by Hannah | Nov 13, 2019 | Financial Management, Small Business
This information stopped me dead in my tracks: “More than half of small business owners are going months without pay (if they take any at all).” In fact, according to a survey from the cash-flow optimization platform Kabbage, 25% of owners forgo pay for two to six...
by Hannah | Oct 17, 2019 | Budgeting, Financial Management, Small Business
Businesses don’t become successful by accident. The success of your business will depend on how well you plan (and execute!) in several key areas. Starting today and continuing in the coming months, we’re going to focus on one of our favorite topics – the importance...
by Hannah | Sep 25, 2019 | Budgeting, Cash Management, Financial Management, Fraud Prevention, Small Business
It’s an unfortunate truth that most business owners experience some sort of fraud. When you began your business, you likely didn’t give much thought to fraud. Retail operators have long struggled with the issues of “shrink” which accounts for about 2% of all sales....
by Hannah | Sep 3, 2019 | Financial Management, Small Business
Technology is an amazing tool. It’s created a world that was virtually unimaginable just a few decades ago. Small business owners have been benefactors of technology in many ways. No longer do small businesses need to have a full staff of people in-house. In theory,...
by Hannah | Aug 20, 2019 | Case Study, Financial Management, Small Business
One of the most powerful vehicles for learning is a case study. Why? It’s simple, really. Case studies move us beyond “what ifs?” and into reality. Today’s case study looks at one of the issues faced by many small business owners: the lack of complete and reliable...
by Hannah | Aug 6, 2019 | Sales Tax, Small Business, Taxes, Technology
If there’s one thing that’s clear to e-commerce business owners it’s this: sales tax is complicated. Really complicated. As a result of 2018’s South Dakota v. Wayfair Supreme Court ruling, e-commerce businesses face the substantial burden of having to collect tax in...
by Hannah | Jun 20, 2019 | Sales Tax, Small Business, Taxes
In my previous post I introduced the concept of “nexus” and touched on the U.S. Supreme Court case South Dakota v. Wayfair – a ruling which is now triggering new tax collection requirements for many businesses. The big question is: how will it impact yours?...
by Hannah | Jun 6, 2019 | Financial Management, Sales Tax, Small Business, Taxes
When most people hear the word “Wayfair” they think of the catchy jingle and the online store. Business owners think of something quite different. Or at least they should. Last year, a hallmark case reached the U.S. Supreme Court. South Dakota v. Wayfair decided by a...
by Hannah | May 23, 2019 | Financial Management, Small Business, Technology
You can’t have a great garden without pruning shears, rakes, trellises, and fertilizer. You can’t have a productive art studio without paint, canvas, and easels. And you can’t have a thriving business without the tools to support it. As a company grows, its financial...
by Hannah | May 6, 2019 | Budgeting, Case Study, Cash Management, Financial Management, Small Business
Case studies take us beyond theory, and into practical application. For that reason, they are a great vehicle to share information with readers. This post focuses on managing rapid employee growth in a service-based business, a problem common to many service-based...
