Category: Starting a Business

What is FinTech and How Does it Impact My Small Business?

The FinTech Revolution is bringing in billions in investment capital into the commercial financial series space, with faster access to capital, faster payment processing technologies, risk transfer services, along with integrated technologies that combine multiple areas of a business into one centralized managed function. We are truly living in the new wave of innovation that going forward will change the way we all live, bank, collaborate, and operate our enterprises forever. This new wave is fundamentally changing the financial services… Read More

What to Do if Your Small Business is Robbed

So you've managed to grow your business with consistent revenue, a good name in the community, and a trustworthy, friendly staff. All of this is helping to bring more customers in the door, and everything is going great. But then one day, some deadbeat looking for a fast track to cash decides they are going to rob your business, putting not just yourself, but potentially your employees and customers in harm's way. Your Location Being A Potential Target A recent… Read More

Should I Expand Beyond a Sole Proprietorship?

Like many business owners, you’re probably pumped about your business right now. Your cash flow is good, you’re looking to hire, and you’re expecting to keep growing over the next year. If you’re a sole proprietor, incorporating your business could help fuel your growth even faster. However, deciding whether to incorporate could completely change the course of your business, so it’s best to do your research and figure out what’s best for your company. Here’s what you may want to… Read More

How to Handle Workplace Bullying in Your Small Business

The Bureau Of Labor Statistics estimates that there are about 125 million workers in the U.S. A recent survey from The Workplace Bullying Institute (WBI) says that over 60 million, nearly half of all workers, are victims of workplace bullying. Many are under the false notion that bullying just affects grade school children and pre-teens, but the reality is that bullying doesn't stop on the playground or in the high school cafeteria. Many Americans have to wake up every day… Read More

Who Is a Small Business Owner? The Definition Is Broader Than You think

I started my first small business when I was 22 years old. It was an electric sign repair business, and it consisted of me, a truck and some tools. To find clients, I would drive around town all night looking for signs that needed fixing and then call the owner the next day from my kitchen phone and offer my services for half the going rate. It was not a sexy operation. When prospective clients called back—if they called back—I… Read More

5 Tips for Running a Family Business

The family business, whether it be a startup or a generational institution, is part of an idyllic American dream for some. Whether or not a family business owner plans or hopes to pass the business down to their children, they have to deal with the challenges of working with family. While hiring a family member or working with your spouse gives you the immediate benefit of working with someone who has equal interest in the economic success of the business,… Read More