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Posts by Novo
Operating a Business
Free Invoice Templates for Small Businesses: Your Path to Easier Billing
We’ve compiled a set of free invoice templates for small businesses, available in editable PDF, Microsoft Word, and Microsoft Excel formats. Use these professional templates to save time and tailor your invoices to your specific needs.
Managing Your Finances
PayPal Fee Calculator
Use our PayPal fee calculator to determine how much you'll pay in fees for common transaction types.
Operating a Business
Tax Myths Debunked: Small Business Owners’ Most Common Tax Mistakes
CPA Crystal Stranger covers the top 5 misconceptions about taxes that she sees when working with small businesses.
Operating a Business
How to Issue a 1099 Form
Learn what type of 1099 form you'll need, how to issue one, best practices for issuing 1099 forms, and more.
Banking 101
How Safe Is Online Banking?
Learn what an online bank is and how online banks protect their clients. Get tips on how to vet an online bank and keep your money safe.
Managing Your Finances
5 Tips to Maximize Small Business Tax Writeoffs
We asked CPA Curt Mastio for the tips he gives small business owners to reduce business taxes and avoid common pitfalls.
Managing Your Finances
How To Secure a Small Business Loan in Indiana
This guide discusses the best loan and grant options for Indiana’s small businesses.
Operating a Business
Invoicing 101: Common Invoicing Problems and Solutions
We asked Jacqueline Edwards, CEO of Business Pipeline, Inc., about the most common invoice mistakes she sees and how small business owners can resolve them.
Managing Your Finances
How To Secure a Small Business Loan in Missouri
We have researched and compiled a list of Missouri small business loans and grant opportunities you can benefit from.
Operating a Business
The Gig Economy Is Thriving: These 23 Freelance Websites Are Leading the Charge
Whether you’re a freelancer looking to post your services, or a small business owner looking to hire a freelancer, we’ve got you covered. Scroll down to check out the 23 best freelance websites out there for writers, developers, graphic designers, and more.
Operating a Business
21 Small Business Statistics Every Entrepreneur Should Know
Learning these small business statistics can help us better understand what being an entrepreneur is all about. Read on and drink them in.
Managing Your Finances
6 Tax Tips for Professional Influencers
Understand your tax obligations as an influencer with these six tips from a CPA.
Managing Your Finances
An Accountant’s Advice on How to Avoid Common Payroll Tax Mistakes
Get expert tips on how to avoid four of the biggest mistakes businesses make when it comes to payroll tax.
Managing Your Finances
Business Loan Calculator
Our business loan calculator helps you determine the total cost of a business loan over its lifetime.
Operating a Business
5 Great Podcasts for Entrepreneurs and Small Business Owners
Dig into these 5 podcasts to learn how to create an innovative product, grow your business, and become an effective leader.
Starting a Business
What Does It Mean to Be an “Entrepreneur"?
The word “entrepreneur” is often associated with concepts such as creativity, hard work, and resilience.
Starting a Business
How to Register a Business in Texas
Start on the right legal footing with your new business venture in the Lone Star State: follow these best practices to register a business in Texas.
Starting a Business
How to Get a Business License in California
Start on the right legal footing with your new business venture in the Golden State: follow these best practices to obtain a business license in California.
Starting a Business
Sole Proprietorship vs. LLC: A Complete Overview
Is it better to run your business as a sole proprietorship or form an LLC? In this article, we will explain what a sole proprietorship and LLC are, the benefits and disadvantages of each, and how to decide which suits your needs.
Starting a Business
Sole Proprietor: A Quick Guide for Entrepreneurs
Before launching your big idea, it's important to choose the right business structure. Learn what being a sole proprietor means to see if it’s the right classification for you.
Starting a Business
Do you need an EIN? How to apply for one
An Employer Identification Number (EIN) is also known as a Federal Tax Identification Number and it’s used to identify a business entity.
Starting a Business
From Side Hustle to Full-Time: How to Grow Your Business
Thinking of turning your side hustle into a full-time business? This guide walks through 15 essential steps to take when making the jump.
Starting a Business
7 Questions to Ask Your Attorney Before Starting a Small Business
Here are seven questions to ask your lawyer before starting your small business.
Starting a Business
A Complete Overview of Business Structures
In this article, we'll discuss the main types of business structures for small business owners, the pros and cons of each, and how you can determine the right one for your company.
Managing Your Finances
Working Capital: What it is, how it works and what you need to know
Learn how to calculate working capital, why the metric is important, and how to increase your business's working capital.
Managing Your Finances
What is Invoice Factoring?
Curious about invoice factoring as a way to boost cash flow? We cover what invoice factoring is, how it works, and the pros and cons.
Managing Your Finances
What Is Burn Rate, and How Do You Calculate It?
Burn rate is important for any small business owner to understand, as it measures how quickly a business is spending capital. If you’re a small business owner unfamiliar with the concept of burn rate and its implications, get our guide on how to assess this metric to help make informed business decisions.
Managing Your Finances
Top Tax Tips from Novo CPAs
While business taxes can seem daunting, or at the very least, time-consuming and frustrating, they don't have to be. Read on for tax advice from Novo CPAs.
Managing Your Finances
The Difference Between Income Statements and Balance Sheets
Learn the differences between income statements and balance sheets, how each works, and when to produce each financial document.
Managing Your Finances
Stripe Fee Calculator
Our calculator uses Stripe’s online payments and digital wallets fee of 2.9% plus $0.30 per transaction. Enter your transaction amount to see what Stripe charges, what you’ll take home, and what you should charge to account for the fees.
Managing Your Finances
Square Fee Calculator
To determine how much you’ll pay in Square fees and how much you’ll receive after fees are deducted, enter the transaction amount into our Square fee calculator.
Managing Your Finances
How to Do Small Business Accounting: Tips, Setup, and Tools
In this guide, you’ll learn how to set up and organize your company’s accounting system and how to maintain this infrastructure. We'll also share ten expert accounting tips to keep your small business running smoothly.
Managing Your Finances
A Guide to Bootstrapping Your Business Without a Loan
Bootstrapping your business without a loan challenges you to be more creative as it pushes you to make the most of your resources. Read on to learn more about bootstrapping your business if you’re an entrepreneur looking for inspiration.
Managing Your Finances
6 Easy Ways To Reduce Operating Costs and Business Expenses
Operating costs and business expenses are the costs related to running your business, such as rent, utilities, raw materials, marketing, and salaries. In this article, you'll learn how you can reduce operating costs and business expenses so you can increase profits.
Banking 101
Why Novo is the Best Alternative to Oxygen
Novo is the top-rated banking solution for small businesses, from sole proprietors to LLCs to S-Corps. See why Novo is the best alternative to Oxygen.
Banking 101
5 Best Bluevine Alternatives for Small Business Banking
For small businesses with narrow margins, it’s essential to compare fees and features across banking options. Here, we cover the top five alternatives to Bluevine.
Banking 101
Skip The Big Bank: Alternative To Wells Fargo
When choosing a business checking account, compare fees, minimum requirements, features, and integrations. This article provides an overview and comparison of the features and fees from Novo and Wells Fargo business checking options.
Banking 101
Skip The Big Bank: Alternative to Chase Business Banking
Is a big bank right for your small business needs? In this article, we'll compare and contrast Novo and Chase to help you determine which option is right for your business.
Banking 101
How Long do ACH Transfers Take?
While they aren't instantaneous like a wire transfer, ACH transfers facilitate faster payments than checks or cash and can take between 1 and 3 days to complete.
Banking 101
Rideshare Drivers and Freelancers: Here’s Why You Need a Business Bank Account
If you’re a rideshare driver, artist, or freelancer, getting a business banking account can go a long way towards helping you achieve your financial goals.
Banking 101
How to Protect Your Checking Account Against Fraud
Cybercriminals are increasingly targeting small businesses, but there are ways that you as an entrepreneur can protect yourself from fraud. Follow these tips to defend yourself and your small business.
Banking 101
How to Lower Your Credit Card Processing Fees (2023)
Learn how to lower credit card processing fees, the types of credit card processing fees, and how much popular payment processors charge in fees.
Banking 101
All You Need To Know About Overdraft Fees
Overdraft fees cost Americans cut into the profitability of your small business. Here’s what you should know about them, and ways to prevent them.
Banking 101
How to Open a Small Business Bank Account
Putting off opening a business bank account? We recommend opening one sooner rather than later. Learn how to open one and what the benefits are.
Banking 101
How to Get a Business Credit Card
In this article, we explain how to get a credit card for your small business and, most importantly, how to manage the bills.
Banking 101
7 Reasons to Keep Your Business and Personal Banking Separate
When you keep your business and personal banking separate, you’ll be in a better position to manage your finances and file your taxes. Keep reading to learn how else separating the two benefits you.
Banking 101
5 Reasons Freelancers Need a Business Bank Account
Life as a freelancer can be tough, but it doesn’t have to be. A small business bank account keeps you organized with less restrictions and more payment options. We’re going to cover five reasons why you need this type of account if you’re a freelancer.
Banking 101
7 Reasons Novo Is Your Best Bet for Small Business Checking
Novo offers free business checking accounts to freelancers, startup founders, and small business owners with no minimum balance requirements.
Operating a Business
Why Your Startup Could Benefit from an Accelerator
When a startup is looking for guidance, financial backing, and networking opportunities an accelerator program could be the way to go. Here are some reasons why your small business should consider joining one.
Operating a Business
Why Small Businesses Fail & How to Succeed Instead
Most entrepreneurs are not going to crush it from day one. Here are some of the most common reasons small businesses fail, and how you can succeed instead.
Operating a Business
Why Small Business Owners Should Practice Self Care
If you’re an entrepreneur, you need to make self care a priority. Follow these healthy practices to become a more productive and successful small business owner.
Operating a Business
Top 10 Credit Card Processing Companies for Small Businesses
How do you know which credit card processing company is right for you? This article will examine the pros and cons of our top 10 credit card processor picks for small businesses and the fees for each.
Operating a Business
What Is Small Business Saturday and What Does It Mean For Entrepreneurs?
Small Business Saturday is one of the coolest days of the year if you’re an entrepreneur. We’re here to share what it’s about, and how November 30 can give your business a boost ahead of the holidays.
Operating a Business
Top 5 Small Business Apps for Entrepreneurs
You have a better shot at reaching your small business goals with time management apps such as RescueTime, Xero accounting software, and more.
Operating a Business
The Ultimate Guide to General Liability Insurance
As a business owner, you know how important it is to protect your company from potential risks. One way to do so is to get general liability insurance, which can help cover costs that arise from lawsuits against you and your business.
Operating a Business
The Ultimate Guide to Becoming an Effective Small Business Leader
The best way to become an effective small business leader is by working with your employees. You will have to listen to their needs, set tangible goals, and more.
Operating a Business
Overdue Invoice? How To Ask For Payment Professionally (With Examples)
Struggling with unpaid invoices? Read our step-by-step guide on how to ask for payment professionally (with email examples).
Operating a Business
Creating a Routine to Help You Beast Your Week
Develop these good habits to create a routine that will help you churn out more high-quality work as you seek to beast your week.
Operating a Business
7 Best Practices to Make You a Successful Entrepreneur
Entrepreneurship requires more than just a desire to start your own business. We explored best practices and some of the most common traits shared by successful business owners so that you can adopt them into your own business playbook.
Operating a Business
7 Types of Insurance for Small Businesses
In this article, we cover seven different types of small business insurance, what each type of insurance covers, and the average policy costs.
Operating a Business
5 Strategic Investments to Put Your Small Business Credit to Work
Whether you've received a loan, a line of credit, or a merchant cash advance, a strategic and focused plan on investing your business capital will enable long-term success.
Operating a Business
4 Ways Small Business Owners Can Bring Their Idea to Execution
Bringing an idea to life as a small business owner can be challenging. Read on to learn how to execute your ideas in 4 steps. Hint: you need to have courage to be successful.
Operating a Business
5 Best Practices for Improving Customer Success for Small Businesses
Customer “service” is a term of the past. In working with entrepreneurs, we’re seeing a massive shift from customer support to focusing on customer success. Novo’s Head of Customer Success offers up best practices for small businesses to strengthen their customer success strategy.
Operating a Business
18 KPIs Your Small Business Needs to Track
Key performance indicators, also known as KPIs, are a way of tracking your company’s success in meeting performance goals. Learn which KPIs you should be tracking.
Managing Employees
The Entrepreneur’s Guide to Creating a Healthy Small Business Culture
You can build a healthy small business culture by fostering trust in your employees, hiring a “people’s person” early on, and using technology to your advantage. Read on to find out what it takes to achieve this goal.
Managing Employees
Small Business Guide to Health Insurance (2023)
We provide an overview of insurance requirements, costs and considerations, and recommendations for the best health insurance providers for small businesses.
Managing Employees
How to Hire Employees for Your Small Business: A Step-by-Step Guide
This guide covers the steps to take when hiring employees for a small business, including writing a job description, interviewing candidates, making offers, and onboarding.
Managing Employees
10 Easy HR Tips for Small Businesses Owners
10 Easy HR Tips for Small Businesses Owners
Managing Employees
11 Best Practices To Improve Your Management Skills In 2021
Being an effective manager and building excellent soft skills doesn’t happen overnight. However, we found a way to help you level up your management game by following these 11 steps.
Marketing
Staying true to your brand: From choosing a color to a thought-provoking design
How Starbucks and Google made themselves memorable through their unique names and trademarks.
Marketing
Black Friday 2019 Best Practices for Small Businesses
Black Friday is rapidly approaching, and we want you small business owners to make the most of it. Read on to learn some Black Friday statistics and tips to aid you during the holiday shopping season.
Marketing
8 Ideas for Growing Sales on Small Business Saturday and Beyond
It's never too early or late to start planning for the opportunity to drive more traffic to your business. In this post, we'll walk you through how to build your own plan and make this your strongest end-of-year yet.
Marketing
5 Ways to Create a Marketing Plan That Drives Results
Here are 5 ways you can ensure your marketing goes according to plan and that your plan drives measurable results.
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Novo is a fintech, not a bank. Deposit account services provided by Middlesex Federal Savings, F. A.; Member FDIC. FDIC insurance through Middlesex Federal Savings. Physical debit cards provided by Middlesex Federal Savings or Patriot Bank. Virtual cards and physical cards provided by Patriot Bank, N.A., Member FDIC, pursuant to a license from Mastercard International Incorporated and may be used everywhere Mastercard® is accepted. Mastercard is a registered trademark of Mastercard International Incorporated.
