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Entrepreneur Tips

Why Every Brick & Mortar Store Should Have an Online Shop

FOMO. If you haven’t seen the acronym before, it stands for “fear of missing out.” And when it comes to e-commerce, every brick and mortar store should have FOMO.  That’s because, as the latest statistics show, e-commerce accounts for approximately 18% of all retail sales worldwide. In other words, if you operate a brick and…

Common Tax Deductions for Small Business Owners

They say that knowledge is power, but in the world of taxes, it’s more like knowledge is money!  Take it from us. As professional accountants, we’ve seen small business owners lose out on thousands of dollars in tax breaks because they didn’t know they could deduct certain expenses. We don’t want to see that happen…

Bookkeeping Checklist for Small Businesses

As a small business owner, you have a lot on your plate. Not only are you the CEO, you’re also the head of marketing, finance, sales, customer service, and human resources. With so many responsibilities to juggle, it’s easy to let bookkeeping fall to the wayside.  And that’s understandable—to an extent. After all, there are…

10 Best States for Starting a Small Business in 2021

This is the year. This is the year you’ll stop talking about starting a business and actually launch one. And to that we say, congratulations! You’ve made the first step towards turning your dream into a reality.   If you’re like most first-time entrepreneurs, you’re probably terrified right now. Terrified of failure. Terrified of losing all…

A Case for Keeping Your Small Business Small

As Americans, we tend to favor large sizes—whether that be houses, meals, or vehicles. But when it comes to running a business, there’s actually a pretty compelling case for keeping your operations small. Now don’t go thinking that a small business equates to small earnings. No, no, no. Get that association out of your head…

How to Cope with a Failed Business

To say that COVID-19 devastated the U.S. economy is an understatement. According to Yelp’s Local Economic Impact Report, nearly 100,000 American businesses that temporarily shut down due to the pandemic are now permanently shuttered. That’s a lot of broken dreams. That’s a lot of lost money. And that’s a lot of people who are desperately…

PPP Round 2: Everything You Need to Know

If you’re a small business owner struggling to stay afloat during the pandemic, hang tight because help is on the way. The U.S. Treasury and Small Business Administration (SBA) have reopened the Paycheck Protection Program (PPP), but with some notable differences this time.  Officials have introduced new terms and conditions that are designed to quell…