Getting Started

Key Takeaways Understanding Niche Industries: Specialized sectors cater to specific consumer needs often overlooked by mainstream businesses, opening doors for targeted marketing and significant growth potential. Advantages of Niche Markets: Focusing on niche industries results in reduced competition, allowing for better profit margins, stronger brand loyalty, and opportunities for product innovation. Types of Niche Industries: Popular examples include pet products, health and wellness, eco-friendly goods, artisanal crafts, gaming, and emerging markets like remote work solutions and online education. Challenges Faced: Niche industries encounter unique challenges, su…

What is accounting? In this article, we’ll explain how to get started with an accounting system for your small business. You’ll also learn about accounting, from basic definitions of the basic types to practical applications. A small business owner must maintain records of financial transactions. What’s more, that small business owner must achieve an understanding of how the business transactions fit into the big picture of revenue and expenses. This is where a strong understanding of accounting principles becomes so important. The Basics of Accounting Accounting basics include these elements: Assets: Resources owned by the business, such as cash, inventory, equipment…

Swingline, a leading name in workspace tools, is marking its 100th anniversary with the launch of three new and refreshed stapler models. The milestone release includes the return of the Swingline CUB Compact Metal Stapler, the debut of the Swingline Vintage Plier Stapler, and a vibrant color refresh of the best-selling Swingline 747 Business Premium Desktop Stapler. Since 1925, Swingline has been a staple in workspaces worldwide, known for its combination of durability, efficiency, and timeless design. “For a century, Swingline has been at the heart of workspaces, delivering tools that combine reliability with stylish design,” said Brian Klein, Senior Manager at ACCO Br…

Apple has announced the launch of the latest MacBook Air, featuring the powerful M4 chip, up to 18 hours of battery life, and a new 12MP Center Stage camera. The new MacBook Air models now start at $999, $100 less than the previous version, with an education pricing option of $899. Available in 13-inch and 15-inch sizes, the laptops can be pre-ordered today and will be available in stores starting March 12. The new MacBook Air models are powered by Apple’s latest M4 chip, which features a 10-core CPU and an up to 10-core GPU. According to Apple, the M4 model is “up to 2x faster than the M1 model” and offers “up to 23x faster performance” when compared to Intel-based MacB…

What is Business Personal Property Insurance? In today’s competitive business landscape, every asset, no matter how big or small, plays a pivotal role in operations and growth. Hence, protecting these assets from unforeseen events is of utmost importance. Business Personal Property (BPP) Insurance does just that by providing coverage for a wide range of tangible items essential for daily operations. What is Property Insurance for a Business? Business personal property (BPP) is defined as inventory you can move that your business owns. A business owner policy (BOP) is umbrella coverage that includes insurance for your property. These generally cover the structures and pe…

This week on Small Business Breakdown, our expert panel is back and talking about headlines saying that consumers are turning their attention to small businesses over bigger retailers. Is this actually happening or just something someone is saying? Our panel discusses. They also tackle the topic of creative companies and their use of AI. If these companies do rely on AI technology to provide their products or services, should they be charging less for those products and services? Check out what they have to say on these topics and more in this week’s episode of Small Business Breakdown … Small Business News Roundup – March 8, 2025 Here is a look at the top headline…

Planning to rent some property? Mastering all the legalities of leasing rental property can be overwhelming. How do you account for all potential scenarios and risks? A lease agreement is a binding contract between a landlord and a tenant that defines all the terms of a rental, and any property owner can purchase an inexpensive lease agreement printable to simplify the leasing process. The Benefits of a Printable Lease Agreement Regardless of whether the leased property is a house, office, room, or car, utilizing a printable lease agreement offers numerous advantages. Lease agreement templates are not only very affordable, typically priced at $3 or less, but they also pr…

HP recently unveiled a new lineup of AI-powered business PCs and workstations designed to enhance productivity and streamline high-performance workflows. The latest devices, including the HP EliteBook Ultra G1i, HP ZBook Ultra G1a, and HP Z2 Mini G1a, integrate advanced AI capabilities aimed at professionals across industries. HP’s latest EliteBook Ultra G1i introduces AI-enhanced collaboration and performance features, targeting business leaders who require seamless computing experiences. Equipped with Intel Core Ultra 5 and 7 processors, the device boasts up to 48 TOPS of NPU performance to accelerate local AI workloads, enabling faster presentation creation, email per…

eBay has introduced a series of user experience (UX) enhancements designed to help shoppers find local listings and fast-shipping items more efficiently. The updates include improved delivery estimates, new search filters, and clearer retail standards, making it easier for customers to make informed purchasing decisions. eBay has leveraged artificial intelligence to improve the accuracy of delivery estimates, addressing the challenges posed by its decentralized seller network. By analyzing factors such as a customer’s proximity to an item, the chosen shipping service, the seller’s shipping history, and real-time data synchronization, eBay has enhanced its predictive capa…

The national average for a gallon of gasoline has declined slightly, dropping one cent from last week to $3.11, according to AAA. The decrease is attributed in part to lower crude oil prices, though market fluctuations and the seasonal transition to summer-grade gasoline may impact prices at the pump in the coming weeks. AAA also noted that the national average per kilowatt hour of electricity at public EV charging stations remained unchanged at 34 cents. Fuel Supply and Demand Trends According to the latest data from the Energy Information Administration (EIA), gasoline demand rose from 8.45 million barrels per day (b/d) last week to 8.87 million b/d. Total domestic ga…

The Colorado Office of Economic Development and International Trade (OEDIT) announced the launch of a new three-year Rural Jump-Start (RJS) Operating Grant program aimed at stimulating economic development and job creation in economically distressed rural counties. The initiative, approved by the Colorado Economic Development Commission (EDC), will distribute up to $630,000 in grants to support approximately 36 businesses and at least 120 new jobs across the state. “Colorado is committed to supporting the small businesses that drive our economy and these grants will support businesses in our rural communities around the state. Colorado is one of the best places to start …

Are your company’s business accounts at risk of ACH and wire fraud? If you’re uncertain, it’s important to investigate now. By learning about this type of fraud and putting preventative measures in place, you can safeguard your business from financial losses. This article will provide tips for ACH fraud protection and prevention, so continue reading to discover more. What Is ACH Fraud? ACH fraud refers to the unauthorized use of electronic funds transfer by banks and other financial institutions via the ACH network. This can include instances where an individual’s account information is stolen and used to make a fraudulent ACH transaction or when a scammer tricks a busin…

Invoice payment terms are essential for several reasons. They impact everything from the strength of business relationships to cash management. Specific payment terms are an integral part of financial management. They even tell businesses when they can expect to have money coming in so they can budget and plan their finances. Read this guide for all the details that small businesses may need to know. Essential Invoice Payment Terms Several critical components are involved, including the invoice and payment due dates. Payment terms such as Net 60 or Net 30 define the time frame where the payment is expected. Some invoices might say “owing on receipt.” Common Invoice…

Lumio, a newly launched company specializing in AI-driven solutions for professional services firms, aims to transform how elite practitioners navigate commercial and strategic challenges. Founded by legal industry veterans, Lumio introduces AI-powered bionic teaming to enhance decision-making, business development, and firm leadership in a rapidly evolving market. The legal industry faces increasing competition and volatile demand, with traditional operating models struggling to keep pace. While firms have invested billions in modernization, partners remain underserved in core business functions such as client insights and strategic decision-making. Lumio’s AI-driven so…

Rocketlane has introduced a new invoicing feature designed to eliminate billing errors, accelerate approvals, and integrate seamlessly with accounting tools like NetSuite and QuickBooks. The update aims to streamline billing processes for professional services teams, reducing manual effort and improving cash flow management. Professional services teams frequently encounter issues with billing accuracy due to manual data reconciliation, lengthy approval cycles, and disconnected financial systems. Rocketlane’s new invoicing capability is designed to resolve these inefficiencies by providing a centralized solution for managing complex billing scenarios. “Too many teams spe…

Wix has announced a new native integration with Printful, a leading print-on-demand company, to provide Wix users with direct access to Printful’s fulfillment services. This integration allows merchants, self-creators, and agencies using Wix to create and sell custom-branded merchandise without leaving the Wix platform. According to Wix, this new feature offers users a streamlined and cost-effective solution for launching their own product lines. “This integration gives our users a new opportunity to create high-quality products and merchandise customized to their brand, whether they are a yoga studio owner, a chef, or a dog trainer,” said Jill Sherman, Head of Supplier…

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…

Small businesses often struggle with advertising due to limited budgets. However, there are many completely free ways to promote your business online and increase brand awareness. In this article, we will explore the best free small business advertising ideas that can help small businesses grow their customer base without breaking the bank. Let’s get started! What is free advertising? Free advertising refers to promoting a product or service without spending any money on advertising costs. Instead, businesses can utilize various methods such as social media channels, word-of-mouth marketing, community events, and Google search engine optimization to reach their target au…

The fusion of art and science in interior design has never been more relevant than it is today. As people grow increasingly aware of the impact that well-designed spaces can have on their lives, demand for professional interior designers has surged. This has opened up many opportunities for those skilled in creating functional yet visually appealing environments. Read on for a guide about how to start an interior design business. Why Launch an Interior Design Business? Starting an interior design business can be a dream come true for those who find joy in transforming ordinary spaces into extraordinary experiences. Such a venture not only allows for the expression of cre…

Salesforce and Google have announced a significant expansion of their partnership, integrating Google’s Gemini AI models into Agentforce and strengthening ties between Salesforce Service Cloud and Google Customer Engagement Suite. The move aims to enhance AI-powered customer service capabilities, providing businesses with more flexibility in deploying AI agents. With the integration of Google’s Gemini AI models, Agentforce agents will be able to process images, audio, and video, handle complex tasks using Gemini’s multi-modal capabilities, and leverage real-time insights from Google Search through Vertex AI. “Through our expanded partnership with Google Cloud and deep i…

Blogging has gained immense popularity, offering significant opportunities to establish and expand a business. The crucial factor in building a successful blog lies in pinpointing your blog niche and producing tailored content for a specific audience that is interested in that niche. In this article, we will explore the most profitable blog niches to assist you in discovering a lucrative blog niche idea for your own blog. What is a Blog Niche? A blog niche essentially refers to the subject your blog is about, and it tends to be the blog’s focus. Instead of writing a general blog about many different issues, a blog niche is meant to be more specialized and tailored. A bl…

Zelle processed over $1 trillion in transactions in 2024, marking the highest amount ever sent through a person-to-person payment service in a single year. The platform also saw significant growth in transaction volume and user enrollment, reinforcing its role as a major financial tool for consumers and small businesses. Zelle reported 151 million enrolled user accounts, an increase of 16 million from the previous year. Transaction volume rose 25% to 3.6 billion, while the total dollar amount sent on the platform increased 27% year-over-year. The fourth quarter of 2024 was the strongest in Zelle’s history, driven by holiday gifting and rent payments. “Zelle is not just …

YouTube has announced the integration of Google DeepMind’s latest video generation model, Veo 2, into its Shorts platform, enhancing AI-powered creative tools for users. The update expands Dream Screen, YouTube’s AI-driven background generator, and introduces the ability to create standalone AI-generated video clips that can be added to Shorts. With the launch of Veo 2, users can now generate video clips from simple text prompts, filling gaps in their content or creating entirely new scenes. This new capability allows creators to add AI-generated elements directly into Shorts without needing original footage. “Need a specific scene but don’t have the right footage? Want…

The Baltimore Community Foundation (BCF), in partnership with the Greater Baltimore Committee (GBC) and three local community development organizations, has launched the Key Bridge Small Business Direct Grant Program to provide financial relief to businesses severely impacted by the Francis Scott Key Bridge collapse. Funded by BCF’s Maryland Tough Baltimore Strong Key Bridge Fund, the initiative prioritizes businesses in Southeastern Baltimore City, Southeastern Baltimore County, and Northern Anne Arundel County. The grant program, which opened for applications on February 18 and runs through March 20, offers grants ranging from $10,000 to $50,000 to stabilize operations…

Key Takeaways Rewarding Business Opportunity: Starting a laundry business meets a consistent community need, driven by busy lifestyles and the ongoing demand for clean clothing. Business Models: Entrepreneurs can choose between self-service laundromats, requiring minimal staff, and full-service laundry options, catering to clients with a comprehensive washing and drying experience. Startup Costs: Low initial investment makes it accessible for budding entrepreneurs, allowing flexibility in financing options through loans or crowdfunding. Essential Equipment: Selecting the right washing machines, dryers, and folding stations is crucial for operational efficiency and c…