Small Business Blog

Teens Are Spending More on Prom, but Not Everyone’s Dancing

Visa has released the results of a new study with some mixed news for merchants. According to the study, teens are spending 33% more on the prom since 2011 (an average of $1,078). Teens, a reliable customer segment with disposable income, can be a helpful sign for future economic spen
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How to Fire an Employee: 5 Simple Tips

One of the hardest moments in any small business owner’s career is the first time he or she needs to let their first employee go. While you may have worked hard to build a tight-knit team around you, sometimes you have to think about what is best for the business and that can me
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Stay On Top Of Your Suppliers

One mistake business owners make is to be too timid when dealing with their suppliers. Keeping your inventory stocked is vital for your business, but since your suppliers hold all the keys sometimes they can get out of hand. They hold a power over you because a disruption in your supp
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5 Ways Your Small Business Can Avoid Bankruptcy

Your business may be going through a bit of a rough patch. You certainly wouldn’t be the only business owner in America to experience it, not after the last few years. While optimism is beginning to improve and the economy is slowly building up steam, things are still bad for th
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What Is Schedule C (Profit or Loss from Business)?

Watch as an IRS agent explains the Schedule C form (Profit or Loss from Business) and whether your business needs to file one. Don’t make the same mistakes you did last tax season! You can’t afford to miss out on these deductions. Do You Need Business Financing? Principis
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Internet Sales Tax: Good or Bad for Small Business?

There’s currently a lot of debate about the new Internet Sales Tax bill which has recently passed in the Senate and is expected to pass in the House of Representatives as well. The bill would require online retailers who do less than $1 million a year in total sales collect sale
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Domino’s Pizza: A Franchisee’s American Dream

CNN ran a story that let us all know the American Dream is still alive and well at Domino’s Pizza. Rob Cookston began delivering pizzas for the franchise as a teenager in 1987. He earned a respectable (at the time) $500 a month, but he dreamed of having more. Hearing that franch
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How a Poker Chip Mistake Helped Launch a Small Business

How Your Biggest Mistake Can Be Your Best Idea

Over on Reddit’s entrepreneur community (/r/Entrepreneur), there was a very interesting discussion going — sharing marketing gimmicks that have helped their businesses take off. One answer in particular represented a perfect example of how being small businesses can thrive even
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5 Ways to Avoid Being Cash-Strapped

One of the most difficult things about keeping your business’ finances in order is being able to have working capital on hand. Having money in the bank doesn’t do you any good when you can’t make change or buy supplies. The key to running a successful business is bei
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