Category: Money & Metrics

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

Posted by Scott WegmannPosted on Money & Metrics

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

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

DIY-accounting-pros-and-cons

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

what-do-i-do-with-this-large-purchase-order

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

Personal Credit vs Business Credit

Posted by Matt GoerdtPosted on Money & Metrics

personal-vs-business-credit

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

The Smart Way To Merge With A Competitor

Posted by Matt GoerdtPosted on Money & Metrics

the-smart-way-to-merge-with-a-competitor

Besides eliminating competition, buying out another business is a positive way to bring two companies together to create a better product or service. Taking on another business can also be very risky and could hurt you in the long run or not be worth the time or money invested in the deal. There is a smart way to merge as … Read More

Will a Subscription Model Work For My Business?

Posted by Carrie WilkinsonPosted on Money & Metrics

will-a-subscription-model-work-for-my-business

If you don’t pay for a business with a subscription model you more than likely have heard of one. There are so many successful businesses using this model for both goods and services: Netflix, Birchbox, Barkbox, Amazon Prime, Spotify, Dollar Shave Club, Stitchfix, etc. It takes a certain kind of business to be successful with subscribers, but what are the … Read More

Personal Finances vs. Business Finances

Posted by Brett NagelPosted on Money & Metrics

personal-vs-business-finances

Just starting your small business and wondering how different your business financials should be compared to your personal finances? There are a few differences since they serve different purposes. Here are the differences and a few ways you can keep them separate. Personal Finances These help you understand how much you are spending to make sure you are staying on … Read More