How to Increase the Profitability of Your Business

How to Increase the Profitability of Your Business

You work hard in your business, but for some reason, you do not achieve the profitability your revenues should be able to deliver. This is a common problem, that is particularly evident in the organizations with whom I have worked over the past nine years as a mentor at SCORE. It is particularly common to small businesses without highly-seasoned management personnel to address profitability questions.

Referral Flow in Consumer and Commercial Lending

Referral Flow in Consumer and Commercial Lending

I had the opportunity a few years ago to work at a credit union in two positions.  In my first position, I worked as a Business Credit Analyst, and in my second position, I worked as a Branch Manager.  

Working as a credit analyst, I did not appreciate the demands in the consumer lending department but knew the personal finance assistants and officers were expected to send referrals to the commercial lending department.  We received very few referrals at the time.

Mastering Instagram for Your Business

Mastering Instagram for Your Business

Instagram boasts over 1 billion highly engaged monthly active users as of June 2018. If your business is not marketing on the Instagram bandwagon, you're missing a tremendous (and FUN) opportunity.

Back in January 2018, I published a blog sharing how small business owners can take advantage of Instagram to extoll the many cool features available.

How to Tell If a Government Grant Offer Is a Scam or Legitimate

How to Tell If a Government Grant Offer Is a Scam or Legitimate

You get a call, email or letter from the federal government saying you are the winner of a free U.S. grant. All you have to do is pay a processing fee to receive the money.

How do you know if the grant offer is legitimate or a scam? In this situation, it’s wise to recall two adages: 1) If it appears too good to be true, it probably is, and 2) there is no such thing as a free lunch. According to the U.S. Department of Justice, FBI and other Federal Agencies, fake U.S. grant scams are on the rise across the country.

It’s 2018. How Can You Not Have a Website Yet?

It’s 2018. How Can You Not Have a Website Yet?

As we hurtle through yet another year, there’s still a great divide between two kinds of small business owners: Those who have business websites, and those who don’t.

Fortunately, small businesses are realizing the importance of a business website. Nearly two-thirds (64%) of small business owners in Clutch’s 2018 Small Business Survey have a business website, and 81% of those say their sites are mobile-friendly.

Sole Proprietor vs. Single-member LLC

Sole Proprietor vs. Single-member LLC

New entrepreneurs have a long list of to-dos when starting their businesses. Among the tasks to check off that list is deciding their business structure. For small businesses with a sole owner and no (or very few) employees, the two most popular options are:

  • Sole proprietorship

  • Single-member LLC (Limited Liability Company)

So, which one might be the best choice for your business?

Posting Changes Show No Signs of Slowing Down: How Employers Can Keep Up

Posting Changes Show No Signs of Slowing Down: How Employers Can Keep Up

Feeling overwhelmed by labor law posting compliance? Not sure what’s necessary for your business right now? You’re not alone.

According to the second annual National Small Business Compliance Pulse Survey, sponsored by ComplyRight, fewer than 50% of small business employers are fully confident in their understanding of federal, state and local employment laws and regulations. Further, they consider managing these laws a top concern — more than any single, specific regulatory topic.

Women at Work: How to Offer and Receive Support

Women at Work: How to Offer and Receive Support

Running a business is hard. And I would argue that running a business as a woman is even harder.

According to the World Economic Forum’s World Gender Gap Report, women work on average 50 more minutes a day or 39 more days a year than our male counterparts. And women still carry the bulk of unpaid work — including chores and childcare — on top of their day jobs.