Should You Take Out a Loan for Payroll?

When cash flow slows, becomes stagnant, or is otherwise disrupted (large purchases, overdue accounts, etc.), business owners can become vulnerable to a variety of financial woes. Bills can go unpaid, vendor relationships can become strained, and, if the problems persist, your credit can take a quick slide downward. Unfortunately, cash flow problems can also impact another essential part of your business – payroll. Aside from leaving employees disgruntled, failure to meet your payroll obligations is considered a violation of the Read More

Nav’s Latest Business Grant Winner: CJ’s Bait and Tackle

After another round of outstanding applications, we’re pleased to announce that CJ’s Bait and Tackle is the winner of Nav’s second $10,000 small business grant. Based out of the city of Pascagoula on the Mississippi Gulf Coast, owner Chris Jones saw a need for a bait and tackle shop in the area. His mobile, solar-powered shop will continue to serve the community with the help of the well-deserved $10,000. “We couldn’t be more proud of the Jones family,” said Ryan Read More

As A Business Owner, Should You Have Kids?

As an entrepreneur, your business is sort of like your baby, in that you are 100% dedicated to seeing your concept grow into something worthwhile and productive for not just yourself, but also that of your local community. Your business demands time, attention, care, significant amounts of energy, planning and finances on top of a whole lot of grit, tenacity, and perseverance to hang on during down turns. As a result, due to having one “baby” to manage, many entrepreneurs Read More

Do I Need a Will? – Why Small Business Owners Should Have an Estate Plan

With the passing of Aretha Franklin a few short weeks ago, the world lost a musical legend and cultural icon. Dubbed the “Queen of Soul,” she’ll leave behind a legacy that will shine through history, impacting music for decades to come. The famed singer also left behind a considerable fortune, with some estimating her estate to be worth $80 million. However, while family and friend grieve a tremendous loss, they also must contend with another reality – the absence of Read More

4 Perks Your Employees Actually Want

You’ve got your business idea, your plan, and you’re ready to hire your first employee or grow your team. For a lot of small business owners, the math and time behind determining what to pay their employees can be tough enough, especially when your cash flow isn’t 100% predictable. Income is key to attracting solid talent for your business, and low pay is likely to chase good potential employees away. Income, however, isn’t enough alone. More traditional benefits such as Read More

Association Health Plans Now Available to More Small Businesses

A lot has been going on with insurance these days. Despite a fast-moving and somewhat tumultuous political landscape, many small business owners are still asking “what are we going to do about health care?” With many of the main components of the ACA gutted, and several Obama-era rulings reversed, much of what companies have been hurrying to comply with is no longer relevant. What remains has left many small businesses without options for their modest pool of workers. The Department Read More

How Keeping It Simple Has Helped This Fashion Show Producer Grow Her Business

Ashley Victoria Smith is the founder of Descalzo Shows, a fashion show production company that helps small businesses and designers showcase their brands at larger-scale events. “I want them to have big opportunities without breaking the bank,” she said. “Descalzo” means barefoot in Spanish, a fitting name, since the company focuses predominately on luxury lingerie and swimwear brands. Starting Out Why did you start your company? In 2010, I was a marketing director for a modeling agency. I became close Read More

How to Handle Sick Leave as a Small Business Owner

Getting paid time off when you’re ill used to be a trademark of more traditional, full-time career employment; it came standard for many workers, along with pension (and a gold watch) when you retired. This was part of the picture only for some American workers, however, as most part-time employees, laborers in certain industries, and freelancers rarely received sick leave. While the Labor Department 2018 numbers revealed a slight increase in workers who got paid sick time (a change from Read More

8 Business Services You May be Paying for That You Can Get for Free

Looking to make some trims to your operational budget? Just getting started and need business solutions that won’t break the bank? There are a lot of bills that are unavoidable – utilities, suppliers, etc. – but today’s digital environment connects small business owners with a variety of products that can help them run their business without adding to their bills.   Cut your costs by checking out these eight free business services. Doc Storage – Google Drive Google may be Read More

4 Lessons Your Small Business Can Learn From the Big Mac

The Big Mac – the special burger from McDonald’s that features “two all-beef patties, special sauce, lettuce, cheese, pickles, onions and a sesame seed bun” is almost as much of an icon as the fast-food chain itself. While the world is pretty much split on the one-of-a-kind sandwich (the sauce has a way of being fairly polarizing), no one can deny that it’s an unchanging staple that’s been branded into our culture. The sandwich is 50 years old this year, Read More