Category: Running a Business

When to Use Business Credit Monitoring Services | A Guide for Small Businesses

When to Use Business Credit Monitoring Services | A Guide for Small Businesses

Highlights Strong personal credit and business credit helps businesses qualify for certain small business loans, insurance, and partnerships.  Monitoring business credit can help your business reduce the risk of the growing problems of fraud and ID theft. Consider business credit monitoring as soon as you start your business. Learn how business credit monitoring works, and pick the right service for your business.  “I pay my bills on time, so I don’t need to monitor my credit.” That comment came from… Read More
Five Simple and Inexpensive Asset Protection Strategies

Five Simple and Inexpensive Asset Protection Strategies

Asset protection strategies are essential for safeguarding your wealth from unexpected events or liabilities. While some methods can be complex and expensive, there are five relatively simple and cost-effective techniques that can provide significant protection: umbrella insurance, life insurance, annuities, retirement accounts, and 529 accounts. Understanding these strategies and how they can benefit you will help secure a business owner’s hard earned assets and ensure the financial future for your loved ones. Please note:  The degree of asset protection provided… Read More
Small Business Owners Guide to IRS Business Codes and NAICS Codes for Financing Success in 2024

Small Business Owners Guide to IRS Business Codes and NAICS Codes for Financing Success in 2024

Starting a small business exposes you to a whole new lexicon of acronyms from ROI (return on investment) to POS (point of sale systems). One that will no doubt be confusing the first time you come across is “NAICS codes”.   Ignore it at your own expense, because the wrong NAICS code may make it harder for your business to get funding. Here’s why.  What are NAICS Codes? NAICS codes refer to North American Industry Classification System codes. These codes are… Read More
Calculating Annual Business Revenue 101: Why Is It Important?

Calculating Annual Business Revenue 101: Why Is It Important?

“How much money do you make?” That would be a rude question if asked by a stranger, or even a friend. But if you are a business owner seeking financing or money from investors, you’ll encounter that question all the time, and you better be prepared to answer it.  Understanding the meaning of annual revenue, how to calculate annual revenue, and then to be able to confidently share that number when required, can be key when growing a financially healthy… Read More
What the Visa Mastercard Settlement Means for Your Small Business 

What the Visa Mastercard Settlement Means for Your Small Business 

Visa and Mastercard have reached an agreement with merchants in a twenty-year-old lawsuit that, if approved, could reduce the amount of money businesses that accept credit cards pay in interchange fees, also known as “swipe fees.” It is expected to save businesses that accept credit cards at least $29.79 billion over the next five years. Here are answers to common questions small business owners may have about the settlement. What Is This $30 Billion Interchange Settlement About? In 2005, merchants… Read More
Boost Your Restaurant Business with Google Reviews: A Complete Guide

Boost Your Restaurant Business with Google Reviews: A Complete Guide

Getting customers in the door is one of the biggest challenges for any business, including restaurant owners. You can serve the most delicious food and offer the best service, but if prospective customers don’t find your restaurant in the first place — or if negative online reviews scare them away — you won’t get the chance to wow them.  Google restaurant reviews can be a key part of your marketing strategy. Here’s what you need to know.  Intro: Online Reviews… Read More