Owning and running a small business is always fraught with risks and rewards. In March 2020, when the country came to halt due to the COVID-19 pandemic, small businesses were left gasping for air. With each new executive order, CDC guidance, or local health regulation...
Small Business
How Inflation Impacts Your Business (And 7 Things You Can Do About It)
It’s no secret that our economy is a mess right now, and we are all feeling the pinch of inflation that could very well be headed towards hyperinflation. If you’re wondering how inflation impacts a business, we’re here to help shed some light on it. How Does Inflation...
When Does Inventory Cost Become An Expense? (How to Know the Difference)
When does the cost of inventory become an expense? It’s a question that can create confusion for business owners, so we wanted to take a couple of minutes and help you make sense of it. In order to fully unpack this question, we first need to clarify the difference...
How Do Small Business Loans Work (And Other Things You Need to Know)
If you’re a small business owner, you already know that it takes money to make money. The only problem is…what do you do if you don’t have any money to start with?! Banks can help you get going in the form of a loan. You’ve got the idea and the passion to make it...
Sole Proprietor Pros and Cons (6 Important Things to Know)
Starting your own general contracting business can be exciting. You get to be your own boss, and your earning potential is only limited by your effort. But it can be an intimidating process too. Where do you begin? How do you know if you’re setting your business up...