An earnings withholding order is a court-issued wage garnishment requiring employers to withhold and remit money from an employee’s paycheck to pay a creditor for an unpaid debt. Some examples of such debt are past-due student loans, unpaid taxes, and other delinquent bills. (But what about spousal or child support? That’s technically an income withholding…
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Venture Capital: What It Is & How It Works
Venture capital is a type of private equity designed to help startups with long-term growth potential scale. In this type of arrangement, groups of investors pool money to fund a startup in exchange for equity. Typically, venture capitalist firms also shape the strategies of the companies, provide expertise, and make introductions. Firms usually offer anywhere…
What Is Dynamic Pricing? Types, Examples & Benefits
Are you looking to maximize profits? When used appropriately, dynamic pricing can help. If executed poorly, it can harm the customer experience and your brand name.
Dynamic pricing is a pricing strategy where prices fluctuate based on certain market factors, like demand, customers, or competition. The idea is that these price fluctuations maximize profits by capitalizing on changing market conditions. Unlike fixed pricing, which you see at grocery stores and boutiques and will adjust over time, dynamic pricing is much more…
What Is Mobile Recruiting? Definition, Tips & Benefits
Mobile recruiting is the process of reaching out to job seekers and taking them through the application process via their mobile devices. It seems simple, but to do this well takes more than just a mobile-friendly website. The best mobile recruiting functions fully utilize mobile technology, enabling a smooth process and quick and easy communication…
IRS Form 1099 Reporting for Small Businesses
IRS Form 1099 is a series of forms used to report certain types of income that don’t come from a direct employer in the form of wages, salaries, tips, etc. Form 1099-NEC (nonemployee compensation) is the most common version, frequently used by small business owners. If businesses pay $600 or more in compensation throughout the…
19 Website Basics Every Site Needs (+ Free Website Checklist)
To set your site up for success, we put together a checklist of website basics foundational for building an effective website. Download our free website checklist and use it to ensure you have all the essentials covered. In this article, we cover key website basics such as picking the best website platform, key lead generation…
What Is Gamification in Retail & How to Use It
Gamification is the use of gaming elements and mechanics within sales and marketing to boost customer engagement and create buying incentive. Within retail, gamification can be used to attract new customers, strengthen relationships with existing customers, enhance the shopping experience, and increase overall conversion rates and sales. Retailers can use gamification in-store (with tools such…
Real Estate Broker Salary: Average Income for Every State
Real estate agents and brokers generally operate in a commission-only capacity, and the average real estate broker’s salary fluctuates based on location, market dynamics, and personal business development efforts. In addition to focusing on income opportunities, real estate brokers must consider various expenses that brokers incur that will affect their business revenue. In our analysis…