Small Business Learning Center

What is the Failure Rate of Small Businesses?

You might be curious about the failure rate of small businesses if you are thinking about starting one. You don't want to be a failure. The answer is not so easy. The failure rate for small businesses depends on many factors including industry and company size. However, small businesses are at risk of falling by around half [...]

What’s the Formula for Calculating Profit Margins?

This question is not easy to answer. Your profit margin will depend upon many factors such as your business model, pricing strategy, and overhead costs. There are many ways to calculate profit margin depending on the information available and what you want to measure. Gross profit margin is the most commonly used way to measure profit [...]

What Are Some of the Best Financing Options for Business Equipment?

You know the importance of having the right equipment if you are in business. What happens if your equipment fails or is damaged? Here's where equipment loans for business are available. You will need to find out the best financing options for small businesses that want to buy equipment. It can be confusing to consider all the options [...]

What is ROAS? Why is it important for eCommerce Businesses?

ROAS (or return on ad spending) is a measure that shows how much revenue you are generating for every dollar spent on advertising. It measures how effective your advertising campaigns are at generating sales. High ROAS is a sign that your campaigns have been very successful and are generating lots of sales for your eCommerce store. A [...]

2022 Online Payment Methods for Small Businesses

Online payments are essential for any business today. You need to ensure that you are using the correct payment methods for your small business. It can be difficult to choose from so many options that it can be overwhelming. We're here to help. This article will discuss the top online payment options for small businesses in 2022. We [...]

What are the Best Ways to Finance a Limited Liability Company?

If you are considering starting an LLC business this article will help you understand the ins and outs of setting up an LLC business as well as listing the number of ways to finance your LLC business to get it off the ground on a solid foundation. Let's start by defining what an LLC is. [...]

Small Business Web Site Platforms

Small businesses have many options for website platforms. Joomla and WordPress are two of the most widely used. Each one has its pros and cons. You must choose the right one for your business. These systems are both content management systems (CMS). But what exactly is a CMS? What's CMS? A content management system (CMS) is a [...]

As a Business Owner Should You Pay Yourself and Why?

You may be asking yourself whether you should pay yourself or not. This question is dependent on several factors such as your business type, financial situation, and goals. Let's examine whether you should be paying yourself and which options are best for your business. Types Of Business Structures When starting a business, there are many business structures [...]

Interest Rate vs Factor Rate Business Loans: What Business Owners Should Know

You are always looking for ways you can save money as a business owner. When it comes to financing your company, you want the best deal. What is the difference between factors and interest rates? Lenders charge interest rates as a percentage of the loan amount. Factor rates are fees charged by lenders to cover their costs. Which [...]

How to Lower the Cost of Goods Sold by a Retail Business

It is no secret that retail businesses can be affected by the cost of goods sold (COGS). Retailers often consider COGS to be one of their largest expenses. But what is COGS? And how can business owners reduce it? What's COGS? COGS is a topic that's been discussed a lot in business circles. But what exactly [...]