So what is a good profit margin to shoot for in your business? Read journalist and author Rob Starr's blog that looks at what every small business owner needs to look at in order to forecast correctly and hit those budget numbers year after year.
Opening a new business is exciting and fearful at the same time. But you're ready! You have a solid business plan (because you took the Marion GEM Class), you've done your market research, and you've saved plenty of capital for operating expenses. You've found the perfect location with a price you can afford and are eager to sign that lease and move in. But wait ...
The Greek philosopher Heraclitus is known for his insistence that change is the fundamental element of the universe. You may be familiar with his quote, "The only thing that is constant is change." For many, change incites a sense of unease at best and at worst, a great fear. In business, however, the ability to change is the mainspring to success. Tradition certainly has its place in establishing quality and integrity within your business operations, but it is change that can propel you to new heights.
April is National Financial Literacy Month and taxes are due, so in light of this, we are going to focus on providing you with tools, tips, and guides (see Tax Paying Guide below) all month that will help you organize, plan, monitor, and manage your business finances better!
As the festivities of the Christmas season settle in our collective memories, its time to gear up for the coming year. Our guest blogger, Johnson Price Sprinkle PA has some excellent advice on last minute things you should consider when preparing your taxes both personal and business. The new tax law brings some changes you'll need to consider in order to file correctly and take advantage of all the deductions for which you qualify.
Johnson Price Sprinkle PA
Some of the most prolific and successful companies in history began as partnerships. Think McDonald's, Hewlett Packard, and Google. On the flip side, you have those partnerships that went down in flames. Facebook's split between Saverin and Zuckerman, Citigroup's breakup between Jamie Dimon and Sandy Weill among others. That's why it's important to do your homework, consult a professional, and don't let emotions get in the way.
Who doesn't like saving money! Guest Blogger and Duke Energy District Manager Robin Nicholson offers up five easy tips to help your small business save money on energy costs this winter.
Guest Blogger, Robin Nicholson, Duke Energy District Manager