Blog

All About the SSBCI for  Business Owners

All About the SSBCI for Business Owners

Fill in the blank: It takes a village to ______.Your first thought may be raising children but we'd like to suggest that it applies to your small business as well -- particularly during inflationary times. The 2020 world made it painfully obvious that going at it...

SMBs: Note These Changing Business Tax Deductions

SMBs: Note These Changing Business Tax Deductions

This year has been a rollercoaster for business owners like you. Heck, the last few years have been. After everything in 2020 and 2021, “inflation” and “supply chain shortages” have been the latest hurdles on this wild ride. That said, there does seem to be...

Andy Grengs’s C Corp Pros and Cons

Andy Grengs’s C Corp Pros and Cons

Today we're going to discuss the pros and cons of a C corp, but first we want to quickly touch on some other relevant things to you as a small business owner.Recession:The threat of one hangs in the air like a Midwest thunderstorm. But as you watch the forecast, you...

Changing Your  Business Structure – A Savings Opportunity?

Changing Your Business Structure – A Savings Opportunity?

Prepare, prepare, prepare. As a recession looms, figuring out how to prepare for economic downturns is something you should be concerned with in your business. I know I am.Now, while you and I can’t prepare for every eventuality, we can put systems and plans in place...

A Cutting Expenses How-to for  Businesses

A Cutting Expenses How-to for Businesses

As a small business owner, you’re battling on a lot of different fronts right now. You’re doing your best to keep employees happy, raise prices without driving away customers, pivot to alternative supply options as your current ones dry up, adjust for changing...

Vendor Negotiation Tips for  Business Owners

Vendor Negotiation Tips for Business Owners

Is your hustle muscle feeling strong right now? I hope so because if your business is going to make it moving forward, it’s going to have to be – at least for somebody on your business team. This inflationary environment virtually demands it (as does a likely...

The Art of Raising Prices for  Small Businesses

The Art of Raising Prices for Small Businesses

The unfortunate reality of things right now is that businesses across the board might need to raise their prices. Inflation’s increasingly pervasive effects, as well as continued supply shortages, demand that pricing models change – or at least be...

Raises and Inflation:  Business Owners, Listen Up

Raises and Inflation: Business Owners, Listen Up

Everywhere I turn there’s a business with a “Now Hiring” sign in the window. Are you seeing this too? Staffing is an issue in every industry across the country. Part of that? Making money isn’t the only reason people want a job. 2020 certainly shifted priorities....

The Word on Payment Methods for  Businesses

The Word on Payment Methods for Businesses

…payment methods!Try to come up with one thing that’s more important to your business than taking in revenue smoothly. Yeah, I couldn’t, either.And making sure that revenue is coming in becomes almost an obsession when you’re feeling the squeeze of inflation on...

Alleviating Cash Flow Management Pains for  Businesses

Alleviating Cash Flow Management Pains for Businesses

[1] Because we’re talking cash flow management today… with a recession looming on the horizon and the effects of inflation being felt so hard in everyday life, it’s difficult not to freak out over what lies ahead for your small business. But, some think...

Why Should  Businesses Care About FASB and GAAP?

Why Should Businesses Care About FASB and GAAP?

 Yes, inflation isn't slowing down, even here in .Though it's not the main thing I'll be writing about today, I did want to point out this economic elephant in the room for my business owner readers and clients, and not just speed on by and into my...