Saavy cash management can boost your bottom line

April 1, 2018  |  Business, Finances, Management

Learn the basics of savvy cash management to boost your bottom line. Cash flow—the amount of money flowing into and out of your shop—is an easy concept to understand, yet not always well managed. Not every owner is aware of the impact skillful cash management has on net income, probably because …
A succession solution in employee stock ownership

October 1, 2016  |  Finances, Management

How to determine if an employee stock ownership plan is right for your company. An exit plan is generally not at the forefront of a company owner’s mind, especially at the height of career success, but it’s no less important than any other business strategy. When the time comes to step down, a c…
Case study: Expanding from one location to two

July 13, 2016  |  Finances, Management, Marketing, Sales & Services

Expanding a party and event rental business from one location to two ideally results in higher revenue, a bigger market share and more opportunities for the business and its employees. But every so often, the unexpected happens. Consider Jill Redmon, president of Montana Party Rentals in Bozeman and…
Payroll perils

June 1, 2016  |  Finances, Management

Mistakes in withholding and paying payroll taxes to the IRS can spell real trouble for small business owners. Every employer faces countless rules and regulations involving the payments it makes to its employees. There are rules that dictate when (and which) workers must be paid overtime, the amount…
Slow season survival guide

October 1, 2015  |  Feature, Finances, Management, Sales & Services

Tent and event professionals offer their expertise on extending the season, generating off-season revenue and managing year-round and seasonal employees. With the end of the year quickly approaching, many tent rental companies in the U.S. and Canada are preparing for winter and the off-season months…
As the ACA stands

October 1, 2015  |  Finances, Management

The Affordable Care Act (ACA) may be controversial but it is unlikely to be fully repealed anytime soon. It continues to provide specialty fabrics professionals and their businesses with insurance options, cost assistance and increased buying power through the government-sponsored marketplace—and …
The tax benefits of attending trade shows

August 1, 2015  |  Finances, Management, On the Job

Owners, managers and employees of tent and event rental businesses, even shareholder-employees—have long been allowed to claim an income tax deduction for the expenses of attending trade shows, conferences and meetings. Thanks to federal tax laws, the government will pick up the tab for a sizable …
Cost control

August 1, 2014  |  Finances

Tips to minimize workers’ compensation costs. By William J. Lynott Workers’ compensation costs can become a major expense. Almost every business in the United States that has employees must deal with the cost of workers’ compensation. Take these steps to help keep workers’ co…