July 1, 2024 -- Volume 23, No. 7

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What Type of Payments to Accept: From Barter to Biometrics


When you hear “show me the money,” what does it mean? Money might conjure up a vision of piles of U.S. dollar bills or bags of coins, but today money is a very broad term. Understand “money” so you can offer customers a range of payment options and know what they prefer. At the same time, consider how you’ll pay your bills. Take into account cost, time—yours and the speed of transmission, security, and ease of use. Read More

Are You Lucky? This Matters to Business Success

Are You Lucky? This Matters to Business Success

There are basically 4 factors that are necessary for business success: a good idea, sufficient capital to start up, hard work, and luck. Which factor most influences the outcome of start-ups? It depends on who you ask. There’s a lot of research on the subject and experts don’t agree on the answer. Read More

5 Great Tax Shortcuts to Save You Time and Effort


Taxes and the related chores—recordkeeping, filing, and paying—are perhaps the least favorite things for a business owner to do. Still, they’re unavoidable. Being in business requires you to keep books and records and then report income and expenses to the government. All of this takes considerable time and a lot of effort. Whatever you can do to make things easier, do it! Here are 5 ways to help. Read More

What Payment Methods Do You Use for Your Obligations?


You have to pay the rent, make payroll, deposit taxes, pay vendors, and more. You want to do this in the most efficient way, meaning you want to minimize fees and your time and effort, while ensuring your payment method is secure. You likely will use various methods for different purposes. For example, in the restaurant industry, “instant payments,” such as debit cards and PayPal, are the most popular, but ACH transfers, checks, and credit cards are still popular for sending payments. Which payment methods work best for you?  Read More

Who, What, Where, When, Why, and How to Use Social Media to Grow Your Business


A few years ago, Adobe said content democratization is changing the business landscape, and this can be a big boost to small businesses. In the past, consumers learned about new products and services through television, radio, and print; today it’s primarily social media platforms. Read More

5 Things to Know About Transportation Fringe Benefits


With more employees returning to the workplace and the cost of commuting on the rise, employers should consider helping to alleviate the commuting burden. Costs typically run over a $100 a month for public transportation or for driving to work (the average cost for driving is $170 per month). Read More

Multiple Businesses with Common Ownership: Tax Rules You Need to Know


Entrepreneurs may not be content with owning a single business. They may have two or more companies going at the same time. They may own some or all of them by themselves or have co-owners. Read More

Business Lessons from My Dad


Father’s Day reminds me of the business lessons I learned from my dad at the dinner table each day while I was growing up. He was a co-owner of a machine shop—a small business—that made parts for such items as telephone equipment, helicopters, and the Minuteman missile. Needless to say, his lessons—spoken and unspoken—had a profound impact on me. Read More

Featured Guest Blogs

Happy Workplace

The Benefits of a Happy Workplace: Insights for Small Business Owners

by Aaron Franks


A good workspace is key to the success of any small business. When employees feel good and are into their jobs, they often do more work and stick with their tasks. This happy setting not only makes workers happy, but also helps keep skilled people around. As a small business boss, knowing how to create a cheerful workplace can help your business do well with a happy and staying team. Read More

Safe Workplace

How Safe Do Your Employees Feel in the Workplace?

by Jack Shaw


Employees arrive at work aiming to create value for others. However, they also expect their time in the workplace to help sustain and improve their lives. As a small business owner, you want your staff to be safe and feel safe at work. Keep reading to learn key facts about workplace security and what you can do to protect your team members. 

Read More

Vacation

5 Strategies for Efficiently Managing Your Vacation Rental Business

by Monica Mendoza


The landscape of vacation rentals has evolved dramatically in recent years, particularly in the wake of the global pandemic. As travel resumes more robustly, the demand for unique, personalized accommodations has surged—recent data from Statista, for instance, projects that the market will generate around $100.30 billion in revenue in 2024.  Read More

Remote Communication

Enhancing Remote Team Dynamics with Effective Communication Tools

by Jessica Sweet


The transition towards remote working has highlighted the pivotal role of communication in maintaining a cohesive team. As businesses in the UK, US, and in other countries adjust to this new work model, it’s apparent that enhancing team dynamics through effective communication tools is not just beneficial but essential for success. Read More

Healthy Workplace

Cost-Effective Health Habits Remote Workers Can Follow

by Miranda Green


While remote work has become the norm due to its benefits of increased productivity and flexibility, there are still challenges companies and organizations must address. Among these are cybersecurity concerns, as 65% of the employers offering remote work face internal and external threats that can lead to data and system breaches. Read More

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Cybersecurity Protections and Your Remote Workers



The prevalence of remote work, which grew substantially during the pandemic, is obviously not going away. In 2024, 65% of companies offer remote work arrangements. This includes hybrid work—some hours at the company and some remotely.

Read the full article at Small Business Entrepreneurship Council

PRESENTING A NEW eBook!

"150+ Tax Deductions for Small Business A to Z"


Our latest e-book is FREE to download when you sign up for our monthly newsletter and Idea of the Day® mailings!



Note: Regular subscribers, no worries, you won't receive duplicate mailings if you download the new e-book.

eBook 150+ Tax Deductions
Inspiring journey of Barbara Weltman

Inspired Stories Interview

"The inspiring journey of Barbara Weltman and her Big Ideas for Small Business"

Pleased to share my conversation with Anthony Codispoti.

Listen Here on Spotify

SBT 2024

If you own a small business, this comprehensive guide explains in easy-to-understand terms the essentials of business taxes to prepare you to work better with your CPA or other tax adviser or

handle tax responsibilities

on your own.

Purchase now on Amazon ~ Ratings are appreciated!

Find the Online Supplement Here

1001 Deductions 2024

This edition of this popular book

has been fully updated to reflect the latest rulings and laws (including changes from the Inflation Reduction Act and SECURE Act 2.0), allowing you to easily

refer to the appropriate deductions and credits for your particular needs. 

Purchase now on Amazon ~ Ratings are appreciated!

Find the Online Supplement Here

I'm delighted and honored to be included in this list.
Building a successful business is tough, but you’re not alone. Follow these 10 women entrepreneurs for smart tips, tools, and resources.
Click here to view the list of 10 Women Entrepreneurs to follow!
Also, honored to be featured in this LinkedIn article:
"SMB Insights on Tap: 8 Experts to Follow"
You can learn more and discover some great resources in this article.
Click here to to view the article!

Resources Small Business Owners and Entrepreneurs Need!

500+ Big Ideas for Your Small Business

Ideas You'll Use Everyday!

Whether you’re a seasoned entrepreneur or just starting out, you’ll find actionable ideas to help you with your finances, your operations, your staff, your marketing, your taxes, your technology, your environment, and your personal growth.

Click Here to Purchase on Amazon Now for $3.95

Home-Based Business Start-Up Guide: A Step-by-Step Road Map--with Checklists--to Get You Started-Up, Profitable, and Successful

Click Here to Purchase from Amazon

Delivery Driver Tax and Business Guide

The Delivery Driver Tax and Business Guide:

Your GPS to Get You Where You Want to Go in Your Business

and

The Uber/Lyft Driver Tax & Business Guide

by Barbara Weltman and Harvey Bezozi

Click Here to Get Your Copy from Amazon


Smooth Failing

(Paperback Edition)

Top industry leaders share their secrets for turning pain into profit!

by Barbara Weltman

Click Here to Get Your Copy from Amazon

BWeltman_Badge 2023

Honored and Pleased to Receive this Award!


Marquis Who's Who

Honors Barbara Weltman--Who Is Recognized for Expertise in Law and Business


Read Press Release Here

Million Dollar Stories Podcast

In this episode, Mike and Barbara are diving into the realm of financial empowerment with the book "Small Business Taxes 2024: Your Complete Guide to a Better Bottom Line." This comprehensive guide is designed to equip small business owners with the knowledge and strategies needed to navigate the intricacies of taxes and optimize their financial bottom line. Listen Here



The 10 Best Small Business Blogs to Read in 2024

Honored to be included in this list of small business blogs

from JotForm!


Included in FeedSpot's list of

40 Best Small Business Finance

Blogs and Websites

Big Ideas for Small Business® Newsletter

Called "a must-read" for Small Businesses

and listed as

Best Business Newsletters of 2024

by Business.com

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