Month: September 2025 - Page 2 - Small Business Advice by Bigger Bottom Line

Payroll Management and Employee Compensation Strategies

September 25, 2025 by Bigger Bottom Line

As a small business owner, managing payroll and employee compensation can be a daunting task. While larger corporations often have dedicated human resources and finance teams to handle these matters, small businesses frequently find themselves juggling multiple responsibilities, from operations to marketing and everything in between. However, payroll management and compensation strategies are critical components of running a successful business, as they directly impact employee satisfaction, retention, and overall productivity.

What is the best business to start in Oregon?

September 29, 2025September 25, 2025 by Bigger Bottom Line

Oregon, with its diverse landscape, thriving cities, and entrepreneurial spirit, offers a wealth of opportunities for small business owners. However, choosing the right venture can be a daunting task. Have you ever found yourself staring at a blank canvas, unsure of where to start? Don’t worry; you’re not alone.

Emerging Technologies and Their Impact on Small Businesses

September 25, 2025 by Bigger Bottom Line

In today’s fast-paced and ever-evolving business landscape, emerging technologies are disrupting industries and transforming the way we operate. For small business owners, staying ahead of the curve and embracing these technologies can mean the difference between thriving and falling behind. The rapid pace of innovation can be both exhilarating and daunting, presenting a myriad of opportunities and challenges.

What are the 7 steps to create a business plan?

September 25, 2025 by Bigger Bottom Line

Struggling to put together a solid business plan? Don’t worry; you’re not alone. Many entrepreneurs find themselves lost in the maze of market research, financial projections, and strategic planning. But fear not! We’re here to guide you through the process, one step at a time.

The Importance of Strategic Planning for Small Businesses

September 24, 2025 by Bigger Bottom Line

Imagine this scenario: You’re the proud owner of a small business that you’ve poured your heart and soul into. You’ve successfully navigated the initial hurdles of starting up and have even managed to build a loyal customer base. However, as time passes, you find yourself facing new challenges – increasing competition, evolving customer needs, and the constant pressure to adapt and innovate. Feeling overwhelmed and unsure of the next steps, you start to wonder how you can take your business to the next level and ensure its long-term success.

How much do small businesses pay for marketing?

September 29, 2025September 23, 2025 by Bigger Bottom Line

Picture this—you’re a small business owner, and you’ve just launched your dream venture. You’ve poured your heart and soul into crafting the perfect product or service, but now comes the real challenge: getting the word out and attracting customers. This is where marketing comes into play, but with limited resources, you might be wondering, “How much should I be investing in it?”

Pivoting Power: How Small Firms Can Stay Ahead of the Curve

September 23, 2025 by Bigger Bottom Line

Change is the only constant in today’s fast-paced business world. Small firms, with their agility and ability to adapt quickly, have a unique advantage in navigating the ever-evolving landscape. However, recognizing the need for change and taking action to pivot and reinvent one’s business can be a daunting task.

Ensuring IT Compliance and Regulatory Requirements

September 23, 2025 by Bigger Bottom Line

In today’s digital age, where businesses rely heavily on technology and data, ensuring IT compliance and adhering to regulatory requirements is no longer a choice – it’s a necessity. For small business owners, navigating the complex web of rules and regulations can be daunting, especially when resources are limited, and the stakes are high. Non-compliance can lead to hefty fines, legal repercussions, and irreparable damage to a company’s reputation.

How to start a laundromat

September 22, 2025 by Bigger Bottom Line

Imagine a business that caters to a universal need, requires minimal staffing, and generates a steady stream of revenue. Welcome to the world of laundromats – a tried-and-true industry that has weathered economic storms for decades.

Infographic: SBA Charge Off Rates as a Percent of Unpaid Principal Balance (UPB) Amount

September 29, 2025September 22, 2025 by Bigger Bottom Line

The Small Business Administration’s (SBA) charge-off rates, which represent the percentage of unpaid principal balance that has been written off as uncollectible, have shown a significant improvement over the past decade. The data reveals that charge-off rates peaked in 2015 at 1.69%, followed by a steady decline through 2020. Between 2014 and 2015, there was … Read more