Getting Started Guides

Small business sales in the U.S. rose slightly in April, according to the latest Fiserv Small Business Index released by Fiserv, Inc. (NYSE: FI). The seasonally adjusted Index increased by one point to 151, reflecting a 0.4% month-over-month increase in sales and a 3.2% increase year-over-year. The report highlights a shift in consumer behavior as buyers continue to prioritize essential goods and services while cutting back on discretionary spending. “Even as consumer spending shows resiliency, market uncertainties appear to be driving budget-conscious consumers to reprioritize where they spend their money,” said Prasanna Dhore, Chief Data Officer at Fiserv. “Small busin…

Starting a sole proprietorship can be a straightforward process, but it requires attention to detail. First, you’ll need to choose a business name, which can be your own name or a unique trade name. Next, you’ll file an Assumed Name Certificate if you’re using a trade name. It’s likewise vital to research any necessary licenses or permits based on your location and type of business. Comprehending these steps is significant, as there are several factors to reflect upon before launching your venture. Key Takeaways Choose a business name, either your legal name or a unique trade name, and register it if necessary. File an Assumed Name Certificate for your trade name, typ…

If you’re considering venturing into the realm of franchising, there are several profitable options nearby that could meet your interests and financial goals. From food and beverage franchises thriving in Houston’s diverse culinary environment to health and wellness opportunities like Pure Green, there’s something for everyone. Furthermore, educational franchises such as Bach to Rock! cater to families, whereas home services like Bar-B-Clean tap into the growing demand for convenience. Grasping these options can help you make an informed decision. Key Takeaways Food and Beverage Franchises: Houston’s diverse dining scene offers profitable options, fueled by a growing …

In terms of boosting customer retention, selecting the right loyalty program provider is essential. Open Loyalty offers a flexible solution with an API-first approach, whereas Smile.io provides quick setup customized for e-commerce. Cheetah Digital stands out with its all-encompassing engagement tools, and Talon.One shines in advanced promotion management. Antavo rounds out the list with its focus on omnichannel experiences. Grasping these options can greatly impact your business strategy and customer relationships. What’s the best fit for your needs? Key Takeaways Open Loyalty offers a customizable API-first solution with gamification elements for enhancing customer …

In terms of employee training, selecting the right platform is essential for your organization’s success. The top seven platforms—Absorb LMS, Litmos, Talent LMS, LearnUpon, Docebo, Adobe Learning Manager, and Udemy Business—offer various features like customizable training programs and analytics. Each platform has its strengths, suited for different training needs. Comprehending these differences can help you make an informed decision, which could greatly affect your workforce’s development. What features matter most to you? Key Takeaways Absorb LMS: Highly rated for scalability, user satisfaction, and smart automation features, ideal for organizations of any size. Li…

Client loyalty cards are programs designed to encourage repeat business by rewarding customers for their purchases. These cards can provide points, discounts, or exclusive benefits, depending on the business’s strategy. Customers typically register, sharing personal information, and accumulate rewards with each transaction. This system not only incentivizes customers to return but additionally helps businesses better understand their buying habits. To fully grasp the mechanics and impact of these programs, let’s explore their history and functionality further. Key Takeaways Client loyalty cards are tools that reward customers for repeat purchases, enhancing retention …

Media scheduling is a vital aspect of advertising strategy that involves planning when and where ads will be placed across different channels. It focuses on timing, placement, and frequency to engage your target audience effectively. By optimizing your budget and tracking returns on investment, media scheduling improves campaign effectiveness. Comprehending its techniques and importance can considerably impact your brand’s visibility. Let’s explore how to create a successful media schedule customized to your audience’s needs. Key Takeaways Media scheduling strategically plans ad delivery to optimize timing, placement, and frequency for maximum audience engagement. It …

Key Takeaways Understand Monograms: Monograms are personalized designs combining letters, offering a unique branding element that resonates with customers and enhances product appeal. Market Demand: There is a growing demand for personalized products, making it a lucrative opportunity for entrepreneurs. Tailoring offerings to customer preferences can boost acquisition and retention. Research and Planning: Conduct thorough market research to identify your target audience, analyze competitors, and develop a comprehensive business plan that outlines your business model and growth strategies. Choose Your Niche: Selecting a specific niche helps differentiate your busines…

In terms of boosting your sales prospecting strategy, having the right tools is essential. Tools like Cognism and ZoomInfo offer advanced search capabilities and real-time data updates. Meanwhile, platforms such as LinkedIn Sales Navigator and Lusha help you identify and engage with your target audience more effectively. These resources improve lead qualification and enhance conversion rates, but there are more options available. Exploring these tools can greatly impact your outreach efforts and overall success. Key Takeaways Utilize sales intelligence platforms like Cognism for accurate contact details and GDPR-compliant outreach to decision-makers. Leverage ZoomInfo…

When you go through a background check, being labeled as “eligible” means you’ve met the employer’s specific requirements. This status indicates that your criminal history, employment records, financial background, and educational qualifications don’t raise any red flags. Nevertheless, eligibility can vary based on what each employer considers important. Comprehending how these factors play into your eligibility can be vital, especially if you’re unsure about what might affect your chances. What elements might lead to a different outcome? Key Takeaways “Eligible” indicates that a candidate meets the necessary criteria set by the employer for employment consideration. …

The rapid growth of artificial intelligence (AI) applications is reshaping how businesses operate, especially for small enterprises keen on staying competitive. A significant development in this arena comes from a partnership between Cisco and Intel, unveiling an innovative integrated platform designed to streamline AI workloads. This approach empowers small business owners to better utilize their data by bringing computation power directly where it is needed most — closer to the edge. As businesses across sectors like retail, manufacturing, and healthcare increasingly rely on data-driven insights, the need for adaptable infrastructures that can manage data efficiently i…

The National Federation of Independent Business (NFIB) has announced its strong support for the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, a bipartisan bill introduced by Rep. Neal Dunn (FL-02). The legislation aims to eliminate barriers preventing independent auto repair shops from accessing critical tools, software, and repair manuals that are currently available only to manufacturers and authorized service centers. In a letter sent to Rep. Dunn from NFIB’s Principal in Foreign Government Relations Andrea McGee writes, “NFIB represents approximately 300,000 small and independent businesses across the country. As the role of technology become…

Key Takeaways Understanding Diverse Costs: Incorporating your business involves various costs, including state filing fees, legal expenses, and compliance requirements that can significantly affect your budget. Types of Incorporation Matter: The legal structure you choose affects the overall costs. LLCs, Corporations, S Corps, Partnerships, and Sole Proprietorships come with different fees and benefits; understanding these differences is crucial. State Fees Vary: Incorporation costs differ by state, with fees ranging from as little as $35 to over $300, impacting where you might choose to register your business. Account for Hidden Costs: Ongoing expenses like annual …

Hiring difficulties remain a significant challenge for small businesses, particularly in the construction and transportation sectors, according to NFIB’s January jobs report. The report found that 35% of small business owners reported job openings they could not fill in January, a figure unchanged from December. Job openings were most prevalent in transportation, construction, and manufacturing, while the agriculture and finance sectors reported the fewest vacancies. The construction sector saw a notable four-point increase in job openings from December but remained two points lower than January 2024. “Small business owners are certainly feeling hopeful about the direct…

If you’re considering venturing into entrepreneurship, exploring new franchise opportunities can be a strategic move. Several franchises like Minuteman Press International and Wayback Burgers are gaining attention for their innovative services and products. Furthermore, trends in sustainability and technology integration are shaping the market. With options ranging from travel to food, there’s potential for growth across various sectors. Comprehending these trends can help you make informed decisions about your investment options. Key Takeaways Explore Minuteman Press International for a strong digital printing franchise with a low cash requirement and a solid reputat…

Key Takeaways Brand Consistency is Crucial: Ensuring all franchise units maintain the same brand identity is essential for customer trust and brand loyalty. Effective Communication with Franchisors: Managing the relationship with your franchisor through clear communication can prevent conflicts and enhance operational support. Market Adaptation is Necessary: Staying alert to market fluctuations and consumer behavior ensures your franchise remains competitive and relevant. Financial Management Matters: Understanding and managing initial investments, ongoing fees, and operational costs is key to a franchise’s long-term success. Legal Compliance is Mandatory: Adhering…

Key Takeaways High Initial Investment: Franchise ownership typically requires significant startup costs, including franchise fees and equipment purchases, which can strain financial resources. Ongoing Royalties and Fees: Franchisees must pay royalties based on their earnings, significantly impacting profitability and financial growth. Limited Control and Flexibility: Running a franchise involves adhering to strict franchisor guidelines, limiting creative freedom and responsiveness to market changes. Brand Reputation Risks: The success of your franchise is tied to the overall brand reputation; issues at other locations can adversely affect your business. Legal and C…

Gasoline prices across the U.S. remained largely unchanged over the past week, with the national average for a gallon of gas holding at $3.16, according to AAA. The price per kilowatt hour of electricity at public EV charging stations also remained stable at 34 cents. Gasoline Supply and Demand Trends The latest data from the Energy Information Administration (EIA) shows a decline in gasoline demand, falling from 8.57 million barrels per day (b/d) to 8.23 million b/d. Total domestic gasoline supply also dropped slightly, from 248.1 million barrels to 247.9 million barrels. Gasoline production saw a decrease, averaging 9.2 million barrels per day. The current national gas…

Finding reliable funding can be one of the biggest challenges for entrepreneurs and small business owners. Whether you’re launching a startup, expanding your team, or investing in new technology, securing a grant can offer the boost you need—without taking on debt. That’s why we’re here every week with the latest verified small business grant opportunities from across the country. From local government initiatives to national programs and private sector funding, our goal is to connect you with real, actionable funding that fits your needs. Here’s this week’s roundup of small business grants you can apply for right now: Gran Coramino Expands Small Business Grant Program…

It’s kind of a misnomer. Ghost Kitchens aren’t spooky figments of the imagination. They are real. Ghost kitchens are facilities where food is prepared, cooked, and packaged specifically for delivery. Orders are placed and managed online. There are several ways you can start ghost kitchens: Within a restaurant that you already own or lease. Within a restaurant that you don’t own or lease. From your home. Ghost kitchens grew hugely as a response to Covid restrictions. That’s when “ordering in” became even more popular. In fact, according to stats the average person in the US orders food at least once a week. The big restaurant operators are already taking advantage of…

Key Takeaways Market Understanding: The global footwear market is valued at approximately $365 billion, growing at a CAGR of nearly 5.4%, highlighting the importance of identifying lucrative niches within the industry. Trends for Success: Stay ahead by leveraging key trends such as sustainability, e-commerce, customization, and digital marketing to enhance brand visibility and consumer appeal. Niche Definition: Clearly define your target market, focusing on specific segments like athletic, luxury, or eco-friendly shoes to differentiate your brand and tailor your product offerings. Effective Planning: Developing a comprehensive business plan that outlines your model,…

Key Takeaways Assess Your Reasons: Evaluate your motivations for deleting your Twitter account, whether it’s for privacy, reduced social media usage, or a shift in focus to other platforms. Back Up Your Data: Before proceeding with deletion, ensure you back up any important data, as recovering it post-deletion is impossible. Understand the Deletion Process: Familiarize yourself with the straightforward steps to deactivate your account from the Twitter settings menu on both desktop and mobile. 30-Day Reactivation Period: Remember that after deactivation, Twitter holds your account data for 30 days, allowing you time to reconsider and reactivate if desired. Focus on …

An employee handbook is a crucial document that outlines your company’s policies and expectations. It serves as a guide for both new hires and current employees, detailing procedures and standards for behavior. Comprehending its structure and content is fundamental for promoting a positive workplace environment. Key sections, like employment policies and conflict resolution procedures, will help you navigate your role and responsibilities. But what specific components make an effective handbook? Key Takeaways An employee handbook outlines company policies, procedures, and standards for employee behavior within the organization. It serves as a roadmap for new hires to …

The U.S. Small Business Administration (SBA) has reinstated lender fees for its 7(a) loan program, reversing a Biden-era policy that the agency said contributed to financial instability and undermined the program’s zero-subsidy requirement. The action was announced Thursday as part of a broader effort to address what the SBA described as “gross financial mismanagement” under the previous administration. “Since its inception, the SBA’s 7(a) loan program has launched millions of small businesses, driving economic growth and job creation. But the Biden Administration’s actions to undermine the financial integrity of the program now threaten to leave taxpayers on the hook,” …

The real estate market is continuing to boom, and with it comes the need for home inspection business owners. The best home inspectors have a blend of characteristics. They must have an entrepreneurial spirit, technical skills, expansive knowledge of house systems and construction, and meticulous attention to detail. The home inspector is a key component of the real estate sales system. It plays a pivotal role in communications between real estate agents and in assisting buyers in making informed decisions about the purchase of a property and its price. Starting Your Own Home Inspection Business: Key Steps These are the key steps you should take in starting your own ho…