How Much Is A Small Business Owner Salary Realistically Speaking?
According to a study done by American Express OPEN, the average business owner’s salary is $68,000. But, does that mean you will make that much as a small business owner? Probably not. While that may seem like a lot of money to some people, the salary average can be shifted by a group of very high or low earners. Either way, there are a lot of implications for taking a salary as a business owner. In reality, a business owner’s salary
How Small Business Forums Help Entrepreneurs Solve Tough Problems
Small business forums provide business owners with added support, advice and intelligence. Since most business owners have the tendency to work on their own or with employees, many find it hard to really share their experiences or challenges. Fortunately, forums allow business owners from all over United States and the world to come interact with people just like themselves. Different Owners, Same Problems Whether you believe it or not, most business owners have the same problems. For any business owner, it
How To Start A Tutoring Business With Limited Overhead Costs
While writing many of these posts, we feel like business tutors ourselves. After all, we are simply helping other people understand how to start, grow and profit from business. Naturally, we write about topics like starting a tutoring business because it is a great industry to be in. With so many private tutoring academies, home tutor instructors and tutoring centers available everywhere, who says you cannot be a successful tutoring entrepreneur yourself? This is especially true if you decide to tutor
Are Grants For Small Business Worth Entrepreneurs’ Time?
Grants for small business start ups are provided by the federal government of United States of America. For entrepreneurs, this may sound like an enticing way to get the funds needed for your venture start up costs. However, if you already have an easy business idea with a cool business name, you may be out of luck. Business Grants Are Free Money Indeed, free business grants are like free money. They are non-repayable funds that are disbursed by one party like
How To Fix Credit Scores And Get Business Back On Track
Credit reports are very important to the owner of the business and their business in itself. A credit cleanup can do wonders for your company because it shows that you or your company has a good credit report. Of course, you want to have a good credit score and excellent credit report in two cases. First, you will want to monitor your personal credit report. Secondly, you want to create an attractive credit score for your business too. But, nobody is perfect.
9 Best Small Business Ideas To Start Your Own Venture
Sometimes, easy small business ideas are very profitable. Instead of investing a lot of money and time into a business that may or may not succeed, easy small businesses offer a low cost of entry and time. That means, with the right idea, you could start making money tonight without ever having to figure out the business plan definition. And, not just a little side money, but substantial income that can be used to eventually quit your day job. Quick Set-Up
Vital 1099 Deadline Filing And Reporting Facts To Learn Now
Businesses must send 1099 tax documents for all vendors, suppliers or contractors every year. This allows the business report an expense to another company. All 1099 forms must be sent out by January 31st to tax payers to be considered legitimate by the Internal Revenue Service. After this date, the deadline for 1099 forms is expired and your mailings are considered late. Important Fine Print However, there is some fine print that you should be aware of. If the January 31
Why The Best Training Companies Offer Low Costs And High ROI
One of the best investments a company can make is training at its current employees. Instead of hiring new employees for senior level or executive level positions, smart businesses are training their employees to promote themselves from within while lowering their turnover rate. Even if it is not a senior level position, there are many advancement opportunities for employees willing to improve themselves. Not only does this help the company, but also it helps the employees. As a result, morale is
Important Lean Management Basics For Operations Management
Managers track operations regularly. In addition to company employees, products, sales and finances, certain managers are in charge of equipment required for production. For the past three decades, a lot of concepts have emerged on how to improve productivity of production by measuring and evaluating your resources. If you are familiar with up to date management practices, you might’ve heard of Six Sigma, Lean Start Ups and others. More specifically, Overall Equipment Effectiveness or OEE is another concept that focuses on
How Corporate Seal Kits Help Business Avoid Potential Liabilities
Many business owners incorporate for different reasons. Often times, businesses must incorporate to avoid potential legal liabilities or issues. By incorporating, the entrepreneur is personally protected against claims on the business. Establishing A Corporation As small start ups grow from sole proprietorships to corporations, there are a lot of little things you will need along the way. You, the business owner, not only have to decide how to divide the company shares and stock holdings but also how to establish that
How Mailing Lists Can Maximize Your Marketing Outreach
The healthcare market is booming for businesses. If things end up changing in the healthcare market, as the industry has been predicting, many healthcare businesses could see a further increase in growth and sales. Growth Attracts Competition Of course, growth in any industry attracts a lot of competition. In response, small businesses and entrepreneurs are looking for physician mailing lists to help them broaden their market with 4p marketing. At first thought, this may seem like a great idea. Write down
Why Sales Training Programs Are High Profitable Investments
Keynote speaking is a very hot market right now. In some cases, companies will pay upwards of $50,000 for a keynote speaker with special experience or expertise. The funny part is, that is more than the cost of sales training speakers who actually guarantee their services. Now, there are a lot of sales training speakers who also do keynote speeches. However, it is hard to guarantee results from just one speech. Naturally, companies make investments in communications training. Sales Professionals Are
How Wealth Advisory Services Help Yield More From Your Investments
Usually, business owners have to manage the wealth that they have accumulated from years of working for their businesses. For individuals who have been working in the same industry for a long time, they may have accumulated vast wealth but not necessarily the investing skills which are acquired in the finance industry, like knowing about shorting a stock. For those business owners, or executive professionals in a similar situation, wealth advisory and management groups can be a very good option. What
5 Best Cheap Website Hosting Options For Your Business
Website hosting is a must when it comes to running any website. As a business owner, it is important to factor in cost when it comes to choosing a website
Green & Greens: The Money Behind Golf Courses
Owning a golf course can be intimidating, especially if you don’t have any previous experience. However, unlike many other businesses, a golf club can be successfully run as long as
How To Create A Roadmap For Your Business
Managers can use business roadmaps to organize their ideas and goals before starting a new business. If you are a manager, it can be difficult to organize your thoughts about
5 Onboarding Programs Best Practices To Welcome New Hires
Companies successfully turn new hires into long-term employees with quality onboarding programs. As an HR professional, you are directly involved in the hiring process. You listen to interviewees as they
5 Ways To Show Non-Monetary Appreciation To Employees
Employees love to be rewarded for their loyalty, especially when they’ve been working hard to hit a business target or satisfy a particularly difficult client. When it comes to business
5 Signs You Need Outsource Payroll Services
Outsource payroll services save companies time and money. As an HR manager, you are fully aware of how time-consuming payroll can be. You are also likely aware of how many businesses
5 Workforce Management Solutions To Increase Efficiency
Workforce management solutions can help managers run their businesses more efficiently. They provide simple ways for managers to streamline the processes of their business. Whether you manage a mobile catering
What Are Pre-Employment Tests And How They Can Help Recruitment
The odds are you’ve already heard of pre-employment tests. They are meant to make the entire hiring process more efficient and worthwhile. Furthermore, they allow you to hire the people
5 Ways Restaurant Liability Insurance Coverage Protects New Businesses
Restaurant liability insurance protects entrepreneurs in the event something should go wrong. Too frequently, the newest business owners forego these types of business insurance policies just to save a couple
Know Where To Sell Antiques Online To Fetch The Highest Prices
Selling antiques can bring in a considerable profit, whether it is through pawn shop sales or opening an antiques store. For those entrepreneurs that have an eye for antiques that
What Venture Capitalists Look For In Startups
If you are an entrepreneur, you have probably wondered to yourself, “What do venture capitalists look for in a startup?” After all, venture capital investment is one of the top
How To Use Business Goal Software To Boost Achievement
When teams implement business goal software, their productivity rates rise. As a manager, you are always looking for ways to increase your team’s productivity. While verbally establishing goals can motivate
5 CRM Gamification Strategies To Increase Customer Engagement
CRM gamification is a highly effective marketing strategy that draws people to your business. It does so by making interacting with the business entertaining. As a small business owner you