The Source

Small Business

How To Utilize Virtual Office Space For Your Business

5 minute read

January 13, 2021

Working from home provides many benefits to business owners, such as added convenience and affordability. However, it has one distinct disadvantage; working from home can de-legitimize your business in the eyes of certain clients.

Gross Profit Formula: How to Calculate Your Gross Profit

3 minute read

January 10, 2021

Depending on your business’s industry, gross profit may be more relevant than net income or other performance measures. Although these figures are all obviously highly related, understanding the differences between them is still very important...

How to Break Into New Markets with Your Existing Business

5 minute read

December 16, 2020

For any business, there are many important balances to strike. You must provide great service, but at a reasonable cost. You want to allow employees their freedom and creativity, without creating chaos.

Our Guide to Equifax Business Credit

5 minute read

December 11, 2020

As a small business owner, you have a personal credit score and a business credit score. Your business credit score shows how likely your business is to repay debt. Equifax is one credit bureau that...

Break Even Analysis: A Quick Overview

5 minute read

December 4, 2020

Are you interested in implementing a break even analysis (BEA) for your goods and services? In this post, you’ll learn what a BEA is and how you can use it to determine the best product...

How Can Your Small Business Use a General Ledger?

5 minute read

December 3, 2020

As a business owner, you’ll need a system to ensure that you're accurately managing your business’s financial information. For many business owners, the general ledger is the foundation of that system. A general ledger should...

Working From Home vs. Renting An Office: When To Switch

5 minute read

December 1, 2020

If you've been working from home for a long time, then you may be wondering if it’s time to rent an office space. Or, you may be amongst the business owners that have been forced...

Micropreneurs: All About The Smaller Business Opportunity

8 minute read

November 17, 2020

When you start a business, you may consider yourself an entrepreneur. After all, an entrepreneur is an individual who runs their own business. However, you may be more of a micropreneur than an entrepreneur. This...

Should You Open Multiple Business Bank Accounts?

5 minute read

November 16, 2020

If organizing your business’s finances isn’t a main priority, rest assured you’re not alone. A recent study from TD Bank revealed that 27 percent of small business owners use the same checking account for their personal and...