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Want to Achieve Your 2023 Financials Goals? Start Now and Get Your Team Involved.

December 23, 2022

By Lauren Owen

Imagine it’s December 2023 and you are about to stand up and thank your team for a job well done at your annual holiday party. You’re happy because you set and met many strong goals for your business this year, including your profit goals. This year’s profits allowed you to distribute meaningful bonuses to your team and make plans for investments that will help grow your business in the years to come. Yes, there were some challenges, but for once you didn’t feel like it was all on your shoulders. The team really stepped up.

As you reflect on what actions made the difference, a couple of things stand out.

13 Things I’ve Learned From Building a Startup

December 20, 2022

By Ken So

Though Silicon Valley startups are often treated as separate from Main Street small businesses, the basic tenets of starting and growing a business are the same no matter what you’re building. As the founder of a business that serves both enterprise and everyday businesses, plus a mentor to new startups, it’s been a special privilege to be able to observe and learn from business owners from all backgrounds and walks of life. Here’s advice I find myself giving a lot to new founders that I think all entrepreneurs can learn from.

Holiday inventory: Tips your small business can use to manage inventory during the holidays.

December 14, 2022

How to navigate supply chain issues, timing, buying, and more

By Danielle Higley

The holiday season is an exciting — and stressful — time for small business owners. Increased foot traffic, bigger sales goals, and the desire to turn new customers into regular patrons means more pressure than any other time of year.

Piling atop the typical challenges of entrepreneurship, business owners are faced with every conceivable balancing act: Where to put all that additional inventory when there’s limited shelf space. How to get big-ticket items out the door. Ensuring that each item is in the right place at the right time. Meanwhile, 2020 and 2021’s supply chain issues loom like ghosts of Christmases past.

Yet despite all these concerns, Dierdre Appelhans and Barbra Huntting, co-owners of The Read Queen Bookstore & Café, exhibit an admirable sense of peace and confidence going into the 2022 holiday shopping season.

Two and a half years after opening their doors in Lafayette, Colorado, they’re sharing their lessons learned. Here are four of their small business insights for retailers looking to make a holiday inventory plan.

Pattern Inspires Mother-Daughter Entrepreneurs

December 13, 2022

By Amanda Kuhnert

Mother-daughter business duo, Sophia Manzi and Gail Borden, are both artists. Sophia is a painter and Gail is a quilter. Their company, Vivace Vermont, is the intersection of these two disciplines. They produce clothing and home accessories using colorful, one-of-a-kind fabrics.

The plan was hatched on a 2019 trip to New York City. “We visited Mood Fabrics in the Garment District and it left us reeling with ideas,” Sophia said. “At a diner, we started brainstorming what became Vivace Vermont.”

Sophia and Gail have always been inspired by each other’s work. “Growing up, I’d be painting and she’d be quilting in the same room, and we’d ask each other for tips and advice when we’d run into a problem,” Sophia said. On that memorable trip to New York, the two were able to pinpoint the common denominator in both of their practices—pattern.

Next steps: Preparing for holiday shopping season

December 8, 2022

Drawing on the experience and insights of Cybersource Managed Risk Analysts worldwide, we’ve put together a series of tips to help you prepare for holiday shopping season and protect your business against fraud and risk while delivering a frictionless experience for genuine customers.

Now that you have spent some time evaluating the different parts of your business, connecting the dots, and planning next steps, let’s put it all together with tips for implementation and preparation. If you missed it, you can check out the first blog in this series.

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