What is a leverage ratio?
Having more debt than operating cash flow and equity can make it difficult for a small business to make ends meet. Paying bills and employee salaries, purchasing inventory and supplies, and covering...
View ArticleGuide to Truck Load Boards
Technology is transforming the trucking industry like never before. GPS tracking, computerized truck monitoring, cloud-based fleet management, onboard diagnostics, and telematics are some technologies...
View ArticleSWOT Analysis Guide
It is essential to understand what you want your small business to become over time, how it will get there, and what resources are needed for success. You should also remain aware of what your...
View ArticleGuide to Entrepreneurship
The benefits of being an entrepreneur are many and varied. It is a fulfilling experience that also provides an opportunity to positively impact your local community, create wealth, have more control...
View ArticleThe 4 Ps of Marketing
Developing and deploying a marketing campaign, whether small or full-scale, can be very difficult, and not just from a financial standpoint. There are dozens of marketing strategies for small...
View ArticleGuide to Gross Domestic Product (GDP)
Small business owners evaluate their companies’ productivity and performance all the time. They look at sales reports, trends, profit margins, and several other indicators to determine if they are...
View ArticleIRS 1099 Tax Form Guide
The freelancing industry in the United States keeps on growing. Over 54 million Americans performed freelance or independent contractor work in each of the past eight years. Industries with the most...
View ArticleWhat is a Kiosk?
In decades past, one could go to the local market, deli, dime store, or small retail shop, and there was a pretty good chance that the cashier knew their name. This was also the case at cafes,...
View ArticleWhat is Inflation?
In a market economy, prices for products and services can fluctuate based on consumer demand, product and service availability, and the costs involved with production, labor, shipping, etc. So, it is...
View Article6 Ways to Create a Great Home Office
In today’s interconnected business world, driving to and from work and dealing with traffic has become a thing of the past for millions of workers in the United States. Their morning commute consists...
View ArticleWhat is a QR code?
There is a small matrix of square dots that can be found just about everywhere. On restaurant menus, next to products in retail stores, next to packaged food in supermarkets, on kiosks, on website...
View ArticleAll About Semi-Trucks
Do you have any childhood memories of going on road trips with your family? If so, you probably remember many sights and sounds when hitting the road. These include talking to your parents, listening...
View ArticleHow to Open a Restaurant
If you currently work in a restaurant as a server, chef, line cook, or manager, there may be times when you dream about opening an establishment of your own. Or, perhaps you work in a completely...
View ArticleWhat is SEO?
Estimated reading time: 5 minutes Search engine optimization (SEO) is the process of optimizing a website to rank better in search engine results pages, thereby increasing organic traffic to the site...
View ArticleWhat is the SBA?
Estimated reading time: 5 minutes If you are an entrepreneur, you are most likely familiar with the Small Business Administration (SBA). This United States government agency is well-known among...
View ArticleHow to Open a Business Bank Account
Estimated reading time: 5 minutes Running a small business is an involved undertaking that requires lots of hard work, dedication, and management of day-to-day operational tasks like customer service,...
View ArticleWhat is a Pop-Up Shop?
Estimated reading time: 6 minutes Have you ever visited your local shopping mall, strip mall, or outdoor farmer’s market and seen a storefront with a minimalist layout and design that seemingly...
View ArticleWhat is Net Present Value?
When evaluating your business’s finances, there is no time like the present. After all, the amount of money you have stashed away is more valuable than the sales receipts and receivables you will...
View Article401(k) Plan Guide
Saving money is one of the most sound pieces of financial advice. It is something we learned about in school and applied in the “real world” once we landed our first paying jobs. Stashing away money...
View ArticleWhat is a Trademark?
Estimated reading time: 4 minutes Whether you are launching a startup or have been in business for many years, protecting your company is a vital step that can help prevent problems in the future. You...
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