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 […]
Employees
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 […]
More PPP Updates!
More PPP Updates: New Forgiveness Application: A new application to apply for loan forgiveness became available on June 16th. There is also an EZ Loan Forgiveness Application. Payroll Costs % Decrease Only 60% of loan proceeds must be used for payroll costs versus 75% with previously issued rules. Maturity Date Loans issues prior to June […]
A Few PPP Loan Forgiveness Tactics
You want to make sure that as much of your PPP loan is forgiven as possible. Here are a few ways you may not have thought of: Non-Payroll Costs: You can include interest payments on loans, the cost of telephone services, including your cell phone, faxes, VOIP services, and Internet services, fuel for your vehicles, […]
PPP Loan Forgiveness Application
There is a forgiveness application that was made available from the Paycheck Protection Program and here are the highlights and definitions: Average Full-Time Equivalent “FTE” Calculation: To calculate FTE, you can use a simplified version to determine this by assigning a 1.0 for employees who work 40 hours or more per week and 0.5 for […]
What Will Your Business Look Like and What Changes Can You Make?
Eventually things will open up fully and business activity will be flowing better than it is right now. What will your business look like and what are some changes you can make? Technology The use of virtual meeting technology has skyrocketed with apps like Zoom and Google Meet. This pandemic has forced businesses to be […]