Do you own a service business? If so, you know that figuring out how to price services isn’t always easy. To make sure your small business is profitable, try these tips for pricing services.Read More Strategies and Formulas for Pricing Services at Your Small Business
What Is a Point of Sale System, and How Can It Improve Your Day-to-day Operations?
According to one source, over 60% of small businesses don’t have a point of sale system in place. Does your business fall into 60%+? If so, your small company could be missing out on a smoother system and in-depth sales reports.
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According to a recent study, 60% of Americans don’t have enough money to cover an unexpected $1,000 expense. What about your business? Do you have enough money tucked away to deal with a sudden expense? If not, you need to give your cash reserve some love.Read More What Is a Cash Reserve?
If you use a double-entry bookkeeping system, you know that every account you debit requires you to credit the corresponding account, and vice versa. But what happens when the transaction affects more than two accounts? It’s time to create a compound journal entry.Read More Step up Your Accounting Game With a Compound Journal Entry
As a business owner, you might need to hire a worker at some point or another. And depending on your type of business, you might need to hire employees, independent contractors, or both to get the job done.Read More What Is an Independent Contractor?
When Goldilocks broke into the Three Bears’ home, she needed a bed that was just right—not too small and not too large. Likewise, when you break into the market, you need to set prices that are just right—not too low and not too high. Could freemium pricing be your “just right” strategy?Read More Going the Freemium Pricing Route: What You Need to Know
If you want to operate your small company legally, you likely need some business licenses and permits. There are federal, state, and local licenses and permits you might have to apply for. It all depends on your business.Read More “Do You Have a Permit for That?” Business Licenses and Permits You Need to Stay Legal
Part of being a business owner is dealing with all kinds of expenses. One of the expenses you incur and manage are general and administrative (G&A) expenses. Never heard of G&A expenses? Need a brief refresher? Here’s the rundown on what is G&A and how it works in your business.Read More Welcome to Your Go-to G&A Expenses Guide
There are plenty of things to do before you open your new business. One of the most important tasks is choosing a small business structure. If your business is a single-member limited liability company (LLC), you may have heard the term disregarded entity. If you haven’t, don’t worry! A disregarded entity isn’t bad news. So, […]Read More One Isn’t Always the Loneliest Number. What Is a Disregarded Entity?
How much money do you really have to spend? What about your employees? To figure out your available spending money, you need to find your disposable personal income. What is disposable personal income?Read More What Is Disposable Personal Income?