As prices for everything continue to rise, land prices are no exception. In the fall of 2021, land prices hit a record high, and auctioneers expect prices to stay strong through planting season. To understand the price projections for 2022, one must first look at the reflection of 2021 and the record sales from the fall. Reflection of Land Sales … Read More
For years, tractors have depreciated at 10% per year. This was more or less predictable and reliable, with some minor inconsistencies, until 2021. Now, tractors are appreciating value at 27%. That number is more than a minor inconsistency, and it isn’t stopping in 2021. In 2022, the yield demand is as high as ever, but so are operating costs. The … Read More
Having a clear and concise business plan is an extremely important step in having a successful business. Creating a business plan is normally done in two parts. The first is creating the plan; the second is implementation. The more specific and detailed your plan is, the easier it is to implement and utilize to build your business. What is a … Read More
Managing employees can be difficult regardless of the size of your business. There are key ideas that those who manage others should implement from day one of them being in charge. Continue reading to learn how to effectively manage your employees. Be an Effective Communicator As the leader of your business or organization, having good communication skills is pivotal to … Read More
Now that we are in the last month of 2020, it is time to look to the future and start planning for the new year. In light of everything that has gone on this year, there are important aspects of your business that need to be thought about and applied to your 2021 planning. Take time to think Before starting … Read More
Customers are the lifeblood of any business regardless of its size. Creating a strong bond with your customers can fuel your business for years if utilized correctly. Cultivating relationships with customers takes time. Keep reading to learn why building relationships with your customers is vital to your organization. Improve Customer Retention Building strong relationships with customers helps guarantee that … Read More
Unfortunately, health-care costs in the United States only seem to be increasing as time goes on. In 2020, according to CNBC.com, “Large employers predict the total cost of covering health insurance for workers and their families will hit an average of $15,375 in 2020, an increase of 5%, according to a survey by the National Business Group on Health.” With … Read More
Depending on the type of business you start, you may need help running your business. Typically, if you don’t have a business partner, you may begin the process of hiring employees. Although you already compensate your employees for their work, there are a wide variety of other benefits that can be offered to your employees. Required Benefits It is important … Read More
Running a business includes many day-to-day expenses. Ordering merchandise or materials, travel, and even office supplies all add cost to your overall budget. Instead of paying for all of this straight out of your personal bank account, sometimes, it makes more sense to use a credit card specifically for your business. Below is a list of the best credit cards … Read More
In many cases applying for a loan is critical for the establishment and success of your small business. Most banks or credit unions have a variety of small business loans, but one type that’s worth looking into is an SBA loan. What exactly is an SBA loan and how is it similar to a standard small business loan? Small Business … Read More
Your company may have started off as a small business where transactions were basic and the amount exchanged was manageable. However, when a company starts to grow, the amount of money exchanged becomes higher which can create more details attached to each order. When basic e-mails or a phone call aren’t enough for your company to do business with suppliers, … Read More
You may know the significance of what the number attached to your personal credit score means but how does it differ from a business credit score? Personal Credit Score Your personal credit score is connected to your social security number and is curated by three major credit bureaus: Equifax, Experion, and Transunion. It’s summarized by a number ranging from the … Read More
