Remove Banking Remove Small Business Remove Supplies
article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

Besides that, the business finance landscape has gone through many changes as of late. In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). These types of business expenses are often tax deductible, which is a bonus.

Finance 264
article thumbnail

Tips and Resources to Scale Your Small Business

Success

“Every business has different startup costs, but they all have one thing in common: having a financial cushion,” says Bob Marshall, the business growth and strategy executive for the Small Business Development Group at Wells Fargo Bank. You need to know what your costs will be and whether your business is scalable.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to Spot Employee Theft and What You Can Do About It

Insperity

You can feel confident leaving your business in their hands, knowing they’re working for the good of the company. Employee theft is on the rise – it runs the gamut from stealing office supplies and padding time to committing fraud. One of the biggest mistakes small business owners make is putting one person in charge of the finances.

Supplies 189
article thumbnail

Business owner beware: FLSA compliance and personal liability

Insperity

Because the burden of proof for FLSA compliance lies with the employer, not the employee, it’s vital for businesses to maintain accurate records related to hours worked and wages paid. It’s not uncommon for small businesses to have informal work arrangements, incomplete or non-existent job descriptions, or no employee handbook at all.

Legal 187
article thumbnail

5 Myths About Visitor Management Systems

The Receptionist

For instance, at small businesses that cannot afford a front desk staffer or at a start-up that has not yet staffed a front office person. Small businesses with less than 25 employee contacts can get started for less than $50 a month — and that includes unlimited visitor check-ins. Does it happen?

Software 130
article thumbnail

Don’t Let the Next Global IT Outage Catch You Off Guard. Here’s How to Prepare If It Happens Again

Success

On Thursday night, July 18, and into the wee hours of the following morning, a faulty software update reminded us all how dependent we are on the fragile, technology-based infrastructure quietly powering our doctor’s appointments, flight schedules and bank account access. If ATMs and banks are disrupted, you might not be able to obtain money.

article thumbnail

Sophia Bush and Nia Batts are Used to Being Underestimated

Success

After launching an inclusive salon and accompanying philanthropic organization in Detroit in 2017, their next big project (they’re two of the advisors for First Women’s Bank) combines their decades of philanthropic and entrepreneurial experience. Located in Chicago, it is, quite literally, the first women’s bank in the U.S.:

Banking 111