When it comes to managing a retail business, such as a fashion boutique, maintaining a healthy financial status is crucial for ensuring success in the … Read more about 5 Reasons Why a Line of Credit Could Benefit Your Retail Boutique
FAQs on Small Businesses in 2023
Small Business Week 2023 runs from April 30 to May 6, so it’s a great time to be talking about small business. Often “small business” is a buzz word … Read more about FAQs on Small Businesses in 2023
Recession Proofing Your Business Requires Inventory Management
In the last couple of years, the biggest concern for inventory-based businesses has been supply chain disruptions. Now, the focus is on managing … Read more about Recession Proofing Your Business Requires Inventory Management
Are You Properly Insured?
Insurance coverage is a must for businesses that hope to survive the impact of storms, fires, and other dramatic, unexpected events. There are certain … Read more about Are You Properly Insured?
Recession Proofing Your Business: How Women Entrepreneurs Survive and Thrive
Recessions certainly present challenges, but there are opportunities too. Bill Gates started Microsoft during the oil embargo recession of 1973 to … Read more about Recession Proofing Your Business: How Women Entrepreneurs Survive and Thrive
Recession-Proofing Your Business: Handling Debt
On February 1, 2023, the Federal Reserve raised its interest rate by a quarter of one percent, making it the highest rate since October 2007. This is … Read more about Recession-Proofing Your Business: Handling Debt
Supplement to J.K. Lasser’s Small Business Taxes 2023
This year’s book reflects the tax rules as they stood on December 1, 2022. But tax law is not static and new legislation, IRS pronouncements, and … Read more about Supplement to J.K. Lasser’s Small Business Taxes 2023
3 Hidden Business Costs and How to Reduce Them
You know you have to pay the rent, your payroll costs, and many other obvious expenses. That’s because you have a bill, a contract, an invoice, or … Read more about 3 Hidden Business Costs and How to Reduce Them
Your Business GPS Plan
You’ve all heard of a business plan, and hopefully you’ve even done one for your business. But have you considered a business GPS plan? The difference … Read more about Your Business GPS Plan
Recession-Proofing Your Business: Making Strategic Plans
Each year for the past several years, I’ve run a series of articles throughout the year on a single main topic and this year will be devoted to … Read more about Recession-Proofing Your Business: Making Strategic Plans
Cutting Payroll Costs without Cutting Payroll
As a recession looms, companies should be thinking about ways to reduce their overhead. There may be no need to take action now, but being prepared to … Read more about Cutting Payroll Costs without Cutting Payroll
Hold Your Annual Board Meeting: When, Where, and What to Do
Many businesses are in the midst of their busy season. Nonetheless, there’s a housekeeping matter that shouldn’t be overlooked. One of the … Read more about Hold Your Annual Board Meeting: When, Where, and What to Do
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 … Read more about What to Do When You Don’t Get Paid
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 … Read more about Startup Ideas: 5 Business Numbers to Watch Carefully
Withholding 2.0: More to Consider
In the old days, employers had to withhold money from employees’ paychecks primarily for two purposes: income tax withholding and FICA. Income tax … Read more about Withholding 2.0: More to Consider
