I have been crusading against dumb financial mistakes business owners make small business owners make ever since I lost $1M off the sale price of my last business because I could not read a balance sheet; and I had an MBA from Northwestern University! On The Small Business Radio Show this week, my guest is…
Understanding the cost of goods sold (COGS) is vital for businesses. It’s a key component of decisions regarding inventory, pricing, and more, but what exactly is it? This article outlines what COGS is, how to calculate it, and other crucial information you need to know. What is Cost of Goods Sold? COGS is the total…
A healthy company culture is critical for fostering employee engagement, productivity and overall success. However, creating a positive culture is easier said than done, and even the best efforts can fall short. When an employee comes to you with negative feedback about the company’s culture, it’s essential to handle the situation with care and sensitivity.…
Smart devices are becoming increasingly popular throughout the United States with 69% of American households already owning one, according to research by Rave Reviews. What are the Most Used Smart Devices in the US? Smart entertainment devices are the most popular category, with smart security devices not far behind. Audio video devices are the most…
Chairman of the House Committee on Small Business, Rep. Roger Williams, recently issued a statement slamming government policies he claims have increased inflation. Chairman Williams’ statement follows the latest Consumer Price Index (CPI) report, which saw prices rise across a number of categories including shelter, motor vehicle insurance, recreation, apparel and household furnishings. Some food…
Network with 1,000 business owners, professionals, and decision-makers at Houston Small Business Expo by exhibiting or attending this event. Whether you are just starting your small business or you are a seasoned entrepreneur, this is a great opportunity to learn from experts across a wide range of industries. You will learn what it takes to…
The start of a new year is an ideal time to look at your current marketing strategy and create future goals. This requires both looking back at the outcome of previous campaigns and looking forward to new industry trends. Get tips for leveling up your marketing game in 2023 in this roundup from members of…
Small business grant funds can help businesses achieve a huge array of goals, from starting a new venture to improving existing facilities. The key is to find programs that align with your mission and current projects. This week, communities across the U.S. launched programs for everything from startup education to safety and security upgrades. Read…
During January, the home builder confidence level had its largest monthly increase in nearly 10 years. That’s according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index released February 15. Builder confidence in the market for newly-built single-family homes rose seven points to 42. Including January’s report, that’s two consecutive solid monthly…
The financial help grants provide is always more than welcomed by small business owners. However, the public and private organizations that offer these grants also want to help with the many different aspects of running a small business. Their goal is to keep these businesses running for the long run. And often times this means…