The Source

This week in The Source

Compare and Contrast: Invoices vs Receipts

5 minute read

March 15, 2020

Regardless of your business's industry, a basic understanding of accounting is critical. However, to get that understanding, there are many details you’ll need to learn about. One of those details is financial documentation.\n\n\nIn accounting, there...

Small Business

The Importance of Calculating Your Inventory Turnover Ratio

5 minute read

March 14, 2020

If you own a business and have noticed struggles relating to sales, you may wonder what to do to improve. One of the most common pain points for retail businesses is improper inventory controls. Knowing...

Small Business

The Importance Of Silence In Negotiation Tactics

5 minute read

March 11, 2020

Susan Cain examined society’s bias towards extroversion in her book, Quiet: The Power of Introverts in a World that Can’t Stop Talking. She highlighted how, particularly in business, we idealize the extrovert. The person who's...

Marketing

Pros and Cons Of Hiring A Digital Marketing Agency

5 minute read

March 11, 2020

Whether you’re starting a business or you’ve been running one for years, you know the importance of marketing. In today’s online world, digital marketing is likely a major component of your overall strategy.

Small Business

Pros and Cons Of Starting A Subscription Box Service In 2020

5 minute read

March 9, 2020

A decade ago, most consumers didn’t know what a subscription box was. There were some early adopters in this market, such as The Sampler, an art-based subscription, which started in 2004. However, the trend really...

Small Business

Small Business Ideas: How to Select A Long-Lasting Niche

5 minute read

March 8, 2020

Many entrepreneurs know they want to start a small business before deciding what that business opportunity will be. If that’s the boat you’re in, how do you choose a long-lasting idea?

Small Business

5 Frequently Asked Questions: Business Property Foreclosures

5 minute read

March 4, 2020

Many business owners need to obtain property for their businesses. The uses for this property depends on the business. However, properties are usually expensive, often beyond business owner's typical budgets. This may cause these owners...

Small Business

Why is the Nonprofit Sector Growing At Such Fast Rates?

5 minute read

March 2, 2020

Nonprofits are created to serve the public. Unlike for-profit organizations, they don’t earn profits for their owners and shareholders. Instead, they spend the money they raise to support their mission and pay their employees. They...

Small Business

How to Avoid A Blanket Lien: The Bane Of Equipment Financing

5 minute read

February 24, 2020

Many small business owners require additional funding to purchase equipment, materials, or inventory. When you explore business financing options, you might come across offers that include a blanket lien agreement.