A payroll budget is a financial plan that outlines the amount your company expects to spend on its employees’ wages, salaries, and related expenses. This includes regular pay, overtime, bonuses, benefits, taxes, and any other compensation-related costs. It’s crucial for managing cash flow, ensuring employees are paid fairly and on time, and planning future business…
How To
How to Create a Project Timeline in 7 Steps + Free Template
A project timeline is a visual guide of the tasks and activities involved in a project—arranged in chronological order, from start to finish. The process of how to create a project timeline starts with drafting a project brief and defining the project scope. Next, identify the project milestones, list the individual tasks, and estimate the…
How to Get Reviews on Amazon: 10 Small Business Strategies
Selling on Amazon is a great way to tap into an existing audience—as the world’s largest online marketplace, it has over 310 million active users worldwide. However, to be competitive, businesses selling on Amazon need to go beyond simply finding a product and publishing it for sale. To really move the needle, you need great…
8 Top Tips for Food Truck Marketing
The food truck industry continues to grow—according to the latest food truck industry statistics, the number of food trucks has increased by nearly 10% from 2022 to 2023. Successful food trucks have the potential to generate over $500,000 in annual revenue, with startup costs as low as $40,000. It’s still a great time to start…
How To Get a Loan to Buy a Business in 7 Steps
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…
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,…