If you’re looking to acquire an existing business, it’s possible to get a loan to do so. Allowable uses can vary by lender but, typically, you’ll be allowed to use loan proceeds for the initial business acquisition and to supplement cash flow for a short period following the purchase. Our guide details how to get…
How To
6 Strategies on How to Manage Projects With Competing Deadlines
Learning how to manage projects with competing deadlines can be daunting, especially if you’re working with a limited time frame, budget, or workforce. The ability to work on multiple projects simultaneously comes down to implementing the right tools and strategies. The steps include project planning, task prioritization, team communication, delegation, and progress monitoring. Continue reading…
How to Hire a Delivery Driver in 6 Steps
Hiring delivery drivers can be a tough decision, and making the wrong hire means you could end up with an unreliable and potentially dangerous person driving your company vehicle. To avoid that, it’s important to follow a structured hiring process, from determining the type of driver you need and writing and posting the job ad…
Trailing Twelve Months (TTM): What It Is & Free Calculator Template
Trailing twelve months (TTM) refers to a company’s past 12 consecutive months of performance data used in financial reporting. The TTM method is essential because it provides companies with detailed, recent financial data for internal audits, financial analysis, and corporate planning. It’s useful for evaluating revenue growth, margins, sales and expense trends, working capital management,…
How to Use Square for Retail to Run Your Business
Square for Retail is one of Square’s industry-specific point-of-sale (POS) systems. Like all Square products, Square for Retail is consistently one of our recommended choices for small businesses, topping our list of the best retail POS systems year after year. It is affordable and easy to use, comes with tons of free tools, and offers…
Disposal of Fixed Assets: How To Record the Journal Entry
Fixed assets must be removed from the balance sheet when the asset is disposed of, such as sold, exchanged, or retired from operations. The journal entry to dispose of fixed assets affects several balance sheet accounts and one income statement account for the gain or loss from disposal. Removing disposed-of fixed assets from the balance…
How to Accept Credit Cards for Your Small Business
In order to accept credit card payments, you will need a merchant account or a payment services provider that provides the technology for different payment methods. Choosing the best way to accept credit cards will depend on the type of business you have. For example: Brick-and-mortar shops should purchase and set up a point-of-sale (POS)…
How to Fill Out an I-9 Form (+ Video Guide)
Employers are required to complete an I-9 form, which confirms eligibility to work in the US, within three days after a new employee starts. The employee fills out the top section of the first page, and employers must verify and fill out the rest. Follow the instructions below for how to fill out an I-9…