Companies hire contractors for all sorts of reasons. Sometimes, they have short-term projects or part-time work that doesn’t warrant hiring a new employee. They should take care to only work with qualified contractors that fit their budget. The recruiting process is similar to that of hiring employees, except that it’s not as regulated. If you’re…
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Units of Production Depreciation: How to Calculate & Formula
Units of production depreciation is a depreciation method that allows businesses to determine the value of an asset based upon usage. Common in manufacturing, it’s calculated by dividing the equipment’s net cost by its expected lifetime production. Multiplying this rate by the asset’s output for the year gives you the depreciation expense. You cannot use…
Bandit Signs: Definition, Cost, Providers & Tips
Bandit signs are advertisements that encourage homeowners to sell their home to an investor. To attract homeowners, investors place signs with messaging like “Sell Your House for Cash” and a phone number in yards or community areas. These signs are used primarily to help investors acquire new property quickly and cheaply. How Bandit Signs Work…
How to Become a Home Inspector in 8 Steps
A home inspector conducts a thorough visual inspection of a home prior to purchase. With an average annual income of over $50,000, a home inspector salary can offer a solid living on a flexible schedule. To become a home inspector, find out the requirements for your state, complete your coursework, and take your exam. 1….
How to Write a Cold Email & Best Practices
A cold email is an unsolicited message you send to someone you don’t know. It is used as a tool to reach out to prospects and bring them into your sales process. Writing an effective cold email means creating a personal connection, briefly stating your purpose, and moving your reader to take a specific action….
How to Enter a Credit Card Refund in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we will cover how to enter a credit card refund in QuickBooks Online. We’re glad you’re taking the time to learn QuickBooks Online, our best overall pick for small business accounting software. We encourage you to follow along in your own QBO…
How to Manage Downloaded Credit Card Transactions in QuickBooks Online
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we’re going to cover how to manage downloaded credit card transactions in QuickBooks Online. We’re glad you’re taking the time to learn QuickBooks Online, our best overall pick for small business accounting software. We encourage you to follow along in your own…
How to Create a Customer Persona in 6 Steps (+ Free Template)
A customer persona is a fictionalized representation of a specific type of customer you are trying to reach and is used by businesses to guide marketing decisions and sales activities. Creating a customer persona involves researching and defining your ideal customer types, and then crafting a fictional persona based on your target marketing audience. One…
How to Create a Sales Pitch in 7 Steps
A sales pitch is a short, interactive conversation that gets your prospect interested in buying what you’re selling, whether it’s an appointment or your product. It should be engaging and relevant, which is why your first step is creating a buyer persona. Your sales pitch can happen while prospecting or by phone via cold calling….
How to Make a One-page Website in 5 Steps [+ Examples]
A one-page website provides all of the standard information of a website on a single webpage. They’re best for those looking to showcase business information quickly and concisely in an easily navigable format. To build your own, register for web hosting, pick a domain name, choose and customize a one-page theme, and publish your site….
How to Enter Bank Transactions in QuickBooks Online Manually
Welcome to the Fit Small Business QuickBooks Online training course. In this lesson, we’re going to cover how to enter bank transactions in QuickBooks Online manually. This tutorial is for small business owners whose financial institutions don’t integrate with QuickBooks Online. We’re glad you’re taking the time to learn QuickBooks Online, our best overall pick…
How to Calculate Bonuses for Employees
The way you choose how to calculate bonuses for employees can affect company morale. Performance bonuses encourage personnel to work toward achieving individual and company goals, and nonperformance bonuses can make everyone feel appreciated. You can multiply an employee’s total sales earned by a fixed bonus percentage or pay a flat rate to everyone. is…