Finding innovative ways to attract and retain customers is essential for maintaining and growing your small business’s cash flow. One successful strategy, for many enterprises, is the implementation of gift card programs. If you haven’t considered offering gift cards to your own business, there’s no better time to start—and they’re not just limited to retail …
How Offering Gift Cards Can Boost Your Small Business Sales Read More »
Environmental and social responsibility are becoming increasingly important—and small business owners have the power to make a positive impact by embracing sustainability. Adopting sustainable practices can also save money and enhance the resilience and longevity of your business. No matter how large or small your company may be, there are many ways you can make …
Running a small business comes with myriad responsibilities. One requirement that often catches entrepreneurs off guard is managing estimated tax payments. Unlike traditional employees who have taxes withheld from their paychecks, business owners are typically required to make quarterly estimated tax payments to the IRS. If you’re new to running your own business, working with …
As a small business owner, you’re likely familiar with the importance of personal credit reports and how they can impact your financial life. Business credit reports are similar, but they have several key differences. Understanding the intricacies of business credit reports is important for managing your company’s financial health and ensuring its long-term success—even if …
When you start your own business, the jargon can be confusing. What’s the difference between an SSN, ITIN and EIN? What are these used for? Here’s what you should know about these identifiers, and when your small business may need to use them. Social Security Number (SSN) A Social Security Number (SSN) is perhaps the …
The job market is competitive. Small businesses often find themselves struggling to attract and retain employees. Finding and retaining talent can be difficult for any business, especially when your cash flow is limited. However, there are some cost-neutral perks that can make your company stand out to prospective employees—without putting unnecessary strain on your budget. …
Employee Perks Small Businesses Can Afford to Offer Read More »
Every small business owner should separate their personal and business finances. The first step is opening a dedicated business checking account. Business and personal checking accounts have some key differences, and understanding them will help you choose the right features for your company. Business vs. personal checking accounts Business checking accounts should be used for …
What’s the Difference Between Business and Personal Checking—And Why Does it Matter? Read More »
In recent years, remote work has gained popularity. Businesses now have the opportunity to tap into a global talent pool—even small businesses. While hiring remote workers can be a strategic move, navigating the logistical challenges can be tough. Legal and tax logistics When hiring remote workers from different states, familiarize yourself with the employment laws …
Logistical Considerations When Hiring Remote Workers Read More »
Pricing a product is a critical aspect of any business strategy. Your prices can significantly impact your success—but how do you know what to charge? The right pricing model for your company takes factors such as production costs, customer demand, competition and brand perception into account. To navigate this complex decision, small businesses should learn …
Understanding Pricing Models and When to Use Them Read More »
The rise of digital tipping screens in small businesses has changed the way customers show their appreciation. From restaurants to spas, businesses are adopting preset tipping options to enhance the tipping experience for both customers and employees. However, implementing digital tipping options requires careful consideration to strike the right balance and cater to the unique …
Should Your Small Business Use Digital Tipping Options? Read More »
