Small Business Learning Center

What Is Break Even Analysis? How Can Businesses Use It?

Break Even Analysis is a tool that helps businesses calculate the point at which they are able to break even. This means that they have not made any profit or lost money. Break-even is when total revenue exceeds total costs. Businesses can use break-even analysis in a variety of ways. Determine pricing strategy: Businesses use break even analysis [...]

Reasons for Implementing a Business Loyalty Program

There are many reasons why a business should consider implementing a business loyalty program. Some of these reasons include customer retention, market research, and increased sales.  Most importantly is to always do your best to keep customers happy. Keeping Customers Happy Businesses put a lot of effort into acquiring new customers, but it’s just as [...]

How to Get a Business License

The process of getting a business license can be daunting, but it's important to do your research and understand what's required. The first step is to determine which government agency is responsible for issuing business licenses in your area. Some common agencies that issue business licenses include: - the Department of Revenue - the Secretary [...]

A Guide to Getting Business Insurance

When starting a business, it is important to protect yourself and your investment. One way to do this is by getting business insurance. This guide will help you review your risks and decide which types of insurance you need. It will also provide tips on how to find the best small business insurance companies and [...]

Reasons to Hire an HR Professional for Your Business

An HR professional can help you improve your business. They can help you run your business smoothly and efficiently with their vast knowledge and experience. There are some things to keep in mind if you are considering hiring an HR professional to work for your company. You must first have a clear understanding of the responsibilities of [...]

Reasons Why Businesses Fail

It is difficult to run a business. Nine out of ten businesses fail within the first five year. There are many reasons why a business could fail. Here are four of them and how you can avoid them. If you are starting a business for the first time, you have a lot to learn from other successful [...]

Tips & Tools to Grow Your Small-Business

Owners of small businesses must be able to wear many hats, especially at the beginning. To support taxes and payroll, you'll need to be familiar with accounting. To handle customer service inquiries and employee benefits, you will need to be proficient in Human Resources. You will also need to be able to sell your product using a keen [...]

Why Your Business Should Be Incorporated

It's essential to learn about the various ways that you can structure your company if you are considering starting a business. Incorporation is one option, with many benefits. Let's look at how to incorporate your business, and the joys associated with it. There are many reasons to incorporate your business. You create a legal entity independent of yourself [...]

Steps to Getting an Equipment Loan

It doesn't need to be difficult to get an equipment loan. It can be as simple as these five steps. Is it the right time? You should consider whether you might be able to get an equipment loan. First, think about why you need the money. Also consider whether purchasing equipment is a good fit for your business. Are [...]

USPS Shipping and Delivery Options for Small Businesses

The United States Postal Service (USPS) does more than just deliver mail. Small-business owners all over the country depend on the USPS to manage their day-today operations. This includes shipping supplies from one location to another or getting their products in the hands of customers. Many small businesses worry that the USPS could be too insecure or [...]