News and information related to Small businesses and their owners.
Wondering how to buy out a business partner? You’re not alone. Just under 12 percent of small employer firms are legally classified as partnerships according to the U.S. Small Business Administration (SBA), which means around 74,000 are formed every year. About half will break up…
Slow-paying clients have always been a concern for small businesses, but the pandemic brought concerns to a whole new level. While most small businesses have net 30 payment terms, around a quarter are now waiting 20-30 days past the due date for payment, according to…
The trucker shortage is impacting the overall cost of goods and could soon halt commerce in its tracks, but what is being done to address it? Learn about the multi-pronged approach being used across the industry here.
Setting small business goals is one of the best things you can do to improve the strength of your company and overall odds of success but creating goals in a way that gets results isn’t always easy. We’ll walk you through the basics and cover…
Run Your Business More Effectively: Many business owners only hear about invoice factoring services when they face cash flow issues and need a source of financing for working capital. However, it’s a valuable financing tool for overall cash flow management and long-term growth. We’ll go…
Having a buy-sell agreement is as important as having a will. Learn how buyout agreements protect what matters most to you and how to set one up right here.
Nearly a quarter of small business owners say their greatest concern is inflation, according to the latest National Federation of Independent Business (NFIB). With the current inflation rate sitting at 7.5 percent—the highest it’s been since 1982—per the Bureau of Labor Statistics (BLS), it’s no…
So, you’ve successfully closed a deal, a significant achievement in the competitive business world. Now comes the critical moment when you’re waiting for the next customer order. However, instead of the expected engagement, you’re met with silence. So, the question arises: how do you politely…
7 Ways Business Leaders Can Prepare for Success. Business leaders face challenges unlike anything else seen in the past. From absenteeism related to COVID-19 through supply chain issues and morale, what it means and what it takes to lead effectively has changed dramatically over the…
Wondering if it’s time to hire a collection agency? We often think of collection agencies in terms of the consumer market. For example, retail stores and credit card companies often hire a collection agency when their customers don’t pay their bills. However, professional debt collectors…
