Category: Growing a Business

P&L Management for Small Business

P&L Management for Small Business

When I started my first business, I wasn’t doing it because I was particularly jazzed about accounting and spending a lot of time with my nose in the books. I know people who really enjoy that part of running a small business, but at that time, that wasn’t me. I did come to appreciate just how important it was and learned that embracing the books would help me build a more profitable business. I also came to appreciate that even… Read More
The 3 Best Payroll Software Platforms for Small Businesses

The 3 Best Payroll Software Platforms for Small Businesses

If you have employees, you have the task of paying them on time, tracking their vacation time, and making sure they have employee benefits. You can certainly hire payroll professionals to manage that job for you, but if you have only a handful of employees, you can likely take the job on yourself and save a little money. The best payroll software for small business is designed for small and medium-sized business owners who don’t have human resources or payroll… Read More
Forming an LLC in Texas

Forming an LLC in Texas

Have you been told that forming an LLC in Texas for your company would be a smart move? There are plenty of reasons to consider a Texas LLC formation as a business owner, but you may have no clue where to start. This article will explain the benefits of the limited liability company business entity, walk you through the steps to form one, and even explain why you might want to hire a registered agent for the process. Why and… Read More
Learn How to Create and Maintain an LLC in Florida

Learn How to Create and Maintain an LLC in Florida

If you have a Florida business, you should choose the best business structure for your needs. The limited liability company (LLC) is one to consider, and this article details more about how to form a Florida LLC. With a Florida limited liability company, you protect your personal assets and realize some great tax benefits.  Read on to learn more about why you might want to form an LLC formation in Florida. Understanding Business Entities Before we look at the benefits… Read More
The Key Steps in Accepting Credit Card Payments for Your Small Business

The Key Steps in Accepting Credit Card Payments for Your Small Business

Accepting debit and credit card payments in your business can help you make more money. The more payment methods you offer to customers, the more likely they are to shop with you. But if you’re new to running your own business, you may not know how to accept credit card payments or what your credit card processing options are. How do you process a transaction? What are the fees? In this article, we’ll discuss the benefits of accepting debit and… Read More
Solvency vs Liquidity: What is Financial Solvency?

Solvency vs Liquidity: What is Financial Solvency?

It’s a pretty well-accepted fact that a lot of businesses don’t make it past their second birthday and the average lifespan of a small business is only 8-½ years. Understanding that, it makes a lot of sense for many small business owners to ask, “Is my business solvent?” or “What is financial solvency?” It also makes sense for a small business owner to wonder, “What’s the difference between financial solvency and liquidity?” What is Financial Solvency? A business is solvent… Read More