Your Comprehensive Guide to Business Formation & Compliance
Starting a business is an exciting venture, but it requires careful planning, legal considerations, and ongoing compliance to ensure its success. Understanding the steps involved in business formation and compliance can save time, reduce risks, and position your company for growth. This comprehe...
Essential HR Tips for Small Businesses
As a small business owner, managing HR can be challenging. With limited resources, it’s difficult to stay on top of employee recruitment, training, benefits, and compliance. Yet, effective human resource management is essential for business success. It not only ensures that your employees are ha...
How to Organize Your Business Documents for Better Efficiency
Document organization is one of the most overlooked aspects of running a small business. Yet, having an efficient system for organizing your business documents can save you countless hours, reduce stress, and even improve compliance with industry regulations. With so many different types of pape...
Time Management Tips for Business Owners
As a small business owner, time is your most valuable resource. Between managing employees, handling customer issues, and growing your business, it often feels like there aren’t enough hours in the day. This is why mastering time management is crucial. But it’s easier said than done. That’s why ...
The Importance of Staying Compliant as a Small Business
Running a small business comes with numerous responsibilities, but one of the most critical—and often most overlooked—tasks is staying compliant with federal, state, and local regulations. Compliance can cover a broad spectrum, from filing taxes and submitting legal documents to following labor ...
How Small Businesses Can Outsource HR Functions
Running a small business involves wearing many hats, and one of the most important—but often overlooked—responsibilities is human resources (HR). From managing employee records and payroll to ensuring compliance with labor laws, HR tasks can quickly pile up, consuming valuable time that could be...
How to Use Technology to Simplify Small Business Administration
Running a small business often means wearing multiple hats. As a business owner, you’re not only responsible for delivering products or services but also managing finances, HR, customer service, and compliance. These administrative tasks can quickly become overwhelming, leading to inefficiencies...
How to Implement Cost-Effective HR Strategies for Growing Businesses
As small businesses grow, managing human resources becomes one of the most complex and resource-intensive tasks. The challenge is finding a balance between offering competitive HR services—such as benefits, payroll, and employee development—while keeping costs manageable. Large companies often h...
What Every Small Business Owner Needs to Know about Business Compliance
For small business owners, compliance often feels like an overwhelming maze of regulations and legal requirements. From tax filings to employee protections and environmental regulations, businesses are subject to a wide variety of rules—each with significant penalties for non-compliance. But sta...
Small Business HR Solutions to Help You Navigate Compliance and Growth
In the early stages of any small business, human resources (HR) often gets pushed to the backburner in favor of more immediate concerns like product development, sales, and marketing. However, as a business grows, the need for a formalized HR structure becomes increasingly important. Managing em...
How to Outsource Bookkeeping: A Comprehensive Guide for Small Businesses
For many small business owners, managing finances can be a daunting and time-consuming task. Between balancing budgets, tracking expenses, and handling taxes, bookkeeping often becomes an overwhelming chore that pulls you away from core business activities. This is where outsourcing your bookkee...
Just Released: Podcast on BOI Reporting Requirements – Avoid Costly Fines!
Confused about impending BOI reporting deadlines? Not sure how the Corporate Transparency Act (CTA) applies to you and your small business? Have we got a podcast for you! Recently, our very own Justin Lund sat down with Fund&Grow to chat about the fines and penalties facing entrepreneurs who...
The Hidden Benefits of Slow Business Growth
In a world where rapid growth is often celebrated, it’s easy to overlook the advantages of growing slowly and steadily. However, slow business growth can offer significant benefits that contribute to long-term success and sustainability.
Why Slow Growth Can Be Beneficial
Growing too qu...
Creating a Digital Detox Plan for Small Business Owners
In the digital age, small business owners are constantly connected to their work through smartphones, laptops, and other devices. While technology is essential for running a business, it’s also important to take breaks from the digital world to avoid burnout and maintain a healthy work-life bala...
Navigating Business Etiquette Across Cultures for Small Business Owners
In today's global marketplace, small businesses are more likely than ever to work with international partners and clients. Understanding and respecting cultural differences is crucial for building strong business relationships and avoiding misunderstandings.
Why Business Etiquette Matters...
The Art of Underpromising and Overdelivering in Business
In the world of business, customer satisfaction is key. One of the most effective ways to exceed customer expectations and build loyalty is by underpromising and overdelivering. This strategy helps create a positive customer experience that can lead to repeat business and referrals.
What ...
Turning Customer Feedback into a Growth Engine for Your Business
Customer feedback is one of the most valuable resources a small business can have. When used effectively, feedback can provide insights that help you improve your products, enhance customer satisfaction, and drive growth.
Why Customer Feedback Matters
Feedback offers a direct line to y...
Sustainable Business Practices That Don’t Break the Bank
Sustainability is more than just a buzzword—it's a growing priority for businesses and consumers alike. However, many small businesses believe that adopting sustainable practices is expensive. The truth is, there are many budget-friendly ways to go green and make a positive impact.
Sustainabl...
Harnessing Seasonal Trends for Strategic Planning in Your Small Business
Seasonal trends can have a significant impact on small businesses. Understanding these trends and leveraging them to your advantage can help you optimize inventory, marketing, and sales strategies throughout the year.
Why Seasonal Trends Matter
Seasonal trends affect customer behavior,...
The Power of Micro-Mentorships: Building Your Knowledge Network
For small business owners, mentorship can be invaluable. However, finding the time for traditional long-term mentorships can be challenging. Enter micro-mentorships: short, focused sessions with industry experts or peers that provide targeted guidance without the long-term commitment.
Wha...
How Small Businesses Can Leverage Local Collaborations to Boost Growth
Small businesses often face the challenge of limited resources and visibility compared to larger competitors. However, one powerful strategy to overcome these hurdles is by leveraging local collaborations. Partnering with other businesses in your community can create unique marketing opportuniti...
Do You Need to File a BOI Report? Take Our Quiz to Find Out!
Navigating the world of business regulations can be complex, especially when it comes to compliance requirements like the Beneficial Ownership Information (BOI) report. If you're unsure whether your business needs to file a BOI report, Propel is here to help with an easy-to-use quiz designed to ...
The Importance of Regular Goal Review
Setting goals is only the first step in driving business success. Equally important is the process of regularly reviewing and adjusting those goals to ensure they remain relevant and achievable. Regular goal review allows businesses to track progress, identify obstacles, and make necessary adjus...
Long-Term vs. Short-Term Goals: Finding the Right Balance
Setting goals is crucial for business success, but it’s equally important to strike a balance between short-term and long-term objectives. While short-term goals drive immediate actions and results, long-term goals provide a vision for sustained growth and success. Balancing these two types of g...
SMART Goals: How to Set Clear and Achievable Business Objectives
Setting goals is a fundamental part of any business strategy. However, not all goals are created equal. To be effective, business goals must be clearly defined, realistic, and aligned with your overall strategy. This is where the SMART criteria come into play. By following the SMART framework, b...
Scaling Your Business with Propel: How Third-Party Support Can Accelerate Your Growth Strategy
Scaling a business is an exciting yet challenging endeavor. As you expand your operations, enter new markets, and increase your customer base, the demands on your resources and infrastructure grow exponentially. Successfully scaling a business requires more than just ambition—it requires strateg...
Leveraging Propel’s Expertise to Streamline Business Operations and Increase Efficiency
Efficiency is the backbone of a successful business. In an era where agility and productivity are key competitive advantages, businesses must streamline operations to stay ahead. However, achieving and maintaining operational efficiency can be challenging, especially for growing businesses that ...
How Outsourcing Compliance to Propel Can Free Up Your Business to Focus on Growth
In today’s fast-paced business environment, staying compliant with ever-changing regulations is not only challenging but also time-consuming. For many businesses, especially small and medium-sized enterprises (SMEs), managing compliance internally can divert valuable resources away from core act...
The Role of Customer Feedback in Business Development
Listening to your customers is one of the most valuable things you can do for your business. Customer feedback provides essential insights into what’s working, what needs improvement, and what your customers truly value. By actively seeking and responding to feedback, you can create a better cus...
Why Every Business Needs a Strong Brand Identity
In a crowded marketplace, having a strong brand identity is crucial for standing out and making a lasting impression on your target audience. Your brand is more than just a logo or a catchy slogan—it’s the essence of who you are as a company and what you represent. A well-defined brand identity ...
The Power of Networking: Why Building Relationships is Key to Business Growth
In today’s competitive business landscape, networking has become more important than ever. It’s not just about what you know, but who you know that can open doors to new opportunities and drive your business forward. Whether you’re a startup entrepreneur or a seasoned business owner, cultivating...
How to Build a Strong Company Culture that Drives Success
A strong company culture is the backbone of a successful business. It not only attracts top talent but also fosters employee satisfaction and productivity. Here’s how you can build and maintain a company culture that drives success:
Define Your Core ValuesYour company’s core values are the pr...
The Importance of Business Planning: How to Create a Roadmap for Success
Every successful business starts with a solid plan. A well-thought-out business plan serves as a roadmap, guiding your company through its growth and helping you stay focused on your goals. Here’s why business planning is crucial and how to create an effective plan:
Clarify Your Vision and M...
5 Key Strategies for Scaling Your Small Business
Scaling a small business is an exciting yet challenging phase. As you prepare to expand, it’s essential to have a solid strategy in place to ensure sustainable growth. Here are five key strategies to help you successfully scale your small business:
Focus on Your Core OfferingBefore expanding...
Essential Business Tax Advice for Entrepreneurs
Navigating the complexities of business taxes can be overwhelming, especially for entrepreneurs juggling multiple responsibilities. However, staying informed about key tax strategies and requirements can help you optimize your financial outcomes and ensure your business remains compliant. Here’s...
Understanding the Tax Implications of Hiring Employees vs. Contractors
When growing your business, deciding between hiring employees or contractors is a critical choice that comes with significant tax implications. Understanding these differences can help you make an informed decision that aligns with your business goals and ensures compliance with tax laws.
...
How to Choose the Right Tax Professional for Your Business
Navigating the complexities of tax laws can be challenging for any business, making the selection of the right tax professional a critical decision. The right expert can help you maximize deductions, ensure compliance, and provide strategic advice tailored to your business needs. Choosing a tax ...
Year-End Tax Planning Tips for Entrepreneurs
As the end of the year approaches, it's crucial for entrepreneurs to take a proactive approach to tax planning. By making strategic decisions now, you can minimize your tax liability and position your business for financial success in the coming year. Year-end tax planning is not just about redu...
Maximizing Deductions: Top Tax Strategies for Small Businesses
Effectively managing taxes is crucial for small businesses, and understanding how to maximize deductions can significantly impact your bottom line. With proper planning, you can take advantage of various tax strategies that help reduce your taxable income, ultimately saving your business money.
...
Map Your Money! What to Know about Financial Planning and Budgeting for Small Businesses
Financial planning and budgeting are crucial aspects of managing a small business effectively, providing a roadmap for sustainable growth and financial stability. By mapping out your money, you can gain control over your finances, make informed decisions, and steer your business towards success....
Understanding Employer Identification Numbers (EINs)
Establishing and maintaining a clear business identity is essential for small businesses, and obtaining an Employer Identification Number (EIN) plays a pivotal role in this process. Issued by the IRS, an EIN is a nine-digit identifier that functions similarly to a Social Security number but is d...
Navigating Small Business Taxes: A Beginner’s Guide
Navigating small business taxes can seem daunting for entrepreneurs starting out, but understanding the basics is crucial for financial stability and compliance. Here’s a bird's-eye-view guide to help you navigate the complexities of small business taxes effectively.
Firstly, determining your...
Building Your Team: Employment Law Basics for Small Business Owners
Building a cohesive and effective team is a pivotal milestone for any small business owner, but navigating the complexities of employment law is equally essential. By understanding the foundational principles of employment law, you can protect both your business and your employees while fosterin...
Finding Your Fit: Choosing the Right Business Structure
Choosing the right business structure is a pivotal decision for any entrepreneur, impacting your legal obligations, tax responsibilities, and personal liability. Let's explore the various options available to help you make an informed choice that aligns with your business goals.
Sole Prop...
Who Is Considered a Beneficial Owner?
The Corporate Transparency Act (CTA) of 2020 marked a watershed moment in the fight against financial crime in the United States. A cornerstone of this act is the Beneficial Ownership Information (BOI) reporting requirement. This regulation mandates that certain businesses identify and report in...
What Do I Do with a Business Entity I Don’t Need Anymore? Can I Just Let It Expire?
Deciding whether to let a business entity expire, particularly when it's no longer needed, involves considering various legal, financial, and administrative implications. Here’s a detailed exploration of what it means to let a business entity expire and the potential risks involved.
Letti...
How Do I Legally Dissolve a Business Entity?
Dissolving a business entity is a significant step that involves a series of legal and administrative actions. Whether you're closing your business due to retirement, moving on to new ventures, or other reasons, it's important to understand the proper procedures to ensure that the dissolution is...
Do I Need to File a BOI Report After Dissolving My Business?
After dissolving a business, it can be unclear what remaining compliance obligations need to be fulfilled, particularly regarding the Beneficial Ownership Information (BOI) report under the Corporate Transparency Act (CTA). Understanding these requirements is crucial for any business owner, even...
Do I Need to File a BOI Report If My Entity Is Inactive?
John had always dreamed of starting his own business. He took the first steps by incorporating a limited liability company (LLC) in his home state, filing the necessary paperwork, and paying the requisite fees. But life had other plans, and John’s LLC never actually conducted any business. The c...
Are BOI Reporting Requirements Different in Each State?
The requirements for Beneficial Ownership Information (BOI) reporting primarily stem from federal legislation, specifically the Corporate Transparency Act (CTA), which mandates reporting to the Financial Crimes Enforcement Network (FinCEN). However, states and local governments may have addition...
What Happens If You File Your BOI Report Incorrectly?
Filing a Beneficial Ownership Information (BOI) report incorrectly can lead to several consequences, ranging from administrative burdens to legal penalties. It's crucial to understand the implications and take corrective actions promptly if an error is identified. Here's a detailed breakdown of ...
When Do I Need to Update My BOI Report?
The BOI report does not need to be updated on a fixed annual or periodic schedule. Instead, updates are required on an ongoing basis whenever there are changes in the information previously reported.
Circumstances Requiring Updates
If there is a change in who qualifies as a beneficial ...
Do I Have to File the BOI Report Every Year?
Businesses subject to the Corporate Transparency Act (CTA) must file their initial Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) by the deadline specified by the CTA regulations.
As of the current regulations, businesses are not required ...
How Do I Correct Mistakes in My BOI Report?
Correcting mistakes in a Beneficial Ownership Information (BOI) report involves identifying the error, gathering the correct information, and submitting the revised data to the Financial Crimes Enforcement Network (FinCEN) according to the guidelines provided. Here’s a step-by-step guide on how ...
What Other Reporting Requirements Are There for Businesses Other Than the BOI Report?
In addition to Beneficial Ownership Information (BOI) reporting, businesses have several other reporting requirements to comply with various federal, state, and local regulations. These requirements vary based on the nature, size, and location of the business. Here are some of those key reportin...
How to Comply with the Corporate Transparency Act
Compliance with the Corporate Transparency Act (CTA) involves several key steps to ensure that businesses accurately report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). Here is a detailed guide on how businesses can comply with the CTA.
Understa...
Is My Entity Considered Inactive?
An inactive entity refers to a business entity that has ceased operations, does not engage in any business activities, and does not have significant assets or liabilities. In the context of Beneficial Ownership Information (BOI) reporting, certain inactive entities may be exempt from reporting r...
What is the Corporate Transparency Act and How Does It Affect Me?
The Corporate Transparency Act (CTA) is a piece of U.S. legislation aimed at enhancing transparency in the corporate sector to combat illicit activities such as money laundering, terrorism financing, and tax evasion. Here is a detailed overview of the CTA:
Creation and Legislative Background
...
What is FinCEN? (Financial Crimes Enforcement Network)
The Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. It is responsible for collecting, analyzing, and disseminating financial intelligence and enforcing compliance with financial laws to combat money laundering, terrorist financing, and o...
Understanding the Beneficial Ownership Information Report (BOI Report)
The Beneficial Ownership Information (BOI) report is a regulatory requirement in various jurisdictions aimed at increasing transparency and combating illicit activities such as money laundering, tax evasion, and financing of terrorism. It involves disclosing information about the individuals who...
How Do You File a BOI Report?
Filing a Beneficial Ownership Information (BOI) report is a crucial step for many businesses, ensuring compliance with regulatory requirements and promoting transparency. Whether you’re a seasoned business owner or a new entrepreneur, understanding the process of filing a BOI report is essential...
What Kinds of Businesses Have to File a BOI Report?
Navigating the sometimes confusing landscape of business regulations is crucial for compliance and operational success. Among these regulations, the requirement to file a Beneficial Ownership Information (BOI) report stands out. As of January 1, 2024, this new report was instituted to help ensur...
Does a Carpenter Have to File the BOI Report?
Carpenters, like many other professionals, may wonder about their obligations regarding various legal and administrative requirements. One such requirement that has caused some confusion is the BOI report. The term "BOI report" refers to the Beneficial Ownership Information report, a filing requ...
The Global Implications of the Corporate Transparency Act
The Corporate Transparency Act (CTA), enacted in the United States, has far-reaching implications beyond the domestic sphere. As it mandates the disclosure of beneficial ownership information for certain businesses, it aligns the U.S. with global standards and influences international efforts to...
Compliance Challenges for Businesses Under the Corporate Transparency Act
The Corporate Transparency Act (CTA) introduces new compliance requirements for businesses, particularly regarding the disclosure of beneficial ownership information. While the Act aims to enhance transparency and prevent financial crimes, it also presents several challenges for businesses striv...
How New BOI Requirements Strengthen Anti-Money Laundering Efforts
Money laundering poses a significant threat to global financial systems, facilitating a range of illicit activities from drug trafficking to terrorism. The Corporate Transparency Act (CTA), introduced in the United States, aims to curb these practices by mandating the disclosure of beneficial ow...
Understanding the Corporate Transparency Act and Its Impact on Businesses
The Corporate Transparency Act (CTA), enacted as part of the Anti-Money Laundering Act of 2020, represents a significant step forward in the fight against financial crimes in the United States. A critical component of the CTA is the requirement for certain corporations, limited liability compani...
Do Plumbers Have to File the BOI Report? Beneficial Ownership Information Reporting for Plumbing Companies
Plumbers! You're probably wondering if you need to file the BOI report, and you're not alone. The Beneficial Ownership Information report is a new requirement that almost all businesses, including plumbing companies and self-employed plumbers, must comply with. As if filing taxes and renewing yo...
Amend the Corporate Transparency Act to Alleviate the Burden on Small Businesses
At Propel, we’re proud to be champions of small business – helping entrepreneurs get more business done by handling all the back office and administrative tasks that so often burden small teams and sole proprietorships. We handle it all, from bookkeeping and HR to business strategy and formation...
Special Offer! Our Complete BOI Filing Package & Compliance Review Services
The Corporate Transparency Act is a new law requiring millions of companies to file a Beneficial Ownership Information (BOI) report to the Financial Crimes Enforcement Network (FinCEN), effective as of January 1, 2024. Luckily, Propel has your back! We’ve helped hundreds of small businesses file...
Does a Trust Need to File a BOI Report?
The Corporate Transparency Act (CTA), enacted as part of the National Defense Authorization Act for Fiscal Year 2021, requires certain entities to file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). This regulation aims to increase transpar...
8 Reasons Why Having Propel File Your BOI Report Just Makes Sense
With the implementation of the Corporate Transparency Act (CTA) and the requirement for businesses to file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN), many companies are seeking efficient and reliable ways to meet these obligations. Prop...
Does a Small Plumbing Business Need to File a BOI Report with FinCEN?
With the implementation of the Corporate Transparency Act (CTA) under the broader framework of the National Defense Authorization Act for Fiscal Year 2021, many small businesses are questioning whether they are required to file Beneficial Ownership Information (BOI) reports with the Financial Cr...
The Consequences of Non-Compliance: What Are the Penalties for Businesses that Fail to File a BOI Report?
The Financial Crimes Enforcement Network (FinCEN) has implemented stringent regulations requiring businesses to file Beneficial Ownership Information (BOI) reports as part of its broader strategy to combat money laundering, terrorism financing, and other financial crimes. The Corporate Transpare...
An Essential Tool to Boost Your Business: Google Business Profile
Establishing a robust online presence is essential for the success of any small business. But what most small business owners don’t realize is that among the myriad of tools available to promote your company online, Google Business Profile stands out as the powerhouse for enhancing visibility, a...
Already Filed Your BOI Report? Here’s When It Needs Updating
By now, you’ve probably already heard about the new federal filing requirement under the Corporate Transparency Act which mandates that virtually every small business registered in the United States must file a beneficial ownership information (BOI) report with the Financial Crimes Enforcement N...
“Really? Another Requirement?” Why Small Business Owners Must File the New BOI Report
The Corporate Transparency Act (CTA), integrated within the Anti-Money Laundering Act as part of the 2021 National Defense Authorization Act, aims to combat money laundering, terrorism financing, organized crime, and related financial offenses by requiring numerous corporations, limited liabilit...
How to File the Beneficial Ownership Information (BOI) Report
The business world is buzzing with the released deadlines for filing beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN). While the requirements stem from the Anti-Money Laundering Act passed in 2021 as part of the National Defense Authorization Act, the B...
Are You a “Beneficial Owner” for BOI Reporting?
Effective January 1, 2024, beneficial ownership information (BOI) for corporations, LLCs, and many other business entities must be disclosed and reported to the Financial Crimes Enforcement Network (FinCEN). The aim is to combat money laundering, terrorism financing, organized crime, and related...
Everything You Need to Know about the New BOI Reporting Requirement for FinCEN
In compliance with new regulations outlined in the Corporate Transparency Act (CTA), numerous corporations, limited liability companies, and other entities are now mandated to disclose beneficial ownership and pertinent information to the Financial Crimes Enforcement Network (FinCEN). But what’s...
What Is a Keyword?
Keywords are the linchpin of modern communication, especially in the digital realm. From search engines to social media platforms, keywords play a pivotal role in connecting users with the content they seek. But what exactly is a keyword, and why are they so crucial in today's information age?
...
10 Tips for Improved Mental Health in the Workplace
As deadlines shorten, workdays lengthen, and stress builds, prioritizing mental health in the workplace has become increasingly crucial. Employers and employees alike recognize the impact of workplace stress on overall wellbeing and productivity, which is why creating a supportive and mentally h...
Strategies to Secure Funding for Your Small Business
Securing funding is a pivotal milestone for any small business looking to grow and thrive. Whether you're launching a startup or expanding an existing venture, having access to capital can fuel innovation, support operations, and propel your business forward. However, navigating the landscape of...
How to Find the Right Accountant for Your Small Business
Running a small business involves juggling numerous tasks, and managing finances is one of the most crucial yet challenging aspects. As your business grows, so do the complexities of your financial matters. Hiring an accountant can alleviate this burden, providing expertise and ensuring your fin...
Ding-dong! Your Brand Has Been Delivered
It’s a fact: every interaction with your customers is an opportunity to reinforce your brand identity and leave a lasting impression. While the quality of your products and the efficiency of your shipping process are paramount, the often-overlooked element of branding your shipping materials can...
When You Should and Shouldn’t Develop a Mobile App for Your Business
With the domination of smartphones and digital connectivity, the decision to develop a mobile app for your business can be a pivotal one. With the promise of enhanced customer engagement, increased brand visibility, and potential revenue streams, the allure of mobile apps is undeniable. However,...
What Is a Ghostwriter?
In the labyrinthine world of literature, the term "ghostwriter" looms mysteriously, often conjuring images of shadowy figures lurking behind the veil of anonymity, silently penning bestselling novels or crafting eloquent speeches for public figures. But what exactly is a ghostwriter, and what ro...
Our #1 Strategy for Small Business Success
At Propel, we’re often asked, “What’s the #1 tip you have for small businesses as they look to grow and expand?” The answer is simple: Focus on what you do best and let Propel handle the rest. You have enough to worry about while getting your products and services to market. You don’t need to si...
What Does ‘Back Office’ Mean in Business?
You may have heard the term "back office" bandied about the water cooler or in discussions about business roles and responsibilities, hinting at a crucial aspect of organizational functioning. But what exactly does "back office" mean in business, and what role does it play in the overall framewo...
How to Succeed on Instagram
In the vast universe of social media platforms, Instagram stands out as a powerhouse for visual content. With over a billion monthly active users, it's not just a platform for sharing photos and videos anymore; it's a global stage where individuals and businesses alike showcase their creativity,...
Key Qualities to Look for When Hiring an Executive Assistant
If you’re a small business owner, entrepreneur, or executive at your company, chances are you keep pretty busy. Staying on top of all your to-dos can sometimes feel like a herculean task. That’s when an executive assistant can lend a hand. An executive assistant plays a pivotal role in ensuring ...
Nabbing the Perfect Domain for Your Website
Selecting the perfect domain name for your website is akin to choosing the ideal storefront for a brick-and-mortar business. It serves as your online identity, influencing brand perception and impacting search engine visibility. How do you choose the perfect domain name for your website? Let’s e...
How to Build a Website: The First Steps
Embarking on the journey to create a website is an exciting venture that opens doors to countless opportunities. Whether you're building a personal blog, a business site, or an online portfolio, the success of your website largely hinges on the initial step – thoughtful planning. In this article...
Happy Holidays from Propel
As the year draws to a close, it’s an altogether fitting time to reflect on the partnerships that have enriched our journey. This holiday season, we extend our warmest wishes to our valued clients who have made our year memorable and rewarding. From the entire team of Propellers, we wish you a j...
States Are Rebranding. Should You?
Minnesota has become the latest in a string of states to announce the adoption of a new state flag. The State Emblems Redesign Commission recently unveiled the winning design, following in the footsteps of similar projects in Utah and Mississippi. But why go through all the trouble?
Throughou...
Pantone Announces the 2024 Color of the Year: Peach Fuzz
Every year, the design world eagerly anticipates the announcement of the Pantone Color of the Year, a hue carefully chosen to reflect current trends, cultural influences, and the overall mood of the global community. This color serves as a powerful symbol that transcends various industries, from...
How to Get Maximum Impact from Digital Ads
Digital advertising is a powerful tool to reach and engage audiences. Whether you're a small business owner or a marketing professional, getting the most from digital ads requires a strategic approach. If you go in without a plan, you could be throwing significant amounts of money into the wind....
The Business Credit Checklist
In the realm of commerce, business credit stands as a cornerstone for growth, stability, and financial resilience. It's a pivotal tool that empowers enterprises to expand, invest, and navigate the intricate web of modern economies. Understanding its nuances, establishing it effectively, and leve...
Exploring the Landscape of Small Business Loans
Small businesses are the backbone of economies – driving innovation, creating jobs, and fostering local communities. However, the journey of entrepreneurship often requires financial support, and this is where small business loans come into play. Understanding the diverse types of small business...
How Employers and Employees Can Recognize Mental Health Issues in the Workplace
Mental health issues can affect anyone, anywhere, at any time. In fact, the workplace is a common setting where individuals experience stress, anxiety, depression, and other mental health challenges. As employers and coworkers, it is our responsibility to create a supportive and understanding en...
An Introduction to Public Relations
Public relations, often abbreviated as PR, is a dynamic and essential field that plays a pivotal role in shaping how individuals, organizations, and companies are perceived by the public. At its core, PR is about managing communication, building relationships, and maintaining a positive image in...
The Dangers of Keyword Stuffing in Website Content
Search engine optimization (SEO) is a critical component of a successful online presence. It involves numerous strategies and techniques aimed at improving a website's visibility on search engine results pages (SERPs). One of these strategies is keyword optimization, which, when done correctly, ...
Elevating Brand Presence: Unveiling the Blueprint for a Dynamic Makeover
In today's competitive business environment, adaptability and innovation are more crucial than ever. A brand, irrespective of its industry or tenure, must continually reassess and rejuvenate its presence to meet changing market demands. This guide, presented by Propel, offers a structured approa...
The Teen’s Guide to Entrepreneurial Mastery
The prospect of launching a business at a young age may seem daunting, yet it is entirely achievable with the right strategy. Filled with opportunities and challenges alike, the journey to becoming a teen entrepreneur can be a rewarding experience. To navigate this journey successfully, follow t...
The Power of Personalization: Asking Your Customer’s Name
In the dynamic world of retail, where transactions often occur in the blink of an eye, and customers come and go like a revolving door, the simple act of asking for a customer's name can have a profound impact on the overall shopping experience. Beyond mere formality, this small gesture holds th...
What Is Responsive Website Design?
Think for a moment just how many differently sized devices there are – desktops, laptops, tablets, and smartphones, all with innumerable variations in size and proportions. How can you be sure your small business website looks and performs its best across all these different touchpoints? By inve...
Elevate Your Brand with a Custom Logo Design from Propel
When competition is fierce and attention spans are short, a compelling logo is your brand's most valuable asset. Your logo is the visual cornerstone of your identity, representing your values, mission, and what sets you apart from the rest. It's the first impression you make on potential custome...
Don’t Take Our Word for It
We understand the challenges faced by today’s small businesses. That’s why we’ve brought together all the mission critical services that every company needs to succeed. But many have wondered: How can Propel be so good at everything my small business needs to succeed? We’re glad you asked!
We...
A Hidden Treasure: Unlocking the Value of Improving Your Business Credit
While personal credit scores are a well-known factor affecting our financial lives, business credit often remains in the shadows – underappreciated and underutilized. Yet, for any entrepreneur or business owner, improving and maintaining a strong business credit profile can be a strategic asset ...
Take a Pause: How Is Your Team’s Mental Health?
The well-being of employees, with a particular focus on mental health, should be a top priority for every organization. Recognizing and addressing the mental health of your team is not only a moral obligation, but also a strategic imperative for any responsible employer. Let’s explore why it’s c...
The Undeniable Importance of Customer Service
In the bustling marketplace, where products and technologies are in a constant state of flux, one aspect remains timeless and irreplaceable: customer service. Beyond the glitz of marketing campaigns and the allure of innovative products, customer service stands as the bedrock upon which successf...
A Guide to Developing Product Extensions
Staying ahead of the competition requires continuous evolution and adaptation. There are many ways to tackle those challenges, but one strategy that companies often employ to maintain relevance and capture new market segments is the development of product extensions.
What is a product extensi...
Is Social Media Advertising a Winning Strategy for Your Business?
Social media platforms have evolved into bustling marketplaces where brands can directly engage with their target audience. See, hear, watch, learn, chat, sell…all in one place. That’s why social media advertising offers unprecedented opportunities for businesses looking to showcase their produc...
The Power of Custom Landing Pages: Maximizing the Benefits of Your SEM Campaign
Let’s face it: When you’re online, attention spans are fleeting and competition for a share of your time is fierce. That’s why search engine marketing (SEM) has emerged as a vital strategy for businesses to capture their target audience's attention and drive conversions fast. But there’s more to...
What Is Search Engine Marketing?
Search engine marketing (SEM) is a dynamic and influential digital marketing strategy designed to enhance a brand's online visibility, drive targeted traffic, and generate measurable results through search engines. It encompasses a range of techniques that aim to position a website prominently i...
Outsourced Bookkeeping Has Never Been Easier
Bookkeeping is a critical aspect of any business, as it involves the systematic recording, organizing, and tracking of financial transactions. While some companies may choose to handle their bookkeeping in-house, outsourcing this task to a specialized company can offer numerous benefits. See why...
Is Print Collateral Dead?
In the highly competitive world of business, standing out from the crowd is essential for success. One way to achieve this is by having good business collateral – not just good, but better collateral than your competitor. After all, making a first impression, and making the best impression, can ...
Key Principles for Effective Business Writing
Clear and effective communication is vital in the world of business. Whether it's drafting emails, writing reports, or creating marketing materials, the ability to write effectively can greatly impact your professional success. Even if you don’t fancy yourself the next great American author, it’...
Standing Out from Your Competitors: Strategies for Business Success
Why should a customer choose to support your business over another? You better have an answer, because it’s crucial for companies to find unique ways to stand out from their competitors. With numerous businesses vying for customers' attention and loyalty, differentiation becomes a key factor in ...
Why It Makes Sense to Separate Personal Credit and Business Credit
In today's fast-paced business landscape, it is essential for entrepreneurs and small business owners to understand the importance of maintaining a clear distinction between personal credit and business credit. Although it might be tempting to mix personal and business finances, establishing sep...
Your Business Might Be Targeting the Wrong Audience
Choosing the right target audience is crucial for any business. It ensures that your marketing efforts are focused on the right people and that you're able to effectively communicate your value proposition to potential customers in a meaningful way. But with so many factors to consider, it can b...
Does My Business Need to Be on Social Media?
Social media has become an integral part of our daily lives. It's where we connect with friends and family, share our thoughts and experiences, and consume news and entertainment. But social media isn't just for personal use; it's also a powerful tool for businesses. In fact, having a social med...
What Are the Strategies Behind Amazon’s Success?
Amazon is one of the world's largest online retailers, selling a vast array of products across different categories, including electronics, home and kitchen, books, apparel, and more. As of 2021, the company's revenue stood at $386 billion, with its net income at $21.3 billion. In this article, ...
How to Help Someone Experiencing a Mental Health Crisis
Mental health issues can be overwhelming. It’s also very likely that each and every one of us will experience a mental health crisis at some point in our lives. From panic attacks to suicidal thoughts, the scale and severity of a mental health crisis can vary widely. If you see someone confronti...
How to Write (and Sell) an eBook
Writing and selling an ebook can be a great way to share your knowledge and expertise with a wide audience while also earning money. But we’re the first to admit: getting started can be daunting. To help, we’ve outlined nine steps to help get your creative juices flowing, your pages filled with ...
What Is Ghostwriting?
Ghostwriting is a term used to describe the process of writing a piece of content on behalf of another person or entity, who is then credited as the author of the work. In essence, a ghostwriter is an individual who writes content that is officially attributed to someone else.
Ghostwriting ha...
Common Bookkeeping Mistakes & What to Do If You Make One
Bookkeeping is an essential aspect of managing your finances and keeping track of your business's financial health. Humans, however, are fallible and mistakes sometimes happen. Bookkeeping mistakes can be costly and time-consuming to correct, and might even land you in hot water with regulatory ...
How to Get More People Reading Your Blog
Starting a blog can be an exciting way to share your passions and expertise with the world, or drum-up new prospects for your business. However, getting readers to your blog can be challenging, especially when you're just starting. Never fear: Propel can help! Here are some tips on how to attrac...
What Google Wants: How to Improve Your Search Performance
Search engine optimization (SEO) is essential for any website to get more visibility and drive more traffic. It involves optimizing your website's content and structure to rank higher on search engine results pages (SERPs). Here are some ways to improve your SEO:
Keyword ResearchKeyword rese...
Do Images and Videos Boost Your SEO?
Images and videos have become an essential part of search engine optimization (SEO) strategy. They not only make your website more visually appealing, but they also play a crucial role in improving your rank in search engines like Google. Here are some reasons why images and videos are good for ...
How to Build an Online Sales Funnel in 6 Steps
An online sales funnel is a marketing strategy that is used to convert website visitors into paying customers. The purpose of an online sales funnel is to guide potential customers through a series of steps that will ultimately lead to a sale. How do you do it? Let’s take a look at how to create...
Stop Everything & Write a Business Vision Statement
A business vision is a statement that defines where a company wants to be in the future. It provides direction and purpose, guiding the company towards its long-term goals and objectives. Does your business have one? It should. We’ll take a look at the importance of writing a business vision sta...
How to Formulate a Winning Business Strategy
Formulating a winning business strategy is essential for any organization that wants to achieve sustainable success in the long run. A business strategy is a plan of action that outlines how a company will achieve its goals and objectives while staying competitive in the marketplace.
The 7 St...
When to Hire vs. Outsource
As a business grows, it becomes increasingly difficult for the owner or a small team to handle all the tasks necessary to run the business. One question that often arises in this situation is whether to hire employees or outsource tasks to third-party vendors. There are pros and cons to both gro...
What’s a P&L Report?
A P&L report, or profit and loss report, is a financial statement that summarizes a company's revenues, costs, and expenses over a given period of time. It is also known as an income statement or statement of operations. The P&L report provides insight into a company's financial performa...
Bookkeeping Basics to Get You Started
Bookkeeping is a fundamental aspect of any successful business. It refers to the process of recording and organizing financial transactions such as sales, purchases, receipts, and payments. Good bookkeeping ensures that a company’s financial records are accurate, up-to-date, and easy to understa...
10 of the Best Sales Strategies for Your Business
Sales strategies are a crucial aspect of any successful business. They are the methods and approaches that companies use to sell their products or services to potential customers. While there are many sales strategies out there, some are more effective than others. Which is right for you and you...
The Pros and Cons of WordPress
WordPress is a popular content management system (CMS) used by millions of websites around the world. While it has many advantages, there are also some drawbacks to consider. Is WordPress the best CMS for you? Take a moment to think through these pros and cons of WordPress before making your dec...
The First Step in Building a Website: Writing Content
At Propel, we’ve designed and built websites for nationwide enterprises and small mom-and-pop shops alike, and both share a common characteristic: the challenge of creating good website content. Not only can you not have a website without content, but you can’t even get started without it. Writi...
What is a Content Management System (CMS)?
A Content Management System (CMS) is a software application used to create, manage, and publish digital content, typically on a website. It enables content creators to manage website content without requiring technical expertise, making it an essential tool for businesses and individuals looking...
The Most Uncomfortable Part of Your Job: How to Fire Someone
Firing an employee is one of the most difficult and unpleasant tasks that a manager may have to undertake. Nobody likes to do it. However, it is sometimes necessary to dismiss an employee for the good of the organization. So… how do you fire someone? We’ll take a look at the right steps to take ...
How a Remote Receptionist Can Boost Your Bottom Line
The concept of a remote receptionist is becoming increasingly popular in today's fast-paced business world. With the rise of remote work and virtual communication, many companies are realizing the benefits of outsourcing their receptionist duties to remote workers.
A remote receptionist is a ...
Improving Teachers’ Mental Health
Teaching is a noble profession that requires a lot of dedication, hard work, and patience. Teachers are responsible for shaping the minds of the next generation, and their impact on the world cannot be overstated. However, this important work can take a toll on teachers’ mental health, as they o...
Designing Your Most Important Business Collateral: The Business Card
A business card is an essential marketing tool for any business owner, entrepreneur, or professional. A well-designed business card can create a lasting impression on potential clients or customers and communicate the essence of your brand. Here are some tips to help you design an effective busi...
What Is Branding? How to Tell Your Brand’s Story
Branding is the process of creating a unique identity and personality for a company, product, service, or even person. It is the art of creating a distinct and memorable impression on consumers that sets a particular business apart from its competitors. Branding is not just about creating a snaz...
How to Set the Right Tone for Your Brand
We all know that effective communication is crucial in any business setting, but how do you set the right tone? The tone of your business communication can significantly impact how your message is received and interpreted by your audience. A well-chosen tone can help you build strong relationshi...
Imagine What a Mobile App Can Do for Your Business
In today's always-connected age, mobile apps have become an essential part of our lives. As smartphones and tablets become ever more glued to our hands, mobile apps have become the go-to solution for connecting businesses and people on the go. From shopping to entertainment, communication to edu...
Is Virtual Reality the Future of HR?
Imagine a future where employees are virtually interviewed, onboarded, and trained. Maybe they attend events and career fairs in the metaverse, or host meetings wearing VR headsets. That future is happening now as virtual reality (VR) takes over the administration of human capital and human reso...
8 Ways Employers Can Help Reduce Stress in the Workplace
As work-life balance becomes ever more unbalanced, it’s no surprise that stress in the workplace is rising. Employees are feeling more stressed than ever and it’s critical for managers and business owners to pay attention to employees’ mental health. If you’re finding that your team members are ...
Pay Attention to Your Employees’ Mental Health
It’s sometimes easy to dismiss stress or fatigue in the workplace by saying things like, “Well, you know Mondays…” But mental health is an essential component of overall well-being, and it is crucial that it be prioritized in the workplace. A lot can take a toll on an employee, from the work env...
Can a Custom-Built Mobile App Help You Weather a Recession?
Forecasting the economy isn’t easy these days. Jobs data and economic indicators are all over the board, which presents a challenge for the business owner. How do you plan for the months and years ahead if you don’t know what the economy will do? We hark back to the Scout motto: be prepared.
...
There’s an App for That
Have you ever thought how much easier life would be if you had an app specifically designed to relieve a pressure point? Why are you waiting? There’s nothing stopping you from increasing efficiency, productivity, sales, communications, and more with a custom-built app from Propel.
There’s so ...
Case Study: SchoolPulse
Recognizing the immense pressure on America’s youth and the need to proactively monitor and support mental health, the team at Propel designed and took to market a new platform to empower students and schools to take command of their wellbeing. Called SchoolPulse, the app is designed to augment ...
Meet Adam, Our Business Credit and Sales Guru
Adam got into banking and bank ratings long ago, when he was just starting out in real estate investing by flipping houses. In a short period, he had accrued a $30k balance in his bank account – and the bank contacted him to offer a $300k line of credit. Overjoyed, Adam shuffled off to the bank ...
The Truth About Business Credit
What is business credit?
Business credit is when your business qualifies to receive funding in the company's name, and this funding or loan doesn’t show up on your personal credit as a loan to you but rather to your business. This funding could come in the form of credit cards, a line of cred...
The Importance of a Customized Funding Strategy
The ultimate goal when seeking funding is to create both a short and long-term funding strategy specifically catered to your business. Your business’s approach to funding will have variables that differ from other businesses. However, the basic principles of building a solid business credit prof...
Business Credit Bureaus: Dun & Bradstreet, Experian, and Equifax
Business credit begins on the merits of your personal credit history. Dun & Bradstreet, Equifax, and Experian are three bureaus under which you can build creditworthiness for your business. Lenders use these business credit profiles from the bureaus to determine your creditworthiness. Signin...
What is Credit Card Stacking?
Credit card stacking is a strategic method of obtaining multiple — personal and business — credit cards at once, which allows a business owner to receive potentially significant sums of capital (without collateral) through numerous funding rounds at 0% interest.
The Benefits of Credit Card St...
Building Credit Lines & Favorable Relationships with Banks
There isn’t a cookie-cutter approach to explaining how a business owner can establish a proper relationship with a bank. Each funding approach varies because banks have specific rules and lending criteria that depend on your business type. So instead, it is essential to understand the basic prin...
The Importance of a Business Website & Professional Email Address
Having a business website and business email address is essential for many reasons. We want to address in this article the importance of those reasons regarding your business credit profile.
Why would I need a business website or business email address?
First and foremost, you need a busin...
Why Are Business Plans Important?
Everyone who owns a business should have a basic business plan detailing simple explanations about your company and your background. A business plan is crucial for businesses looking to obtain funding. The business plan doesn’t need to be completely flawless, but it does need to lay out the key ...
Which Loans Are Available to Small Businesses?
Almost all businesses that fail go under because they lack access to funding. Conversely, successful businesses succeed because they understand how to tap into affordable funding to allow low-interest rates and realistic debt. The money is yours for the taking if you know how to look for it.
...
What Does It Mean to Be a Personal Guarantor for a Business Loan?
What does it mean to be the guarantor when you sign personally for the business to get a loan? If a lender issues a loan to your business but then requires you to use the merits of your credit to secure the loan, you’re acting as the guarantor. The bad news in this scenario is that if your busin...
Understanding the Difference Between Credit Score & Credit Profile
Credit scores are a three-digit numerical system that credit bureaus have created to determine an individual's creditworthiness. These scores range from 300 to 850. Below is a simple breakdown of an individual's credit rating using this numerical scale.
300-579: Poor credit rating.
580-69...