Every business, large or small, is established with the motive of profit-making. Successful businessmen have their own signature style of managing their business. Service or manufacturing, there is always scope for improvisation in order to increase the efficiency of the resources that would enhance a business’s bottom line. However, charging a higher price for a product or service to your … Continue reading
Most small business owners were feeling optimistic at the start of the year, according to a Gallup/Wells Fargo poll. The vast majority felt their prospects for 2014 were better or about the same as they were for 2013. The primary concerns for those not feeling optimistic were the Affordable Care Act, the overall health of the economy and the perpetual … Continue reading
Many small businesses are so engrossed in dealing with the daily functions of their businesses that they don’t ever give a thought to income tax until the filing deadline begins to loom. It often results in last minute stress filled attempts to get the receipts and other relevant documents in order. This could be avoided if you include a year … Continue reading
There have been several instances of credit card fraud taking place. It’s important that you put in place measures to prevent this menace. We look at ways to minimize or prevent credit card fraud. It has been estimated by the Federal Trade Commission that close to 9 million Americans suffer identity theft annually. The identify theft occurs when your personal … Continue reading
An invoice is an important business document regardless of the type and size of the business. You can rightly define an invoice as a document that you as a small/medium/large business owner would send to your clients or customers intimating them that the payment for the services your firm rendered is due. A professional yet simple invoice template will outline … Continue reading
Why do you need a business plan? Many start-up entrepreneurs may think that having a business plan is not necessary at the initial stages. However, they are wrong because a business plan is an important document which helps in analyzing your immediate and future plans, project implementations, systems, processes and budgeting. In brief, it is the bible of your enterprise. … Continue reading
If you are a small business owner, then you know that every penny counts. Here are five ways to cut business costs. Introduce Telecommuting to your firm – Nowadays many employees prefer telecommuting as it gives them flexibility to their working hours. It saves them traffic time, fuel and vehicle expenses. The business benefits by not having to invest in … Continue reading
The year 2013 will see many small businesses invest in SaaS (software as a service) to enhance business operations. Both established small business units and startups have seen the productivity of large-size companies multiply in the recent years because of big data and SaaS applications. Small businesses are aware that implementation of SaaS can help gather data from various social … Continue reading
Managing your business credit is one of the most challenging things you’ll do as a business owner, especially as you’re in the beginning stages of launching your business. It’s also one of the most important things you’ll do as a business owner who’s fairly new to the game. Over time, you’ll learn through trial and error exactly which financial strategies … Continue reading
As a small business you have to be prepared for anything from extreme growth to bankruptcy. And, though you can write a business plan, get money from investors, or prepare for the worst, sometimes, an emergency situation leaves you needing more; that’s when emergency business funding becomes necessary. Whether an important piece of equipment breaks or you’re lacking funds for … Continue reading
