Tag: small business
-
The Basics of Small Business Accounting
On its most basic level, accounting is how a business keeps track of how much money is coming in and going out. Small business accounting involves the process of tracking, recording, and analyzing the financial transactions of your business. It translates numbers into a comprehensible statement about the profitability of your business. If you’re a startup company […]
-
How A Professional Can Help You Run A Business
Small business owners have a lot of responsibility when it comes to their company. They oversee operations, take on inventory, look after clients, and manage people. All this comes while running the business and coming up with ways to stay competitive and driving sales. So what happens when they hit a wall or when they’re […]
-
Payroll Guide for Small Business Owners
Payroll is the business process of paying employees. Running payroll consists of calculating employee earnings and factoring out federal and state payroll taxes. As a small business owner with employees, you need to know how to do payroll. This payroll guidewill make sure that you’re paying wages properly and stay in line with US tax […]
-
Invoicing Mistakes to Avoid
Keeping a record of your sales is important especially when it’s time to make your financial reports. Staying up to date and organized with your invoices will show you how your business is growing and can even strengthen the relationship you have with your clients. When you run a business, there are mistakes to avoid […]
-
Small Business: Common Accounting Terms
Most business owners don’t necessarily have to have an accounting degree in order to run a business but knowing some common accounting terms will help with communication within your team and third-party individuals who you will most likely encounter during your business’s lifespan. Familiarize yourself with these common accounting terms as these will now be […]
-
The Most Common Reasons Why Small Businesses Fail and How to Avoid it
Running a small business is hard and multiple factors come into play to make it work. Small business owners make plenty of sacrifices and endless hours to stay operational and competitive. They also need to make careful, calculated decisions that while balancing risks and opportunities. It’s a tough job. There are plenty of reasons why […]
-
Customer Satisfaction for Small Business Owners
Customers are the lifeblood of any company. Gaining new customers should be one of the top priorities of small businesses. Customer satisfaction is a reflection of how a customer feels about interacting with your brand. If you are consistent with giving a great quality experience to your audience, these customers will turn into loyal customers. Having […]
-
How to make your small business stand out
Statistics have shown that more than 50% of small businesses fail within the first 5 years of operations. The success rate for small business entrepreneurs is very slim, and a number of factors contribute to this statistic. How can small businesses survive? What will you need to make your small business stand out? Differentiation is […]
-
Building a Strong Brand Identity for Small Business Owners
Brand identity is the visible elements of a brand that identify and distinguish the brand in consumers’ minds. It’s what differentiates you from others businesses in the same industry. Ignoring brand identity is a common mistake that most small business owners make at the start of their operations. As a small business owner, you need […]
-
How to Reduce Small Business Costs
It doesn’t take a lot of time or even a lot of work to reduce costs in your small business and create processes that can cost you less money over time. In certain situations, it’s about making better decisions while choosing where to invest your funds. There are ways to slash the expenses without feeling […]