time you’re willing to put in. Many in the UK have turned to it, approximately […]
Continue readingSmall businesses are important to many communities, large and small. This doesn’t mean that running one is an easy task by any means, especially in light of recent events, but it does mean that running one is a challenge well worth undertaking if you have a knack for business. Given that as many as one-third of […]
Continue readingBusiness owners tend to drown themselves reading success stories of other businesses so much these days that they forget to focus on business that failed and the causes of their failures. But then, what they don’t realize is that they need to study failures as well to know beforehand what could go wrong with their […]
Continue readingWhen setting up a small business, standard practice demands that your business plan outline the risks involved, but this basic framework is often insufficient when it comes to day-to-day operations. Simply put, it’s impossible to predict the ways in which technology will change in the near future and the associated risks that come with it. […]
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