SWOT Analysis: What Is It And How To Use It
No matter what stage your business is at, a SWOT analysis can help you strategize and develop your business plan. Why? A SWOT analysis is a compilation of your company’s strengths, weaknesses, opportunities and threats. It may seem like it’s a way to figure out what you already know, but if done correctly, a SWOT analysis can […]
Renegotiate Your Business Lease
In the wake of the COVID-19 pandemic, many business owners are searching for ways to save on their expenses. Renegotiate Your Business Lease or getting a rent abatement are some options, cutting back on inventory, automating operations, or downsizing your staff, entrepreneurs across the nation are having to make some tough decisions about how to navigate through […]
Common Reasons For Businesses Funding
Here is our list of 7 Common Reasons For Businesses to Seek Funding. In the ideal world, small businesses would never need outside funding. Investors would line up outside the door as soon as you announced your startup. You would always have reserves of capital ready for the precise moment you needed to invest in […]
Best Times To Hire: Hiring Tips For Managers
The job recruitment cycle has distinct peaks and slumps that can be crucial to take note of when looking to fill or create new positions. Some industries are outliers, but there is generally a trend that both employers and prospective candidates follow. As a general hiring practice, here’s when you can get the best results […]
Small Business Strategies for Surviving a Tariff War
Lately, the news has been in a flurry with impending tariff threats and trade wars not only with China, but now with Mexico, too. Whenever talk of new (and higher) tariffs arise, the first thing economists do is look at how it affects small businesses. It may seem like American businesses would have an advantage […]
The 5 Best Apps for Small Business Owners
Sometimes it’s hard to imagine how better we have it than business owners only twenty or thirty years ago. But the truth is that there are more resources out there to help small business owners than ever before. Especially when you’re talking about the technology that has been engineered over the last decade or so with your […]
Autism Awareness In The Workplace
April is Autism Awareness Month, and for many adults with autism (an estimated over three million), there is nowhere they’d rather see progress made than in the workplace. With only 14% of adults with autism holding paid jobs in their communities, according to the National Autism Indicators report published by Drexel University’s Autism Institute, unemployment is high […]
How to Boost Morale for At-Home Workers During COVID-19
Business owners and managers have acquired several new skill sets in the last couple of months. The novel coronavirus has forced many companies to move their daily operations to a remote workplace entirely, causing necessary changes to the normal course of business and lots of undue stress for everyone. But part of being a good […]
Ways To Use Tax Season To Your Advantage
Have you been busy this tax season? Tax Day is Monday, April 15th, 2019, and many business owners are experiencing different results than normal because of the new tax policies implemented in 2018. Whether you owe or earn (and for most small businesses, it’s owe), you have options to use this tax season to your […]
What Is Debt Service Coverage Ratio & How To Calculate
Looking to take on debt to finance your business’s growth goals? Calculating your business’s Debt Service Coverage Ratio (DSCR) can help you calculate how much debt, and at what interest rates, you should be taking on. Taking on debt is a perfectly normal part of growing in the economy. What you need to examine is […]