You’ve come up with a great business idea, but now you have to execute it. One of the first dilemmas an entrepreneur will face is what type of business entity to create. For a small business owner, three of the most popular options are a sole proprietorship, an S corporation (S corp) or a limited liability company (LLC).Read more
In the age of credit cards, mobile payment and e-banking, many business owners wonder whether paying by check still has a place. To help you decide for yourself, we’re sharing some of the risky business with checks as well as a few benefits that may keep you from writing them off altogether.Read more
Time is money, so are you ready to manage both? Business financing can be a tough terrain to navigate, especially without an entire accounting department to guide you. Taxes, invoices, outflows and inflows – where do you even begin?Read more
Having strong leadership is even more important in small businesses than it is in larger corporations. Small businesses need a good sense of direction in order to grow and succeed. You’ll need to be a leader who acts and has a vision for the future of your company and your employees.Read more
When you’re just starting your journey as a small-business entrepreneur, you might be tempted to offer a long list of products or services. After all, what could be better than being known as the best company for all of those services? But in reality, it’s pretty difficult – if not impossible – to establish yourself as the best at something if you’re juggling so many different offerings.Read more
It can be hard to market your new home construction company against your more established competitors. While there’s a lot that goes into successful marketing, we’ve curated a small list of tips that will help you get your marketing campaign off on the right foot.Read more
You’ve probably heard the saying “location, location, location!” before. Where you decide to open your small business will be one of the most important decisions you’ll make.Read more
Whether it’s a conference, a business meeting or even drinks at a bar, interacting with new people can be uncomfortable. The bad news is that as a business owner, it’s more important for you than most to get out of your comfort zone. The good news is that it will pay off in some pretty amazing ways.Read more
For many, preparing a budget is a challenge. A good business budget will save money, help you stay out of debt, and achieve your business goals.
A well-planned budget can also help you face emergencies and market trends that cannot be foreseen.
Here are three simple steps can guide you in preparing an effective and stress-free budget for your business:Read more
For a small business, every expense count. Even minor increases in expenses can have an impact on profit and sustainability. Simple, planned steps can greatly influence profits for small businesses.
Small businesses have to also step back and look carefully on past expenses as often as possible to understand business fluctuations better to stay strong.Read more