It’s National Small Business Week again, and we’re celebrating the blood, sweat and tears you put into your company. It takes courage, commitment, and even a little bit of crazy, to be an entrepreneur. And to succeed takes even more. Whether you’re running a thriving small business, just getting started, or struggling to get by, you’re part of the backbone of the American economy. According to the Small Business Administration (SBA), small businesses employ roughly half of the people in…
It’s the end of the year and business is booming! According to payment service provider WePay, the holidays give a generous boost to Q4 sales. In fact, SMBs generate roughly 20 percent of their revenue between Thanksgiving and New Year’s Eve, but what happens when the dust settles on their balance sheet? Holiday shoppers might bring a dramatic sales increase, but they can also complicate business cash flow. Consequently, business owners that fail to reconcile their balance sheet by the…
On November 25th, 2017, Americans will rally in support of the entrepreneurs in their community for Small Business Saturday. Established in 2010, the vast majority of the country now observes Small Business Saturday with the resolve to “shop small” at local stores and restaurants. Sandwiched between Black Friday and Cyber Monday, the timing couldn’t be better as holiday shoppers are already armed with their friends and family’s wish lists and cash burning a hole in their pockets. Just last year,…
In a market where digital rules, today’s holiday shoppers have evolved. Both consumer and business buying behaviors have shifted, as have their expectations for their buying experience. Technology has opened up endless possibilities, particularly for Black Friday and Cyber Monday shoppers who make a sport out of procuring the items on their wish list at the lowest possible price. Sellers have played a significant role in driving this behavioral change among shoppers. In an effort to exhaust their holiday sales…
It is no secret that technology has changed the world of business with paper-based payment transactions almost obsolete. With more companies and consumers relying on computer networks to send, receive, and process payments, sensitive personal and financial information is being increasingly stored online. While advancements in tech help to streamline processes and raise profits, among many other benefits, these advantages come at a cost: as the use of electronic data in business transactions has skyrocketed, so have the rates of…
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