Benetrends Blog

New small business owners face a lot of financial pressure, especially in the first few years of operation. Savvy entrepreneurs look for ways to reduce costs while not skimping on important expenses that help build awareness, attract customers, and boost revenue....

One of the greatest challenges for small business owners in their first year is managing cash flow. It is not surprising, given the significant start-up costs new businesses face, the uncertainty of receiving client payments in a timely manner, and a host of other...

Many small business owners do not know what they do not know when starting out. One aspect of starting a small business that can lead to early success for entrepreneurs is accurate forecasting of both revenue and expenses. Especially in the first year, forecasting how...

You have your vision of business ownership. Whether it’s creating a new product or service, purchasing an existing business, or investing in a franchise opportunity, the dream is real. You can see it.  For many entrepreneurs, the challenge comes after you have...

Entrepreneurs in many businesses know the importance of providing customers with flexible payment options.  Credit cards offer convenience to customers and make businesses more attractive to those who prefer using plastic. However, many entrepreneurs...

Small business owners need commercial insurance coverage that will keep them, their company, employees, and customers safe and protected.  Understanding the types of business insurance that your company should have means having a trusted partner to help you...

Retirement plans are a strategic component of small business employer recruitment and financial planning.   Small business owners who choose to provide employees with a retirement plan are making a smart choice, as retirement plans help attract and retain...

Retirement plans offer financial security and peace of mind. For participants, retirement planning allows for confidence in retirement and flexibility to meet life’s unexpected turns.  For companies that provide retirement benefits, the advantages are...

Entrepreneurs need to wear many hats - taking on multiple roles - when starting their own business. Finding the right balance and having enough time to handle all of the tasks required can be daunting. Everything feels important and critical, and usually at the same...

Entrepreneurs have options when it comes to financing their small business dreams. Bank loans, grants, and help from family members are all options, but may not do the full job when it comes to providing needed startup funding. As seen in the...