[youtube https://www.youtube.com/watch?v=hLVAD-3Rzeg?controls=0&start=1] The year 2018 was a tough one for Facebook, and just when you thought it couldn’t get any tougher news hit towards the end of the year about how they were sharing user data – including DMs – with some of the other major tech firms, like Amazon. Recently an article came…
One of the most difficult questions any new service-based business must answer is what kind of pricing model they want to implement. There are countless options — hourly, project-based, or retainer packages, for example — but how do you know which one is right for you, especially if you’re adding new services to your roster? To help…
Building a business credit score is essential for every small business. According to a survey done by Manta in 2016, 72% of small business owners do not even know their credit score. Many are not even aware they have a separate business credit score. Borrowing money to grow your business is only one reason to…
The guys rowing on a ship cartoon has been around a long long time. There’s plenty of funny takes on it, but what I find interesting is how often it focuses on business. Sometimes the take is about bad managers or bosses, sometimes it’s about co-workers, and sometimes it’s about optimism despite the circumstances. Before…
Running a business can be very fulfilling. On one end, you’re making money doing something you love. On the other, you get to positively impact other people’s lives with your products and services. Sure, it feels good to make money with your business. But it feels even better to know you’re making a difference to others…
How can your retail store deliver a best-in-class customer experience? Learn from the best, that’s how. Global customer agency C Space recently released its report on the best customer experiences of 2018, and retailers dominated the top companies on the list. Nine of the top 25 companies were retailers: Trader Joe’s, L.L. Bean, Nordstrom, Amazon,…
According to US Bank’s Jessie Hagen, 82% of business failures are due to poor cash flow management skills. Failure to understand and manage cash flow effectively can lead to poor personal and business credit scores. Small business lenders look at both your personal and business credit histories which means personal credit affects small business borrowing.…
Have you built a relationship where your business banks? Do they have a small business relationship manager? If so, the best place to get a loan is from the bank where you regularly do business. Ideally, you meet with your business banker monthly or quarterly to go over your financial reports. If you treat your…
It’s no secret that malicious cyber activity costs businesses and the economy dearly. In fact, data hacks and breaches cost the U.S. economy between $57 billion and $109 billion in 2016. For small business, the cost and damage of a data hack can be irreversible. A staggering 81% of company data breaches are due to…
There are many different ways to keep your books when you’re a small business and double entry accounting is one of the tried and tested standards. Small Business Trends talked with FreshBooks Vice President of Strategy Matt Baker about how this standard can simplify a small business owner’s numbers. Although what’s called single entry accounting…
