February’s Question of the Month

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Q:
What is the startup cost to open a storefront childcare center?

- Shameka, Park Forest, IL -

A: Unfortunately, every startup business, industry and region is different, so there is no universal formula or answer for estimating startup costs or operating expenses. Startup costs for a storefront daycare operation will be vastly different than a manufacturing plant that might require a considerable investment in equipment. But all startups, regardless of their business, need to identify their possible expenses as accurately as possible. Read more…

The Benefits of Online Bill Paying

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Next time bills are due forget sticking stamps and signing checks. Choose online bill paying and manage your business finances simply and quickly with the click of a mouse.

Take a few minutes to set up this worry-free bill-paying strategy and your company will reap the rewards. From ensuring debts are paid on time to improving credit scores, online bill paying offers a host of benefits. Read more…

Filed under:Business Tips

Say Goodbye to Bookkeeping Errors

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That shoebox full of receipts and I’ll-get-to-it-later attitude toward your business bookkeeping isn’t going to cut it anymore. Lax accounting costs you money and valuable time you could be spending running and growing your business.

Fortunately, avoiding common bookkeeping faux pas is easier than you think. Try these tricks to keep your business finances in order and make life easier. Read more…

Filed under:Time Savers

Workplace Wellness in 5 Steps

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For every $1 invested in health promotion, your company can save between $3 and $5 in health and safety costs, according to the Small Business Wellness Initiative. On top of that, you’ll improve employee morale, boost company loyalty and decrease absenteeism. So what are you waiting for? Right now, in the midst of the post-holiday slump, there’s no better time to jump-start your employees’ quests for better health. Read more…

Filed under:Business Tips