In the business world and the day-to-day life of individuals, negotiations play major roles. These issues range from the simplest conversations like who drives the kids to school, to the more serious ones like price talks with supplies and clients. That is why good skills in negotiations are useful personally and professionally. There are many…
No matter what industry you’re in, if you’re trying to hire in the current job market, chances are that you’re up against some fierce competition. With so many companies to compete with, it’s vital to find a way to stand out so that the best talent will want to join your team — and your job…
As small business owners know, there are many types of business insurance. In fact, it can be confusing. The Business Owner’s Policy BOP is a policy that has business insurance benefits because it combines coverages under one umbrella. How much does business insurance cost? What’s included in a BOP policy? Do you need coverages that aren’t part…
Cost accounting is about reporting all of the fixed and variable costs involved in producing something. It corrals in numbers like overhead costs, materials, and labor. And others. It gives your small business a solid framework to plan with. And it shows your enterprise what’s working and profitable and what needs to be tweaked. What…
Russia’s invasion of Ukraine is threatening to have a detrimental impact on chip manufacturing, exacerbating already concerning shortages in semiconductor chips. Experts believe that the impact the war will have on-chip manufacturing may not properly hit for another 3 to 6 months. Russia-Ukraine War Could Worsen Microchip Shortage in the US The shortage of chips…
Loan approval rates continue to slowly rise, but not fast enough, according to the Biz2Credit Lending Index, released April 12. “Small business lending has not fully recovered,” said Rohit Arora, Biz2Credit CEO. “This is disappointing news for companies looking to grow their businesses.” The report includes loan approval rates through March 2022. Although approval rates…
For months, small businesses owners cited the lack of available workers as the biggest problem they faced. There’s a new biggest problem – inflation. That’s according to the National Federation of Independent Businesses Optimism Index for March 2022. The NFIB Chief Economist Bill Dunkelberg said that during March, 31% of small business owners said inflation…
You can’t help but notice. Everywhere you look, small businesses are displaying a “Now Hiring” sign. That’s not the way to do it anymore. If you want to find employees, and keep them, you’ve got to tap into the Gig Revolution. ADP presented a webinar on the topic Bridget Quinn Kirchner, senior director of client…
There’s nothing more frustrating for a jewelry customer than buying a ring that doesn’t fit. Small businesses can help them avoid this unwanted scenario by offering them the ability to measure their ring sizes. It’s one of those minor details of how to start a jewelry business that can have a positive impact on customer…
The U.S. Small Business Administration (SBA) has announced 2022’s Small Business Persons of the Year winners from each of the nation’s 50 states. The nation’s top entrepreneurs will formally be recognized on May 5 during National Small Business Week (NSBW) Awards Ceremony. SBA Names 2022 Small Businesspersons of the Year According to the SBA, the…