Category: Running a Business

The Most Important Financial Concept an Entrepreneur Should Know

July 8, 2015 Guest Contributor

Guest post by Tim Berry. Read the original post on Quora. For more from Tim Berry, visit Timberry.com. What is the most important financial concept an entrepreneur should know? Too many people think that cash flow is the same as profitable, which leads sometimes to dangerous complacency. True, they are related; but you can be profitable and run out of cash. Just being profitable isn't enough to guarantee cash. And by the way, cash and cash flow in this context… Read More

Business Owner Statistics [Infographic]

June 3, 2015 Lydia Roth

Over the past year, Nav has introduced new Business Owner Stories on a weekly and bi-weekly basis. We are proud to announce that we just passed the threshold of 100 Business Owner Stories! We took the information that we learned from these business owners, compiled and analyzed the results. Here's what we found.

Be More Productive: How to Get the Most Out of Your Coffee

February 10, 2015 Lydia Roth

Coffee & Productivity Coffee is no doubt the defining symbol of the American workplace. Over half of all adults over 18 drink at least three cups per day, mostly in the morning. But is all this coffee consumption really energizing us? (more…)

Small Business Hacking On Rise: What You Can Do To Prevent Cyber Attacks

October 28, 2014 Jared Proctor

According to Verizon’s 2022 Data Breach Investigation Report, 61% of small and medium-sized businesses (SMBs) encountered a cyberattack in the previous year. Meanwhile, IBM’s Cost of Data Breach Report found that each attack costs SMBs an average of $3 million. Cybercrime has become so prevalent that you can’t afford to not take action—especially if you own a small business. The reality is smaller companies are particularly vulnerable to security breaches. Hackers know many owners believe they don't have the time… Read More

The Truth Behind Profits in the Restaurant Business

August 14, 2014 Guest Contributor

Guest post by Peter Baskerville. Entrepreneurs interested in opening a restaurant may think that an experienced cook and a good location will undoubtedly bring in huge profits for their business. In reality, the restaurant industry is characterized by small profit margins — around 2 to 6 percent on average according to the Restaurant Resource Group. Below is a post from Peter Baskerville on the nature of profit in the restaurant industry. Is the restaurant industry characterized by high profit margins… Read More

One Small Step, One Giant Leap for Your Business

July 23, 2014 Jared Proctor

45 years ago this past Sunday, humanity took a huge leap forward. It’s the day the United States first put men on the moon and safely returned them home. Not only did this feat captivate the world, it inspired millions of people to dream big. The challenges were many and success required persistence and passion. Sounds a little like starting and running a small business, huh? 5, 4, 3, 2, 1... Let’s lift off and see what your business can… Read More