Taking out a loan is incredibly common for small business owners. After all, few individuals have enough cash on-hand to meet every challenge or opportunity when it comes to growing their company, and taking out a loan is a good way to establish your relationship with a lender. There are some common …
Small Business Resources
5 Ways To Increase Retention Rates By Engaging Workers
How much is high turnover costing you? While investing in your workforce can seem expensive, spending too little on training and employee compensation can negatively affect your bottom line. Losing employees, particularly those with experience, places a burden on your business. The cost to …
Announcing Good Jobs, Good Business
How much are high turnover, operational or customer service problems, low productivity, or waste costing you? What would your company look like if you tackled some of these obstacles through a new “good jobs” strategy? Investing in your workforce is no simple feat. However, cutting labor costs …
CalSavers: California mandates all employers offer some type of savings plan to employees
CalSavers is a state run auto-enroll ROTH I.R.A., launched in 2019 as a response to California legislation for all types of employers to offer some type of retirement plan for their workers to save in attempt to help today’s workforce adequately prepare for a financially secure future. As a …
Nine Lessons for Business Success: Get Involved With Your Company
If it’s your job to eat a frog, it’s best to do it first thing in the morning. And if it’s your job to eat two frogs, it’s best to eat the biggest one first. – Mark Twain What does it mean to get involved with your company? A small business owner gets up each morning and eats frogs. Those …
Employee Engagement: Purpose That Inspires
Imagine you are in the job market, and just came across this chart. Would you be inspired to join the workforce? Today’s workforce is proving to be quite dynamic and diverse. Those willing to engage their employers, and those willing to understand an employer’s culture before joining will …
6 Cash Flow Management Best Practices for Small Business Entrepreneurs
The world we live in is fast-paced, and businesses rise and fall in an instant. In 1998, Nokia was the biggest mobile phone brand in 1998 and in 2003, they launched the Nokia 1100, which was the best-selling mobile phone of all time. However, in 2007, the iPhone arrived and in a mere six years, the …
5 Helpful Small Business Social Media Tips from Marketing Professionals
There are different ways that you can market your small business to your audience in the digital age. You can use online advertising, but advertising is similar to renting an audience. There is email marketing, but this form is more of a sales channel rather than a means to build a connection with …
8 Ways How to Make Sense of Your Small Business Financial Statements
Launching and running a small business is a challenging task, and it gets even more complex if you need to handle your financial statements single-handedly. One study suggests that almost 30% of small businesses fail because they run out of cash, which clearly show how important it is to keep an eye …