Dumb Financial Mistakes Business Owners Make and How to Avoid Them
[ad_1] I have been crusading against dumb financial mistakes business owners make small business owners make ever since I lost $1M off the sale price of my last business because I could not read a balance sheet; and I had an MBA from Northwestern University! On The Small Business Radio Show this week, my guest…
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What is Cost of Goods Sold and How to Calculate it + Everything Else You Need to Know
[ad_1] Understanding the cost of goods sold (COGS) is vital for businesses. It’s a key component of decisions regarding inventory, pricing, and more, but what exactly is it? This article outlines what COGS is, how to calculate it, and other crucial information you need to know. What is Cost of Goods Sold? COGS is the…
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12 Resources That Helped These Entrepreneurs Learn How to Run a Company
[ad_1] When you were a new business owner, what’s one resource that you found incredibly helpful for educating you or guiding you on how to run your company? Why would you recommend it to others? These answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most successful young entrepreneurs.…
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12 Steps to Take After Receiving Negative Feedback About Your Company Culture
[ad_1] A healthy company culture is critical for fostering employee engagement, productivity and overall success. However, creating a positive culture is easier said than done, and even the best efforts can fall short. When an employee comes to you with negative feedback about the company’s culture, it’s essential to handle the situation with care and…
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What are the Most Used Smart Devices in the US?
[ad_1] Smart devices are becoming increasingly popular throughout the United States with 69% of American households already owning one, according to research by Rave Reviews. What are the Most Used Smart Devices in the US? Smart entertainment devices are the most popular category, with smart security devices not far behind. Audio video devices are the…
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“Not Normal” Inflation Taking Its Toll on Small Business
[ad_1] Chairman of the House Committee on Small Business, Rep. Roger Williams, recently issued a statement slamming government policies he claims have increased inflation. Chairman Williams’ statement follows the latest Consumer Price Index (CPI) report, which saw prices rise across a number of categories including shelter, motor vehicle insurance, recreation, apparel and household furnishings. Some…
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