When you run a small business, you need to become a collector of sorts. Specifically, you should be collecting a host of financial records, from tax documents to receipts to invoices and more. This isn’t just for posterity’s sake....... More »
Every year, numerous small businesses find themselves in a stressful situation: They’re late on their taxes. It can happen for any number of reasons: economic downturns; financial strains such as cash flow issues or unexpected expenses; poor tax planning;...... More »
Nonprofit organizations are generally known for two things: the varied work they perform in the name of charity and their enviable tax status. Looking at 501(c)(3)s specifically: These nonprofits not only enjoy a well-known exemption from federal income tax,...... More »
One day, out of the blue, one of your business’s star employees drops a bomb: They’re leaving. You tried to pay them well, you had a good relationship, there was no animosity. But they were drawn away nonetheless. It’s...... More »
Uncertainty is a certainty in business. No one knows what tomorrow has in store, let alone the coming months and years. And yet the financial forecast is a staple of business management. What kind of utility can anyone expect...... More »
Economic downturns can pose significant challenges to businesses of any size, but they particularly threaten the stability and growth of small and midsize companies. However, with some proactive measures and strategic planning, businesses can not only weather these storms...... More »
In an increasingly digital age, a growing number of small businesses can exist (and even thrive) without a brick-and-mortar presence. Physical space is still the norm, however. Some companies simply need it by virtue of their industry — restaurants,...... More »
The past few years has seen the 9-to-5 office grind turn into the 11-to-7 grind, the 7-to-3 grind, the 8-to-6 grind, the … you get the picture. Traditional hours aren’t gone, of course, but millions of office workers have...... More »
For small businesses with only a few employees, hours are a precious commodity. And if essential personnel are using those hours on aspects of the job that they’re not proficient in — as is often the case when it...... More »
Once upon a time, many newer business owners never really understood the importance of trustworthy, dependable vendors until they faced their first couple of roadblocks. But the past few years’ worth of amplified supply-chain coverage has thrust this reality...... More »