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 Client Onboarding Best Practices For A Rewarding Business Partnership
Finding clients should be the hard part of business, not onboarding them. Unfortunately however, there are many business owners that simply do not have the client onboarding processes in place
How To Start A Medical Device Business In The Healthcare Market
Innovative technologies are transforming patients’ lives for the better. Often necessity causes innovation and invention, and people can combine their knowledge and business acumen to provide a healthcare solution by
5 Ways Leadership Development Programs Benefit Business Success
Professional development is always a talked about topic in business. Recently, leadership development programs have come into the conversation among employers. Many top companies have leadership development programs in place
How To Create Financial Reports That Stakeholders Find Value In
Finances are complicated, particularly when you are talking about business finances. Unlike business finance, you do not have to create financial reports for personal finance management. Producing financial reports that
5 Reasons To Move Your Business To A Different City
When it comes to moving, most people will move houses before their company’s office moves locations, but putting your business in a new location can be extremely beneficial. From harnessing
Little-Known Ways Learnerships Benefit Employers In South Africa
Learnerships help young South Africans develop work skills that can help them have a long, lucrative career in their chosen industry. These apprenticeship programs benefit future members of the workforce,
Must Have Idea Management Software Features For Business Innovation
5 The idea management process is one many business owners are familiar with, including the owners of mobile shredding companies. However, many idea management strategies are just not as effective
How To Use Life Experiences To Benefit Your Business
Life is something that’s naturally made up of a diverse roller coaster of experiences. While some of the things that happen to you will be incredible, others will be more
5 Popular Business Transformation Strategies To Keep Startups Relevant
Business transformations are a huge undertaking for any business. It is a time of uncertainty and stress for everyone involved. But, a business transformation may be the only way to
How Co-Employment Transfers Risks Away From Small Business Owners
Co-employment is a highly-debated topic in the human resources field. Many believe that companies who use contingent staffing offered by professional employer organizations, or PEOs, are taking too much risk
7 Common Cash Flow Problems And How To Solve Them
Your business can’t operate without cash – except when it must. Most businesses, especially in their early years, endure cash flow troubles, but the best business leaders know how to
How Robotic Process Automation Software Delivers 100% Data Accuracy
In business, there are always new shortcuts and workarounds being developed to maximize workplace efficiency. The latest shortcut to be developed is called Robotic Process Automation, or RPA for short.
How Online Bookkeeping Services Help Small Business Scale For Growth
Contrary to popular belief, not all business owners have innate finance management skills. In fact, this is probably one of the most common struggles of business ownership for many women