As a business owner, you are likely familiar with traditional methods of raising capital such as seeking help from business angel investors or venture capitalists. However, business owners also have the opportunity to raise funds via crowdfunding. So, what is crowdfunding?
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Author:
Mike Kappel
Mike Kappel, serial entrepreneur and CEO of Patriot Software, offers payroll advice from more than 30 years of experience to small business owners.
Your Beginner’s Guide to Sales Tax Nexus
If your business operates in a location that imposes sales tax, you are likely familiar with the concept of sales tax. But, have you heard of sales tax nexus? Mastering sales tax nexus boils down to one question: What is nexus? Read on to learn the basics of sales tax nexus, including state guidelines and […]
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Assets Definition, Types of Assets, and More
Over time, your small business gains assets when you purchase items that bring value to your company. These assets are an essential part of your business that can help generate revenue and increase your business’s value. So, what are assets?
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Electronic Funds Transfer Process: What to Know
As a business owner, you’re likely always on the hunt for ways to save time and money. Maybe you use basic accounting software to track incoming and outgoing money. Or, maybe you automate your email marketing with a tool that sends emails to your customers or vendors for you. If you love saving time and […]
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What Is Business Equity, And How Does It Represent the Value of Your Small Business?
Many small business owners invest their own money to help fund their startups. According to one study, 78% of small businesses rely on their personal savings for initial funding.
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What Is Interest?
As a business owner, you likely borrow money to help fund your startup. And when you need a business loan, lenders typically charge you interest. So, what is interest?
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What Is Market Price? Pinpointing Where Supply Meets Demand
Knowing the market price for products or services is key to knowing how to get a deal, increase sales, and grow your business. And when it comes to running your company, you likely participate in different markets to provide your goods or services. Depending on your offerings and industry, your business’s market price may vary. […]
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Want to Accept Mobile Payments from Customers?
Have you ever been in a store and noticed a lack of cash registers or point-of-sale (POS) terminals? Yet customers are making purchases. How do they do it? Two words: mobile payments.
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How’s Your Small Business General Ledger Lookin’?
Your business’s general ledger plays a significant role in forecasting the financial health of your company. But if you’re slacking on your general ledger entries, your business could suffer the consequences.
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Cash Flow Projection: Glimpse into Your Financial Future
Your cash flow statement can give you an idea of your business’s current financial health. But, wouldn’t it be nice to see your company’s future cash flow? You don’t need a crystal ball to view your cash flow’s future. Instead, create a cash flow projection. Read on to learn about cash flow projection and how […]
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