Category: Running a Business

What You Need to Know About Filing for Bankruptcy

January 24, 2018 John Tucker

Sometimes filing bankruptcy may be your best option due to inefficient debt management or other legal bills that could have amassed. Sometimes, business owners, in particular, can do these things to avoid bankruptcy. There are five major types of bankruptcy in the United States, and for this article I will provide details of these filing options, along with the consequences of filing bankruptcy and other information to use at your disposal should you need to utilize the U.S. Bankruptcy Code.… Read More

What You Need to Know About Merchant Processing Discount & Surcharge Programs

January 22, 2018 John Tucker

With the rise of the internet, many merchants have gained more insights into the workings of the merchant processing industry today than ever before. This includes the following facts: The processing terminals that were pitched on multi-year leases for $50 to $120 per month, wholesale for only $200 - $400. The interchange base rates are highly visible, with V/MC for example, posting new variations twice per year in April and November. There are multiple players in the processing ecosystem. The… Read More

The Inspirational Story of the Brothers Who Created Arby’s

January 18, 2018 John Tucker

During the 1960s and '70s, there was massive hype over the expansion of quick serve restaurants McDonalds (due to Ray Kroc) and KFC (due to Colonel Sanders). However, there was another massively growing fast-food chain that was taking significant market share, and that chain was “Arby’s.” Today, the Arby's Restaurant Group Inc. is the second-largest fast-food sandwich chain in America, second only to Subway, with Panera Bread and Jimmy Johns coming in at a very close third and fourth. But how… Read More

Purchasing Vs. Leasing Cars: Which Is Better for Your Business?

January 10, 2018 John Tucker

The tax code provides many advantages to business owners, allowing them to deduct many more line items compared to non-business owners. Strategically using the tax code in this fashion with, for example, the opening of a home based business, could allow you to transform many personal expenses into business expenses, leading to lower taxes. One major personal expense to business expense transformation is that of your car, or more specifically, the business use of your car. If you use your… Read More

7 New Year Resolutions You Can Make for Your Business

January 1, 2018 Jennifer Lobb

A new year is upon us, and for many of us, that means taking inventory of our lives, deciding where we can improve, and making resolutions to guide us through our journey to improvement. While we typically think of resolutions as personal promises, the sentiment can and should extend to professional organizations. By making companywide resolutions, small business owners, managers, or individuals in other leadership roles can promote growth, increase the bottom line, and improve company morale. Not sure what… Read More

Why I’m Excited for 2018

December 22, 2017 Levi King

One Christmas, driving home from work in the middle of a snowstorm, I saw a guy in a broken down car at a busy intersection. People were being jerks—honking their horns and swerving around him rather than stopping to help. In the spirit of the season, I pulled over and offered my assistance. Luckily, the street he was facing sloped slightly downhill, and I was able to push him for a block or so until he steered into an empty… Read More