Do you want to better understand what is happening in the economy and sound extra smart? Here are 4 terms you should know and understand. Inflation: Inflation is the decrease of purchasing power of your money. What used to cost $10 now costs $12 because your money is not as valuable. Good economists know that […]
Employees
PPP Deadline Approaching
The deadline for the PPP loan is March 31st, so do not wait to apply if you qualify. Some tips are as follows: Apply through your existing bank You must have 300 or fewer employees Have already used or plan to use your original PPP funds Can demonstrate at least a 25% reduction in revenue […]
Increase & Conserve Your Mental Energy in 5 Ways
What exactly is mental energy? A good definition can be found at PubMed.gov and can be described as “ . . . the ability or willingness to engage in cognitive work.” Why is this important what can you do to manage your mental energy? Importance of Mental Energy Using your mental energy wisely can help […]
PPP2 Overview
Questions about PPP2? Here is an overview: How much is the loan amount? The amount is 2.5 times your average monthly payroll during 2019 or trailing 12 months. For hotels and restaurants the amount is 3.5 times average monthly payroll. How to qualify? You must have 300 or fewer employees Have already used or plan […]
Run Your Business Smoothly During the Holidays
Is that a contradiction, especially if you are a retailer? Aside from retailers and the hecticness from all the holiday shopping, the holidays can go somewhat smoothly for your business. Here are a few ideas for non-retailers and those businesses that are not absolutely crazy during the Holidays: Schedule time off: Some businesses close during […]
Are You Ready to Complete Your PPP Loan Forgiveness Application?
Did 24 weeks pass after you received your PPP funds? If so, then now is the time to complete your PPP loan forgiveness application. Here are a few tips from the SBA: There are several different forms to use, including SBA Form 3508, SBA Form 3508EZ, SBA Form 3508S, or a lender equivalent. To quickly […]
Hate Your Job, Make Less Money and Be Unhappy?
There is a recurring theme that I keep on hearing about love/hate relationships with jobs. It’s only anecdotal, but are job haters unhappy and make less money than those with high job satisfaction? What are the possible reasons and what can you do about it? Difference between a difficult job and hating your job There […]
3 Things MBA’s Don’t Learn in School
Obtaining an MBA is quite an accomplishment and is something to be proud of. However, there are 3 eye-opening things they don’t teach MBA’s in school, especially when running a small business. You’re probably so smart that you’re not Intelligence and knowledge are extremely useful in life, but it can also be a liability. What […]
Before You Open Up A New Location
It’s not a crazy idea, but now may be the time to open another location. Before you do, here are a few things you should consider: Do you still have capacity at your existing location? It’s much, much easier and less expensive to utilize your existing location to increase your sales and profits then to […]
What Changes Will You Make?
Hopefully we don’t see a pandemic like COVID-19 in a long time or never see one again. Aside from practicing safety, there are many business changes that you are probably thinking of making and here are a few examples: Work from Home More, but not too Much Now that many of us have been forced […]