The Source

Small Business

Business Partnerships & Why They’re Important

4 minute read

February 8, 2023

Business partnerships and collaborations have always been an essential part of modern business operations because of the real benefits they provide. The value of partnerships are that they allow businesses to access resources and expertise...

Why Do Small Businesses Fail? The Most Common Reasons

8 minute read

January 31, 2023

The failure rate for small businesses is alarmingly high. According to the Small Business Administration, about 50% of all new businesses will go out of business within the first five years. If you're thinking about...

When to Hire in Small Business: Signs to Look For

7 minute read

January 24, 2023

One of the smartest moves you can make to grow your business and increase your revenue is to hire new employees. The hard part is deciding when to hire in small business. Fortunately, there are...

Average Small Business Revenue: What To Know

5 minute read

January 11, 2023

The beauty of becoming a small business owner is that you are not limited in how much you can earn like you are when you work a 9-5 job. While you might expect 1-3% raises...

What Is a Reasonable Profit Margin for Small Business?

5 minute read

January 6, 2023

For many small businesses, profit margin is the difference between success and failure. It's the amount of money left over after all of your sales expenses and operating costs have been paid for and it...

Solar Energy Pros and Cons: How to Power Your Small Business

5 minute read

June 20, 2022

Installing solar panels is a wise choice for many small businesses. They can help you save money and enjoy significant tax credits. They’re better for the environment, which appeals to potential customers and employees. They...

The Top Benefits of Having a Good Business Credit Score

5 minute read

June 6, 2022

As a small business owner, it's vital to establish a good credit score when starting a business. Without solid credit, you won't be able to afford additional financing. This is crucial because you likely won't...

How to Build Business Credit If You Have Bad Personal Credit

6 minute read

June 1, 2022

Business credit is essential for several reasons. You’ll find it easier to obtain financing with lower interest rates and more favorable terms with a good business credit score. You can also land better deals with...

6 Factors to Consider Before Downsizing Your Business

5 minute read

May 18, 2022

Deciding to downsize your business may be the most challenging decision you make for your company. Some people who helped you build your business will lose their jobs, and your company’s growth may stall.