Pay-as-you-go workers’ compensation is an insurance payment plan that bases your premium on your actual payroll. This is different from traditional plans that use projections to determine your costs and can result in an extra bill at the end of the policy. Choosing pay-as-you-go workers’ comp minimizes this risk and allows you to spread premium…
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What Is an SBA 8(a) Certification?
The Small Business Administration (SBA) offers qualifying small businesses the opportunity to apply for SBA 8(a) certification. This certification allows small businesses to contract with the federal government more easily for sole-source contracts to supply goods and services. While the SBA is most often referenced with regard to SBA loans, the agency provides other forms…
13 Sales Metrics to Track to Improve Performance
Sales metrics are measurements of activities and performance within the sales process, and specifically what actions are taking place in your sales pipeline. They give businesses insight into how well their salespeople are performing and reveal top performers and opportunities for improvement. We’ve identified 13 sales metrics you can use to optimize sales performance. The…
POS Reconciliation: What It Is & How It’s Done
POS reconciliation is the process of manually checking your POS sales records against your cash on hand and credit card processing statements to ensure there are no discrepancies. POS reconciliation can be done anytime, but more frequent audits ensure any disparities are identified and fixed right away. For most businesses, the best practice is often…
What Is the Best Time to Publish a Blog Post?
The best time to publish a blog post varies by many factors, including blogging niche, audience, publishing goals, and the methods used to promote the post. According to Kissmetrics, the average blog gets the most views on Mondays, and traffic generally spikes around 11 a.m. In truth, though, the best time to publish is a…
Current SBA Loan Rates May 2020
The affordability of Small Business Administration (SBA) loan rates attracts many businesses that may not otherwise be able to obtain affordable financing. Whether you are considering an SBA 7(a) loan, Express loan, microloan, or Community Development Company (CDC)/504 loan, the SBA loan rates you receive will likely be more affordable than most other financing options….
What Is Cornerstone Content & How to Create It
Cornerstone content consists of those few core articles that best represent your blog and tell readers what your blog is all about. It’s embarrassing to admit, but I never considered cornerstone content as a big deal when I first started out as a blogger. Once I began to understand that search engines factor the quality…
Factoring Discount Rate: What Is It & How It Works
The discount rate in a factoring transaction is the fee a factoring company charges to provide the factoring service. It is a percentage of the value of the invoice that a factoring company will charge to process its receivables. A standard discount rate is 1.5% to 2.5% of the invoice value per 30 days. How…
Rehab Loans for Investors: FHA 203(k) Loans, Hard Money & More
Rehab loans help real estate investors fund the purchase and renovation of residential properties. Short-term investors use them to fix-and-flip properties as well as long-term investors who need renovation financing for rental properties. A rehab loan combines property purchase and rehab costs into a single short-term loan with quick funding and interest-only payments. 3 Types…
Workers’ Compensation Costs By State
The United States Bureau of Labor Statistics says the average employer pays 45 cents per hour worked for workers’ compensation. However, the coverage is regulated differently across the US, and that causes variations in workers’ compensation insurance costs by state. Rates can be as low as 7 cents per $100 of payroll or exceed $80…
What Is a Workers’ Compensation State Fund?
Workers’ compensation state funds are organizations created by state legislatures that provide employers with workers’ compensation insurance. When state governments made workers’ comp mandatory, they had to make sure employers could purchase policies. For 21 states, workers’ compensation state funds are the answer to ensuring all employers have the required coverage. Types of State Funds…
Best Wix Alternatives in 2020
Wix is a well-known and highly regarded website builder, though that doesn’t mean it the only good site builder out there. On the contrary, there are dozens of great site builders that make it easy to build a business website, so to help make your decision easy, we’ve narrowed it down to the five best…