8 Hidden Costs of Running a Small Business (and How to Reduce Them)
Don’t let the hidden costs of running a small business creep up on you. Explore the most common ones and their solutions in this guide.
Category: Small Business News News and information related to Small businesses and their owners.
Why Your Business Can’t Afford to Ignore Cyber Theft Insurance
Cybercrime is on the rise and growing more costly, but your BOP or cybersecurity insurance may not include cyber theft insurance. Here’s what you need to know.
10 Common Legal Issues Small Businesses Face
Legal issues for small businesses are a growing problem. It’s now estimated that, if your business is earning under $1 million annually, you’re paying an average of $35 in tort costs per $1,000 of revenue, according to the Institute for Legal Reform. These are only…
Top 7 Things Business Owners Should Have, But Often Don’t
How many times have you told yourself, “If I had known this before, I would have done things much differently?” Probably quite a few. Running a business is a bit like a trial by fire. You don’t know what you don’t know until it matters….
Generational Diversity in the Workplace: How to Understand and Manage Your Workforce
Age diversity is one of the most overlooked competitive advantages in business. Each generation brings something unique to the table, and when those strengths come together, your team becomes more adaptable, creative, and resilient. However, synergy doesn’t always come naturally, and you’ll likely have to…
11 Cash Flow KPIs Every Small Business Should Track
Did you know that most small businesses experience cash flow challenges? Even if your business is healthy and growing, incoming cash rarely aligns with outgoing expenses, which can create gaps and friction in your finances that impact every aspect of operations. However, by tracking a…
Top 4 Types of Small Business Scams and How to Prevent Them
Over 60 percent of businesses report being the target of scammers, according to Better Business Bureau (BBB) polls. Nearly three-quarters of those who say they’ve been scammed report losses of $250,000 or more. Small businesses are often the preferred targets, with reports of some forms…
10 Financial Habits for Businesses to Improve Profit Margins
If you’re trying to boost profitability in a small business, there’s no shortage of advice. However, much of it is abstract or requires a complete overhaul of your systems. While these tactics can help, they’re not always realistic for business owners who are already stretched…
How to Perform a Cash Flow Stress Test Effectively
Did you know that 82 percent of small business failures can be traced to cash flow issues, per Forbes research? Meanwhile, more than half of all small businesses say uneven cash flows are among their top challenges, per the latest Small Business Credit Survey (SBCS)…
How Tariff Negotiations Affect Small Business Strategies
Has your small business been feeling the strain of tariff negotiations? Sometimes it’s obvious, like when the cost of inventory skyrockets overnight or critical supplies are no longer available. Other times, it’s subtle, such as when a regular customer hesitates to place the next order…
News and information related to Small businesses and their owners.
Why Your Business Can’t Afford to Ignore Cyber Theft Insurance
Cybercrime is on the rise and growing more costly, but your BOP or cybersecurity insurance may not include cyber theft insurance. Here’s what you need to know.
10 Common Legal Issues Small Businesses Face
Legal issues for small businesses are a growing problem. It’s now estimated that, if your business is earning under $1 million annually, you’re paying an average of $35 in tort costs per $1,000 of revenue, according to the Institute for Legal Reform. These are only…
Top 7 Things Business Owners Should Have, But Often Don’t
How many times have you told yourself, “If I had known this before, I would have done things much differently?” Probably quite a few. Running a business is a bit like a trial by fire. You don’t know what you don’t know until it matters….
Generational Diversity in the Workplace: How to Understand and Manage Your Workforce
Age diversity is one of the most overlooked competitive advantages in business. Each generation brings something unique to the table, and when those strengths come together, your team becomes more adaptable, creative, and resilient. However, synergy doesn’t always come naturally, and you’ll likely have to…
11 Cash Flow KPIs Every Small Business Should Track
Did you know that most small businesses experience cash flow challenges? Even if your business is healthy and growing, incoming cash rarely aligns with outgoing expenses, which can create gaps and friction in your finances that impact every aspect of operations. However, by tracking a…
Top 4 Types of Small Business Scams and How to Prevent Them
Over 60 percent of businesses report being the target of scammers, according to Better Business Bureau (BBB) polls. Nearly three-quarters of those who say they’ve been scammed report losses of $250,000 or more. Small businesses are often the preferred targets, with reports of some forms…
10 Financial Habits for Businesses to Improve Profit Margins
If you’re trying to boost profitability in a small business, there’s no shortage of advice. However, much of it is abstract or requires a complete overhaul of your systems. While these tactics can help, they’re not always realistic for business owners who are already stretched…
How to Perform a Cash Flow Stress Test Effectively
Did you know that 82 percent of small business failures can be traced to cash flow issues, per Forbes research? Meanwhile, more than half of all small businesses say uneven cash flows are among their top challenges, per the latest Small Business Credit Survey (SBCS)…
How Tariff Negotiations Affect Small Business Strategies
Has your small business been feeling the strain of tariff negotiations? Sometimes it’s obvious, like when the cost of inventory skyrockets overnight or critical supplies are no longer available. Other times, it’s subtle, such as when a regular customer hesitates to place the next order…