How to Cut Costs as a Small Business Owner | Getentrepreneurial.com

May 10, 2023May 9, 2023 ~ knjohn ~ Leave a comment

As a small business owner, it’s important to be mindful of your spending. Cutting costs is one way to help ensure the success of your business so you can expand into a major corporation like Black Tie Moving Here are some tips on how you can cut costs as a small business owner.

Review your business expenses and cut out anything that is unnecessary

The first step to cutting unnecessary business expenses is reviewing what you’re spending your money on. Take a close look at your past invoices and compare them to your budget. Are there any areas where you’re spending more than you had planned? If so, see if there are any cheaper alternatives. For example, if you’re spending a lot on office supplies, see if you can buy in bulk or find a cheaper supplier. Once you’ve identified areas where you can save, make a plan to cut those expenses.

How to Cut Costs as a Small Business Owner | Getentrepreneurial.com

March 8, 2023March 6, 2023 ~ knjohn ~ Leave a comment

Review your business expenses and cut out anything that is unnecessary

Entrepreneur or Small Business Owner: Which One Are You? | businessnewsdaily.com

September 1, 2022 ~ knjohn ~ Leave a comment

A new study finds that the difference between being an entrepreneur and a business owner lies in your company’s legal status.

According to a study in the Quarterly Journal of Economics, a business’s legal status is what separates entrepreneurs from other business owners.
Entrepreneurs tend to be incorporated, while small business owners are not.
Incorporated business owners reported an increase of $6,600 in median annual earnings compared to their previous salaries when they became entrepreneurs, according to study findings.

4 Low-Cost Digital Marketing Tactics for Startups | AllBusiness.com

April 9, 2021 ~ knjohn ~ Leave a comment

Starting a business is not an easy task. The idea of being your own boss and calling the shots is something many of us desire and long for, but making it a reality is no walk in the park. Being an entrepreneur comes with many risks and challenges.

Marketing is a critical aspect of a new business; however, successfully executing a marketing plan is a challenge faced by many startups. And no matter how great your products and services are, without the right marketing strategy, the chances of reaching your potential customers and generating profits are incredibly low

Business Grants vs. Business Loans | business.com

August 19, 2020August 18, 2020 ~ knjohn ~ Leave a comment

Learn whether a business grant or business loan is better for your business.

Running a business is expensive – plain and simple. At some point, there is a good chance you will need to seek additional funding from an outside source. One way to do that is through a business grant or loan. Although the two may seem similar, there are a few key differences that will make one type the better option for your business.

What are PEOs and ASOs? | business.com

August 19, 2020August 18, 2020 ~ knjohn ~ 1 Comment

If you’re considering outsourcing your HR responsibilities, there are several options to consider, such as PEOs and ASOs.

As a small business owner, your expertise is likely in the industry your company is in and not necessarily in some of the tasks that go into running any business, like running payroll, managing tax compliance, and researching benefit options. That’s why, depending on the size of your business, it may be in your best interest to outsource these responsibilities. Among the options you may want to consider are using a professional employer organization (PEO) or administrative services organization (ASO) to manage all, or some, of your human resources responsibilities.

6 Strategies You Need to Run Your Company Through Uncertainty | Entrepreneur

April 28, 2020April 27, 2020 ~ knjohn ~ Leave a comment

Well, I didn’t expect this to happen — and I’m guessing you didn’t either. If you’re a small-business owner, you need a plan more than ever. These are the strategies I’m relying on as a small-business owner to help me lead through this extremely uncertain time.

1. Time

You need to give yourself a little time to process the impact this coronavirus will have and the challenges and opportunities that it has created for you, your business, your family and others. Most of us will be a little dazed for a while. Unfortunately, just because some of us have more time on our hands doesn’t mean we’ll spend it productively. Right now, I’m mostly focusing on taking a deep breath.

How to Embrace the Power of No in Your Small Business | Inc.com

March 18, 2020March 17, 2020 ~ knjohn ~ Leave a comment

Ever try to negotiate with a toddler? You’ll soon find one of the first words that they learn is “no,” and they use it every chance they get to let you know what you’re offering doesn’t work for them. You don’t have to cross your arms and pout, to see the lesson learned from them in how most entrepreneurs negotiate.

As a small business owner, you are probably optimistic to a fault and eager to please. You focus on making customers happy at all costs, so you are willing to take on an immense amount of pressure to avoid ever having to say the dreaded word “no.”

This is a shame because there’s so much power in that single word. When used thoughtfully and intentionally, it creates negotiating leverage, but more importantly, it changes the entire psychology of the decision-making process.

How to Transition from Small Business Owner to CEO | business.com

December 3, 2019 ~ knjohn ~ Leave a comment

Learn how small business owners can transition from day-to-day duties to the CEO role.

All entrepreneurs get lost in the details of the business, but that approach is not scalable.

Having a CEO performing CEO duties is crucial to the health of the company.

By focusing on the big picture, entrepreneurs can more effectively identify what they want to accomplish and how to go about it.

All entrepreneurs have probably heard the well-worn advice “Work on your business, not in it.” It sounds like just another corporate cliché, but it’s a necessary caution because any entrepreneur is in danger of getting sucked into nitty-gritty employee work instead of assuming the big-picture CEO role. Take it from me.

3 Small Business Expenses That Add up Quickly | The Startup Magazine

August 19, 2019August 18, 2019 ~ knjohn ~ Leave a comment

As a small business owner, you know that it takes money to make money—and unfortunately, sometimes it takes more money than you’d think. From paying your employees to managing your utility bill, there are a lot of small business expenses that can quickly eat away at your take-home revenue if you’re not being proactive about it.

If you’re not sure how to evaluate your small business expenses or optimize them, look no further. In this article, we’re going to call out those expenses that tend to add up quickly and give you tips to help you regain financial control of your small business.