Business Success Strategies

BY BARBARA WELTMAN –  Under the federal Fair Labor Standards Act (FLSA), you must pay workers subject to minimum wage rules for the time that work is performed. This rule applies whether they’re working at your company site, in their homes, or on location. This simple statement is more complex when you try to define […]

SMALL BUSINESS INSIDER Who Small Business Owners and Startup Entrepreneurs Need to Follow for Advice By Karen Kerrigan- Given the surge of new business applications filed over the past two years, SBE Council is often asked about who entrepreneurs should turn to for guidance and support. Here is my list of “go to” small business […]

By Barbara Weltman – It’s common for business owners to pay various expenses from their own pockets. It just may be easy to do. But it can impact who takes the deduction for these business expenses. The entity used by your business dictates this…but you can change the results with reimbursement arrangements. Impact of your […]

by Karen Kerrigan –  SCORE Webinar: Your Roadmap to Success – How to Create a Business Plan May 17 – 1:00 p.m. ET The first step to starting a business is just the same as starting anything else. It begins with creating a plan. But what is a business plan, what does it need to […]

by Barbara Weltman –  Getting insurance is an integral part of running a business. Some insurance is mandatory, some is highly advisable, and some is merely good to have if you can afford it. Understand which insurance to get when starting out and consider some ideas you can use to make it affordable. Must-Have Insurance […]

By Karen Kerrigan – Last week, the nation celebrated Small Business Week! Of course, SBE Council celebrates entrepreneurs and small businesses every day and we know how important it is for you to have access to tools and information that can help your business compete and thrive during this challenging period for our economy. This […]

by Barbara Weltman –  Walk down Main Street and you can’t help but notice “Help Wanted” signs in a great number of shops, restaurants, and other establishments. NFIB’s Monthly Report found that inflation is now the top business problem for small businesses, but labor issues remain a close second. Forty-seven percent of owners had job openings they […]

SMALL BUSINESS INSIDER The media is ablaze with references to the metaverse, but an exact meaning is difficult to pin down. The term refers to various new technologies and how we relate to it. Essentially, it’s cyberspace and it encompasses such things as virtual reality platforms, digital currency, and virtual identities (e.g., avatars). The term […]

By Barbara Weltman – Inflation is making it costlier to do business. Many small businesses are reluctant to raise prices or hike them high enough to maintain their profit margin. An alternative for remaining profitable is to reduce costs and be frugal. Here are 25 ways you can cut expenses without hurting your business. Some […]

By Karen Kerrigan – Did you know that the United States is experiencing a big uptick in entrepreneurship? As measured by new business applications, the U.S. Census Bureau reports that in 2021 alone, 5.4 million people filed business applications, which is a 53% increase over the 3.5 million in 2019. People want flexibility and to […]