When you hire an employee, there’s salary or hourly wages to consider, but that’s just the starting point for the true cost of a new hire. How do health insurance, payroll taxes, workers compensation insurance and more factor into the big picture, not to mention various hidden costs like work space and training? Using an … Continue reading How Much Does an Employee Really Cost?
There are plenty of ways that new tax laws in Washington will affect your bottom line, but not until you file your 2018 taxes. You can still take advantage of 2017 tax breaks now and then start planning for changes next year. Depending on how you and your business will be affected, it might be … Continue reading Is the New Tax Law Good for Business?
All business owners want to be successful, but the statistics are high for failure in the first five years. Not understanding customers, differentiating the business in the marketplace or leveraging future growth are some of the top reasons businesses fail. So, what makes business owners successful? It takes a lot of time, effort and planning … Continue reading Top Three Characteristics of a Successful Business Owner
Time is money, at least to many people. Simplifying your finances can save not only time but also reduce stress and possibly put more money in your pocket in the long run. Being able to see a clear picture of your financial situation is invaluable. Money matters often seem unmanageable or overwhelming, but these 10 … Continue reading 10 Ways to Simplify Your Finances
So, you want to be a business owner? Owning your own business comes with a lot of perks — and could be something you can pass on to future generations — but it’s also a big responsibility. As many current business owners reach retirement age, the option to purchase an existing business is becoming more … Continue reading Buying vs. Starting a Business
In a rising interest rate environment, now is a good time for small businesses to think about cutting costs and boosting savings. Some cost-cutting strategies are quick and easy, like getting rid of unnecessary expenses or scaling back free lunches, but others represent more long-term options that can make your business leaner, more profitable … Continue reading 10 Money Saving Tips for Small Businesses
Effective July 1, 2017, three of the major credit-reporting companies began following improved standards that will cause some credit scores to rise. As part of the National Consumer Assistance Plan (NCAP), TransUnion, Experian and Equifax are no longer including information about tax liens and civil judgments on a consumer’s record if the data doesn’t include … Continue reading Why Credit Scores are on the Rise
It’s no secret that those who are successful in business set goals. It’s easy to get lost in the day-to-day shuffle of business operations, but goals can help you stay on track, measure progress and get to the next level. Maybe you want to increase profits, improve customer service or launch a new product. Defining … Continue reading 5 Tips for Setting Goals
All businesses want to grow. The big question is how much. Even modest growth is required for a small business to stay viable, but sometimes small businesses are ready to make the leap to large business. If you’ve decided the time is right to significantly grow your company, there are few things you should know. … Continue reading The Five Ps of Surviving the Leap from Small to Large
After developing your business plan, a mission statement is often viewed as next most important step in launching and sustaining a new business. Without an overall goal or philosophy, it’s easy to lose focus and forget why you established your business in the first place. While serving as a reminder to you, a mission statement … Continue reading Writing a Mission Statement that Inspires