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What is

What Is Social Entrepreneurship? Ultimate SMB Guide

Social entrepreneurship prioritizes social impact alongside profit. By addressing societal needs, this approach connects business success to doing social good.

By Katie-Jay Simmons February 19, 2024 | Starting a Business, What is

Young creative business people meeting at office.

Social entrepreneurship is a business approach focused on addressing social, cultural, or environmental issues. At the heart of social entrepreneurship are individuals who harness their entrepreneurial skills and resources to seek out lasting solutions to challenges often overlooked by conventional markets, working within a variety of organizational frameworks to achieve their goals. Integrating social missions…

Contract vs Direct Hire vs Contract-to-Hire: Which Option Is Right for Your Small Business

By Jennifer Soper February 19, 2024 | Human Resources, What is

business people handshake after partnership contract signing

The decision between contract vs direct hire can be a significant factor in shaping the future of your company. Each brings distinct advantages and considerations. Whether you value stability, autonomy, or variety, understanding these employment arrangements can help you make an informed decision. Below we have compared each type of worker, the pros and cons…

What Is Biometric Payment & How Does It Work?

By Andrea Herrera February 19, 2024 | Retail, What is

Black lady paying online using biometrics.

Biometric payment involves using unique physical or behavioral attributes, like fingerprints or facial recognition, to authenticate transactions securely. There has been increased adoption of biometric payment in recent years because it is generally considered more secure than password- or PIN-based systems. Biometric payment may be used for in-person and online transactions. According to a recent…

New Hires Getting Paid More Than Existing Employees—Why It Happens & What to Do

By Jennifer Soper February 16, 2024 | Human Resources, What is

new hires getting paid more than existing employees

The practice of new hires getting paid more than existing employees exists as companies seek to attract top talent with specialized skills and remain competitive. While this approach may ruffle some feathers internally, potentially resulting in discontent, decreased morale, and lower productivity among your current staff, it’s important to balance the need for fresh talent….

A Small Business Owner’s Guide to Essential Payroll Software Features

By Heather Landau February 16, 2024 | Human Resources, What is

money and calculator in the top of the table

Payroll features are the functionalities a payroll system offers to manage, streamline, and ensure the efficiency of employee payment operations. The right set of features go beyond simple automation, it must include those that make payments accurate, ensure compliance, and support financial prudence. Understanding payroll software features is important, as the system guards you against…

What is a Payroll Loan & How Do They Work?

By Heather Landau February 16, 2024 | Human Resources, What is

image shows woman computing using calculator

A payroll loan is a type of short-term borrowing that a business can use to pay its employees when cash flow is tight. If you’re a small business owner, you know that maintaining a steady cash flow can sometimes feel like walking a tightrope. Payroll loans can act as a safety net, ensuring your employees…

What Is Plaid? How Does It Work & Is It Safe?

By Andrea Herrera February 15, 2024 | Retail, What is

what is plaid

Plaid is a financial technology company that acts as an intermediary between financial institutions and third-party applications. Using Plaid makes it easy for users to quickly and safely connect their bank accounts with apps, helping them manage money and make transactions effortlessly without providing the apps with their bank login information. While users may sign…

What Is a Payment Gateway? How It Works for Small Business

By Anna Lynn Dizon February 15, 2024 | Retail, What is

Person with mobile smartphone in hand paying online.

A payment gateway is a customer-facing platform that collects payment information during checkout. The gateway then encrypts the customer’s data and sends it to the payment processor to initiate the transfer of funds. Payment gateways are used by: Businesses selling remotely, on a website, on social media, or on mobile. Checkout counters in brick-and-mortar stores…

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