Category: Running a Business

What Does Annual Revenue Mean for Your Business?

Business owners would do well to understand the intricacies of their business finances, including cash flow, profit, loss, and revenue. If you’re not fully sure how to measure your company’s revenue, this article will help. What Is Annual Revenue? Your company’s annual revenue, or annual sales, is the total amount of money it earns over a year. You might measure that year as a calendar or fiscal year, depending on how you do your accounting.  Revenue does not take expenses… Read More

Best Accounting Software for Construction Businesses

Running a business can be quite a task with many moving parts. One of the most important aspects of efficiently scaling a business is making sure that you are keeping accurate accounts of expenses, income, pricing, and profitability. For businesses in the construction industry, all accounting software is not created equally. And although choosing construction accounting software can sound like an additional task for an already long list of needs in running your business, it’s vital.  When narrowing down the… Read More

Best Invoicing Software for Small Business

Accounting software is a fantastic resource to help you manage your finances. Having an invoicing tool, either as part of the accounting software you use or as an add-on, can help you create professional invoices that get you paid on time. But with so many options, which is the best for your small business? The Best Options for Invoicing Software  There are several software solutions for online invoicing (and more) available, and each has its own benefits. Let’s explore a… Read More

Nav Grant Winner: Sipping Streams Tea Company

Going into 2020, life and business were good for Jenny Tse, founder of Sipping Streams Tea Company in Fairbanks Alaska. She had turned her passion for tea, health and wellness into a tea store, restaurant, factory and tea farm. After a difficult divorce, she had remarried and her husband had recently quit his government job to work in the business full-time.  Then the pandemic hit, and the first sign of trouble was a big one: a $15,000 order that was… Read More

Nav Small Business Grant Winner: Freedman’s Town Farmers Market

“Just show up and be there,” was the first lesson Sade’ Perkins says she learned when she launched Freedmen’s Town Farmers Market in Houston, Texas with the vision of eliminating a food desert in Houston’s oldest African American neighborhood. It rained the night before her grand opening and she didn’t know if she could pull it off. But she persisted, and last year brought an estimated $250,000 in economic activity to her community.   For creating an essential business that supports… Read More

I Was a Victim Of Business ID Theft: It Can Happen to You, Too

There have been 1.2 million complaints of EIDL loan identity theft as of August 2021, according to a report from the Office of the Inspector General titled Top Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2022. That means over a million business owners believe their business identity has been used to apply for COVID relief loans administered by the Small Business Administration.  I’m one of those victims. Here’s what happened to me, along with steps… Read More