Category: Money & Metrics

Practical Ways To Increase Your Bottom Line

Posted by Luke ImslandPosted on Money & Metrics

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The goal of every business is to increase the net earnings, profit, or bottom line. Successful businesses are always looking for ways to improve their business without having to sacrifice the quality of their product, service, etc. There are practical strategies to increasing your bottom line to be sure consumers choose your product and you reap the maximum benefit.  Pricing … Read More

How to Attract Ideal Customers and How to Keep Them

Posted by Luke ImslandPosted on Leadership, Marketing & Selling, Money & Metrics

how-to-attract-ideal-customers-and-how-to-keep-them

The success of an organization ultimately depends on the customers. The employees, culture, and leadership might contribute to this, but ultimately you cannot sustain a business without customers. Ideal customers may vary, but the strategies to attract them apply to most organizations. You will need to identify your ideal customer, and then use various marketing strategies to attract those customers. … Read More

Year End Bonuses – How to Navigate in 2020

Posted by Luke BradyPosted on Money & Metrics

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Year-end bonuses are a pretty standard way some companies and businesses reward their employees for another year of hard work. In 2020, when a lot of businesses faced hard times, are year-end bonuses still feasible? Keep reading to learn more about navigating year-end bonuses.  Provide Bonuses – If you can Your employees worked very hard for you, and 2020 brought … Read More

Do You Really Need A Fancy Office To Run Your Business?

Posted by Scott WegmannPosted on Money & Metrics

do you need fancy office to run your business

When you first start a business, one of the most important choices you will have to make is about where your business is located. Can your business function out of your home office, a storefront, or a formal office? Each business is different and requires different spaces to interact with their customers, while also providing a space for employees. Another … Read More

How To Manage Employee Benefits As Health-Care Costs Continue To Rise

Posted by Matt GoerdtPosted on Money & Metrics

Managing employee benefits as health-care costs rise

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

Types Of Benefits You Can Offer To Your Employees

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

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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

Types of Business Loans

Posted by Scott WegmannPosted on Money & Metrics

types of business loans

Starting a business is exciting, but you most likely don’t have the funding to get everything going right away. Looking into which type of loan you might need can be daunting if you don’t know exactly what would be best for your new business. There are several types of loans to consider: SBA Loans SBA loans are loans that are … Read More

Best Credit Cards for Small Business Owners of 2019

Posted by Matt GoerdtPosted on Money & Metrics

best-credit-cards-for-small-business-owners-of-2019

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

DIY Accounting: Pros and Cons

Posted by Brett NagelPosted on Money & Metrics, Operations & Processes

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Accounting goes hand in hand when owning or operating a business. Some may cut the costs and absorb this task by doing it themselves while others see a benefit in hiring someone else to do it for them. There’s no total right or wrong answer and everyone will have different pros and cons. These are just some of the basic … Read More

What is an SBA Loan? How Does it Differ from Standard Small Business Loans?

Posted by Matt GoerdtPosted on Entrepreneurs & Start Ups, Money & Metrics

what-is-an-SBA-loan-how-does-it-differ-from-standard-small-business-loans

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

What Do I Do With This Large Purchase Order?

Posted by Matt GoerdtPosted on Money & Metrics

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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