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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). That trend continued in 2021, with only 34% of small businesses applying for bank loans. These types of business expenses are often tax deductible, which is a bonus.

Finance 264
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Sustainability: Beyond a Buzzword

Success

When Jamil Bouchareb, founder and CEO of Miami-based Restaurantware, set out to reimagine his companys approach to business, he didnt just tweak a few processes. Instead, he fundamentally transformed how a modern organization could operate by putting his food service supply company at the forefront of sustainability and innovation.

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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
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Experts Weigh in on 17 Investments for a Rich Life

Success

We polled a handful of experts, in fields ranging from food to finance, and asked them to talk about ways you can spend your hard-earned money to achieve prosperity —not just the cash-in-your-pocket kind that comes from a profitable business, but also the kind of abundance that enriches your life and feeds your soul.

Food 105
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How Florida Pure Sea Salt Went from Hobby to Full-Time Business

Success

They were used to having candy and sugar, and once they ran out, there was no more supply—except me,” Cacioppo shares with an infectious laugh. Listening and learning from others When developing her business plan early on, Cacioppo accessed resources through the Small Business Association and became involved with The Greenhouse in St.

Food 105
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25 Holiday Gift Ideas That Support Minority-Owned Businesses

Success

Thousands of small businesses were left reeling during the pandemic—either closing permanently or temporarily—and minority-owned small businesses bore the brunt of the impact. Dr. Sebi’s Cell Food. Not to fret! For the stay-homebody. Staycation, anyone? Plus, they will surely dazzle at your next job interview.

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Climate Protection Could Soon Be Part of Your Employee Benefits Package

Success

“As a CEO, I hold the belief that climate protection is not merely an environmental concern, but it also has significant implications for our business,” notes Jon Morgan , co-founder and chief editor of Venture Smarter , a consulting firm that specializes in helping startups and small businesses scale and grow.

Insurance 105