Leasing or renting property to your own business is an innovative way to create a business deduction while retaining and building real estate equity. When you own the building, you can manage the equity and take advantage of depreciation deductions on your personal tax return. If you lease or rent property to your partnership, S…
Ultimate Guide
What Is Direct Mail Marketing & How It Works (+ Examples)
A direct mail campaign is any printed marketing or advertising material sent to physical mailing addresses. It’s a highly effective, cost-efficient way to reach a list or locale-based audience, and it’s easy to track your return on investment (ROI). In this article, we explore how to run a direct mail marketing campaign and the different…
How to Set Up Square: A Square POS Tutorial
Square is a free point-of-sale (POS) app that uses a credit card reader and your phone or tablet to process payments. It offers an all-purpose POS alongside several industry-specific software and hardware options with advanced features like inventory management, customer directories, and sales reports. Setting up a Square account is quick and easy, even for…
Garage Liability Insurance: Cost, Coverage & Providers
General liability insurance does not provide enough coverage for businesses like auto repair shops, dealerships, tow truck drivers, and service stations—these businesses need garage liability insurance. While garage insurance is similar to general liability, it comes with provisions for third-party bodily injury and property damage from garage operations and vehicles in the business’ care, custody,…
Builder’s Risk Insurance: What It Is, Coverage & Cost
Builder’s risk insurance is a specialized commercial property insurance available as a stand-alone policy or as an endorsement. It covers damage to a building project or a renovation during construction and ends when the project is completed. Policies usually cover named perils like fire, theft, and weather events. Builder’s risk insurance costs will usually run…
The Ultimate Guide to AI in CRM: Types, Benefits, Use Cases & Examples
Artificial intelligence (AI) is used in numerous ways by many different professionals. While next-gen AI systems are, for the most part, still in their infancy stages, they are increasingly making their way into many different industries, fields, and professions—including customer relationship management (CRM). Here, we explore the different uses of AI in CRM, the key…
Mentorship Programs in the Workplace: A Small Business Guide
Mentorship programs in the workplace are strategic frameworks designed to facilitate knowledge sharing, skill development, and professional growth among employees. These programs pair less experienced staff, often referred to as mentees, with more seasoned professionals, known as mentors, within an organization. The objective is straightforward: to cultivate a supportive learning environment that accelerates individual and…
Ultimate Guide to Making Collection Calls (Script + Tips)
Collection letters, emails, and phone calls should all work together in a strategic way to maximize the chances of recovering a debt. Collection calls—which come after an initial email that acts as a gentle reminder and provides a paper trail—allow for a more personal touch and a chance to gather information on why the payment…