There are few more significant steps in a small business’s early life than when you hire your first employee. It’s essential if you ever want to grow your business, but it represents a big change in how things operate. When you first start a business, there are so many moving parts and variables, but you […]
If you’re serious about growing your small business and building your customer base, it takes extensive research and planning. You can’t take anything for granted about your audience, your products, or your business environment. You need to understand the variables you’re working with and make every effort to control the ones you can. You can’t […]
Creating a partnership can be a great way to propel your small business. You should be aware of some things, such as the partnerships that you can form and the liability differences between the types. What is a Partnership? A partnership is a relationship between two or more people that agree to conduct business together. […]
In times like these, a new small business needs every advantage possible. Even with lots of hard work and careful planning, many small businesses fail to survive long enough to establish themselves and build a customer base. Money is always going to be tight at the beginning. You can’t carve out a market niche for […]
For many new business owners, getting started is the easy part. Business growth, on the other hand, presents a new kind of challenge. Successfully scaling a business requires more than grit and ambition. You need a well-thought out strategy to grow your business, attract new customers, and retain old ones. How exactly does one do […]
Starting a small business can provide you with a wealth of opportunities. Even though accounting and bookkeeping may seem similar, there are notable differences between the two. Here is how accounting and bookkeeping can help you as you start your small business. Why Is Accounting Important for Small Businesses? Accounting is essential for small businesses […]
It’s perhaps inherently obvious that running a small business involves risk. Every business faces risks associated with changing economic conditions, competition, or other market forces, but oftentimes, these risks can have irreparable effects on a small-sized organization. No matter how much preparation, education, and experience small business owners have in their respective fields, internal and […]
Whether you’re getting ready to launch your first business or are a serial entrepreneur, it’s essential to understand your commercial insurance coverage. You might already know that some insurance policies, like Workers Compensation, are legally mandated but commercial insurance also works to make sure you, your employees, and your business assets are protected. The right […]
Running a small business can be a labor of love. It takes a lot of hard work, but you do it because you’re committed. You have a dream you’re fighting to make a reality. It’s hard to succeed without that kind of drive, but passion alone isn’t enough. For your business to have a strong […]
The COVID-19 recession has arrived. These steps will show small businesses how to outlast the economic downturn and become strong examples of a recession-proof business model. If the Great Recession is anything to go by, this global pandemic spells real trouble for small businesses in America. Early reports indicate that COVID-19 stands to have an […]
