The Source

Small Business

Do You Have an Exit Strategy?

5 minute read

September 19, 2023

One of the greatest bounties of being the boss is the option to keep your firm running for as long as you like — until you're ready to move on to your next chapter. Yet,...

How to Deal with Anxiety as a Business Owner

5 minute read

September 12, 2023

The stress and isolation of the pandemic years has contributed to a greater focus on workplace mental health going forward. Reflecting this commitment, a 2022 study revealed that 77 percent of business owners surveyed are...

When Does Outsourcing Your Sales Team Make Sense?

4 minute read

September 5, 2023

Outsourcing, the practice of using an outside business partner to handle what might otherwise be an internal business function, has become a staple of business-to-business commerce. According to a LinkedIn report, the most common outsourcing...

Seven Smart Reasons to Open a Business Banking Account

5 minute read

August 29, 2023

It's not uncommon for sole proprietorships to co-mingle personal and business accounts. Many self-employed freelancers, tradespeople, or domestic workers may often find it easier for their clients to pay them via Venmo, or Zelle, for...

It's Time to Think Harder about HR Management

5 minute read

August 15, 2023

It's a scene you could have never imagined happening at your firm: A star employee is accusing his coworker of harassment and is promising to sue. Now what? Frantically, you call your lawyer at 10...

What Makes a Family Business Succeed?

4 minute read

August 8, 2023

Ever notice how TV shows about family businesses are typically full of high drama? Whether it was the classic, "Dynasty," or more recently "Succession," a family business can be a setting for high drama and...

How Will You Structure Your New Business?

4 minute read

August 1, 2023

DBA? LLC? Sole proprietorship? Knowing the basics of business structure keeps you from getting stuck in the weeds. The concept of choosing a structure for your small business can be confusing. If you asked the...

Make Your Seasonal Business a Year-Round Success

3 minute read

July 18, 2023

In theory, a seasonal business owner should look forward to the off-season. With the hustle of those busy peak months behind you, what better time to focus on long-term projects like renovations or a new...

Prepayments Plans Beat the AR Blues

4 minute read

July 11, 2023

Any business owner who spends time and money resolving delinquent invoices understands the value of prepayment agreements. But in addition to cutting AR overhead, prepayments can be a boon to your firm's cashflow. They'll also...