Tag: small business
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Get the right team to have a successful startup
Managing a startup is hard work and most of the time, you’ll be needing people who have your back to keep it going. Let’s face it, it’s nearly impossible for one person to cover all of the managerial and operational needs that a starting business needs to survive. This is where a good team comes […]
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Reasons Why Your Business Needs an Accountant
Do you ever think your business needs an accountant? There is a high percentage of small business owners shutting down after just a year of operation and most of the time it is due to making wrong financial decisions. Most small business owners don’t hire an accountant so they take on all the financial responsibility […]
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Basic Steps When Starting a Business
Where should you begin when starting a business? Each person’s ideal timeline for launching a new business is different. First and foremost, you should start a business when you have enough free time to dedicate to it. You’ll need to be resourceful with funds once you’ve started your business idea and are ready to start working […]
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Guide to Tax Returns for Small Business Owners
Tax season may come as a challenge if you’re a small business owner and most will find it to be such a headache. If this is your first tax season, you will need to check out this guide to tax returns. Prepare your documents to be filed accurately and in a timely manner so that […]
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Reasons to support your local business
COVID-19 has affected small businesses the most and others had to make the tough and heartbreaking decision to close shop. Bigger companies can take the financial strain that has been brought about by the pandemic but the smaller guys and startups are greatly suffering. Everyone is gradually returning to normal life—albeit with some caution—and small […]
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Useful Small Business Tax Tips and Tricks
It’s wonderful when you start to manage your own small business. You play the biggest role whenever business decisions are made and you have the chance to explore and expand your network. However, it’s not all sunshine and daisies. Avoid the headache by taking advantage of some simple and useful small business tax tips that […]
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Great ways to Communicate with your Customers
Being able to talk to your customers is more than just speaking to them face to face or through the telephone. Utilizing social media and instant messaging will make reaching out to your customers easier. This is also a great opportunity for you to find out their needs and wants. Give your customers a more […]
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How to Increase Profits for Small Business
Running a small business is an adventure, and every journey comes with its own set of problems. According to a 2019 “Small Business Credit Survey” conducted by 12 Federal Reserve banks, while a slim majority of small businesses reported revenue gains in 2018, a whopping 73 percent reported an increase in operating costs as well, […]
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Common Challenges Small Businesses Face
Small businesses face a variety of problems throughout their initial few years of operation. Some are more difficult to overcome than others, and according to the US Bureau of Labor Statistics, over 20% of small firms fail within their first year. By the end of their fifth year, half of them have failed, and by […]
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Paying Yourself as a Business Owner
The fact that you can pay yourself as a business owner is the most appealing feature of owning a business. You are not reliant on others to run the show or compensate you for your work, unlike in a corporate business structure. This means you have the freedom to choose how much money you make […]