Small Business Operations

 

Stretching Margin Dollars Even Further

Every penny counts, especially when the economy is uncertain. Whether it’s finding equipment and supplies at a discount or staying on top of receivables; managing margin is in the spotlight more than ever. Here are three resources that may help you keep a close eye on your profit margins: (1)…

 

 

Will the Rising Cost of Gas Become Your Biggest Expense?

As a business owner in the United States, how has the price of gas affected your business? And how is it affecting your customer’s buying decisions? Some U.S. businesses have put plans in place to address the issue. Dodge has a program called Refuel America which guarantees a price of $2.99…

The Contract from Hell — Have You Ever Experienced It?

Have you ever contacted your attorney to prepare what you think will be a simple contract, only to get snared in a situation that feels like an episode of the Twilight Zone? You know what I’m talking about. You’re imagining it as a simple 2-page contract, only to have it turn into the…

Sliding Down the Internet Tax Slippery Slope

If you are an online vendor selling through affiliate programs to New York residents, and you sell more than $10,000 to New York buyers and sell through online affiliate sellers, you now are subject to New York taxes on such sales. If you recall, I had written about this law before it was passed a…

Time-Generating Resources for CEOs

Time is precious. It’s maybe the most precious resource. Once lost, it’s never regained. Moms of children know this all too well. CEOs, regardless of their company’s size, recognize the value of time. Today’s competitive pressures force CEOs to squeeze the most out of…

Introducing Newest Expert — Zane Safrit

I am delighted to welcome Zane Safrit as a regular monthly columnist here at Small Business Trends. In addition to being an all-around nice guy, Zane is the former CEO of Conference Calls Unlimited. He grew that company and its revenues by 80%. And he did it during a time when the entire…

Tax Accountants Are Not Clairvoyant

Even if you have an accountant help you with your tax return, or use software like TurboTax, it pays to be armed with knowledge. That way you can bring up deductions to discuss with your accountant (hey, accountants are not clairvoyant — you have to tell them stuff). You can plan big…

If You Offer a Web Affiliate Program, Look Out for New Taxation

If you offer an affiliate program for websites to sell your products, you might want to become aware of a plan afoot by the State of New York to tax you. If you sold $10,000 worth of products to those in the state of New York and had one Web affiliate in New York, under the proposed plan…

Track Hours and Expenses with FreshBooks

Small business owners wear every hat under the umbrella of their business and yet for most of us, only a few of those hats fit perfectly. For me, as the owner of a service based company, the creative hats fit just perfect. But like Goldie Locks and her experience mooching off the three Bears, other…

Embezzling is an Addiction

Small businesses are 10 times more likely to become victims of embezzlement crime than larger companies. Scary isn’t it? What’s worse, it could be your best employee who goes over to the dark side. We’re not talking street thugs here, covered in tattoos. No, the person who robs…

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