Category: Running a Business

Purchasing Power for Small Business: A Guide

Purchasing Power for Small Business: A Guide

Purchasing power is how much one of your dollars can buy. Small business owners and entrepreneurs usually have a more limited purchasing power than large businesses.  Buying power increases and decreases depending on the state of the economy. The current tough economy has lowered small businesses' purchasing power, but there are steps you can take to increase it again. Learn what purchasing power means for your small business, what determines purchasing power, and moves you can make to boost your… Read More
21 Small Business New Year’s Resolutions You Can Start Today

21 Small Business New Year’s Resolutions You Can Start Today

A new year’s resolution isn’t only helpful as a personal promise — the sentiment can and should extend to your small business. By making business-wide resolutions, small business owners, entrepreneurs, and managers can promote growth, increase the bottom line, and improve company morale. Now it’s time to decide which small business new year’s resolutions to prioritize. Here are the most common new year’s resolutions for small business owners (or startups that are making their debut) that can help create your… Read More
How Student Loan Debt Relief Could Affect Small Businesses

How Student Loan Debt Relief Could Affect Small Businesses

One of President Biden’s biggest campaign promises was to forgive federal student loan debt — a pretty big promise to the 43 million Americans who currently owe the U.S. government over $1.6 trillion for their higher education, according to the Education Data Initiative. So when the Biden administration announced a three-part plan in August 2022 to forgive up to $20,000 of federal student loan debt for federal borrowers who make less than $125,000 a year (for single filers), it felt… Read More
What the Housing Market Tells Us About Small Business Today 

What the Housing Market Tells Us About Small Business Today 

The U.S. housing market has been in the news a lot recently, as home sales and prices have started to decline after a boom through the Covid-19 pandemic. In an attempt to slow inflation, the U.S. Federal Reserve (or the Fed) has increased interest rates, which directly affects home prices and affordability — higher interest rates mean more expensive mortgages, which can be a deterrent for home buyers. Homeowners may see their home values decline as there are more houses… Read More
The Definitive Lineup of the Web’s Best Business Calculators

The Definitive Lineup of the Web’s Best Business Calculators

Small business owners and entrepreneurs can use funding for startup costs or to grow their business, but you need to know the exact cost you’ll pay lenders. Or perhaps you want to evaluate your return on investment on a potential project. That’s where a small business calculator comes in.  Nav’s experts rounded up the best calculators for small business that are available to you for free. Keep reading to learn how to use business calculators to give you better control… Read More
What Retail Businesses Can Do About Overseas Product Shipment Delays

What Retail Businesses Can Do About Overseas Product Shipment Delays

Small business owners in the ecommerce and retail industries have been dealing with delayed delivery times since the pandemic began. But there are steps you can take today to improve the process and ease the pressure from your business. In this article, we cover how long you can expect shipping to take, why so many shipments are delayed, and what small business owners can do to handle these challenges. How Long Is International Shipping Taking Right Now? Retail business overseas… Read More