How to raise your prices

As prices continue to rise, you’ve likely noticed that your cost of doing business has increased as well. With that in mind, you may be considering raising your prices – as you should. After all, the main point of any business is to make money, and you can’t do that if you’re no longer breaking even. Read on to discover some tips on how to raise your prices, and how…  Read more

Tips to increase engagement during the holidays

The holiday season is typically busy, whether you run a retail business or a service-based one. If you’re not helping shoppers, you’re helping your clients fit in their appointments before year end. There’s a lot to do and the time passes quickly. Take this opportunity to show clients and customers how much you appreciate their business. After all, it’s less expensive to retain existing clients than it is to attract…  Read more

Weekly Digest – November 16, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as…  Read more

Weekly Digest – November 16, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Fed hints that it may soon slow interest rate hikes Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon ease up on its aggressive interest rate hikes, saying that it may soon be appropriate to move to a slower pace. Stock market steadies as…  Read more

5 signs you need to start outsourcing tasks

When you start a small business, it’s usually only you behind the whole operation. You wear many hats, from CEO to clean-up crew. As you pour your heart and soul into your business and it begins to grow, the amount of work involved grows with it. Because a small business is so focused on survival, you pay a lot of attention to the bottom line. This makes a lot of…  Read more

Employee vs contractor – what you need to know

Depending on the nature of your business, you may have workers who are employees or contractors, or you may have both. Each has their merits, but it’s important to review which are which in order to meet your tax obligations. When you have an employee, you must withhold income tax as well as report on additional benefits. Contractors generally look after their own tax obligations. It’s against the law to…  Read more

8 tips for staying in budget this holiday season

The holidays are officially upon us, and chances are you’re starting to feel a bit spendy. It’s only natural. We want to spread that feeling of good cheer around by buying presents for those we love. There’s nothing wrong with that, but keep your pocketbook in mind. Nothing kills the joy of the season like a giant credit card bill come January. Keep your spending in check by following these…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

Business Update – November 9, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Oil prices dip in response to China’s Covid containment strategy As rumors swirled that China would be easing its zero-Covid policy, oil prices began to climb. However, they fell again on Monday when Chinese government officials signaled that the government has no intention of changing directions. Sweeping changes continue…  Read more

How to manage small business inventory

When starting a small business, business owners often think about things like the storefront, branding, and displays. They think of smiling employees and happy customers. It’s not usually the image of the shelves and cupboards in the back stockroom that fill their heads. But inventory is a critical component of your business. Sales are made and lost because of inventory control so it can’t be overlooked or left to sort…  Read more

Prepare your inventory for the holiday season

The holiday season is without a doubt the busiest time of year for many retail businesses. It’s a great opportunity to showcase all that you have to offer and bring in new products to see how they do. But, the excitement probably wears off when you think about managing all that inventory. Don’t despair. With a bit of preparation you can manage your inventory during the holiday season, and glide…  Read more

Business Update – November 2, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz…  Read more

Business Update – November 2, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The Dow Jones had a really great October The Dow tumbled a bit on October 31, but despite that was still up 14% for the month. That means it had its best monthly gain since January 1976. Most people have stopped making retirement contributions A new report from Allianz…  Read more

5 common payroll implementation errors you can easily avoid

Upgrading or changing your payroll system comes with a ton of wonderful benefits. Saving time and money, making everyone’s lives easier, and better integration are all good reasons to consider a change. But if the switch is mishandled, the results can be catastrophic and lead to long-lasting problems. Read on for some tips on how to avoid a disastrous payroll system migration. 1. Give the project the time it needs…  Read more

How to improve your inventory process

A business that involves inventory is exciting to set up, but it also comes with its share of challenges. It’s easy to become overwhelmed by inventory management. Adopting some helpful tools and strategies will make the inventory management process much easier. Read on for some tips on how to improve your inventory processes. Use barcodes It’s typical for a small business to start out with simple price tags because they’re…  Read more

Business Update – October 26, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman…  Read more

Business Update – October 26, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Stock markets start the week strong All three major indexes were up on Monday – a welcome change from the volatile conditions of recent months. Investors seem optimistic as we await earnings calls, with numbers from big tech firms expected later this week. Goldman Sachs fears “accidental recession” Goldman…  Read more

How much you should raise your prices

Few business owners enjoy breaking the news of an upcoming price increase. However, when you own a business you have to deal with ever-increasing costs. Although inflation is an unpleasant part of life, it is still part of life. Price increases are inevitable for a sustainable business. If you want to stay afloat, you’ll have to do them – and regularly. Read on for some tips on how to determine…  Read more

How much you should raise your prices

Few business owners enjoy breaking the news of an upcoming price increase. However, when you own a business you have to deal with ever-increasing costs. Although inflation is an unpleasant part of life, it is still part of life. Price increases are inevitable for a sustainable business. If you want to stay afloat, you’ll have to do them – and regularly. Read on for some tips on how to determine…  Read more

Business Update – October 19, 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Recession likely, but not yet certain Economists have been warning of a “perfect storm” of conditions pointing to a serious recession for most of the year, but some economists are still saying that it’s not a certainty yet. Time to apply for student loan forgiveness President Joe Biden announced…  Read more

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