There are dozens of ways to improve your inventory management. In this article, we have five important tips for establishing you beginning of year inventory so that you can report your taxes correctly. The Internal Revenue Service requires you to value your inventory at year’s end so that you can determine your cost of goods […]
5 Tips for Better Inventory Management Read More
So, you’ve hired some new team members, but how do you give them the warmest possible welcome? For many smart companies, the answer is to shower them with branded swag on day one! And it’s not a bad strategy—surprising new hires with welcome kits is a great way to instill company pride from the get-go
10 Onboarding Kit Ideas to Make Your New Employees Feel Welcome Read More
The federal government offers a number of grants to small businesses owned and managed by women. Most of these grants allow flexible use of the money as long as it doesn’t go toward startup expenses. The two major houses for information about federally sponsored grants are: Grants.gov: This is the main databases of federally sponsored
Women in Business: Grants for Female Entrepreneurs Read More
Being a small business owner has lots of very difficult challenges that need to be met and overcome. Managing your finances is one of those many challenges that will no doubt be a substantial consideration for those hoping to maximize profits in a small business. Fortunately, there are many ways that you can keep your
Basic Financial Advice for Small Business Owners Read More
As a business owner, your priorities should not only be to make a sale, but to create a loyal customer from a one-time shopper. These days, offering a quality and innovative product or service is no longer enough to stay competitive in your niche. One of the biggest factors that separate successful companies from those
Four Ways you can Boost Social Engagement for Your Business Read More
A vital component in being a successful business is effective communication. While that may seem like a simple concept, poor communication strategies seem to be a common theme in all businesses, no matter their size. Improper communication practices can create problems and pitfalls for teams working to accomplish their goals, and can even impact your
How to Improve Internal Communication in Your Small Business Read More
Many business owners haven’t had the opportunity to attend fancy college programs in business and finance. Nonetheless, there are many terms related to loans and credit that you need to understand, especially if you are about to apply for your first business loan. Here is IOU Financial’s rundown of important lending terms. ACH Transfer: An
Lending Terms Business Owners Need to Know Read More
Although January has only just ended, how many of us can truly say that we have stuck to the goals we set out for ourselves for 2019? The truth is that only about 10% of people actually carry out the goals they set out too, so if you have strayed from your objectives, you are
Strayed From Your 2019 Goals? How to Get Back on Track! Read More
It takes a lot of money to keep a small business going – especially if you’re trying to make that business grow. When money is so important, every single cent needs to be spent wisely. Many small businesses wind up spending a lot more money than they actually need to spend. Those funds would be
6 Useless But All-Too-Common Expenses That Turn Your Business Into a Money Pit Read More
According to Benjamin Franklin, there are only two certainties in life: death and taxes. Although tax season is still a few months away, it’s advantageous that business owners start preparing for it now. There are certain steps that need to be taken to be able to report the right amount to the IRS and make
Tax Season Prep: Five Steps to Get You Ready Now Read More