Shipping Prices Set to Rise in 2017
A few months ago, we shared with you our tips for using dimensional weight shipping to cut your business’s mailing expenses. Recently, commercial mailing companies have made some big changes to how they price your packages. Here’s how these changes might affect your company and your shipping budget. Two of the biggest shipping companies in […]
How Silverback Can Help Your Nonprofit Organization
At Silverback, we are devoted to helping business find ways that they can cut their expenses and improve their profits. Another passion of ours is helping non-profits and giving back to our community. Recently, we had the opportunity to give back in a big way. This month, we presented the United Way of Elkhart County […]
Cost Management Industry Focus: Restaurant & Hospitality
Margins in the hospitality industry are tight; some of the tightest around. Because of this, it’s incredibly important for these types of businesses to closely monitor their expenses, and do all they can to cut costs. However, when you’re focused on the day-to-day task of running a restaurant or other hospitality business, it can be […]
New Overtime Law Overturned by Federal Judge
Business across the country have been busy adjusting for changes in overtime laws that were set to take affect this month. The salary level that makes an employee exempt from overtime pay was greatly increased. Under the new law, an employee must make at least $134,004 to be considered for the “highly compensated employee” exemption. […]
The Bottom Line: Preparing to Sell
Business owners decide to sell for any number of reasons. Some have extenuating circumstances, some are looking at retirement, and some simply decide they want to move on to something different. Whatever the reason, all these business owners have one thing in common: they want to be able to get as much as possible for […]
Dealing with Rising Recycling Costs
Environmentally conscious business owners can sometimes find themselves in a tough position. It can be hard to balance a concern for the earth with the need to keep costs low. This struggle shows up in many areas (including energy costs), but is particularly noticeable in recycling, where costs are on the rise. Many businesses would […]
Switching Banks Could Be Worth the Hassle
When the topic of switching banks comes up, many people’s minds jump to one word: hassle. The perceived work and inconvenience of switching accounts from one institution to another keeps many people and businesses from making the move. However, doing so can mean big savings for your business. Could your business benefit from switching banks? […]
Changes to Overtime Laws Coming This Year
2016 has been a big year for changes to employment law. In July, many states were affected by laws that raised the minimum wage, sometimes as high as $15 an hour. In December of this year, another law goes into effect nationwide that changes how overtime is paid to salaried workers. Effective December 1, 2016, […]
Cutting the Cord | Telecommunication Options and Their Costs
No matter your industry, communication is key. These days, the communication needs of a business have moved beyond phones and fax machines to include high-speed internet, cellular phones, GPS, and other technology. These tools are a huge asset; but they also come at a cost. Because communication is so important, telecommunication costs often represent a […]
Minimum Wage Increases Seen Across the US
In July of 2016 states all over the U.S. enacted increases in the minimum wage, some as high as $15 per hour. This jump means big changes for business owners who employ hourly workers, and many will find themselves having to take a closer look at budgeting and financing. How can business owners meet these […]