All About Business

Common sayings about small businesses get thrown around that are too often taken as truth. Most of us have heard someone say that 50% of all small businesses fail within the first year or that 90% of restaurants fail within the first year. These cliches get repeated so frequently that they’re accepted as fact when … Read more

Figuring how much money your business is making is critical to its continued existence and future success. Equally important is determining your business’s expenses — both direct and indirect costs — and their impact on your bottom line, which is your net profit. Profit margins are one of the simplest and most widely used ways … Read more

The process behind many of the big decisions that drive large corporate actions is something of a mystery to many Americans. They may imagine a complex negotiation process and huge stacks of legal documents outlining any major or minor decision. In reality, most big companies simply outline their decisions in documents called corporate resolutions, then … Read more

The term fiscal year is one you’ve likely heard but might not know its true meaning. A company’s fiscal year is extremely important because the Internal Revenue Service uses it to determine your business’s tax year and deadlines to submit tax returns. Because it carries tax implications, it is critical that you understand what a … Read more

A lot of work goes into starting a franchise business. Even though a franchise has an established and proven business model, it doesn’t mean you should assume starting a franchise is easier than starting a brand-new business from scratch. Both involve a lot of hard work on your end. If you are interested in starting … Read more

Strategic planning helps your business build a roadmap that takes it from your starting point to achieving your vision. Your business vision should be about you, your business and what you want to achieve within a set timeframe. Once you’ve crafted a vision that represents your goals, it’s time to start strategizing. A SWOT analysis … Read more

Owning and operating an online business is no cake walk just because it’s online but the benefits it offers entrepreneurs are appealing for many reasons. For starters, there is no one to answer to except yourself and you have the ability to earn unlimited income to name a few. If you’re debating whether to start … Read more

With the United States economy on an unprecedented 10-plus-year period of expansion, entrepreneurial activity has been hotter than ever. But with so many different types of businesses to start — be it online or brick-and-mortar, local or national, products or services — it can be tough to know which businesses are the best to start. … Read more

If you’re an entrepreneur who dreams of running and growing your small business, setting up a business bank account to manage your company’s money should be one of your first steps. But opening business bank accounts means choosing a bank, which raises the question: What is the best bank for small business? To aid in … Read more

If you’re a small business owner, you want to make sure that your employees are always paid right on time and without delay. And if you want to save time and energy, you’re better off investing in payroll software that can handle this for you. But in a sea of seemingly endless programs, how do … Read more