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What to Do When You Don’t Get Paid
As recession creeps up, it’s likely that money owed to you may become harder to collect. Perhaps it’s outstanding receivables. Maybe you’ve loaned money to ... -
Startup Ideas: 5 Business Numbers to Watch Carefully
Understanding and monitoring your business’ financial information is critical to success. When starting a business, financial terminology may be confusing and the importance of mastering ... -
Repair or Replace? That Is the Question!
When you have machines that are continually breaking down, do you fix them or get new ones? When your vehicle experiences problems on a regular ... -
10 Ideas for Avoiding Waste
Benjamin Franklin said it best: “Waste neither time nor money, but make the best use of both. Without industry and frugality, nothing will do, and ... -
Writing Off Casualty or Disaster Losses for Your Business
September is National Preparedness Month and the theme this year from Ready.gov is prepare for disasters to create a lasting legacy for you and your ... -
Less Is More in Recessionary Times
The saying “less is more” is attributed to Lugwig Mies Van Der Rohe, one the founders of modern architecture. He promoted simplicity of design. The ... -
Is Now the Time to Buy an EV for Your Business?
Most small business owners use their personal vehicle for business driving. And some small businesses own vehicles used exclusively for company driving. If your current ... -
The Good, The Bad, and The Ugly in the Inflation Reduction Act
On August 12, 2022, Congress passed the Inflation Reduction Act (I.R.A.), a $739 billion measure intended to bring down inflation, encourage green energy activities to ... -
5 Ways to Recession-Proof Your Business
Are we in a recession, which is defined as a significant decline in economic activity or two consecutive quarters of GDP contraction (something we’ve already ... -
Startup Ideas for Success: Working with Family
When starting in business you want to use all the resources you can, and that includes family members if you have them and they’re ready ... -
5 Economic Indicators that Frighten Small Businesses
Now may be the time for small businesses to hunker down and prepare for worse times to come. While the pandemic may no longer be ... -
Is It Time to Start Exporting?
Did you know that 95% of consumers are outside the U.S.? Small businesses can expand their markets to other countries and capture new customers. Exporting ... -
Summer Interns: An Answer to the Employee Shortage?
Walk down Main Street and you can’t help but notice “Help Wanted” signs in a great number of shops, restaurants, and other establishments. NFIB’s Monthly ... -
What to Do about Rising Interest Rates: 5 Ways to Prepare
On March 16, 2022, the Federal Reserve raised its federal funds rate (referred to as the fed funds rate) for the first time since December 2018 ... -
Spring Cleaning for Your Business: The Big Picture
When you think of Spring cleaning, what may come to mind is straightening out your files, cleaning up your desk, and washing down desktops and ... -
Inflation Help: 25 Ideas on Cutting Business Expenses
Inflation is making it costlier to do business. Many small businesses are reluctant to raise prices or hike them high enough to maintain their profit ... -
Retirement Plans: Voluntary or Mandatory?
As a small business, it is up to you to choose to have a retirement plan or must you do so? The legal answer is ... -
Second Anniversary of the COVID-19 National Emergency: What Small Business Has Learned
On March 13, 2020, the President declared COVID-19 to be a national emergency. This was the start of shutdowns and, according to the SBA’s Office of ...
SMB Financial
Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.
