POST CATEGORY : Management

Why Outsourcing Your Accounting Makes Sense for Small Business Owners

Were you aware that out of all the new businesses established each year, that only 20% of them make it through their first year? And of that twenty percent, only half of them survive 5 years. Even though there are plenty of reasons why they don’t succeed, in many instances it relates directly to finances.

As money is required to operate, entrepreneurs must not only learn how to generate profits but manage those profits accordingly. Accounting and bookkeeping, for this reason, are of the utmost importance to a company’s lifespan.

Outsourcing your accounting

Why DIY Accounting Isn’t Always Efficient Enough

It is not uncommon for an entrepreneur to take on accounting and bookkeeping responsibilities in the first few years of their establishment.…

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4 Tips on Making Your E-Commerce Venture a Success

Selling products online is a great way to expand the reach your company has. The easiest and most effective way to showcase the products you have to offer is by having an e-commerce website created. This type of website will allow users to browse your products, add them to a cart, and pay for them with ease.

Online florist

Achieving success with an e-commerce website will require a lot of hard work and time. Below are some of the things to focus on when trying to make your e-commerce venture a success.

1. Being the First to Market is Not Always Beneficial

The first step in achieving e-commerce success is ensuring your site if ready to go before launching.…

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Efficiently Running a One-man Service Business

Running a service-based business has a lot of advantages. You can help customers in your community, offer residential or commercial services, and you can choose to specialize in a certain area of business.

Plumbers can choose to offer sewer repairs, electricians can choose to work just on new homes being built.

One-man plumbing service

Trades are in high-demand, and the growth in these fields continues to grow as the population continues to grow. The environment is perfect to start a service business, but running that business efficiently is difficult.

A major downfall in many businesses is efficiency.

How does a service business stay efficient in the early stages of business?…

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3 Fatal Conference Booth Mistakes that Small Business Owners Make – and How to Avoid Them

There are plenty of good reasons why small business owners should consider presenting at — rather than just attending — conferences. For one, it’s an opportunity to showcase their products and services to a high volume of prospective customers and to attract interest from potential suppliers, vendors, influencers, and other strategic partners.

Tradeshow booth at a tech event

However, some small business owners fail to achieve significant — or in some cases any — return on investment from their conference-booth spend. And while each story has its unique variables and nuances, typically it’s the unfortunate result of making one, some, or all of the following fatal mistakes:

1.

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Beyond Office Hours: How a Virtual Receptionist can Help You Win More Business

A receptionist is essential to any growing business. The more time you and your front line staff spend talking on the phone when you could be working for your clients, the less money you’re making at the end of every month. This is a big problem considering there are only so many hours in the day to get everything done, and still ensure 100% customer satisfaction.

Calling customer service beyond office hour

A virtual receptionist adds a level of flexibility to your customer service plan, enabling you to take only the most important calls, and even allowing you to keep your phone lines open for calls long after the business closes for the day.…

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3 Tips for Allowing Employees to Use The Company Car

Depending on the type of business you’re running, you may be considering allowing your employees to either use their own personal vehicles for company activities and then reimbursing them or buying a car for the company that employees can use.

Driving company car

Whichever way you decide to go, it’s important that you plan appropriately and set up the right system so everything runs smoothly, both for your company and for your employees. To help with this, here are three tips for allowing employees to use the company car.

Pick The Right Vehicle

Just like with all other decisions about your company, the type of car you choose to associate with your business can have a big impact on your brand or reputation.…

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Continuous Learning: Are There Any Benefits to Online Education?

Continuous learning should the the mantra for every CEO.  With the convenience offered by the Internet, CEOs can no longer make any excuses not to expand their skills and skill-sets.  If you are one of those top-notch CEOs who continuously developing yourself personally and professionally, or a CEO who want your employees to grow internally, then you should consider eLearning.

CEO engaging on Elearning

Elearning has gained traction as a preferable method of education, especially since the quality has improved significantly in line with technological advancements. Online learning is an easily accessible option which aligns with societal trends, where people seek mobile solutions to further their understanding of topics.…

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How to Build Culture With Remote Teams

Culture is a hot button topic in today’s business world. Culture is the ideology of a business and what comprises its personality. It’s the entire ecosystem, and how people interact within in. It follows the idea that, in an encouraging environment built to sustain the organization, employees are much more likely to be happy, stay at the company longer, and do better work.

Remote working

And as modern workplaces continue to evolve, workplace culture is becoming even more important.

Remote work is another uphill trend. According to one survey of more than 15,000 adults, 43% stated that they’d done some form of remote work in the last year.…

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Virtual Office Services: What Separate The Great From The Good?

As a business owner, you know the different kinds of people you need to work with on a daily basis. Plus, you know about the different types of job profiles that these people need to handle to ensure the smooth workings of the company. But as time goes by and a company moves forward, the pressure of delivering quality products often clashes with the pressure of delivering quantity. And that is why it is important to use the fruits of technology which has made life easier in a business setting.

Using virtual office services

One such benefit of technology is the virtual office services which has allowed ambitious businessmen and leaders to set up their own business without the need for a full-fledged company space.…

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3 Tips for Breaking Into a Highly Competitive Market

For many people looking to start their own business, it can be very intimidating thinking about coming into an already established market or industry. It’s very likely that there are already business or organizations within that market that are highly successful and have claimed a large portion of the market share. So when you’re in this situation, should you just give up on your dream to create your own successful business in this industry? No! You just have to know how to get the system to work for you.

Happy pet shop owner

To show you how you can start doing this, here are three tips for breaking into a highly competitive market.…

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