An increasing number of businesses worldwide are adopting cryptocurrency as a way for consumers to pay for goods and services. Over the summer, Bitcoin Depot installed more than 700 of its Bitcoin ATM machines at Circle K convenience stores in 30 states, and they are continuing to expand in the U.S. and Canada. If this […]
finance
Leveraging Accounting to Boost Profits
by Nauman Poonja Succeeding in business is not only about a great idea and the right product — it is also ultimately about making money, and making money means managing the books. However, just “keeping the books” is not enough to make sure a business’ financial “house” is in order. Too often, independent retailers miss […]
Fast Business Loan Options for Retailers
Over the last year and a half, COVID-19 has had a huge impact on businesses large and small. One area that has especially been hit hard is the ability for banks and other lenders to offer loans to small and medium sized businesses. Even as the economy begins to open back up, banks are still […]
4 Ecommerce Business Financing Tips
by Evan Bleker It has always been quite a challenge for small ecommerce businesses to get funding. Most lenders usually favor big companies with great backgrounds and a skyrocketing sales history, but what about small businesses in the ecommerce scene? You can, if you have the right know-how. Here are four quick tips on how […]
New PPP Loans for Businesses with 20 Employees or Less
The Biden administration announced five major changes in the Payroll Protection Program this week to make access to PPP loans more equitable, which could make a big difference for small businesses. Starting February 24, 2021, the U.S. Small Business Administration will begin accepting applications for PPP loans exclusively for businesses under 20 employees and sole […]
New Round of PPP Loans Lends a Helping Hand to Small Businesses
The small-business aid included in the $900 billion pandemic relief package approved last month has started to flow, and businesses are ready for the relief. The U.S. Small Business Administration reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA began accepting applications for Second Draw PPP […]
Barstool Throws Lifeline to Drowning Businesses
On December 17, 2020, Dave Portnoy, Founder of Barstool Sports, launched “The Barstool Fund” for small businesses struggling to stay afloat during the COVID-19 pandemic. Companies can apply for assistance with needs such as rent or tax payments by sharing their stories by email, so long as they have continued to pay their employees throughout […]
How to Improve Business Finances & Cash Flow
by Wave Business cash flow describes the flow of money from your business’s current accounts receivable to your future accounts receivable — essentially, it is the total of your monthly cash flow minus the balance on your accounts payable. It is important to learn what cash flow is to make better decisions in running the […]
Contactless Holidays: How Retailers Can Make Safer Payments a Reality for Peak Season
by David Wilkinson For independent retailers, the holiday season is always highlighted — finishing the year with as much profit as possible is significant to your business. This year, it is even more important, and that’s not all. Before you start thinking about decorations and window displays, you will have to take extra steps to […]
12 Ways Retailers Can Save Money During COVID-19
by Seth Tenenbaum Never have independent retailers needed to tap into their ingenuity as much as during COVID-19. From changing their product mix to expanding their social media impact, retailers are finding new ways to add value and push ahead (or at least hold steady). What you may not realize, though, is how much creativity […]
