Profit and loss statement for small business: what each section tells you, a P&L builder to calculate your margins, and a 6-step guide to reading financial data as an operator.
7 tax types involved in every payroll run: federal income tax withholding, Social Security (6.2% employee + 6.2% employer), Medicare
$23K+ estimated annual cost of processing payroll in-house for a 10-person small business when you count staff time, tax filing
Business expense tracking for small business: how much expense mismanagement costs, which software fits your size and card setup, and a 6-step system for closing the leakage for good.
1% price increase generates a 10-12% operating profit improvement for the average small business 60% of small business owners have
82% of small business failures are caused at least in part by cash flow problems 61% of small business owners
$0–$15 monthly fee range at online business banks vs. $15–$35 at traditional banks 27% of small businesses say banking fees
48 days average Days Sales Outstanding (DSO) for small businesses: nearly 2x the net-30 standard $3.1T in outstanding B2B invoices
The right business credit card earns $1,000-2,000 more per year than the wrong one at identical spend. Chase Ink vs Capital One Spark vs Amex Business — with the personal guarantee risk most guides skip.
11.5% average SBA 7(a) loan APR: among the lowest rates available to small businesses 49% of small businesses that applied