Getting Started

A new report from small business lender OnDeck, in partnership with document AI platform Ocrolus, finds that while small business owners remain largely optimistic about their growth potential, economic uncertainty is prompting many to take precautionary steps. According to the Small Business Cash Flow Trend Report, released on May 20, 2025, 93% of small businesses surveyed said they anticipate either significant or moderate growth in 2025. This figure reflects only a slight dip from the 94% who shared the same outlook in the fourth quarter of 2024. However, that optimism comes with increased caution. More than half of small businesses (55%) say they’ve already taken pre…

Corporate strategic planning is a vital process for any organization. It helps you set long-term goals and align resources effectively. This planning not only preserves your competitive edge but likewise improves team collaboration. By evaluating both internal and external factors, you can adapt to market changes and boost performance. Comprehending its significance can lead to sustained success. Nevertheless, knowing the key components and stages of this planning is fundamental to fully grasp its impact on your organization. Key Takeaways Corporate strategic planning defines and aligns long-term organizational goals to enhance focus and direction across teams. It ens…

Perfecting inventory control is crucial for your eCommerce success, as effective management directly impacts your bottom line. By implementing strategies like regular stock audits and real-time tracking, you can identify discrepancies and guarantee ideal stock levels. Moreover, using ABC categorization helps you prioritize high-value items, allowing for better resource allocation. These methods not only improve operational efficiency but furthermore boost customer satisfaction. Nevertheless, there’s more to explore about the specific techniques that can further streamline your inventory process. Key Takeaways Implement regular stock audits to ensure inventory accuracy…

Key Takeaways Five Guys operates as a franchise, allowing independent entrepreneurs to open locations under the established brand.The franchise model fosters rapid growth while offering support and resources to franchisees, enhancing their chances of success.Key characteristics of Five Guys include strong brand recognition, a limited menu focused on quality, and no paid advertising—relying instead on customer loyalty.The initial investment for a Five Guys franchise can be significant, with costs ranging from $152,600 to over $5 million, requiring substantial financial resources and commitment.Owning a Five Guys franchise comes with challenges, including operational mana…

Salesforce recently shared compelling insights from its 2025 holiday shopping report, highlighting a transformative season for retailers and consumers alike. With global online sales reaching a staggering $1.29 trillion and $294 billion in the United States alone, small business owners focusing on e-commerce should take note of the underlying trends—especially the significant influence of artificial intelligence (AI) and personalized customer engagement. As small business transactions increasingly shift online, the findings reveal that AI-driven technologies and agents were instrumental, driving 20% of all retail sales and contributing $262 billion in revenue through tai…

Onboarding new hires effectively is vital for retention, and there are seven fundamental programs that can make a significant difference. For instance, sharing relevant information gradually helps new employees feel less overwhelmed. Engaging recruits before their start date builds anticipation and commitment. A thoughtful first-day experience sets a positive tone. Assigning a buddy can provide informal support, as ongoing check-ins keep communication flowing. Comprehending these strategies will reveal how they collectively nurture a sense of belonging and improve employee satisfaction. Key Takeaways Implement gradual information sharing to familiarize new hires with …

Key Takeaways Storage Solutions: Storage unit facilities provide efficient and secure options for individuals and businesses facing space constraints, allowing for flexible storage of various items. Cost-Effective: Utilizing storage units can be a budget-friendly option, offering savings compared to leasing larger office spaces or using moving trucks, along with promotional discounts. Enhanced Security: Most facilities are equipped with advanced security features, such as 24/7 surveillance and gated access, ensuring the safety of stored items. Types of Storage: Understanding the options between indoor and outdoor storage can help businesses optimize operations and c…

As a startup owner, managing your finances is crucial to your success. Utilizing effective budget templates can streamline your financial planning and help you track expenses accurately. From the Annual Startup Business Budget to the Startup Website Budget Tool, these templates provide structured frameworks customized for various needs. Comprehending these tools is vital for informed decision-making, which can greatly influence your startup’s growth trajectory. Let’s explore each template and how they can benefit your business. Key Takeaways Startup Expenses Template: Helps estimate launch and ongoing costs, categorizing expenses for prioritization and clear financial…

Bank of America Institute’s latest “Small Business Checkpoint” report, released May 15, 2025, reveals a complex picture of small business behavior across the country, with signs of sector-specific inventory stocking and mixed trends in hiring activity. The findings are based on internal transaction data and provide a snapshot of small business financial activity in the face of ongoing economic uncertainties. Stocking Up in Select Sectors The report shows that small businesses overall are not significantly increasing their inventory levels, despite the recent surge in tariffs contributing to economic uncertainty. However, firms in the manufacturing and services sectors ar…

Lenovo has unveiled a new lineup of AI-powered desktop PCs and business monitors aimed at boosting workplace productivity, multitasking, and scalability across industries. The announcement, made on May 14, 2025, introduces the ThinkCentre M Series Gen 6 desktops and ThinkVision T Series Gen 40 monitors—both built to meet the increasing demand for AI-ready computing environments. The ThinkCentre M Series Gen 6 includes towers, compact desktops, and all-in-one (AIO) systems designed to deliver scalable power and enterprise-level security for businesses of all sizes. Each desktop is engineered to support AI workloads such as model training, data analysis, and 3D visualizati…

Fiverr International Ltd. has reported a dramatic surge in demand for freelancers specializing in AI agent development, with searches rising 18,347% over the last six months. According to the company’s Spring 2025 Business Trends Index, which analyzes tens of millions of searches since September 2024, businesses are increasingly outsourcing work to freelance specialists who can implement AI systems capable of independently performing tasks like reading emails, scheduling meetings, and handling customer questions. This surge in interest comes as businesses race to integrate so-called “digital colleagues” into their workflows. Fiverr says the adoption of AI agents is outp…

Key Takeaways Continuous Learning: Embrace every challenge as a learning opportunity to refine your skills and enhance your knowledge about the market and your business model. Adopting a Growth Mindset: View failures as chances to innovate and improve, fostering resilience and a proactive approach toward business challenges. Effective Adaptation: Stay flexible by conducting regular market research, implementing diverse growth strategies, and leveraging digital marketing to respond to changing customer needs. Building Resilience: Collaborate with mentors, strengthen your team, and develop financial awareness to navigate setbacks and maintain a sustainable growth traj…

Business self-employment allows you to take charge of your professional life, enabling you to run your own venture and set your own schedule. To begin, you need to identify a niche that aligns with your skills and interests. This involves selecting a unique business name and comprehending the legal requirements, such as licenses and permits. Furthermore, managing your finances and taxes is essential. As you explore these steps, consider how effective marketing strategies can markedly influence your success. Key Takeaways Business self-employment allows individuals to control their work schedule, income, and decisions while managing their own taxes. Identify a niche th…

Xero, the global small business platform, has launched Tap to Pay on iPhone for small businesses in the United States, allowing users with a Stripe account to accept contactless, in-person payments through the Xero Accounting app — without the need for additional hardware or payment terminals. The new feature enables businesses to accept all forms of contactless payments, including credit and debit cards, Apple Pay, and other digital wallets, using just an iPhone. Transactions are processed through the iPhone’s built-in Near Field Communication (NFC) technology, with support for PIN entry and accessibility features. The new capability is available to businesses using an …

As summer travel ramps up, Airbnb is once again activating its anti-party technology across the United States to deter potentially disruptive bookings over Memorial Airbnb announced on May 19, 2025, that it will again activate its anti-party technology across the United States for the Memorial Day and Fourth of July weekends. This marks the fourth consecutive year the company has deployed these defenses to reduce the risk of unauthorized parties on the platform. The anti-party system is designed to identify and block certain one-to-two-night bookings of entire home listings that may present a higher risk for a disruptive party. The technology considers multiple factors,…

Key Takeaways Cost Components: Building storage units involves various costs including land acquisition, construction materials, labor, site preparation, and utility installations, which all significantly impact the overall investment. Location Matters: The geographical location affects the cost of land and construction, with urban areas typically incurring higher expenses but potentially offering greater demand for storage units. Size and Design Impact Costs: The size and complexity of your storage facility influence pricing, with larger and more intricate designs resulting in increased construction and material costs. Permits and Legal Fees: Always budget for perm…

Key Takeaways Choosing the right name for your lash business is crucial for making a strong first impression and establishing brand identity.A memorable and catchy name enhances brand visibility and aids in customer acquisition in a competitive market.Understand your target audience to select a name that resonates with their preferences and lifestyle.Reflect your brand’s personality and values, such as luxury or sustainability, in your business name to attract the desired clientele.Avoid common mistakes like using difficult names, being too generic, and neglecting availability and brand consistency.Research competitors and industry trends to create a unique identity tha…

With millions of drivers preparing to hit the road for Memorial Day weekend, gas prices have remained stable nationwide, providing welcome news for travelers. According to AAA, the national average for a gallon of regular gasoline holds at $3.19, unchanged from the previous week and significantly lower than one year ago, when prices stood at $3.61. AAA reported on May 22 that current prices represent the lowest Memorial Day average since 2021, when the national average was $3.04 per gallon. Experts attribute the stability to a supply surplus in the crude oil market, with production outpacing demand. The latest data from the Energy Information Administration (EIA) shows …

A messaging template is an essential tool for enhancing communication within your organization. It helps guarantee your messages are consistent, clear, and aligned with your brand’s values. For instance, by defining core messages and providing context customized to different audiences, you can streamline your communication efforts. This approach not only saves time but likewise strengthens your brand identity. Nonetheless, creating an effective messaging template requires careful consideration of several key components. What exactly should you include? Key Takeaways A messaging template is a structured framework that standardizes communication within organizations for…

Key Takeaways Impact on Success: A well-planned startup office setup enhances productivity, fosters collaboration, and ultimately contributes to the success of your business. Optimal Layout: Design your office layout to encourage teamwork with communal areas while also incorporating quiet zones for focused work. Ergonomic Furniture: Invest in ergonomic furniture that ensures comfort and promotes employee well-being, which in turn boosts productivity. Technology Integration: Utilize reliable technology and high-speed internet to streamline operations and enhance communication among team members. Budgeting Wisely: Engage in careful budgeting by considering location, …

Boosting team morale is crucial for workplace productivity and satisfaction, and engaging in team-building activities can be a practical solution. From an Office Scavenger Hunt that encourages collaboration to Two Truths and a Lie for breaking the ice, these activities can promote stronger connections among team members. Each option offers unique benefits, making it easy to find something that suits your team’s dynamics. Let’s explore some of these entertaining activities and how they can improve your workplace environment. Key Takeaways Organize an Office Scavenger Hunt to promote teamwork and friendly competition while reinforcing company culture and values. Incorpo…

A brand development agency focuses on shaping and enhancing your brand’s identity to connect with your target audience effectively. They conduct thorough market research, develop cohesive brand assets like logos and messaging, and craft compelling narratives that represent your brand’s mission. By monitoring performance and making strategic adjustments, these agencies help nurture customer loyalty. Comprehending their specific processes and the benefits they offer can greatly impact your brand’s success in a competitive environment. Key Takeaways Conducts in-depth market and competitor research to identify unique value propositions and target audiences. Develops cohes…

The U.S. Small Business Administration (SBA) has taken a significant step to bolster American manufacturing by awarding $1.1 million in grants aimed at supporting small manufacturers through its Empower to Grow (E2G) Program. These funds will help three organizations provide vital training and technical assistance tailored specifically for small manufacturing entities, a sector identified as crucial for economic recovery and national security. As SBA Administrator Kelly Loeffler noted, “The SBA is focused on delivering for America’s manufacturers – the majority of whom are small businesses – by offering the capital and resources they need to rebuild America’s industrial …

When you’re tasked with creating a logo, knowing where to start can be overwhelming. The right logo maker can simplify the process and provide you with stunning design options. Several top websites cater to different skill levels and needs, ensuring that you can find the perfect fit. From user-friendly interfaces to advanced customization features, these platforms offer valuable tools. Let’s explore the best logo creation websites that can enhance your brand identity effectively. Key Takeaways Canva offers a vast library of over 8,000 customizable logo templates, ideal for creating stunning designs with ease. Wix Logo Maker automates logo design, making it beginner-fr…

The employee onboarding process is a systematic approach that helps new hires shift into an organization over the course of up to 12 months. It’s essential for setting clear expectations, providing necessary resources, and building relationships with coworkers. Effective onboarding not merely boosts employee engagement but also greatly reduces turnover rates. Comprehending these elements can highlight the importance of a well-structured onboarding experience, which can lead to improved productivity and job satisfaction. What strategies can organizations implement to optimize this process? Key Takeaways Employee onboarding is a structured process that integrates new hi…