Building a business takes money. If you’re starting a brick-and-mortar traditional business, it could take tens of thousands of dollars to get things rolling. If you’re dealing with intensive infrastructure needs, you may need even more — in the realm of hundreds of thousands or millions of dollars. At the other end...
Your postage machine just stopped working, and you need to send one of your employees to the post office fast to get some stamps. The only problem is she has no cash and her credit card is maxed out.
That’s where petty cash comes in. Petty cash is the money...
Lessons I learned along the way.
In a 'touchless' society, is there an app for everything? According to recent data, we're well on our way. Shutdowns, remote work setups, and shelter-in-place efforts have drastically changed personal and professional societal norms, and with the average...
Convincing buyers to open their purse strings for your product is the goal of any business. To that end, many entrepreneurs spend their early years obsessed with their product, working to ensure nothing on the market compares. Regardless of intent, spending the bulk of your energy on the product is a dangerous mistake.
Four ways to prepare your business for reopening.
Businesses all over the country are beginning to reopen, but that doesn't mean the pandemic is no longer a threat. If you're thinking about reopening, you should be prepared to instate changes to keep your employees and your customers...
Four critical tactics to help owners keep their business upright during downturns
I can't think of a time when it isn't important for a business owner to be on top of his or her business credit, but it's even more important during a recession. How you do things now will...
We go into business to make money, so wouldn’t you want to know how much money you’re making? That’s why calculating net profit margin can be so useful. Net profit margin lets you see exactly how much money your business is making after all related expenses have been taken into account.