How Does An LLC Business Structure Limit Liability?
One of the main reasons why a limited liability company (LLC) is a desirable business structure is clearly because it “limits liability;” but in what way and to what extent does it limit it? Understanding the answer to this question will be a big factor in determining whether you want to upgrade your sole proprietorship to an LLC. There are 10 times as many sole proprietorships that file a DBA compared to LLC filings in the US, and the reason is
How An Ecommerce Business Consultant Works For Startups
Ecommerce startups often need help and advice to establish themselves. With a crowded market and limited capital, startups constantly risk failure in their first few years. To solve this, many of these startups turn to ecommerce business consultants. As the owner of ecommerce startup, you might wonder if these consultants are worth the cost. However, these consultants can provide you with services that you might not be able to access without them. Here are five ways that an ecommerce business consultant
How To Start A Podcasting Business With Consistency
Podcasts are an exciting new medium in the entertainment industry. Podcast listenership continues to rapidly expand. In response, many podcasters have turned a profit by monetizing their podcasts. For the new entrepreneur with a personal podcast, this new industry can be a great chance to make money by being creative. However, having a podcast and having a podcast business are two very different things. If you want your podcast to profit, you need to navigate the market carefully. These five steps
How To Form Legal Startups In The Growing Cannabis Industry
As states continue to legalize marijuana, there is an increase in demand with a shortage of supply. This makes for a great environment to start a cannabis business. Millions are attracted to these startups to buy cannabis. Since the business model is highly profitable, many startups are entering the space. To help entrepreneurs who are starting out in the cannabis space, we got some tips from MJ Freeway on what startups in cannabis should be doing to build a successful business.
How To Get The Most Out Of Your Business Secured Credit Card
A business secured credit card is an important tool for building or rebuilding a business’ credit score. When business funding is hard to acquire, a business secured credit card uses the card holders saving account as collateral for the card’s line of credit. This means the bank will not need a credit score from the cardholder, since the deposit covers their risk. For first time business owners, these cards can be a great way to establish business credit. Without this credit,
How To Create An Effective Rewards Program For Repeat Customers
A rewards program can be a useful marketing tool for any retail company. By rewarding purchases, these programs help retain customers and encourage them to buy more. This is also cost effective for popular business companies. It costs, on average, a business 5 times more to acquire a new customer than it costs to retain an old one. As a result, rewards programs have become common throughout the retail sector. The problem is the average consumer only uses around 6 of
6 Popular Ways To Make Your Business Website Stand Out From The Rest
During the early days of the internet, it really felt like every business had its own unique website. Everywhere you went – even if it was to different competitors offering the same basic service – there was a strong sense of identity there, and a sense of who you were dealing with as both an individual and an entity. These days, much of that uniqueness is gone. The success of services like WordPress has left a number of sites looking almost
How To Analyze Your Competition For Market Opportunities
The biggest concern of a business owner is their competition. No matter what field you’re in, there is someone out there who could potentially take your customers. Businesses have to work hard to stay ahead of the competition, paying attention to what is going on in the market. Competitor analysis tools have been created, but for those who want to do their own research, there are a few simple steps to follow. Business owners should be able to conduct their own
5 Franchise Financing Solutions To Start Your Business
Franchise financing can be difficult, but there are many funding options available for the potential franchiser. If you own a business and are looking for a way to expand your operations, franchising is a possible opportunity. There are several solutions for franchise funding. Read on to find the one that works best for your business. The Franchisor Company It may sound obvious, but one of the most common sources of franchise financing is a franchisor or franchisor financing company. Many U.S.
How Obtaining Car Loans Is Beneficial To Limited Credit Buyers
No one can deny that a vehicle or an automobile is one of the most indispensable amenity/asset of an individual. In modern day of professionalism and mobility, one would not be able to survive in absence of this lucrative amenity. However, acquiring a vehicle would never be easy. Why? This is because it always demand immense spending of dollars. Yes, acquiring a personal or company car is capital expenditure which one usually make only few times in its life. But with
5 Steps To Business Succession Planning For A Smooth Transition
One of the toughest management challenges for a small business is successful succession from one owner to another. It is so challenging that most small businesses don’t survive it. For the owner of a small business, it’s important to treat your succession as a process, not an event. It’s also important to plan for your succession early. A business succession will take several years. It will also involve an array of issues both personal and professional for you and your business.
How To Turn Your Small Business Into A Lead Generator Machine
The success or failure of many small businesses is dependent on finding individuals likely to become customers, also known as “Generating Leads.” However, traditional lead generators have proven more and more ineffective as the marketing space becomes saturated and consumers grow more media savvy. For brand-new small business owners, this quest for lead generators is essential to grow your business. By using the 5 tips below, you can build lead generators that will ensure a steady stream of new customers. Know
These Essential Business Services Cost Less And Do More Than You Realize
Are you a micromanager? You’re not alone. Many entrepreneurs, perhaps most, struggle to delegate effectively. Micromanagement has all sorts of unintended consequences, such as poor resource utilization. When you micromanage, you’re “constantly putting out fires, rather than focusing on the larger tasks that only you can perform,” says the Forbes Coaches Council. Unlearning hands-on management habits is especially tough when the time comes to delegate to outside contractors and third-party service providers. How can you trust someone with whom you have
How To Calculate Food Cost For Restaurants To Optimize Margin Percentages
There are several key steps to calculate food cost for restaurants to optimize percentages. Food cost percentage is the total money used to buy food divided by the total amount
The Pros And Cons Of A Domestic Limited Liability Company
A limited liability company (LLC) is a business structure you can choose to adopt as an entrepreneur. The other structures include sole proprietorships, partnerships, and corporations. Each of these structures
5 Ideas For High Profit Food Items Often Overlooked By Restaurants
There are many ideas for high profit food items that are often overlooked. High profit items require desirability, highly efficient sourcing, and reasonable prep time. Data provides insight into which
5 Inspirational Promo Video Ideas To Make Your Event Stand Out
There are many inspirational promo video ideas to make your event stand out. More than four out of five marketers say they’ve been assisted in gathering leads by video. The
5 Tips To Avoid Costly Plumbing Repairs
There are several key steps to avoid plumbing repairs at your productive business workplace. Some plumbing repair situations are unavoidable. But while each plumbing fixture has its lifespan, you can
How To Integrate Popups For Sendgrid To Connect With Your Customers
There are several key steps to integrate pop-ups for Sendgrid to connect with customers. Pop-ups increase a customer base and drive engagement. Growing an email database through pop-ups gives a
5 Top Ideas To Drive Weekday Restaurant Traffic Efficiently During Slow Times
There are many great ideas to drive weekday restaurant traffic efficiently during slow times. Weekdays in the restaurant business can be drastically different from their fast-paced weekend counterparts. Empty seats
How To Edit Product Photos For Your Online eCommerce Business
Ecommerce businesses know how to edit product photos to increase online sales. Without a brick-and-mortar store, product photos are crucial to your ecommerce business. Clear, detailed photos are the next
5 Best Reel Templates On Instagram To Create Engaging Content
There are many reel templates on Instagram to create engaging content. Instagram reels have taken over the scene of social media marketing strategy. Engage your audience and expand your reach
5 Simple Product Video Examples For eCommerce Conversions
There are many examples of simple product videos to make eCommerce conversions. Video is one of the best ways to engage customers on any advertising platform. Highlighting a product with
How To Formulate A Winning Marketing Strategy For A Political Campaign
Follow a few important steps to build a winning marketing strategy for a political campaign. Political campaigns are responsible for capturing the hearts and minds of voters in a specific
5 Best Customer Loyalty Programs Tools And Software For Small Business
There are an abundance of loyalty program tools in the market to choose from. These tools use various means to incentivize patrons to keep coming back to already beloved stores
5 Best Practices For Standard Email Signature Sizes And Dimensions
There are several best practices for how to write a standard email signature sizes and dimensions. The right sized email signature can be the difference between a good and bad