4 Mistakes To Avoid When Choosing An ERP System
There are many benefits to selecting and implementing an enterprise resource planning (ERP) system for your business. ERP software streamlines your business processes for greater accuracy, efficiency, and profitability. However, it pays to be careful when choosing an ERP software solution for your company, as one size does not fit all. Failing to plan accordingly, vet vendors, and get the right people on the case can result in the selection of the wrong ERP software solution for your organization and a
The Basics Of An SBA Microloan For Funding Small Business
Knowing the basics behind a SBA microloan can help small business owners understand and obtain the proper funding for their company. Microloans can jump start your business’s cash flow and help increase revenue faster, so you no longer need to wonder how to make an mba worth it. The United States Small Business Association, or SBA, gives loans to small or startup businesses through a microloan program. If you are starting a new business or looking for a new source of
5 Steps To Finding Legal Advice For Small Business
As the manager of a small business, you will need a lawyer. Even at the very start of your time in business you will need legal advice and help along the way. Beyond protecting you from lawsuit, lawyers are needed to draw up contracts and incorporate your business way before the S Corp filing deadline. However, for many just starting out in business, finding a lawyer can be daunting. It might seem like hiring one is being pessimistic. It will certainly
How To Make Tax Deductible Donations While Helping Others
Did you know that your charitable donations could be tax deductible? You can get a tax break while helping other people, an ideal situation for most business owners. Your business can easily make tax deductible donations, but there is a specific process you need to follow to take advantage of this. Here’s how to make tax deductible donations for your company. Pick A Place The first step in making a charitable donation is picking a place. It’s important to pick a
5 Criteria For An Executive Placement Firms That Attracts Talent
In today’s hyper-competitive job market, many businesses find they need extra help filling open executive positions. In response to all the HR news, the number of executive placement firms has exploded. However, an HR department looking to fill positions might wonder which is best. Ideally, the new hire picked will affect your company for years. So, choosing the firm that finds them is equally important. Fear not, there are a few signs to point you toward the one you need. Here
How To Optimize Complementary Products And Goods In Your Business Plan
A great way for a company to increase its sales is through complementary products. These are products that enhance or play an essential role in a primary product. For example, razor blades are a complementary product to a shaving razor. However, this sort of cross-selling can often backfire if not done right. Any business team developing a complementary product plan should remember these best practices to optimize their implementation plan. Complimentary Products Pricing When developing complementary products, remember the pricing should
What Happens When A Contractor Is Injured On Your Site?
Big builds, or small builds; organizing a construction project presents unique challenges. First, you need to have enough capital on hand with a construction loan. Then, you have to prepare to complete the project. From handling site logistics, to directing the workers, a smooth operation can fast become a bumpy road if important details are overlooked. So can you safely say you are prepared in the event that a contractor is injured on your site? Would you know the process, or
5 Attributes That Talented Business Coaches Have In Common
A business coach is a senior figure, usually a successful businessperson themselves, who can teach you new ways to improve your business and advise on decisions. However, there are somewhere near 53,300 business coaches today according to the International coach Federation. At a cost of hundreds an hour, you might wonder whether the cost will be worth it compared to the various management certifications available. For the modern entrepreneur, the world can be a lonely and worrying place without a coach.
5 Lessons Your Excel Online Training Course Should Teach
Everyone related to marketing and business know that Microsoft’s Excel program is probably one of the most powerful programs in the modern computer toolkit. It’s ability to organize and present data has completely changed the world since its first appearance. However, Excel takes the phrase “Easy to Learn, Hard to Master,” to a bold extreme. While most people can learn the basic of building a spreadsheet in a few minutes, many grow frustrated by all the additional tools and shortcuts they
How These Business Writing Rules Transform Your Skills
At heart, all good business comes down to communication. The ability to convey ideas correctly and convincingly is essential. As a result, an aspiring businessperson needs to be gifted in communication to expand a business. There are already plenty of manuals about how to handle a business meeting. However, are you as good in a business letter? Being a good business writer is so overlooked, yet billions of dollars are lost every year due to bad writing skills. Fear not though,
What Type Of Company Life Insurance Benefits To Offer Employees
In the business world, a group life insurance policy is considered a common benefit. It is inexpensive for a company to provide. The premiums are low and within the reach of most employees who can properly manage their credit or debit. Most importantly, once started, they are simple for an HR department to administer. However, for an HR team looking to set up a group life insurance for their company’s benefit package, there are a few factors that could radically change
5 Solutions To Optimize Call Tracking For Customer Interactions
In the past decade call tracking has become an essential tool for marketing. Call tracking uses separate phone number for each of a business’ ad campaigns. This means a company can determine which specific ads attract customer. However, many marketing professionals still wonder if call tracking can do more for them. The answer is yes. Call tracking can be the cornerstone of dynamic sales strategies and marketing plan. Here are 5 ways call tracking can be optimized to produce a better
How To Say Farewell To A Retiring Employee With A Party
Retirement is something that people dream of for years. But when the day finally comes to clock out for the final time, most people feel a twinge of nostalgia and momentary concern. As an employer, you can ensure they feel loved and supported by hosting a touching farewell ceremony. Throw A Meaningful Retirement Party There are certain phases of life – transitional periods where you put something in the past and expectantly look towards the future. Whether it’s getting married, raising
5 Best Ways To Win Construction Bids Without Sacrificing Profits
Before any construction work can begin, construction companies must first secure a project by winning a construction bid. A bid in construction is the method of submitting a proposal (or
5 Small Office Rental Space Design Ideas For A Functional Workplace
Businesses that operate in small office rental spaces often struggle in the productivity department. As a business owner working in a small office rental, you can continue working out of
5 Steps For Forming A 501c3 To Give Back To The Community
At some point, business owners eventually reach a point of success where they feel like they are in a good place to give back to their communities. Forming a 501c3
Why Is Business Process Automation Crucial To Your Business?
If you take an honest look at your business organization chart and how it is operating, it may not surprise you that a few key issues may glare back at
5 Best Market Research Database Tools To Increase ROI
Market research databases offer key insights to consumer preferences and behaviors. These choices could lead to a successful product. When developing new products, these databases can increase your return on
5 Best Business Card Scanners Features For Optimal Promotion
Business card scanners allow business owners to take advantage of the new connections they make. As a business owner, you are making new contacts all the time. Business card scanners
How Zine Marketing Could Spark An Opportunity For Modern Brands
Branding is all about establishing an identity and making that identity visible to the right people. But with so many of today’s marketing “best practices” being overused, it’s hard to
How Law Office Software Improve Productivity At Your Firm
Law office managers are always looking for ways to boost efficiency. After all, office spaces require specific factors to create productive environments. Legal work requires huge amounts of paperwork. As
5 Strategies To Negotiate Your Restaurant Lease Agreement
Possibly the most well-known single piece of advice for any aspiring entrepreneur is the age-old adage of “Location, location, location.” Choosing the right spot can make or break a restaurant
The Need For Proactive IT Infrastructure Management Is On A Rise
The need to keep all infrastructure running at their top functionality is giving rise to proactive IT infrastructure management. When you are able to keep all the systems and networks
Easy Small Business Money Management Tricks For First Time Entrepreneurs
Managing finances for a small business can be an overwhelming task. This is particularly true for entrepreneurs who are new to owning a business. Realistically, business owners have to learn
How To Get Funding For A Nonprofit
The most important thing you need when running a business is capital. When the business you’re running is a nonprofit, it can make acquiring the capital you need even more
5 Reasons Independent Lending Might Be Worth The Risk
According to the old adage, it takes money to make money. In the world of lending, this is basically true. A lender takes a chunk of capital, builds a system,