The Importance of Good (But Not Necessarily Positive) Feedback

Building your small business doesn’t just require a lot of hard work and dedication – in most cases, for a small business to scale beyond a certain point, it requires assembling a team or staff that are vested in the success of your enterprise. And the only way to keep a good team operating smoothly […]

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How Much is Too Much to Pay for Unemployment Insurance?

Every year, Illinois collects an excess of $5,500,000 worth of unemployment insurance from companies over what they should. That excess would likely not be paid if these companies were better prepared and more diligent when contesting fraudulent or spurious unemployment benefit claims. As a result, if the benefits were paid, it also means the unemployment tax […]

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Is Cloud Accounting for You?

Cloud accounting software is similar to traditional, desktop based solutions, with the difference being that it is hosted on remote servers. Data is sent into the “cloud” where it is processed and stored. The benefits to the end user include access to real time data from anywhere with an Internet connection, and from any device–including laptops, smartphones, and […]

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How to Deal with Late Paying Customers

Most small business owners will have to deal with slow-paying customers at some point. It is not only awkward and annoying, but it can also cause a serious cash flow problem if too many customers miss their deadlines. Below are some tips and tricks to encourage faster payment from your more sluggish clients. Send Online […]

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5 Tips for Creating a Convincing Forecast for the Bank

As a small business owner, it is often difficult to obtain the loans you need. Here are 5 ways to increase your chances of securing business loans to run your company successfully. Create Contacts Build relationships with individuals who work for local banks. Keeping them up-to-date on the status of your business will facilitate trust […]

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