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
How To Use Bubble Wrap In Bulk Shipping Quantities
eCommerce has redefined how we do business. In the past 10 years, we have seen shipping costs drop as companies use Magento enterprise and shipping to fulfill orders. On top
Best Teaching Methodology Managers Use To Grab Attention
Everyone learns differently. Whether at the workplace, in a conference or professional course, business requires constant learning. Often times, it’s the role of managers to educate and teach their teams.
How To Create Business Slogans Customers Will Remember Forever
If you are just hitting the ground running on your new business idea, you are going to need some help along the way. One of the most important things to
5 Ways Urban Planning Software Can Help Business Boom
Urban planning software simplifies the job for any city planning. However, there are also some additional benefits to the use of these software solutions that may benefit all business owners.
5 Workplace Safety Tips That Every Business Should Know
Safety is a factor that should definitely be a priority in the workplace. The safer employees feel in a work environment, the more productive they become. Creating a safe environment
Lessons Bargaining For Advantage Reveals On Business Negotiation
Written by Professor G. Richard Shell, Bargaining for Advantage: Negotiation Strategies for Reasonable People is a top selling negotiation book. As a professor at Wharton School of Business, the book
Why Hiring Growth Hackers Helps Startups Reach Growth Goals Sooner
There are many articles available online that talk about the ever-growing presence of growth hackers in business. However, many of those articles are targeted at the growth hackers themselves, not
Could Invoice Finance Save Your Business?
Invoice finance is a useful tool used by a number of businesses in the modern age. It involves selling your customer invoices to a third party (the factor) for a
Try A Recurring Revenue Model To Generate Consistent Cash Flow
Most businesses struggle to stabilize their cash flow. Their are many accounting, managerial and strategic benefits to having consistent revenues. As you can guess, a recurring revenue model is one
Top Business Strategies That Work To Out-Grow Competitors
In management, business strategies are the key component to meeting long-term objectives. They allow managers to dictate the direction of the business. However, strategy and execution don’t always align. To
Dealing With Debt For Business Owners Thinking About Bankruptcy
If you are a business owner in debt, you are not alone. According to CNBC, US households have over $16,000 in credit-card debt alone because many rely on credit cards
Major Employment Law Basics For HR, Social Media And Production
Business law requires a constant update on what are the rules and regulations of your industry. More specifically, employment law has a major impact on a business. Every business owner
5 Simple Joint Accounts To Open In A Business Partnership
Joint accounts allow two or more people to own a bank account. Typically, joint accounts can be traditional bank accounts by definition, virtual bank accounts or digital bank accounts too.