It's one of the most exciting times for some people, but at the same time it has plenty of uncertainties which make it utterly scary. Going self-employed, and ultimately making money your own way, is something that everyone craves. However, if your finances aren't in order, it's asking for trouble and a lot of heartache down the road. All of the above is why the following … [Read more...]
What Should You Consider Before Taking Out a Small Business Loan
Whether you want to expand your current business or start a new one, getting a business loan can give you a boost. No matter what is your reason for getting a business loan, you must be 100% sure that you'll be able to pay back that loan in the coming years. Your business is supposed to boom during that period of time. Read on to find out the most important factors you need … [Read more...]
Prepare Your SMB with These 5 Cybersecurity Questions
The vast majority of small- and medium-sized businesses (SMBs) do not hold anywhere near the volume of data that Equifax maintains, and in the event of a data breach, an SMB will not be in a position of having lost control of the personal and financial records of more than 143 million people. Even so, the recent Equifax data breach is a stark reminder to all SMBs that they … [Read more...]
The Main Business-related Courses Every Entrepreneur Should Consider
Every entrepreneur needs to be as resourceful and independent as possible when they are running a business. Attending relevant courses and getting a degree in business is one of the most effective ways to do this, as it will help you to develop important skills and obtain the knowledge you need to succeed in business. Below are some of the most important business-related … [Read more...]
How to Become a More Accomplished Project Manager
Are your project management skills letting you down? If so, all is not lost because there are many ways you can become a more accomplished project manager. It may take some time to develop these important business skills, but if you follow the tips below, you will start to notice many improvements in the way you manage future projects in your organization. Get the … [Read more...]
The Most Important Areas of Your Business That You Need to Control Properly
Is your business running as efficiently as possible? Unfortunately, some areas of a business are neglected by many companies and this can have serious consequences for the future of your business. In this article, we are going to examine some of the most important areas of a business that you need to control properly. Information Technology IT includes all … [Read more...]
3 Industries Most in Need of Business Insurance
All business owners in all industries will have to invest in some form of insurance over the course of their career. The specifics of the items that need coverage will vary from business to business. For example, a daycare facility and shipping warehouse won’t have the same insurance needs; the daycare facility will need insurance on each child in its care, which is … [Read more...]
Using SlideModel to Launch and Run Your Business
In today’s competitive business landscape, you must give yourself all the tools necessary to meet your customer’s needs as well as your financial goals. This means having a clear picture of your business model, revenue streams, projections, and a hundred other data points. Planning and data presentation tools like SlideModel can help you to not only plan your business, but … [Read more...]
4 Reasons Why Cyber Insurance Is Good for Small Business
The headlines might carry news of cyberattacks against large companies, such as Target and Home Depot, but the greater reality is that small businesses are as likely, if not more likely to experience a cyberattack. By one estimate, the number of cyberattacks experienced by small- to mid-size businesses (SMBs) increased by more than 40 percent from 2015 to 2016. This rate of … [Read more...]
How to Calculate Your Profit Margin
Simply put, profit is the amount of money you make on a sale after you subtract the cost of acquiring or producing the product. For example, let’s say you sell an item for $200 and it cost you $180 to get it. Your profit is $20. In this case, you’ll have a 10 percent margin on that sale. You sold it for $200, you made $20; 10 percent of 200 is 20. However, this figure … [Read more...]