Category: Running a Business

Unique Entity Identifier (UEI) Replaces DUNS Number

Unique Entity Identifier (UEI) Replaces DUNS Number

The federal government has replaced the DUNS Number with a new unique entity identifier known as the Unique Entity ID. Here’s what that means for your small business, and what you need to do now.  What is a Unique Entity Identifier? The Unique Entity ID is the official identifier for doing business with the U.S. Government as of April 4, 2022. It is a 12-character alphanumeric ID assigned to an entity by SAM.gov. The federal government uses a system called… Read More
Business Success: Defining and Driving Key Results

Business Success: Defining and Driving Key Results

What Defines Success in Business? Every entrepreneur goes into business with the highest hopes of it being successful. However, identifying what “success” is could be very individual to you based on your personal goals as a business owner. Is success creating generational wealth? Is it building, scaling, then selling your business to the highest bidder? Is it creating a franchise of your business that will generate passive income for a long time? How to Define What Success Means for Your… Read More
National Small Business Week 2024

National Small Business Week 2024

Every year for over 60 years, the U.S. Small Business Administration (SBA) has celebrated National Small Business Week (NSBW). The purpose is to focus on the contributions that America’s entrepreneurs and small business owners make to our economy, culture, and overall business community. Events across the country mark the week, including awards ceremonies and virtual events. Read on to find out more about NSBW and how you can participate.  When Is National Small Business Week? In 2024, NSBW is from… Read More
QuickBooks for Small Business Review

QuickBooks for Small Business Review

Keeping track of your small business’s invoices, payroll, and expenses can be a lot — here’s where QuickBooks for small business comes in. QuickBooks allows you as a busy small business owner to outsource your bookkeeping and other accounting tasks you simply don’t have time for.  We know that choosing an accounting software can be confusing, and that’s why we wrote this review. We’ll cover the various QuickBooks products, how to choose the right one for your small business, and… Read More
Gusto Payroll Review

Gusto Payroll Review

Running payroll is an essential task for many small business owners, but it can be time-consuming and complicated as your business grows. The best payroll software offers flexible functionality to streamline the payroll process, so you can save time and avoid mistakes.  Whether you have employees, pay yourself a salary, or pay contractors, there are multiple steps involved. You need to onboard new employees and withhold taxes, file tax forms for contractors and employees, and make sure employees get their… Read More
Small Business Bookkeeping

Small Business Bookkeeping

If you want to run a successful small business, you’ll need sound bookkeeping to make sure your finances are in order, you’re following all financial laws, and you can predict what you’ll need to do in terms of finances going forward. But if you didn’t go to school for accounting (and most small business owners haven’t), you may not know where to start. Here are some ideas on what bookkeeping entails, and how you can establish good bookkeeping habits to… Read More