A strengths, weaknesses, opportunities, and threats (SWOT) analysis can be used in multiple scenarios, from helping an aspiring business owner evaluate the feasibility of launching a new business idea to arming an existing business owner with the insight needed to make solid decisions around areas in which the business is doing well or not so…
How To
How to Use Mailchimp in 6 Easy Steps [+ Video Tutorials]
Learning how to use Mailchimp to create and deploy email marketing and sales campaigns is easy. Simply sign up for a free account, build an audience, then design and send your email marketing campaign. After you hit send, analyze performance data to make future email marketing campaigns more effective. Check out our Mailchimp video tutorials…
4 Ways to Print Payroll Checks Online for Free
Finding ways to print payroll checks online for free is a good option if you have employees who prefer checks over direct deposits. All you need is a printer, check stock, and magnetic ink, and you can usually print within minutes. However, free services are generally limited—some only allow one check per day and don’t…
6 Steps to Conflict Resolution in the Workplace
Conflict in the workplace arises for various reasons, such as differences in opinions, communication breakdowns, power struggles, or competition for resources. If left unresolved, it can harm the organization, resulting in reduced productivity, low morale, increased absenteeism and turnover, and reputational damage. Hence, effective conflict resolution in the workplace (i.e., gathering information, exploring solutions, and…
How to Calculate Net Realizable Value of Accounts Receivable
We’ll cover how to calculate Accounts Receivable (A/R) Net Realizable Value (NRV), which is the estimated amount of cash a company expects to collect from its outstanding customer invoices after accounting for potential bad debts or uncollectible amounts. To get your A/R NRV, calculate the gross A/R and then subtract the Allowance for Doubtful Accounts…
How Do Nonprofits Pay Employees? A Quick Guide
Nonprofits can pay their staff—IRS guidelines permit compensation for employees, including founders and executives, as long as it is reasonable. Salaries should be comparable to similar roles within the sector to avoid penalties for excessive compensation. These organizations face unique challenges in funding and payroll management, making it essential to know exactly how nonprofits pay…
How to Improve Employee Productivity: 5 Proven Tips
Productivity is a measure of how much work is done in a given amount of time. In the workplace, productivity is essential for businesses to be successful. Yet, many factors hinder employees from performing at their best—from ineffective workplace environments to disengagement. By implementing strategies to cultivate a culture of productivity and engagement, businesses can…
How to Use HubSpot CRM for Your Small Business in 6 Steps
HubSpot CRM is one of the most popular and easy-to-use customer relationship management (CRM) systems for general use on the market. Sales teams use this CRM to store and manage all types of information, like contacts and deals. The first step to using HubSpot CRM is understanding how to organize and import your CRM data….