In the height of the economic slump, crowd-sourcing was made popular. With big promises of big money without the high interest rates of traditional loans, crowd-sourcing became a beacon for entrepreneurs everywhere. Here is how it works: crowd-sourcing allows a company or an individual to raise capitol for a business idea through small contributions from […]
Category: NCE Newsletter
Small Business: The Barometer of the Economy
It is no secret that small business can have a huge impact on the economy. When retail giants are slow to change and slow to show change, small businesses are great mirrors to reflect both the health of the economy and the current trends. Taxes and labor quality are cited as the two top problems […]
Traits of Successful Small Bunsiness Owners
It takes a lot to become a small business owner. Some things needed are physical like a roof over the business’s head so to speak and the capital to get started. But some (if not most) of what it takes to run a successful small business comes from inside the entrepreneur. There is a special […]
Cost and value are subjective
Cost and value are subjective in terms of what a customer is willing to pay and what they perceive as a good deal. Many large corporations spend a lot of time and money to develop ways to boost their sales solely through psychological pricing. There are a few tricks of the trade that they use, […]
Color Your Small Business
Throughout the years the popularity of colors has definitely changed. In the 1960’s the color of choice was avocado green; but now that color is no-where to be found. Pantone recently named Marsala Red the official color of 2015; but the most popular colors—at least according to the Color Marketing Group—may vary, especially across the […]
Small Business Can Make Money On Cyber Monday Too
It is not news that one of the biggest times of the year for businesses is during the holiday season with an overwhelming amount of sales happening in the 4 days after Thanksgiving. As a small business, you might think that you cannot compete with the big box stores for some of those holiday dollars, […]
The Road to Better Health as Described by Big Companies
In the United States, 7 out of 10 adults are considered overweight and 1/3 are obese, so it in no surprise that companies want their employees to be healthier in order to cut down on health insurance costs. Under Obamacare, businesses with more than 50 employees are required to offer affordable healthcare to any fulltime […]
Advise For Small Business Owners Facing a Tax Audit
If your business is facing an audit it can be scary; but it is important to remember that not all audits come about because the IRS has found a serious issue. The IRS assigns each tax submission a DIF score (discriminate index function). The higher the DIF score, the more likely an audit will be […]
How to Get Invoices Paid
Cash flow is important to any small business, as money is the gear that keeps the whole operation running; but there maybe a wrench in the operation if your customers refuse to pay for your goods and services or pay invoices late. The obvious way to keep your cash flow intact is to get paid […]
The Cost Of Morale: Offering Paid Sick Days
As of April of this year, businesses in New York City with at least 15 employees are required to offer paid sick days. Similar laws are already in effect in cities in California, Washington, and Connecticut. Many small business owners are wondering if this is a trend that will catch on nation wide—and it if […]