Private labeling is when a manufacturer produces goods or products for another company to sell under its own brand name. It could be a viable option if you want to start a retail business but have no idea about the product development process—all you need is a product idea, and you can find a manufacturer…
Ultimate Guide
Pre-tax & Post-tax Deductions: An Ultimate Guide
Understanding pre-tax and post-tax deductions is a crucial part of running a small business. Deductions play a crucial role in both employee benefits and garnishments, impacting net pay for your employees. Pre-tax deductions are those deductions subtracted from an employee’s pay before taxes are withheld (including health plan and life insurance contributions). Post-tax deductions refer…
Home-based Business Insurance: Cost, Coverage & Providers
Business owners working from home need home-based business insurance for losses arising from third-party liability and property damage. General liability and commercial property are the two most common types of home-based business insurance policies. The typical cost for both policies can range from $950 to $1,900 annually. Next Insurance specializes in business insurance for home-based…
Employee Mileage Reimbursement Guide (+ Calculator)
Employee mileage reimbursement is when a business pays a certain amount to cover the expenses (cost of gas, oil changes, and other maintenance) of an employee using their personal vehicle for work-related purposes. As such, employers recognize the importance of compensating employees for the time and resources spent traveling for work-related purposes. The IRS has…
Tennessee Real Estate License Guide & Best Tennessee Online Schools
Online real estate schools in Tennessee provide flexible and convenient learning for aspiring and experienced real estate agents to complete prelicensing, post-licensing, exam prep, and continuing education. The most high-quality schools in Tennessee provide a variety of learning formats to get your Tennessee real estate license, access to extensive course offerings, and personalized coaching to…
Ecommerce Payment Processing: Guide for Small Businesses
To securely accept online payments from your customers, you need a payment solution for ecommerce that ensures smooth and safe transactions. Ecommerce payment processors facilitate online transactions by securely transmitting payment information between the customer, the merchant (you/your store), and financial institutions. When choosing an ecommerce payment processor, consider factors such as fees, integration capabilities,…
Everything You Need to Know About TV Advertising Costs
If you’ve ever wondered how much a 30-second commercial costs, the short answer is anywhere between $5 for a small local TV spot and $7 million for a nationwide Super Bowl ad. That’s a remarkable range, because TV advertising costs vary depending on factors like time, platform, audience, length, and location. But if you want…
The Lipstick Effect: Small Luxuries Shaping Economic Trends
Are you familiar with the consumer tendency to indulge in small, affordable luxuries during economic downturns? This trend is called the lipstick effect. For small business owners, understanding this phenomenon can unlock new opportunities for attracting and retaining customers, even when times are tough. This guide will show you how to leverage the lipstick effect…