Category: Small Business Advice

Catch a Break: Deducting Capital Equipment For Your Small Business

Purchasing all the equipment your business needs can be tough, especially when accounting for tax season. However, as a business owner, you owe it to yourself to take advantage of all major tax advantages possible, including the Section 179 deduction. Not sure what Section 179 is or how it works? Read on for a detailed … Continued

How To Build Up a Financial Cushion for Your Small Business

It’s one thing to have enough money to cover daily operating expenses for your small business. It’s another to have a financial cushion that can help you weather economic storms, both expected and unexpected. Many entrepreneurs struggle to build up a cushion for their small businesses, especially when first starting. Today, let’s look at some … Continued

Is A Merchant Cash Advance Right For Your Business?

Getting approved for a small business loan can be a stressful and complicated process when starting or growing your business. It’s even more frustrating to jump through all those hoops, only to find out that you don’t qualify for the capital you need. For a small business owner who is struggling to qualify for a … Continued

3 Tips To Navigate Your Small Business Through A Recession

Recession. We are hearing about a potential recessionary time and economic downturn. Whether it is true or not, in our economy there are always boom and bust cycles and your business might also feel upward growth followed by a downturn. As we know, with COVID and injection of cash into the economy, we witnessed exponential … Continued

10 Ways to Improve Cash Flow for Your Small Business

As a small business owner, you need cash to meet short-term financial obligations, invest for the future, and avoid unexpected liquidity issues. While drumming up more business may seem like the most obvious way to increase your cash flow, there are actually many ways to bring in cash faster and pay it out slower. In … Continued

What Do You Need to Know About Password Security in 2022?

Cybersecurity is a major concern for all businesses in 2022. As digital threats evolve and spread across the internet, you need to know how to protect your business, your personal information, and any other sensitive accounts you might control. Whether you’re a business owner or an average Joe, it’s good to have a grasp of … Continued

Why Liquidity Is Important for a Small Business

According to a study by JP Morgan & Chase, the median U.S. small business holds an average cash balance of $12,100 (with significant variation across industries).  That works out to only 27 cash buffer days; which are the number of days a business can afford to pay its cash outflows without further cash inflows. So, … Continued

The Ultimate Guide: How to Calculate Operating Cash Flow

After months of blood, sweat, and tears, your small business is finally taking off; the phones are ringing, website visitors are placing orders, and leads are finally converting into clients. That’s great news! But keep in mind that as your business continues to grow, it becomes more important than ever to have a clear understanding … Continued

Using Content Marketing and Storytelling To Attract Customers

Attracting customers as a small business can be a daunting task. You have to put out lots of different types of ads, post on social media regularly, and boost customers’ awareness of your brand at the same time. But online PPC ads and social media announcements aren’t the only tools in your kit. You can … Continued

How To Get To Know Your Customers and Build Support For Your Business

Every brand needs to get to know its customers. Building a community is also beneficial, as it promotes consumer loyalty and can help you retain customers for the years to come. However, surveys and feedback via online review sites are not always accurate or useful for your marketing, sales, and design teams. Fortunately, you can … Continued