Every small business owner needs to figure out his company's solvency – its ability to bring in enough revenue to pay its bills and still realize some profit. Solvency is important because it can be a gauge of whether a company's general health is good...
A lot of people are attracted to property management. It seems relatively low-risk and it is certainly among the lower cost business ideas. And it can be a natural extension for those who are already involved in some aspect of real estate full-time or a...
Businesses today have no lack of choice when it comes to billing. And sometimes the sheer volume of options can create more confusion than clarity. So if you are wondering what is an eCheck and how it’s different from other business payment methods, here are...
One of the most important decisions you'll have to make as a business owner is which accounting system to use for record-keeping. The good news is that your choice is pretty straightforward – cash basis or accrual accounting. A lot of small business owners choose the...
Writing checks is fast becoming a thing of the past. When people need to pay their bills or make purchases, on or offline, they use their credit or debit cards, or payment processing accounts, like PayPal. And the use of fully online banks is a...
How do you pay for operating expenses, when your business is just getting started? What do you do when it’s time to grow, or you need to purchase more supplies quickly? Many entrepreneurs turn to their business credit cards to get the funding they need....
If you accept customer payments, you’re probably prepared to deal with invoicing via credit and debit cards, as well as new digital payment methods like PayPal, Apple and Google Pay. Sometimes, you might even agree to take a good old-fashioned check. Now, what about money...
‘I don’t want to earn more revenue’ said no business owner ever. Turning a good profit is the ultimate goal of any venture big or small. But getting that number up requires quite a bit of effort – doing more marketing to expand your customer...
How do people discover new goods and services? Most frequently this happens through word of mouth and online recommendations. Considering this tendency, it should come as no surprise that affiliate marketing is now driving amazing results for businesses of all sizes and shapes. Per Business Insider...
There’s a lot of business terminology and processes to learn as a new small business owner. Whether you have opened your physical doors or are working as a digital freelancer, you are running a business. You have to understand profit and loss calculation and reporting....