3 Common Exit Strategies For Small Business Owners

Ready to sell your small business? Planning to pass it on to a member of your family? Maybe a longtime employee wants to buy the business from you when you retire? One thing is certain, eventually, you will exit your small business and there are a number of options to consider.

Exit strategy

Do you Have a Plan in Place?

How and when you will exit may not be top of mind right now. After all, running a small business takes a lot of time and energy. If this describes you, you are not alone. Studies show that between 50% to 85% of small business owners have no formal plan to exit their business.…

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Tips For Fashion Business Management In 2022

Are you thinking of starting a fashion business in 2022? Or are you an established fashion entrepreneur? Having a fashion brand is a noble idea, but one that may be challenging if not well managed. So, before you dive in fully, make sure you have handy business management tips for cushioning you against unavoidable challenges.

Fashion business management

According to Forbes, the fashion industry will experience considerable innovations, thanks to technology and dynamic customer trends, among other factors. Key innovations that will set a promising future include data analytics, sustainability, design simplicity, and digital sales.

With these promising growth prospects, it would pay off to consider valuable aspects that will help you manage your fashion brand.…

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How To Manage Business Membership Programs

Recently, businesses have been shifting their operation models to keep up with the ever-competitive market. One model that’s easy to notice is new businesses putting more emphasis on inviting more members by establishing membership programs. These programs require a business to continue delivering the needs and desires of its clientele in exchange for their loyalty and a fee.

Business membership programs

All types of businesses can introduce a membership program. However, managing it for success can be a real challenge. Remember, this comprises different levels and ca,n therefore, become challenging to manage, especially as your business grows.

So, how can you manage your membership programs like a professional? …

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How to Better Understand Quiet Quitting and Tackle Its Effects with Employee Tracking System

The Quiet Quitting trend started after a short video on TikTok, only to explode across the Internet and media in the past couple of weeks. This phenomenon isn’t about quitting your job, it’s more about refusing to idolize the hustle culture and being available for work 24/7.

Quiet quitting

Simply put, advocates of quiet quitting don’t want to go above and beyond at work, trying to impress their bosses with high productivity, efficiency, and performance. They want to regain the work/life balance, doing only the tasks that fit their job description within set hours.

And you, as a manager, may wonder where this strong employee reaction comes from, what the causes of this quiet rebellion are, and what you can do if the quiet quitting starts affecting your productivity and business success.…

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Workplace Accidents That Can Put You Out of Business

Most U.S businesses and organizations have employee compensation programs that protect employees and employers. Under these programs, employees are compensated for medical expenses and loss of income following an accident, while businesses mitigate expensive and lengthy workplace injury lawsuits.

Workplace accident

Most workman’s compensation cases don’t require individuals to prove the party at fault. Employees also lose the right to file lawsuits against businesses for pain and suffering. Instead, it covers random workplace injury cases resulting from ordinary negligence.

However, the immunity of businesses and employers to lawsuits is not absolute. A successful personal injury lawsuit is costly and can affect your business.…

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A Spring Cleaning Checklist For Your Company Office

Maintaining a clean and neat working environment is one of the keys to boosting employee morale and productivity. According to a recent study conducted by Staples Corporation, 94% of employees felt more productive in a clean workplace, while 77% thought they produced higher-quality output because of a clean work environment.

Office cleaning

But beyond enhancing productivity and employee morale, having a clean company office brings additional benefits, including:

  • Safeguarding your employees’ health
  • Minimizing hazards in the workplace
  • Providing a good impression for your visiting clients

One way to maintain a comfortable workspace and a clean company office is conducting an office spring cleaning.…

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Buy Shipping Containers in USA

Shipping containers and containerization aren’t some things that most people, even supply chain managers, think about that much. That’s not surprising, as these containers are so ubiquitous it’s easy to dismiss regardless the fact that they have actually revolutionized world trade.

Shipping containers

Since containerization was introduced, it’s turn out to be a critical phase of supply chain infrastructure, and it’s well worth digging into the statistics in the back of containerization a little more.

Here are the answers to the questions you may have about containers, containerization, and how they facilitate the movement of merchandise from A to B in the ways that are as environment friendly as possible.…

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Why You Need an Accountant

If you are self-employed, it’s important to ensure you have professional help when you do your taxes. Sure, you can do it yourself, but if you don’t have enough experience, that might be a bad idea.

Small business accountant

However, did you know that there are bookkeeping services for small business owners that can assist when it comes to getting a loan, reviewing your documents, assisting with succession and estate planning, and even providing services as a virtual CFO?

Since accounting has to do with interpreting data regarding a company or individual’s operations and finances, a certified public accountant (CPA) is also a critical part of your team of financial advisors.…

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How to Verify Buyers for my Online Business

In order to make sure that your online business is successful, it’s important to vet your buyers. By verifying the legitimacy of your customers, you can protect yourself from scams and ensure that you’re doing business with honest people.

Verified buyers

There are a few different ways to verify potential buyers, and each has its own benefits. So, how can you go about verifying your buyers? First, let’s investigate some methods.

Establish a Process for Verifying Buyers

As any online seller knows, the risk of fraud is always present. Whether you’re selling products or services, there’s always the possibility that a buyer will try to take advantage of you.…

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Things to Consider Before Starting a Business

Every day, people all over the world decide to start their own businesses. The dream of owning your own company, being your own boss, and setting your own hours is powerful. And it’s a dream that can come true – but only if you take the time to do your homework first.

Business operations

photo credit: Mikael Blomkvist / Pexels

There are countless things to consider before starting a business, from the initial planning stages to the day-to-day tasks of running the company. This article will provide an overview of some of the most important factors to think about before making the leap into self-employment.…

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