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The Pros and Cons of Virtual Credit Cards for your Business

Companies are continuously looking for ways to improve how they manage their spending, to increase cost-efficiency and the effectiveness of the process.

An aspect of this that’s risen in popularity in recent years, is the use of virtual credit cards, which offer an innovative way to better manage your corporate spend.

Virtual credit card

However, as with any new software for your business, it’s important to first understand every aspect of these virtual cards, before deciding to implement them into your company.

Therefore, this article will take you through what virtual credit cards are, as well as the pros and cons of using them in your business.…

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Starting a Business? 7 Important Documents Every Business Owner Needs

Do you fantasize of becoming a businessman and opening a company? Given that many of the best company ideas originate from a person’s passion for a pastime, it might not seem so insane.

Business documents

photo credit: 2H Media / Unsplash

Creating your own business consists of several main stages: finding and formulating an idea, choosing the legal form of a legal entity, drawing up a business plan, finding sources of funding, obtaining permits and licenses. Getting the necessary documentation in order is one of the initial tasks. However, only collecting and preparing documents for starting a business will be somewhat more difficult than solving similar everyday issues like getting a passport photo using photobooth online for Rite Aid, which made life much more easier.…

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How to Create a Heat Map for your business

One of the most popular ways to analyze data sets is with Microsoft Excel. The spreadsheet holds several different functionalities that are useful for businesses, but when it comes to visualizing the location data, it often lags behind other options.

Maptive heat mapping tool

image source: Maptive.com

Currently, an increasing number of businesses are turning to map software to create a visual representation of their information and data. Although Excel can perform this task, different mapping software is often more user-friendly and robust. This interpretation is beneficial when it comes to heat mapping.

What is a Heat Map?

The heat map uses shades to highlight data densities within a given area.…

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Differences Between Dripify and Octopus CRM LinkedIn Automation Tools

When you start using any automation strategies for your LinkedIn account, the most important decision is to choose the right tool between Octopus CRM and Dripify. Although both offer an amazing set of features, they are somehow different from each other.

LinkedIn automation: Dripify vs. Octopus

 

Octopus CRM is one of the all-in-one LinkedIn automation platforms designed for business owners, marketers, and recruiters. Whereas, Dripify is specially curated for salespersons, which has improved prospecting quality and can close much more deals by running a suitable campaign. So now comes the major question, which tool is appropriate for your business?

Don’t worry. This guide will clear all the doubts that will help you decide on the appropriate tool.…

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DAM vs PIM vs PDM: Which is The Right Solution for My Business?

We now live in a world full of data, but there’s no point if it is stored in different places, making it challenging to retrieve them, let alone use them effectively.

Digital Asset Management (DAM)

If you’re looking for a new way to organize and manage your data for your business, you may have come across these three acronyms tossed around, DAM, PIM and PDM. But what do they mean? And which one is right for your business?

Digital Asset Management for businesses

Digital Asset Management (DAM) systems are designed to help your business manage digital assets – documents, images, videos – in a way that makes them accessible and easily searchable across different devices.…

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What Qualifies as an Itemized Deduction

Like most people, you probably think of deductions as a way to reduce your taxes. But that’s not quite what they are. A deduction is a tax break that allows you to take an amount of money out of your taxable income and use it to lower your overall taxable income.

Itemize deductions

These Types of Deductions can be Either Personal or Business Deductions

Personal deductions include things:

  • Medical expenses (deducting them can help reduce your taxable income by up to 40% if you’re a high-income earner).
  • State and local taxes (deducting them can help reduce your taxable income by up to 40%).
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Managing The Costs of Company Cars

Company cars are an invaluable resource for many businesses. They can serve as team member perks or provide a means of transportation for operational purposes. However, acquiring and sustaining business vehicles is costly, mainly when working with a small budget. Ultimately, finding ways to keep these expenses to a minimum is ideal. Continue reading for advice.

Company car insurance

Go Electric

The cost of electric vehicles has dropped significantly since they were introduced to the market. There are also more vehicle types to suit your budget and company needs. From compact and economy cars to SUVs and trucks, you can purchase an environmentally-friendly vehicle at a low rate.…

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On-premises vs. Cloud LMS: Which One to Choose?

Nowadays, every firm is turning to eLearning for its training and development requirements. But consumers are frequently unsure about the type of LMS they should select from the plethora of companies in the market.

Using LMS platform for learning

photo credit: Ivan Samkov / Pexels

There are traditional on-premise LMS and modern cloud-based LMS. But which one should you choose for your business?

The wisest response would sound a little frustrating: “It depends on your e-learning needs.” That is why it is essential to understand your own requirements and how certain features can help your business before selecting an LMS.

There is no one-size-fits-all answer to this question because business organizations have different goals to achieve with an LMS solution.…

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The 3 Best Ways To Reduce Your Food Truck Expenses

Having a food truck business is not such a crazy idea as it was in the past. There are a lot of people that are making a lot of money doing it and are loving what they do in the process. It’s a great opportunity to do things that would be too difficult in a restaurant. For instance, you can have your entire menu based on recipes made with US soy fed beef such as tacos or barbecue. Or, you can focus on a certain ethnic cuisine.

Food truck business

One thing that every food truck owner should do, however, is find ways to save money.…

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The Positive Impact of Treating your Employees Fairly

Everyone working for an organization must have fallen prey to favoritism at some stage in their careers. We must have that manager who doesn’t ensure uniform opportunities for every employee or play biased games. Hence, the feeling of non-recognition could make you feel highly undervalued.

Treating employees fairly

This discriminatory treatment of employees is highly detrimental to the workforce’s efficiency and morale. Also, this workplace favoritism feels the worst as it eventually lowers employees’ productivity! This is why employers understand why treating every employee equally breeds a positive workforce and boosts company success.

So, are you looking to know some positive impact of treating your employees fairly?…

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