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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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Recession Proofing Your Business Requires Inventory Management

Recession Proofing Your Business Requires Inventory Management

General Business, Homepage, inflation, inventory management, recession proof your business, Small Business, SMB Financial, supply chain Tuesday, April 25, 2023 5:08 am

In the last couple of years, the biggest concern for inventory-based businesses has been supply chain disruptions. Now, the focus is on managing inventory in inflationary times with the threat of a recession looming. It’s already been reported that there’s an oversupply of cars, which likely will lead to price wars. What happens when there’s an oversupply? Less demand usually means lower prices. As quipped on PictureQuotes.com, “talk is cheap because supply exceeds demand.” While a recession is not a certainty but surely a strong possibility, what should you be doing now to ensure your inventory meets the Goldilocks standard—not too […]
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Are You Properly Insured?

Are You Properly Insured?

business insurance, business interruption, business losses, business owner's policy, General Business, Homepage, insurance coverage, Small Business, small businesses, SMB Financial Tuesday, April 18, 2023 5:25 am

Insurance coverage is a must for businesses that hope to survive the impact of storms, fires, and other dramatic, unexpected events. There are certain types of occurrences for which you may think you’re covered, but on closer examination find you’re lacking. Or, even if covered, the extent may not be sufficient. Think about the small businesses in East Palestine, Ohio, who were shut down when the train carrying toxic chemicals derailed there on February 3, 2023. Residents were evacuated and told not to return until February 8, 5 days later—when businesses also began to reopen. But small businesses suffered considerable […]
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Expiration of the COVID-19 Public Health Emergency and Your Business

Expiration of the COVID-19 Public Health Emergency and Your Business

company policy and vaccines, COVID-19, General Business, Homepage, pandemic, public health emergency, Small Business, work arrangements Thursday, April 13, 2023 6:36 am

May 11, 2023, marks the end of the public health emergency for COVID-19. Many businesses for months have been acting as if the pandemic was long since gone. But the official end to the public health emergency on May 11th, an emergency that lasted more than 3 years, can have some impact on your business and require that you take certain actions. FAQs prepared jointly by the Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury give guidance to employers on what to do now with respect to certain activities. Group health plans Group health plans are […]
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How Transparency Impacts Your Business Practices

How Transparency Impacts Your Business Practices

General Business, Homepage, increased productivity, Small Business, transparency, transparency in business, transparent pricing, trust, worker engagement Tuesday, April 11, 2023 5:50 am

According to Forbes: “Business transparency is the process of being open, honest, and straightforward about various company operations. Transparent companies share information relating to performance, small business revenue, internal processes, sourcing, pricing, and business values.” With social media, it’s virtually impossible not to be transparent. Just about everything gets disclosed on social media sites…by your customers, your employees, and everyone else. As a result, it makes sense to think about how transparency can be best employed in your business practices. (The following is an update of an earlier blog post of mine on the subject.) Ways to implement transparency in your […]
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What to Consider When Relocating Your Business

What to Consider When Relocating Your Business

business location, business relocating, business taxes, General Business, Homepage, regulatory costs, relocating, Small Business, state income tax Thursday, April 6, 2023 5:52 am

According to Allied Van Lines, Spring is typically the best season to move to another residence. It’s probably a good time, too, to relocate your business if that’s what you want or need to do. And many businesses are relocating. Due to remote work arrangements, they may no longer need their current space. Or perhaps they’re seeking a better business environment than the one in which they’ve been operating.  Here are some factors to consider when relocating, whether it’s across town or across the country. Factors to consider when relocating your business Staffing Be sure to consider what a move will […]
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The Innovative Methods of Growing Your Small Business

The Innovative Methods of Growing Your Small Business

Business, Guide, How To, Industry, Mavericks, Small Business, The Innovative Methods of Growing Your Small Business, Tips Saturday, April 1, 2023 4:58 am

Negosentro | The Innovative Methods of Growing Your Small Business | Regardless of the industry in which your small business operates, you will naturally be passionate about and dedicated to the longevity of your company. Focusing on growing and expanding your business is one of the mainstays of longevity. So, here are the five innovative […]
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Recession Proofing Your Business: How Women Entrepreneurs Survive and Thrive

Recession Proofing Your Business: How Women Entrepreneurs Survive and Thrive

General Business, recession proof businesses, recession proof your business, Small Business, SMB Financial, women business owners, women entrepreneurs Thursday, March 30, 2023 5:14 am

Recessions certainly present challenges, but there are opportunities too. Bill Gates started Microsoft during the oil embargo recession of 1973 to 1975, which is just one example of success that started during trying economic times. When it comes to starting a business or having an existing business survive a recession, I’m not sure there are any strategies or suggestions unique to women entrepreneurs. But this is Women’s History Month so let’s focus on women business owners. Recession-proofing your business with a focus on women business owners: Advice for women entrepreneurs What can women business owners do to ensure their companies […]
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