How to Create an Invoice | businessnewsdaily.com

September 13, 2024September 12, 2024 ~ knjohn ~ Leave a comment

If you’re familiar with the basics of small business accounting, then you know that signing a new client doesn’t mean you’ll get their cash right away. If anything, you might have to wait several weeks or months before the money in your company’s accounts receivable hits your business’s cash account. And if you don’t send invoices for your work, you might never get that money.

Neglecting to send invoices can delay your clients’ payments, as often, clients need to receive invoices to trigger their payment processes. Since your clients likely record invoices in accounts payable upon receipt and pay according to their in-house pay schedule, your clients may miss or ignore payments without invoices to trigger their pay processes. Fortunately, sending invoices is easy. Below, we’ll walk you through how to create an invoice.

How to Pay Yourself as a Business Owner | Business News Daily

September 13, 2024September 12, 2024 ~ knjohn ~ Leave a comment

As a business owner with a thousand responsibilities and your own company expenses to think about, factoring in how to pay your own salary can easily fall to the back burner. But when it comes to optimizing your business’s financial performance, retaining top employees, and building a long-lasting, successful company, how you choose to pay your own salary matters.

Your business’s structure will be a major factor, and experts like Alice Brendin, a B2B marketing entrepreneur and small business advisor, said it’s important to include your own pay in the budget as soon as you can afford to do so. By prioritizing your own salary structure, you can set your company up for long term success.

How to pay yourself as a business owner

According to the IRS, business owners should pay themselves a “reasonable salary.” But how do you determine what’s reasonable?

This sleek new L.A. commuter train is pollution-free | Fast Company

September 12, 2024September 11, 2024 ~ knjohn ~ Leave a comment

On a cold day, a new train puffs out clouds that look like smoke, just like a traditional steam engine. But the train—which runs on hydrogen fuel cells, not coal—doesn’t create any climate emissions or air pollution. The only exhaust is water vapor.

The sleek blue train is the first of its kind in North America. Called a ZEMU, (zero-emissions multiple unit), it will soon begin carrying passengers between two cities east of Los Angeles, connecting commuters to other trains that travel to downtown L.A.

Southern California wildfires burn homes and ski resort | Fast Company

September 12, 2024September 11, 2024 ~ knjohn ~ Leave a comment

Two Southern California wildfires torched dozens of mountain homes, tore through a ski resort, and forced thousands to evacuate in towns and cities east of Los Angeles on Wednesday.

Around 40 homes and cabins burned in the villages of Mount Baldy and Wrightwood, and flames swept through the nearby Mountain High ski resort in San Bernardino County, the Los Angeles Fire Department reported.

The blaze, named the Bridge Fire, exploded to more than 48,000 acres, becoming the largest in the state and one of four burning within sight of each other. The Southern California fires have blackened 105,000-plus acres of scrub, brush, and forest, an area a third the size of Los Angeles.

3 Downsides of Venture Capital—And How to Avoid Them | All Business

September 11, 2024September 10, 2024 ~ knjohn ~ Leave a comment

Raising money for your business can be great. Many entrepreneurs see it as validation that they’ve “made it.” While it is a good sign that a professional investor has kicked the tires on your company and is willing to invest their money, there are some downsides to venture capital that might mean that raising venture funds is not the right path for you.

Sure, there are many advantages of securing a round of investment from a “value-add” partner. It can open the doors to important introductions, kick-start a business into high growth, and even refocus a business for success. But not all venture funding stories have such happy endings. There are, in fact, times when a business might encounter more negatives than positives when accepting venture funds.

To avoid this path, there are potential scenarios in which venture capital is a major drawback:

Microloans for Small Business: Learn What’s Available and Whether to Apply | All Business

September 11, 2024September 10, 2024 ~ knjohn ~ Leave a comment

When you own a small business, you’ll have a variety of obstacles to deal with and needs to meet. The one near-constant, however, is financing.

Like it or not, you need money to make money, and one of the biggest reasons why small businesses fail is their inability to deal with cash flow issues. Even successful businesses that have plenty of revenue sometimes hit a fatal cash crunch at the wrong time. To combat this ongoing issue, business owners sometimes turn to business loans and other financing products, which can make sense if you have a plan in place to pay back your funding plus interest. One overlooked financing product, however, is the microloan.

Most business owners are familiar with the term microloan, even if they’ve never considered one themselves. The concept of microlending has transformed entrepreneurship in countries and markets where the barrier to entry is sometimes as little as a few hundred dollars—though that hardly seems like a useful sum to most U.S.-based businesses.

NFIB Jobs Report: Small Business Job Growth Stalls in August | Small Business Trends

September 10, 2024September 9, 2024 ~ knjohn ~ Leave a comment

According to the latest NFIB Jobs Report, small business job openings remained high in August, with 40% of business owners reporting positions they could not fill, up two points from July. Labor quality concerns also grew, with 21% of owners citing it as their top issue, the highest level reported since January 2024.

“Job openings on Main Street remain historically high as small business owners continue to lament the lack of qualified applicants for their open positions,” said NFIB Chief Economist Bill Dunkelberg.

In August, 62% of small business owners reported hiring or trying to hire, an increase of five points from July. However, 56% of those hiring reported few or no qualified applicants for open positions, with 31% seeing few qualified candidates and 25% seeing none.

AI Will Change Everything in Your Small Business | Small Business Trends

September 10, 2024September 9, 2024 ~ knjohn ~ Leave a comment

AI will fundamentally change the landscape of various industries. Still, many small business owners are slow to adapt and are ignoring this new technology.

My guest on The Small Business Radio Show, KP Reddy who is the author of “Creating the Intangible Enterprise”, an AI expert, founder and CEO of Shadow Ventures. With a background in civil engineering from the Georgia Institute of Technology, KP has become a global authority in AEC environments, AI, robotics, automation, mobile applications, and cloud computing.

KP is also the author “What You Know About Startups is Wrong”, debunking eleven popular myths about what defines a top entrepreneur. His extensive experience includes founding and exiting three technology companies to NASDAQ and NYSE,

Windows 11 24H2: the big update that’s coming soon | Digital Trends

September 9, 2024September 8, 2024 ~ knjohn ~ Leave a comment

Windows 11 is more than a few years old and it is getting feature drops called “moments” every so often, as well as yearly updates. But what about the whole new Windows release that will come after Windows 11?

Earlier leaks from Intel and Qualcomm made mention of Windows 12, leading some to believe that Windows 12 might be in development at Microsoft and could come in 2024.

Whether or not it’s called Windows 12 or Windows 11 24H2, a big update is coming. Here’s what we know so far.

Google Pixel 9 vs. Pixel 8: Do you really need to upgrade? | Digital Trends

September 9, 2024September 8, 2024 ~ knjohn ~ Leave a comment

Google has unveiled its 2024 smartphone lineup, including the Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL, and Pixel 9 Pro Fold. Google has really pulled out all the stops this year, producing a big stable of phones with gorgeous designs, much improved battery lives, and the customarily amazing cameras we’ve come to expect from Google’s phones. They really are the top Google phones for this year.

But while they may have exceeded last year’s Pixels, are they a must-upgrade? If you currently have a Pixel 8, you might be considering upgrading to the Pixel 9 — but should you? We have the answers for you, so you can make the best choice. Read on below.