Small Business

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How a Business Can Give an Applicant With a Record a Fair Chance

Rosalie Murphy writes for NerdWallet. Email: rmurphy@nerdwallet.com. The article How a Business Can Give an Applicant With a Record a Fair Chance originally appeared on NerdWallet. https://www.nerdwallet.com/article/small-business/fair-chance-hiring #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation […]

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Is a Hybrid-Remote Workplace Right for Your Small Business?

Lisa Anthony writes for NerdWallet. Email: lanthony@nerdwallet.com. The article Is a Hybrid-Remote Workplace Right for Your Small Business? originally appeared on NerdWallet. https://www.nerdwallet.com/article/small-business/hybrid-workplace #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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4 Pitfalls of Your Kids Taking Over the Family Business

4 Pitfalls of Your Kids Taking Over the Family Business

Owning a family business is as much a part of the American dream as having the house with the front porch swing and white picket fence. It’s a fine dream to have, and for many, it can be a reality. However, owning a family business is hard. You’re dealing with all of the normal problems

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5 Ways Your Business Can Benefit from Economic Uncertainty

Recession. More than likely, the mere mention of that word elicits an emotional response. It could bring up feelings of dread and panic, as it does in most people. However, for the savvy business owner, the thought of uncertainty in the economy should signal opportunity. As Warren Buffett once said, “Be fearful when others are

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Create Raving Fans by Taking the FIT Approach in Marketing

As entrepreneurs, we understand the need for marketing. However, we don’t always understand how we should market our businesses. Marketing is a different animal than the other areas of business. It operates by a different set of rules that can seem like they have no rhyme or reason. As a result, we’re often left frustrated

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How to Raise Prices Without Losing Customers

Pricing is a delicate subject. If you set your pricing too low, your margins will suffer, and the business won’t flourish. Conversely, customers might choose to look for more affordable options if they’re too high. How you set your pricing can ultimately, influence every part of your business. But sometimes it’s necessary to increase your

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How to Create a Balance Sheet for Your Small Business

How’s business? For small business owners, it’s not always easy to know. Sales may be up and you may have recently expanded. You weathered the pandemic but now you have loans to pay off. You’ve invested your hard-earned dollars in the business, but after accounting for loans and expenses, it’s hard to say how much

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Why Should Small Businesses Avoid Price Wars with Competitors?

Most small business owners face incredible competition. Everyone is competing for a share of the market, and once they have it, they compete to expand that share. Yes, friends, it’s no secret that the world of business can be cutthroat. It’s not for the faint of heart. To succeed, you must have a competitive drive

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The Do’s and Don’ts of Using Facebook to Drive Business Sales

The Do’s and Don’ts of Using Facebook to Drive Business Sales

Getting new customers is a top concern for most small-business owners — and the solution may be in the palm of their hands. Social media is one of the main ways customers find small businesses, but only a fraction of business owners are actively invested in growing their social media presence. A new NerdWallet study…

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How to Keep Good Employees Happy – 5 Retention Ideas

How to Keep Good Employees Happy – 5 Retention Ideas

One of the most rewarding (and sometimes, frustrating) aspects of business ownership is people. Assembling a team of people with very different personalities and skill sets is challenging. Adding to that challenge is the fact that your team must also be able to get along with one another and be aligned with your corporate culture

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When Is the Best Time to Sell My Business?

Selling your business is one of the biggest decisions you’ll ever make. It determines the futures of you, your family, your team, and their families. Beyond merely considering the financial side of things, you must also think about how a business sale will affect you emotionally. You’ll need to ask yourself questions like, “What will

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Not a Good Fit… What to Do When You Hired the Wrong Person

One of the most challenging aspects of business ownership is people. Each one has different skills, needs, and personalities. As a business owner, it’s your job to put them in the places that make the best use of their abilities and fulfill their needs while mixing personalities that may, or may not, be the best

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5 Best Merchant Cash Advance Companies for 2022

Merchant cash advance companies provide you with an upfront sum of capital that you repay using a percentage of your debit and credit card sales, plus fees — otherwise known as a merchant cash advance, or MCA. Generally, you’ll want to consider all other types of small-business loans before turning to an MCA because this…

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When Should You Phase Out a Product or Service?

Business owners must be adaptable and creative to keep up with consumer trends, changes in business, and the demands of the economy. Sometimes, that means discontinuing a product, service, or market offering. But it may not always be easy to decide when to cut a product offering. Today, we’ll measure things like consumer demand, cost

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5 Ways Small Businesses Can Offset High Gas Prices

5 Ways Small Businesses Can Offset High Gas Prices

Gas inflation has broken records at a dizzying pace: In June 2022, the national average gas price hit a high of more than $5 per gallon, according to data from the U.S. Energy Information Administration. Simultaneously, the Consumer Price Index, which measures how the cost of consumer goods and services changes over time, saw its…

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What Is Key Person Life Insurance and How Can It Protect Your Business?

What Is Key Person Life Insurance and How Can It Protect Your Business?

Key person life insurance works a lot like a typical life insurance policy. But some of the biggest differences may affect whether it’s the right choice for you. The post What Is Key Person Life Insurance and How Can It Protect Your Business? appeared first on Money Crashers. https://www.moneycrashers.com/what-is-key-person-life-insurance/ #financialfreedom #money #entrepreneur #business #finance #investing

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4 Things Retailers Can Do to Prepare for Holiday Shoppers

4 Things Retailers Can Do to Prepare for Holiday Shoppers

Even though we’re only at the tail end of summer, retailers have already spent months gearing up for the holiday shopping season. And due to a tornado of factors — including inflation, supply-chain woes and consumer spending habits that changed during COVID-19 lockdowns — retailers are looking ahead to a shopping season that promises to…

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Business Grants Are ‘Just Not That Easy’: 5 Tips to Help

Business Grants Are ‘Just Not That Easy’: 5 Tips to Help

Business grants may seem like the holy grail for small-business owners, since they offer cash you don’t have to pay back. But finding one can feel as futile as searching for lost treasure. “Everybody wants to know: How do I get free money for my business?” says Jenn Steinfeld, director of entrepreneurship and economic development…

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LLC vs. Corporation: Key Differences and How to Choose

LLC vs. Corporation: Key Differences and How to Choose

When starting a small business, one of the most important decisions you’ll make is how to structure your business entity. Small business owners commonly choose to structure their companies as LLCs or corporations. In a survey by the National Small Business Association, 42% of businesses were S-corporations, and 23% of businesses were limited liability companies (LLCs)….

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