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As an entrepreneur, you’re well aware that even a solid business plan and a great product won’t protect you completely from unexpected downturns. Markets change, your costs can rise — and suddenly, you’re struggling to meet your obligations. This is when you may start noticing sales pitches from companies that offer a quick and easy solution to your stress. Here’s … Read More
5 Reasons Why a Capital Advance Is Better Than a Salon Loan
Don’t hamper the chances of your salon making it by buying into the myth that a business loan is going to take better care of you than a capital advance. For any small business, especially a salon, it’s crucial to have some capital to work with, as you’re vulnerable to unexpected price hikes in products, fluxes in client traffic, and … Read More
5 Reasons Why Most Small Businesses Fail
The Bureau of Labor Statistics indicates that 20.6 percent of businesses fail by year two, 30.7 percent by year three, 38.1 percent by year four, and 43.7 percent by year five. Pride can often cause emotional decisions that can be detrimental to the company’s success. But it is more than just pride that causes a small business to fail. Entrepreneurs … Read More
How to Set Up Credit Card Payments for Your Small Business
While we don’t yet live in a cashless society, we are certainly on our way there. Credit cards heralded the beginning of the cashless revolution, with fast, secure and convenient digital payments following closely on their tails. For a small business looking to make money in store and online, the ability to accept credit card payments is essential. But how … Read More
How a subscription model could benefit your business
Consumer buying habits have long been trending towards convenient shopping experiences, and have driven the subscription market forward dramatically in the past few years. You only have to look at companies like Dollar Shave Club to see just how popular and profitable a subscription model could be for your business. Dollar Shave Club, a subscription service offering cheap shaving razors … Read More
Why You Shouldn’t Pay for ‘Debt Relief’
As an entrepreneur, you’re well aware that even a solid business plan and a great product won’t protect you completely from unexpected downturns. Markets change, your costs can rise — and suddenly, you’re struggling to meet your obligations. This is when you may start noticing sales pitches from companies that offer a quick and easy solution to your stress. Here’s … Read More
Bitcoin: A Confusing Currency with the Potential of Amazon
If you ask about bitcoin and digital currency, you might be met with a confused look. It may be because the currency is digital and doesn’t exist in a form you can hold in your hand. Or, some of the confusion may exist simply because it’s a new way to look at currency. Bitcoin is only one of several digital … Read More
New overtime rules take effect December 1. What do you need to know?
New Department of Labor overtime rules take effect on December 1. Is your restaurant ready for the impact it may have?