Wondering how to buy out a business partner? You’re not alone. Just under 12 percent of small employer firms are legally classified as partnerships according to the U.S. Small Business Administration (SBA), which means around 74,000 are formed every year. About half will break up…
Slow-paying clients have always been a concern for small businesses, but the pandemic brought concerns to a whole new level. While most small businesses have net 30 payment terms, around a quarter are now waiting 20-30 days past the due date for payment, according to…
The trucker shortage is impacting the overall cost of goods and could soon halt commerce in its tracks, but what is being done to address it? Learn about the multi-pronged approach being used across the industry here.
Setting small business goals is one of the best things you can do to improve the strength of your company and overall odds of success but creating goals in a way that gets results isn’t always easy. We’ll walk you through the basics and cover…
Run Your Business More Effectively: Many business owners don’t hear about invoice factoring until they run into a cash flow crunch and need working capital to cover an expense. However, it’s a valuable tool that can help businesses run more effectively overall. We’ll go over…
Having a buy-sell agreement is as important as having a will. Learn how buyout agreements protect what matters most to you and how to set one up right here.
Nearly a quarter of small business owners say their greatest concern is inflation, according to the latest National Federation of Independent Business (NFIB). With the current inflation rate sitting at 7.5 percent—the highest it’s been since 1982—per the Bureau of Labor Statistics (BLS), it’s no…
Customer Order : So, you’ve closed the deal once. It’s now time for your customer to place the next order, but all you’re hearing is silence. So, how do you ask a customer for a new order? The right approach may help your business win…
7 Ways Business Leaders Can Prepare for Success. Business leaders face challenges unlike anything else seen in the past. From absenteeism related to COVID-19 through supply chain issues and morale, what it means and what it takes to lead effectively has changed dramatically over the…
Wondering if it’s time to hire a collection agency? We often think of collection agencies in terms of the consumer market. For example, retail stores and credit card companies often hire a collection agency when their customers don’t pay their bills. However, professional debt collectors…
