A sole proprietorship is a single-owner business that’s never formally incorporated with a state filing. Sole proprietorship pros include ease of setup and low costs, while cons include the lack of liability protection and the distinction between business and owner. Sole proprietorships minimize startup costs but won’t help you limit your personal liability. Read on…
Ultimate Guide
Revenue-based Financing: How a Revenue-based Loan Works
With revenue-based financing (RBF), your monthly loan payments vary based on the revenue earned by your business. Payments must then be made until a predetermined amount has been reached. Since payments can go up or down based on the amount of sales you make, this type of financing can be a good option for business…
Omnichannel vs Multichannel Retailing: Key Differences
Retailers are using multiple channels where shoppers can interact and purchase as the purchasing journey becomes less and less linear. Omnichannel retailing is when sales channels work together to form a cohesive customer experience (customer-first approach to building a brand). Meanwhile, multichannel retailing is when a retailer has multiple sales channels that are siloed (product-first…
How Much Does a POS System Cost?
Point-of-sale (POS) system costs vary by industry; expect to pay $0 to $400 per month for software, and $60 to over $3,000 upfront for devices, registers, and hardware kits—depending on your POS hardware preferences. This comes to a total of around $4,000–$10,000 per year, without factoring in additional costs for payment processing. That price range…
What Is Direct Mail Marketing & How It Works
A direct mail campaign is any printed marketing or advertising material sent to physical mailing addresses. It’s a highly effective, cost-effective way to reach a list or locale-based audience, and it’s easy to track your return on investment. In this article, we explore how to run a direct mail marketing campaign and the different types…
How to Do Payroll in India: Ultimate Guide
As a US-based small business, expanding your operations into international markets like India can be both exciting and challenging. One of these challenges is understanding and effectively handling the intricacies of Indian payroll. This guide aims to provide you with an in-depth understanding of the process, ensuring accurate and timely payment for your employees abroad….
Landscaping Insurance Cost & Coverage for Your Business
Landscaping insurance refers to a policy, or combination of policies, that protects your business assets against claims that your business was negligent and caused harm. Landscapers need coverage for third-party claims, employee injuries, and business property damaged by theft or vandalism. The most common lawn care business insurance policy is general liability, which can cost…
Equipment Leasing: A Guide for Small Business Owners
Equipment leasing allows your company to obtain business equipment without the need to purchase it. Leasing carries many benefits, such as allowing you to upgrade or switch the equipment once the initial lease term expires. Lease payments tend to have lower payments and can be structured in several ways to suit your cash flow and…