S Corp vs LLC: What’s the Difference and Which One Is the Best Fit for Your Business?
Congratulations on starting your own business! Before we get to the exciting bit, running your business and making your fortune, there is some admin to take care of. You’ll have…
Business Owner Hack: How to get a PPP loan
If your small business has been hurt by COVID-19, you can get help from the SBA Paycheck Protection Program. Sign up for NorthOne and we can help you get your…
What Is Gross Profit Margin?
Gross profit margins are not exactly stimulating dinner party conversation. But when it comes to managing the finances of your business, having a clear understanding of your gross profit margin…
The Ultimate Guide to Opening a Coffee Shop
Does your life depend on the fruity and floral aromas of an Ethiopian roast wafting through your kitchen during your 6 am wake up call (and 2 pm pick-me-up)? Is…
How to Start a Food Truck
When you think “food truck,” what comes to mind? Is it the image of a 14-foot tall tin box at the local state fair, serving up greasy burgers and fried…
The Legacy of Racism in the Banking Industry
*We are committed to deepening our understanding about the systemic anti-Black racism in the banking industry in which we work. However, instead of simply reflecting on history, we are compelled…
What is a Mission Statement and How to Craft The Perfect One for Your Small Business
After all the hard work of registering your business structure, setting up business bank accounts, growing your team, and refining your product and ideas, your business has come into focus….
The Small Business Owner’s Guide to Small Business Tax Deductions
As a small business owner, you work hard for the money you earn and every penny matters. Tax deductions can help minimize your overall income tax bill, which might increase…
DBA Meaning: What is DBA and Why it Matters to Your Small Business
As you become familiar with the life of a small business owner, you will run into some jargon along the way: ASM… After Sale Marketing EPOS… Electronic Point of Sale…
How to Write Your Small Business’s Profit and Loss Statement
You can’t have the fun parts of running a financially successful small business without the nitty-gritty of financial management too. A profit and loss statement (P&L) is an important reporting…
What is an Invoice?
When you pour your heart and soul into your small business, you want to see a reward for your hard work. Yes, the satisfaction and support of your customers are…
What is a Balance Sheet?
We know running a business can feel like you’re juggling a thousand responsibilities. While we know all business owners are heroes, you’re still human at the end of the day….
What is an Income Statement?
From learning about 1099 Forms, picking up bookkeeping tips, and figuring out how to calculate a cash flow analysis, it’s easy to feel overwhelmed when starting your own business. But…
How To Get Your SBA Paycheck Protection Program Loan Forgiven
Since the Paycheck Protection Program (“PPP”) was announced, our team at NorthOne has been working around the clock to make sure that every small business has the opportunity to apply…
How Long Does a Mobile Check Take to Deposit?
You worked hard to serve your devoted customers. You managed a team of employees, diligently tracked inventory, and stayed on top of vendors. Vendors whose supply is important to your…
