Author: Megan Sullivan
What to know about 501(c)(3) nonprofits this giving season
As a small business owner or entrepreneur, you are more than likely aware that for-profit and non-profit organizations are held to different governmental tax regulations. In …
Make to order vs. stock: Which is best for your business?
With advances in manufacturing technology and logistics, the ability to create custom products at scale has given businesses the ability to produce more make to order …
Here’s what to do when your employees are unhappy at work
Every employer hopes that their employees are always happy and satisfied with their work and working conditions. But in spite of your best intentions and preparation, employees may …
How to get paid for your expertise, advice & other intangibles
Whether your business sells services, products or both, you know that a normal day includes speaking with many different clients solely to offer them bits and …
Marketing plan examples for small business owners
As a small business owner, you have a lot on your plate. You have to oversee everything from accounting practices to hiring. One of the most critical …
21 accounting terms new businesses owners should know
As a new business owner, you likely find yourself taking on a lot of different responsibilities. You may be dealing with investors in the morning and …
7 signs your company has good financial health
It’s somewhat easy to determine if your company is doing well. You’ll be in the black every month, able to make your payroll and pay all of your monthly …
Understanding financial projections and forecasting
In order to get the attention of serious investors, it is important to have realistic financial projections incorporated into your business plan. Projections can be a …
How small businesses can fight payroll fraud
You want to trust people. You hired hard-working employees who have glowing references and you believe they are a large part of why your small business …
Operating costs: Understanding & reducing them for your small business
When looking at documents like the balance sheet and income statement, you may come across account terms that you’re not aware of. However, understanding these terms …
A small business owner’s quick-and-easy guide to payroll deductions
Paying your employees on time is a mandatory requirement for any business, no matter the size. However, paying the appropriate amount in payroll deductions could probably …
Job costing: 5 tips so your small business doesn’t lose money
The overall success of your business is directly tied to profit and loss. This relates not only to securing enough business to pay your bills and …
End the clutter: How to manage your receipts
As a small business owner, managing your expenses can be a full-time job. Juggling receipts, bills and invoices can cause you to drown in piles of paper. However, the importance of keeping your …
A small business guide to calculating & tracking overhead costs
In the course of doing business, there are costs and expenses that are not directly related to creating products or services, but must still be paid on an …
Receipt & expense tracking still tough for small business owners, self employed
With every tax season, many self-employed people and small business owners start to sweat their tax deductions. One of the greatest areas of concern year after year …
How can a single or multi-step income statement benefit your business?
An income statement, otherwise known as a profit and loss (P&L) statement, is a critical financial document for your business. Income statements produce a clear snapshot …
How to use lean manufacturing to cut waste
The idea behind lean manufacturing, also called lean production, or just “lean“ is simple: Cut waste out of the manufacturing process while maximizing productivity. No matter …
12 tips to lower your small business overhead costs
Spending money is a necessary part of building a business. Business owners can attribute many costs to producing or creating a product or service. These are …
How to choose a POS system for your business
Processing transactions cheaply and efficiently shouldn’t be difficult. However, for small businesses, it’s often difficult to find a cost-effective point-of-sale system that offers the features you need without …
Employee retention strategies: How to keep your most valuable asset
All too often, employee retention is spoken about in vague, jargon-heavy terms. Buzzwords like “company culture,” “engagement,” and “professional fulfillment” are tossed around as if their …
The most profitable businesses you can start this year
Will the start of a new year mean the start of a new business for you? If so you will likely have some questions. Where do …
Cash flow statements 101: Everything you need to know
Perhaps one of the most frustrating things about small business management is the seemingly endless list of “statements” you should prepare. And the fact that all …
Unusual tax breaks that small business owners can take advantage of
Considering all of the information, receipts and files that business owners must gather in order to successfully complete their taxes, it’s no wonder that tax season …
How your personal credit affects your business
As an entrepreneur, you should be aware that your personal credit can affect your ability to secure a business loan or other types of financing. Many lenders—especially financial institutions—review personal credit …
12 secrets for achieving a good work-life balance as a business owner
Many small business owners suffer from constantly being in “overdrive,” always working at a pace that makes mere mortals seem slow by comparison. And while a …
26 of the best home businesses to start
If you find you’re suddenly unemployed or at home with your children all day or even just looking for some side income, starting your own home-based …
