September 22nd can only mean one thing — it’s the 67th anniversary of American Business Women’s Day! Some of you may not be familiar with the holiday and that’s perfectly okay. From its humble yet mighty founding date in 1949 to present-day social media campaigns that fight for and champion working women everywhere, we’ve got your primer to exploring little-known facts behind the big day and how it has gone the extra mile to celebrate businesswomen.
As fall is quickly approaching, all of the kids are headed back to school! Similarly, small businesses are also getting back to work after summer vacation. The summer is often filled with employee vacations, varying schedules, and shorter work weeks, but now that we’re headed into fall and the holidays are just around the corner, it’s time to get back to business.
We asked our small business experts how they’re getting back to work after a summer of fun. Here are our favorite answers: (more…)
It is quite a challenge managing time when you are a small business owner or manager. The fact is, you wear a lot of hats. You do not have a 9 to 5 day where you do a set amount of work and then go home.
Mastering time management skills is the most important thing you can do for yourself and your company. Setting priorities, and allocating the correct amount of time for each responsibility for you and your staff is difficult, but the payoff is worth the trouble. (more…)
Computers are a necessary part of everyday life. Companies and individuals alike use them for nearly everything which changes the industry all the time. Tech support of ten years ago is completely different than tech support now, and IT companies need to adapt to the changes in order to stay relevant.
Three of the common mistakes that IT support companies make include:
1. Ignoring the need for multiple technicians
2. Refusing to modernize
3. Putting the customer second
Making these mistakes—or not—can be what makes or breaks your IT support company. (more…)
Applying for a small business loan is a lot of work. It takes time and effort to research options, compile paperwork, fill out forms, and do everything else that goes into each application—especially when it’s not totally clear how standards vary from lender to lender!
With so much involved and so much at stake, you don’t want to be blindly filling out multiple applications and hoping your guess work pays off—so it’s important to make sure you check the qualification standards of each lender before you fill out their loan application. By knowing what each individual lender is looking for, you can increase your chances of being approved.
When you’re doing your research, one of the main criteria you’ll see pop up time and time again is your debt-service coverage ratio. Not sure what that is, how to calculate it, or why lenders care about it so much? We’ll explain. (more…)
Starting a business is a huge process; it doesn’t happen overnight. Once you’ve incorporated, what comes next? We asked our small business experts what they did just before or after they opened their doors. Here’s what they had to say…
“When you start a business you need to get your legal docs (operating agreement or articles of incorporation) and accounting systems set up first.
Once your business foundation is set up you need to focus on your product or service so you can provide customers with value that they will pay for.
Finally, and most importantly, you need to focus on sales and marketing. Unless you can sell your product or service then you don’t have a business!
Registered Agents are imperative for your business. The most common reason for this is that all entities doing business must register to do business within a state. And these states may also require having a Registered Agent within that state to complete the valid registration. It is clearly required by law for most states but, most first-time business owners don’t know the answers to what exactly a Registered Agent is and why shouldn’t they be their own? (more…)
As a management consultant, I’ve seen many business leaders struggle to delegate. Whether it’s a reluctance to let go of responsibilities, or failure to bring in professional management to deal with burgeoning administrative workloads, failure to delegate can stop business growth in its tracks.
In this article I want to look at the art of delegation and how an approach known as ‘monkey management’ can help increase workplace productivity at all levels of management. (more…)
The world of insurance can be a huge headache for small business owners. Since getting your business off the ground is your number one priority, it may seem unimportant to get the proper coverage in the early days of your business. However, it is imperative to remember that even in the early days of operation, your company may run into some unexpected and costly issues. Having insurance, especially the right type of insurance, is vital for the future growth and success of your business. (more…)
You worked so hard to build this business from the ground up; it’s important to keep it protected. We were curious to see what types of insurance different business owners subscribe to in different industries. Here’s what they had to say…
“My husband and I own a business creating handcrafted grooming products. We want people to feel confident using our products and we want to protect our business and family, so for us, insurance is a must. We have a Commercial General and Product Liability policy through the Indie Business Network geared specifically for makers of handcrafted cosmetics.” –Carrie Seibert, Soap Commander, LLC (more…)