Commercial general liability insurance coverage, or CGL coverage, protects businesses from financial losses due to third-party bodily injury, property damage, and personal advertising and reputational harm claims. A small business owner with a yearly revenue of around $200,000 can generally expect to pay $170 to $13,000 annually. The wide range reflects the inherent risks of…
Ultimate Guide
Independent Contractor Taxes: The Ultimate Guide
Independent contractors pay federal, state, and local taxes. At the federal level, independent contractors are subject to income tax and self-employment tax on their net earnings. Most independent contractors also pay income tax in the state where they live and work. In addition, some cities and counties assess additional business taxes, along with fees for…
FedEx Routes for Sale: The Ultimate Guide
If you want to become a business owner and are looking for the right opportunity, purchasing a FedEx route may be an option. Owning and operating a FedEx route enables thousands of independent business owners to keep the FedEx machine running smoothly. These entrepreneurs hire and train delivery personnel, purchase and maintain vehicles and other…
Workforce Planning: Definition, Key Phases & Best Practices
Workforce planning ensures you have the right people in place that meet your budgetary and skills needs. Learn the key phases of workforce planning and my recommended best practices.
What Is Workforce Planning? Workforce planning involves analyzing and forecasting the need for talent in anticipation of future business demands. It is a strategic process that aligns human resources needs with overall business goals to help you identify skills gaps and talent shortages before they become a critical issue. Rather than viewing workforce planning as…
Apartment Building Financing Options For Business Owners
Financing an apartment building can be done in several ways. Apartment loans are a type of multi-family financing that assists with the purchase or refinancing of an apartment building. These include loans that are government-backed, offered by a bank or other lending institution, or offered on a short-term basis. Each has varying terms of eligibility…
The Ultimate Small Business Guide to Ecommerce Fulfillment
Discover the best ecommerce fulfillment services and key strategies to streamline logistics, reduce costs, and boost customer satisfaction.
If you’re a growing independent online seller looking to outsource fulfillment or an entrepreneur starting a new small online shop and wanting to outsource from the get-go, this guide about ecommerce and fulfillment is for you. What Is Ecommerce Fulfillment? Ecommerce order fulfillment is the process of processing, managing, and delivering online orders to customers….
Administrative Assistant Job Description Template: How to Write One
Writing a strong administrative assistant job description is a key step in hiring the perfect candidate for your small business. It should include the role’s details, requirements, and compensation, as well as information about your company’s culture and application process. Explore the three steps below to ensure the job description you create clearly outlines your…
Tennessee Business Insurance Guide
Since joining the union in 1796, Tennessee has been known for outsized contributions, hence its nickname as the Volunteer State. So, it is not surprising that small businesses in Tennessee account for almost 100% of employment and contribute to a healthy, growing economy. Tennessee business insurance is essential to the TN economy, protecting businesses from…