Payroll can be confusing for everyone, especially for small business owners who are new to it. It’s important that you understand these terms and acronyms to be confident that you’re processing payroll for your employees accurately. Understanding these terms can help make the payroll process far less stressful and can also help you avoid making…
Listicle
16 Ecommerce KPIs to Track for Growth in 2024
Ecommerce key performance indicators (KPIs) are quantitative measurements that help you track progress towards your business goals by providing data based on set conditions. Monitoring these KPIs can help you make strategic and well-informed business decisions. Treat KPIs for ecommerce as markers of your business success. It’s critical to track the right ecommerce KPIs to…
63 Real Estate Jokes to Make Agents, Investors & Clients LOL
Let’s face it: The real estate industry can be tough. There are so many constantly changing high points and low points for you and your clients that can be draining. Before responding negatively—like running away from your career or letting your clients give up—take a few minutes to breathe, grab your favorite cappuccino, and read…
8 Direct-to-Consumer (DTC) Ecommerce Trends in 2024
Direct-to-consumer (DTC or D2C) ecommerce involves businesses producing and selling products directly to their end consumers. DTC exploded on the scene with brands like Everlane, Dollar Shave Club, and Allbirds shaking up the traditional retail model—and while these are large brands, selling DTC is shaping up to be a trend small businesses can’t afford to…
Best Side Hustle Ideas for 2024
Side hustles are part-time jobs or businesses that you do in addition to your regular job. Nearly half of all Americans work a side hustle, with 30% saying they need the money simply to cover basic costs of living, according to a 2023 survey by Self1. Nonetheless, not all side hustles are about earning a…
Restaurant Business Model: How Restaurants Make Money
It may seem obvious that the restaurant business model works on the basic idea that serving food equals earning profit. However, the restaurant industry hosts diverse business types—from full-service restaurants to bars and food trucks—so many different restaurant business models exist. In this article, I break down the types of restaurant business models across the…
4 Types of Customer-facing Applications for Small Businesses
Customer-facing applications, sometimes known as user-facing applications, provide a frontend user interface (UI) that gives consumers an efficient, reliable, and secure means of interacting with your company’s backend software. In some cases, your backend technology might comprise a basic web server or two. Other times, it might encompass dozens of servers with various databases, data…
Restaurant Profit Margin: Expert Tips to Track & Increase
A restaurant profit margin is the amount of money you make as a business, expressed as a percentage of your annual sales. The average restaurant margin percentage for most restaurants ranges from 3%-5%, depending on your business type. For financial health and overall success, improving profit margins should be top of mind for every restaurant…