Employee Turnover: What It Is and How To Avoid It
Employee turnover is a burden to a small business. It’s often unexpected and takes time (and money) away from small business owners. In this article, we discuss employee turnover and how you can avoid it to ultimately get more hours back in your year and improve your bottom line. What is employee turnover? Employee turnover […]
Subscription Payment Services Made Easy
Cash is the lifeblood of every business, but sometimes getting cash into the business is harder than it should be. Subscription payment services and recurring billing are great ways to automate and improve business processes and get cash into your business efficiently and regularly. How Do Recurring Payments Work? Recurring payments are payments from customers […]
Credit Card Chargeback Schemes and What to Do About Them
Credit card chargeback schemes are an unwanted side effect of chargebacks, which are themselves a necessary evil to protect the consumer’s rights. Is it always fair to forcibly remove funds from a business’s bank account and return them to the consumer? Probably not. However, as a consumer, do I want that type of swift and […]
How to Manage High Labor Costs
Labor costs are on the rise. Unfortunately, if not carefully managed, these rising costs can hurt a business’s bottom line. However, with a careful understanding and management of how to manage high labor costs, this doesn’t have to be the case, and businesses can still thrive while competing in today’s markets. What are labor costs? […]
Resource Guide: What is Inflation and What You Can Do About It
What is Inflation? Inflation measures how much prices are going up on average and how much purchasing power is decreased over a certain period. For example, if inflation was 10% over the past year, your one dollar today can buy you 10% less than it could last year. The Impact of Inflation on Small Businesses […]
How to Open a Dance Studio
You’ve decided to open your own dance studio—congratulations! Soon you’ll be in the middle of the action, with students doing twirls and hip-hop moves all around you, building a community in a space that you’ve brought to life. Yours will be the place where little dancers do their first pirouettes and where lasting friendships are […]
What Small Business Owners Can Do When Inflation is High
According to the U.S. Bureau of Labor Statistics, inflation, as measured by the consumer price index (CPI), was up to 8.5% from March 2021 to March 2022. In a nutshell, this means that prices on the total of all goods and services we buy are up an average of 8.5% over the past year. Inflation […]
The Future is Here: Bringing Contactless Payments to Your Business
Remember all those futuristic movies we watched years ago, where characters were constantly calling each other on video phones? It seemed amazing and impossible when we were still tied to landlines, but now here we are, video chatting with each other while simultaneously paying for our coffee using contactless payments. We’re living in those movies […]
What’s the Difference Between a Gym and a Fitness Studio?
Gym or fitness studio? Fitness studio or gym? If you’re thinking of starting a fitness business, you may be looking at these two options and wondering which is right for you. After all, they’re both kind of the same thing…right? Not so fast. Let’s look at the real difference between a fitness studio and a […]
How to Price Out Your Dance Studio
Ready to open your own dance studio? Before you start welcoming students, you’ll need to find a suitable space and fill it—not just with music and passion, but with essential equipment and decor, including barre, mirrors, flooring, and more. Here’s what to consider as you price out your dance studio. Pricing out your studio and […]