Cannabis insurance is a policy or a combination of policies that protects marijuana businesses against their associated risks from liability or damage to their property. Dispensaries, cultivators, and testing labs need different levels of coverage—but all need at least a general liability policy and depending on the state, workers’ compensation. Cannabis insurance costs are higher…
Ultimate Guide
PCI Non-compliance Fee: What It Is & How To Avoid It
A PCI non-compliance fee may be charged by merchant services providers or payment processors when a business does not meet minimum security standards when processing card payments. Fees range from $20 every month up to $5,000 or more, depending on the details of non-compliance and security breach, if any. These security standards—known collectively as the…
16 Venture Capital Advantages and Disadvantages
Before you pursue venture capital funding, it’s a good idea to consider all possible benefits and drawbacks. Venture capital advantages and disadvantages include: Advantages of Venture Capital Obtaining venture capital has a number of advantages. For fast-growing startups wanting to scale quickly, it might be the only viable option. Besides money, venture capital firms also…
User-generated Content for Ecommerce: Ultimate Guide
For many small business owners, content creation is a struggle. It requires a lot of time and resources, and it’s hard to know if it will impact your bottom line until after you execute the idea. User-generated content (UGC)—essentially asking your customers to make content for you—is one way to make content creation a bit…
7 Best Trucking Business Loans
The best trucking business loans should offer competitive rates, excellent customer service, and repayment terms of at least five years. Many of the best lenders will also have easy qualification requirements when it comes to things like credit score, time in business, annual revenue, and required down payment amounts. Here are our picks for the…
Virtual Fitting Room: Retailers’ Guide (With Examples)
Virtual fitting rooms—which leverage technology that lets shoppers see what they look like in clothes and other products without physically trying them on—have made steady progress since their debut in the mid-2000s. Demand accelerated during the COVID-19 pandemic, and many third-party platforms have now made the technology accessible to online and brick-and-mortar retailers of all…
Self-storage Financing: What It Is & How It Works
As a small business owner, you can use self-storage financing to purchase, build, or conduct improvements to self-storage units. Common sources for self-storage financing include loans from traditional banks, online lenders, loan brokers, hard money loans, and Small Business Administration (SBA) loans through the 7(a) and 504 loan programs. Getting self-storage financing usually involves an…
Set Up Your Cash Wrap to Drive Sales in 5 Steps
Cash wraps, also known as cash wells and checkout counters, are the areas in stores housing point-of-sale (POS) systems or cash registers where customers pay for their merchandise. A well-designed cash wrap can significantly impact your retail success and drive your business by increasing customer and employee satisfaction, driving sales, and building your brand. No…