All Ultimate Guide Articles

What the COVID-19 Stimulus Package Means for Small Businesses

By Tricia Tetreault on March 27, 2020 | Ultimate Guide | Comments (0)

The United States Congress has passed several measures in response to the COVID-19 pandemic designed to help small businesses, including tax rebates, tax filing extensions, business loans, emergency relief, and modified tax treatment. Perhaps the most significant benefit, the paycheck protection loan—also known as the coronavirus loan—can convert into a grant for small business owners…

Florida Workers’ Compensation Insurance: Top Providers, Rules & More

By Virginia Hamill on March 27, 2020 | Business Insurance, Insurance, Ultimate Guide | Comments (0)

Florida workers’ compensation insurance laws mandate business owners in most industries carry coverage when they have four or more employees. In construction, however, employers must have workers’ comp even if they have only one employee. According to the most recent data, Florida employers pay $1.43 per $100 of payroll annually for workers’ compensation. If you’re…

How Does Credit Card Interest Work?

By Benilyn Formoso - Suralta on March 27, 2020 | Credit Cards, Financing, Ultimate Guide | Comments (0)

Credit card issuers charge interest if you don’t pay your bill in full each month. It’s typically stated as a yearly rate known as the annual percentage rate (APR). To calculate your interest, divide your APR by 365 (days) to get the daily rate, then multiply your current balance by that rate. How Credit Card…

Payroll Tax vs Income Tax: Are They Different?

By Charlette Beasley on March 27, 2020 | Human Resources, Ultimate Guide | Comments (0)

The terms payroll tax vs income tax are sometimes erroneously used interchangeably. The payroll tax consists of the employee- and employer-paid Social Security and Medicare taxes; they’re used to fund your employees’ needs during retirement. Income tax is money employees may owe to a federal, state, or local agency based on their total earnings, dependents,…

Unique Selling Proposition: Definition, Examples & Benefits

By Jessica Pingrey on March 27, 2020 | Sales, Sales Management, Ultimate Guide | Comments (0)

A unique selling proposition (USP) is the reason your product or service is different from the competition and answers the customer’s question, “Why should I buy your product instead of someone else’s?” Creating one for your business means identifying the factors that set you apart and crafting a message that ties them to your customer’s…

The Complete Guide to Sales Management

By Jessica Pingrey on March 26, 2020 | Sales, Sales Management, Ultimate Guide | Comments (1)

Sales management is the process of developing and training a sales team to maximize sales performance. This includes implementing sales operations that drive your business forward, developing sales techniques, using the right software and tools, and measuring sales performance. About the Writer Jess Pingrey is a sales expert and staff writer with Fit Small Business….

How to Generate Leads Without Cold Calling: 9 Alternative Methods

By Lisa McGreevy on March 24, 2020 | Sales, Sales Process, Ultimate Guide | Comments (0)

Cold calling, or phoning a prospect with whom you’ve had no prior contact, is a common technique for developing new sales leads. However, it is not the only effective way to fill sales funnels. These nine tips on how to generate leads without cold calling are perfect alternatives for sales agents and business owners alike….

Sales Performance Management: Get the Most Out of Your Team

By Jessica Pingrey on March 24, 2020 | Sales, Sales Management, Ultimate Guide | Comments (0)

Sales performance management (SPM) is how businesses use data and insights to help evaluate the performance of their sales team, plan quotas, map sales territories, and map out future sales strategies. Intentional SPM efforts help drive robust performance of sales team members, plan team goals, and foster excellent sales performance. An excellent way to measure…

What Is a Foreign Transaction Fee & How Does It Work?

By Benilyn Formoso - Suralta on March 20, 2020 | Business Credit Cards, Credit Cards, Ultimate Guide | Comments (0)

A foreign transaction fee, also known as an FX fee, is a charge made by the credit card issuer when you use a credit card to make a purchase while traveling overseas or online in foreign currencies. Banks may also charge an FX fee when a credit card transaction passes through an international bank even…

What Is Cash Back & How Does It Work?

By Benilyn Formoso - Suralta on March 20, 2020 | Credit Cards, Financing, Ultimate Guide | Comments (0)

Cash back is an incentive credit card issuers typically offer that refunds a small percentage of a cardholder’s purchases. You can apply your cash-back rewards to your credit card bill or redeem them as a check, bank deposit, for merchandise, or for store gift cards. Cash-back rewards usually range between 1% and 6%. What Is…

SBA Disaster Loans: Interest Rates, Qualifications & How to Apply

By Tricia Tetreault on March 18, 2020 | Business Loans, Financing, Ultimate Guide | Comments (2)

Small Business Administration (SBA) disaster loans provide businesses with affordable financing for disaster recovery. Businesses, nonprofit organizations, homeowners, and renters are eligible for funding with repayment terms up to 30 years and interest rates starting at 1.75%. Applicants can receive initial funding five days after signing loan closing documents. If you want to apply for…