Auto repair shops, dealerships, tow truck drivers, and service stations need garage liability insurance. This policy carries similar coverage to general liability—with provisions for third-party bodily injury and property damage from garage operations and vehicles in the business’ care, custody, or control. The annual garage insurance cost typically ranges from $1,150 to $2,300. Providers like…
Ultimate Guide
Financing a Franchise: 7 Best Loan Options
Franchise financing allows you to fund the purchase of a franchise or provide working capital for day-to-day expenses. Rates and terms of different types of financing will vary widely depending on the amount of money borrowed, the length of the financing, and the risk to the lender the financing presents. There are many different ways…
How to Import From China in 6 Steps: Complete Guide
Importing products from China—commonly called “the factory of the world” due to its enormous manufacturing infrastructure, skilled population, and wealth of industry experience—can boost your store’s profitability by increasing your margins and making customized products more accessible. This guide gives all of the information you need to get started importing from China—finding products, choosing and…
Ultimate Guide to Yelp for Business Owners
is one of the largest user-generated review sites. Consumers use Yelp to find local businesses across various categories, such as restaurants, bars, shopping, entertainment, electricians, plumbers, contractors—and just about any other local service. To use Yelp for business effectively, build your free profile, respond to all reviews and inquiries, and use enhanced features and ads…
The Ultimate Guide to Customer Service for Small Business
Customer service is the assistance you provide customers through their entire purchasing journey. This should be a part of every business strategy because satisfied customers translate to more sales, repeat purchases, and referrals. Here, we explore the importance of customer service, its difference from customer support, and the members and qualities of a good service…
How To Do Payroll in the Philippines: Ultimate Guide
Handling payroll in the Philippines is a bit different from doing payroll in the US. For instance, one big difference is that every US employee has a Social Security number, which is used to track the employee’s wages and tax requirements; meanwhile, in the Philippines, each employee has a tax identification number (TIN), which must…
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 $862 to $1,725 annually. How Home-Based Business Insurance Works Most homeowner policies…
Pre-tax Deductions & Post-tax Deductions: An Ultimate Guide
As a small business owner or payroll professional, you need to be aware of payroll tax deductions, including both pre- and post-tax deductions. As the names suggest: 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 to deductions taken from…