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5 Business Lessons I Learned from My Dad

5 Business Lessons I Learned from My Dad

business lessons, Father's Day, General Business, Homepage, lessons learned, running a business, Small Business, taking risks Thursday, June 15, 2023 5:15 am

Father’s Day is a few days away and this day reminds me of the business lessons I learned from my dad at the dinner table each day while I was growing up. He was a co-owner of a machine shop—a small business—that made parts for such items as telephone equipment, helicopters, and the Minuteman missile. Needless to say, his lessons—spoken and unspoken—had a profound impact on me. This is a blog I’ve run before but wanted to honor my dad by re-running it now…with some modifications. Lesson 1: Running a small business is 24/7. My dad talked about the routine […]
The post 5 Business Lessons I Learned from My Dad appeared first on Barbara Weltman.

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Small Biz Congressional Measures to Watch and What to Do

Small Biz Congressional Measures to Watch and What to Do

business loans, federal law, Homepage, Small Business, SMB Legal, veteran entrepreneurs, veteran-owned small businesses Tuesday, June 13, 2023 5:15 am

There’s tremendous partisanship reported regularly in the media. But in actuality, there’s considerable bipartisan action going on. Small business matters shouldn’t be partisan; issues need to be addressed. Fortunately, the Small Business Committee in the House has taken some steps to help small businesses. The following is a brief overview of current bi-partisan bills on small business matters that have passed the Committee. Be sure to communicate your support or disapproval with your representative in Congress…you can make a difference. Current bills on small business matters 7(a) Loan Agent Oversight Act The SBA’s 7(a) loan program is the most common […]
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Improving Productivity and Organization Within Your Small Business

Improving Productivity and Organization Within Your Small Business

Automation, Guest Blog, Homepage, Organization, Productivity, remote work, Small Business Friday, June 9, 2023 5:16 am

Times are tough right now for small businesses. With the effects of the pandemic still lingering, along with the current cost of living crisis, keeping a small business afloat can be difficult. While these are not things you can control as a small business, improving productivity and organization (among other things you can control) can be beneficial in keeping your business competitive. You will find that by making adjustments and improvements to your business, you will be able to maintain your loyal customer base as well as gain more customers in the future. So, how exactly do you make these […]
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Lessons for Small Business Owners from Poor Richard’s Almanack

Lessons for Small Business Owners from Poor Richard’s Almanack

business plan, favorite quotes, General Business, Homepage, lessons, Small Business, small business owners, transparency Tuesday, June 6, 2023 5:14 am

Published annually by Benjamin Franklin from 1732 to 1758, Poor Richard’s Almanack was a compendium of weather predictions, advice, poems and stories, jokes, proverbs, and more. It was a best seller in its day. A number of the famous bits of advice, which arguably were “borrowed” from other sources, are still helpful today for small business owners. The following is some advice that holds true now and what I think it can mean for you. “Well done is better than well said.” Poor Richard’s Almanack, 1737 As a business owner, you need to walk the talk. This is true in […]
The post Lessons for Small Business Owners from Poor Richard’s Almanack appeared first on Barbara Weltman.

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Strategies for Handling the Little Expenses

Strategies for Handling the Little Expenses

business expenses, cash, cash advances, Homepage, reimbursement arrangements, Small Business, SMB Financial, tax time Thursday, June 1, 2023 5:27 am

With inflation still prevalent, those nickels and dimes, or $5 and $10 expenses, may not seem so important. But they can add up. Just $10 a month is the equivalent of a $120 a year, which could purchase a mid-level inkjet printer, a meal for 2 at a nice restaurant, and so on. Not so long ago (and maybe still in some companies), there was a petty cash box that could be tapped by authorized employees to pay for little things…a tip for a delivery person, pizza for staff, etc. Maybe the box had $50 or $500. Today, most expenses—no […]
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What Are Your Sentiments about AI?

What Are Your Sentiments about AI?

artificial intelligence (AI), automation tools, decision making, General Business, Homepage, Small Business, small businesses, Technology Tuesday, May 16, 2023 5:22 am

Artificial intelligence or AI, a term coined in 1956, is in the headlines every day. It’s been touted as the best thing to come along and the worst thing as well. The reality probably lies somewhere in the middle. Will it mean the end of humans (as Stephen Hawking suggested), or at least a big job killer (replacing 300 million jobs worldwide)? Will it provide solutions for small businesses? Have you thought about AI and your business? Do you understand what ChatGPT can do (there are already more than 100+ million users)? It’s time to understand the technology and what it […]
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5 Reasons Why a Line of Credit Could Benefit Your Retail Boutique

5 Reasons Why a Line of Credit Could Benefit Your Retail Boutique

business finances, Cash Flow, Guest Blog, Homepage, inventory management, line of credit, seasonal business, Small Business, SMB Financial Friday, May 12, 2023 5:21 am

When it comes to managing a retail business, such as a fashion boutique, maintaining a healthy financial status is crucial for ensuring success in the competitive industry. One way to achieve financial stability is by leveraging a business line of credit. A business line of credit is a flexible financing option that allows you to borrow funds up to a predetermined credit limit, and only pay interest on the funds you actually use. In this article, we will explore five compelling reasons why a business line of credit could benefit your business, providing you with the financial tools necessary to […]
The post 5 Reasons Why a Line of Credit Could Benefit Your Retail Boutique appeared first on Barbara Weltman.

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How Being a Mom Prepared Me to Run a Business

How Being a Mom Prepared Me to Run a Business

Business, business owner, celebrating mothers, General Business, Homepage, moms, Mother's Day, running a business, Small Business Thursday, May 11, 2023 5:38 am

Mother’s Day, the second Sunday in May, is an annual event to honor the sacrifices that mothers made for their children. For retailers, it’s an opportunity to sell gift items. For restaurants, it’s a time that moms are taken out for brunch or dinner. For me, it’s a time to remember my mom. And it’s given me pause to think about what being a mom has trained me to do when it comes to running a business. Here are my thoughts on what I learned from raising children. Set rules There are certainly different parenting approaches. I choose to be […]
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Federal Tax Legislation Proposed to Help Small Businesses

Federal Tax Legislation Proposed to Help Small Businesses

federal tax law, Homepage, R&D costs, Small Business, small businesses, SMB Taxes, tax legislation, taxpayer Thursday, May 4, 2023 5:09 am

The National Taxpayers Union (NTU), the oldest taxpayer advocacy organization in the U.S., said in a letter to the House Small Business Committee  in April that federal Tax Code unfairly burdens small businesses. Well, we know that! To ameliorate this, several measures have been proposed in Congress to change current federal tax rules in order to help small businesses. It’s impossible to know whether some or all will be enacted; it’s likely most if not all won’t become law. Still, it’s worthwhile to know what’s happening and to tell those who represent you in Congress what you support. Small Business […]
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FAQs on Small Businesses in 2023

FAQs on Small Businesses in 2023

General Business, Homepage, National Small Business Week, self-employed individuals, Small Business, small business owners, small businesses, SMB Financial, Statistics Tuesday, May 2, 2023 5:50 am

Small Business Week 2023 runs from April 30 to May 6, so it’s a great time to be talking about small business. Often “small business” is a buzz word used by politicians and large corporations that want to look sympathetic to the challenges actually faced by self-employed individuals and small business owners. But it’s also a favorable status that can help businesses get a pie of the federal government’s procurement pie. The fact is: small businesses are statistically significant. The SBA’s Office of Advocacy released FAQs about small businesses. Note that the SBA usually defines small businesses as those with fewer than […]
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