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1099 Contract Worker vs. W2 Employee: What’s the Difference?

Once your business begins to grow, you may be faced with the decision to hire part-time, full-time, or contract-based workers. Historically, businesses have been able to take advantage of many great and cost-saving benefits when using contract workers. However, the previous definition of contractual laborers no longer applies to some of your workers, and Credibly […]

Overhead Costs: What is “Overhead” and How to Reduce Overhead Costs

Updated May 26, 2020 Overhead, otherwise known as overhead costs, refers to the ongoing expenses associated with operating a business. Understanding your overhead costs and keeping them under control is essential to success as a business owner. Learn how with Credibly. What are Overhead Costs? Overhead costs represent business expenses that are not directly related […]

Profit Margin

Table of Contents What Is Profit Margin? Profit margin is one of the most commonly used profitability ratios, which is a basic measure of how much money a business, service, or product makes. Expressed as a percentage, profit margin is essentially how much money a company makes per transaction. In general, the higher the profit […]

How to Improve Profit Margins in the Construction Business

Owning and operating a construction firm requires a deep understanding of money management. After all, earning enough money to sustain your growing company isn’t as simple as stacking one brick on top of another. It’s all too easy to fall behind and fight to meet deadlines and the client expectations as costs continue to increase. […]

Employee Handbook: 5 Reasons Why Every Small Business Needs One

In the corporate world, employee handbooks are pretty ubiquitous. Nearly everyone who starts a position at a large company is given a booklet, packet, or online manual to peruse on their first day at the office. However, when it comes to small businesses, employee handbooks may be completely absent — job parameters and company policies […]

How Becoming a Great Public Speaker Helps You Achieve Your Business Goals

When it comes to public speaking, your small business might seem like a safe zone. You feel very comfortable in the presence of your team, and whenever you have important news to share with your customers, you do it through email newsletters and other content marketing efforts. There’s no need to stand up in front […]