Small Business Basics

Small businesses that accept credit cards for payment will make more money than those who only accept cash or checks. (See Reference 1 - Table 1 shows how e-commerce has increased each quarter.)...

When credit cards were introduced, one of the reasons they had raised digits was for processing. Manual credit card processors use a carbon-copy purchase slip to record the card information....

The U.S. Small Business Administration (SBA) estimates that roughly half of employees work in small businesses. However, they also estimate that five of 10 small businesses will close within five...

An employer identification number, or EIN, is a number that is assigned to your business for identity and taxation purposes by the Internal Revenue Service (IRS). Getting an EIN is a critical part...

For many reasons, you may want to cancel your credit card. Whether the card is lost or stolen, or you simply do not want to use the card any longer, canceling the account only requires a phone...

Every small business owner eventually faces the same dilemma. Open a business checking account or continue funneling the money through an existing personal checking account? However, tax-savvy...

Credit cards have become a vital part of our financial universe. In fact, many customers don't even carry cash or checks anymore; they rely on the convenience of credit cards to make virtually all...

A microbrewery is a brewery that produces less than fifteen thousand barrels of beer a year. Because of a down turned economy and rampant job loss, setting up a microbrewery takes on inspiring...

Creating a memorable elevator pitch can allow you to create a lasting impression with potential business investors or potential clients. An elevator pitch is typically a first glance at who you...

Step 1Visit The Pandora Store (see Resources). Click on the "Build a Bracelet" option at the top of the page. Step 2Measure your wrist with the tape measure. Select a chain from the...

Starting a small business is an exciting step in one's career. No more bosses, office politics, or long commutes. However, launching a business takes extensive planning and some cash to get going....

Many people say to earn a small fortune in the Philippines one should start with a larger one. The reason this is said is because its no secret that many foreigners have gone flat broke in the...

A concession business should be run like any other business. Your primary goals are to be profitable and sustainable. The only difference is that, as a concessionaire, you will have exclusive or...

Having clearly defined business goals is crucial to the success of businesses. Goals help you plan your time effectively and ensure you get what you want out of your business.

Most large companies have a payroll department, but if you're a smaller business, chances are that you, as an owner, are going to be doing your own payroll accounting. Keeping accurate records and...

Opening a painting and decorating business takes several essential steps to ensure success. From writing a business plan to marketing your services, a variety of business functions are essential...

Installing vinyl over rivets on trucks, machinery, and other metal surfaces is a challenge for all new sign and vehicle wrap installers. In every industry, it is often the simplest of tools that...

Risk analysis is necessary for any company offering business credit. Banks, equipment and vehicle lessors are just some of the companies that calculate repayment and loss probability from credit...

When millions of Americans get their weekly paychecks, part of what they've earned has been taken out for taxes. That's because federal and state regulations require employers to calculate weekly...

It is a good idea to ask what your company's policy is on using the company credit card for private purchases before you use the card for anything. In some cases the company gets and pays the bill...

In today's economy, plastic card transactions are slowly eclipsing the need for businesses to take cash or checks. Setting up a credit card terminal can be a fairly easy process, and most...

Commercial cleaning is a janitorial service provided to a place of business, an institution-such as a school or government facility-or any other privately or publicly run company. Oftentimes said...

If you own a small business, you file a Schedule C with the Internal Revenue Service. The purpose of this form is to report business income or loss. A hobby does not qualify as a business.

The Internal Revenue Service assigns an employee identification number, also known as a federal tax identification number, to businesses in the United States. This is a free service and is used in...

Now that you have figured out what type of business you want to pursue. How do you set it up? Have you found the product/service that is right for you? How do you find the product(s) that you...

When starting a business there are a few things that need to be taken into consideration whether it is a brick & mortar store, Internet web site or selling on Internet auction sites the basics...

No one ever said starting a business was easy especially when it comes to developing your business plan. Thankfully there is professional help available from one of the best organizations around....

Schedule C is an addendum to Form 1040, which individual taxpayers are required to file annually. Filers use Schedule C to report business income or loss from businesses they operated or owned...

Running an in-home daycare is much like running a small business. To file your business expenses and income as a business, you will want to obtain a tax identification number for your daycare....

A catalog representative is a person who sells products through catalog orders and earns a certain percentage of the products sold. Before the Internet, buying products through catalogs was very...

Employers use pay periods of various lengths. The biweekly pay period (one paycheck for every two weeks) is one of the most common choices. It is no more difficult to determine biweekly taxes than...

Starting a dry mixes and seasonings business is a worthy way to earn an income. These mixes and seasonings fill a need in our culture, adding convenience to meal preparation to busy families....

To open a mechanic's garage or service facility it is important to do a due diligence on the location first. A service facility could be an expensive proposition. The overhead is such that it...

Before humans began using money, they exchanged goods by using the barter system or directly trading one item for another of presumably equal value. Barter agreements tend to be more subjective...

This is an article on how to write a Business Operations Manual.

Your tax EIN, or employer identification number, is like a social security number for you business. Once you create it, it becomes a permanent part of the IRS's records. You can use your EIN to...

Operating a daycare requires knowledge of local and state requirements regarding licensing, staffing and building issues. If you know the rules, you can avoid headaches. Start with the state...

If you are new to ecommerce or to online business in general you will most often quickly ran into a lot of questions while it comes to payments for your services and products, now the first thing...

As someone who may be new to creating a budget or requesting purchasing equipment or consumables for a company, you will find it helpful to know how to work with a capital budget versus an...

Before getting approved for a business loan, it is important to determine if your reasons for applying for a business loan are valid. Many lenders will have specific reasons on why they will...

All businesses are required to file forms based upon the type of proprietorship. One of these forms is called a Schedule C.

One of the advantages of having a labor union is that employees have a better chance of bargaining for better benefits as opposed to individually approaching management to request for certain...

Many personal trainers start out by working for gyms, which provide training facilities, equipment and other support. In return, trainers typically agree to give the company a portion of their...

Filing a partnership agreement is essential if you want to make the jump from sole proprietorship to a limited liability situation. In a sole proprietorship, you and all of your personal...

Many individuals and businesses need someone to care for their houseplants on occasion. Too often plants sustain damage, or die, when left without care while their owners are away. There is a...

Every business needs to market, and if you don't market right, you're not going to be able to get people through your door. Here are some tips you can use in order to get people through your door.

A properly produced catalog can turn a single sale into continuing business. By enclosing a product catalog with a customer order, you can increase your sales. Customers may not be aware that they...

A notice from the Internal Revenue Service saying you will undergo an audit can be daunting at first, but the audit should be handled with confidence. The two audit types are Field Audit and Desk...

Making your home business appear more professional can help increase profits and grow your company. With just a few simple steps you can give your small business the appearance of a much large...

There are lots of ways to cut costs for your small business. Due to the current economic conditions, many small businesses are struggling and some are on the verge of bankruptcy. It is important...