Small business owners face plenty of challenges and keeping pace with larger big-brand companies is often at the forefront. Playing David to the corporate giants’ Goliath is no easy feat. When you find yourself fretting over how you’ll compete with bigger stores, it helps to concentrate on what your small business brings to the table […]
When you’re launching a new business, one of the most important decisions you have to make is how to structure your venture. If you’re running the show alone, operating as a sole proprietorship often makes the most sense. However, you may rethink how you want to define your business as it evolves. If you have […]
When you hear the words “burn rate,” you most likely think of startups that are just getting off the ground and relying on venture capital for their funding. While burn rate is something brand-new companies need to be concerned with, it’s not something that established businesses can afford to overlook either. If you’ve been in […]
Previous generations placed a high priority on benefits when choosing a job. If a small business offered a high salary but no benefits, job candidates might turn it down for a lower-paying government job that had health insurance and a pension. Now that small businesses provide more than half of all U.S. jobs, pressure is […]
There continues to be a tectonic shift occurring in the commercial real estate industry and it has tenants rattled. The aftermath may not have impacted you yet, but it should be on your radar. Big box retailers are serving as anchors to move out and the brand names that we’ve come to know and trust closing […]
As a subcontractor, your business often depends on the contractor whose project you’re working on. The contractors are paid upfront for their work. However, it can be days or even months for the contractor to resolve your invoices for services rendered. So how do you keep things running smoothly in the meantime? If you’re comfortable […]
Needing to expand is a good problem to have as a beauty salon or spa owner. It’s a mark of your business’s overall health when demand for your services makes an additional location or the hiring of new employees a necessity. Before you can move forward with an expansion, however, you’ll need to decide how […]
Whether you own an upscale boutique, serve as head chef at your own bistro or run a bookkeeping service, one thing is certain—it takes a steady supply of cash to keep your business up and running. When you need to purchase inventory, pay employees or replace a piece of equipment, if you don’t have enough reserved, […]
Your business is growing faster than you ever thought possible. Sales have never been higher and your products are flying off the shelves. The problem? You are clueless about your cash flow, you have investors knocking on your door, you haven’t made projections for how your business will be doing a year from now (never […]
3 Businesses Weigh in on the Benefits (and perils) of Daily Deal Technology Perhaps you’re one of many consumers whose inbox fills with a ‘daily deal’ email or three each morning? If you’re also a merchant, you might be wondering whether participating in a daily deal technology would be beneficial for your bottom line. Sure, […]
