Posts

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

2020-05-26

Minyang Jiang

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. What are Overhead Costs? Overhead costs represent business expenses that are not directly related to making a product […]

Payment Acceptance Tips for Small Businesses

4 Questions to Ask Before Purchasing a Payment Processor

2019-07-30

Minyang Jiang

If you’re in the market for a new payment processor, you might be overwhelmed with the number of choices available. Perhaps you are unsure of what properties to look for, or how to best incorporate your choice into your business’s needs. It’s true that there are several providers out there with payment processors available, but […]

roofing business loan options

How to Improve Profit Margins in the Construction Business

2019-07-10

Minyang Jiang

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. […]

calculations

What You Need to Create Your First Business Budget

2017-09-29

Minyang Jiang

Whether you’re a brand-new startup or an established company, a business budget is critical to your success. Use these tips and tools to get yours in shape.

owner-payroll

How to Determine Your Salary as a Small Business Owner

2017-02-11

Minyang Jiang

As a small business owner, one of your biggest concerns may be how to pay yourself a salary. Here how to figure it out, in two easy steps.

north-carolina

The Top 3 Affordable Cities for Millennial Entrepreneurs

2016-02-24

Minyang Jiang

Being savvy about where you live can help your business thrive. These affordable cities have low costs of living and many opportunities for entrepreneurs.

cash-flow

What is Cash Flow?

2016-02-12

Minyang Jiang

Do you understand the difference between working capital and cash flow? Here's what each term means and how they affect your financial responsibility.

guy-on-computer

How to Write Off 100% of Your Latte Every Single Time

2016-02-10

Minyang Jiang

If you have a business and you eat, you’re probably eligible for tax deductions. Here are four ways your meals — and your coffee — might be tax deductible.

cutting-costs

Understanding Prime Cost — The Simplest Way to Give Yourself a Raise

2016-01-04

Minyang Jiang

Prime cost is simply the addition of your two key controllable costs, labor and cost of goods. Ideally, you want to keep these costs around…

money-umbrella

Boost Your Cash Flow With These 9 Money-Saving Tips

2015-10-22

Minyang Jiang

It only takes a few small changes to make a big difference in your financial picture. Here are some simple ways to ramp up your cash flow.