This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Running a smallbusiness is no small featespecially when it comes to managing finances. Luckily, if you’re in Northwest Phoenix, you’re surrounded by tools and experts ready to help you take your business to the next level. SmallBusiness Development Centers (SBDCs) are another must-know resource.
While there is a strong temptation for micro businesses, smallbusinesses and start-ups to be distracted by the latest technology fads, business owners should be very wary because information on new technology also comprises hype from vendors trying to sell their related products. So be a follower rather than a leader.
In today’s rapidly evolving digital landscape, smallbusinesses face the ongoing challenge of streamlining operations, maximizing productivity, and staying competitive. The key to overcoming these hurdles lies in harnessing the power of cutting-edge software solutions designed to enhance efficiency and drive growth.
Along with lack of oversight, outdated software or hardware, inadequate cybersecurity, or one bad tech investment could seal the demise of a small enterprise. In his new book, “Tech Debt 2.0 : How to Future Proof Your SmallBusiness and Improve Your Tech Bottom Line” , senior global business and technology executive Michael C.
And while we launched the service thinking it would be mostly a consumer offering we were surprised how many smallbusinesses were looking to clear away their marketing materials and such into a convenient storage offering. I wrote about that experience here without giving away the details of the business.
For smallbusinesses, printing stickers can be a very expensive affair. You really only had three options : to outsource to a professional printer to get the job done, buy and use sticker labels for your existing printer, or buy a small stationery label printing machine to use. Printing and Resolution.
The business environment began to change dramatically after the 2019 pandemic. PNAS surveyed 5,800 smallbusinesses and found that 43% were temporarily closed. Now smallbusinesses and startups have to compete with large corporations that have weathered the crisis of 2019 and know the secrets of attracting buyers.
Navigating the complexities of tax regulations can be daunting for smallbusiness owners, yet mastering this aspect is crucial for ensuring their operations’ financial health and sustainability. Utilize digital tools and software for financial management to keep detailed logs of receipts, bank statements, and invoices.
Maybe because they have often been called the backbone of the American economy, smallbusinesses are among those with the heaviest burdens to bear. The sad reality is, some of these smallbusinesses may never open their doors again. The odds were always difficult for smallbusinesses even before the pandemic.
Starting a business, growing it and sustaining in the market are the three chapters of a smallbusiness story. Usually, smallbusiness owners don’t think beyond their quarterly or annual plans and they forget their long-term goals due to everyday hurdles. Sustainable growth is not a straight line graph.
As the owner of a smallbusiness, you have many things on your mind. But they also happen when there is merchandise around that has not been put away, when there are cables and wires on the floor or when there is even a small change in flooring. What can a smallbusiness owner do?
It’s likely that you already know how expensive shipping can be for smallbusinesses. In the early stages of your new e-commerce venture, the expense of various smallbusiness shipping choices can add up quickly. Hire SmallBusiness-Friendly Companies. Image Source. Use Proper Shipping Materials.
Online Reviews If you have a great site then you can link this to online reviews. You can also use it as a way to generate more reviews, which is great, to say the least. You can also send them discount codes if they happen to leave you a positive review, which encourages them to come back to you time and time again.
Not only do these requirements ensure that businesses operate within the law but it also protects smallbusiness owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.
As a smallbusiness owner, in order to compete with the big players, you need to be able to sell like them. When your business is first starting out and serving a smaller customer base , it can be fairly easy to draft personalized sales quotes in a timely manner. Why invest in quoting software? Deliver faster quotes.
For startups, cash flow isnt just a financial metricits the lifeline of the business. Yet, most smallbusinesses fail due to poor cash flow management. For example, startups might find they are paying for unused software subscriptions or can renegotiate vendor contracts to save costs.
To avoid these common pitfalls — and set up your finances to support your business as it grows — follow these four accounting tips for startups and smallbusinesses. To streamline your processes, select accounting software tools that fit your business’s needs and budget , and start using them as early as possible.
If you’re one of the 47% of smallbusiness owners who run marketing completely on their own, it’s likely this function is one of the many hats you wear. And chances are unless you’re running a marketing business yourself, you don’t have a professional marketing background. Common smallbusiness marketing mistakes to avoid.
A printed check allows business owners to send and receive money directly connected to the business’s bank account without worrying about incurring additional fees or potential exposure to security risks. Check printing software makes creating and mailing checks easy, and ensures the payee receives the document as quickly as possible.
To support your restaurant management in 2021 and beyond, take a look at these software options and tips. Restaurant management software. Using Lightspeed software, restaurant owners can manage their whole restaurant or cafe from their iPad. It’s a POS-based system, which you can personalize to suit the needs of your business.
In a recent survey conducted by payroll services provider OnPay of more than 1,000 smallbusinesses, business owners who run payroll manually said they spend an average of 18 hours a month paying employees. Several leading payroll providers and software packages offer automated payment of taxes as a feature.
Don’t be afraid to ask questions to get what you want – no one cares about your business more than you do so make sure you go over your leases with a fine-toothed comb. Prior to signing any lease, practice duediligence as well.
——— I’m getting ready to go overseas to teach , and I’ve spent the last week reviewing several countries’ ambitious attempts to kick-start entrepreneurship. In Silicon Valley the equivalent is the journeyman coder or web designer who loves the technology, and takes coding and U/I jobs because it’s a passion.
Dan Lok explains what venture capital funding is and how to secure it for your business. It is a type of financing that investors can provide to startups and smallbusinesses which are believed to have the potential for success in the long term. DueDiligence and Closing the Deal. What is Venture Capital Funding?
More and more buyers are drawn towards using credit cards, also primarily due to the convenience that it brings, where you no longer have to carry with you so many chunks of money. Here are some of the top card machines for smallbusiness enterprises that you can choose from: 1. iZettle Card Reader.
It’s not too difficult for smallbusinesses to manually process invoice data. The thought of automating this process sounds more like a luxury than a necessity, but here’s why even the smallest business will benefit from automating this process. OCR software, for example, is more accurate than ever.
Here is how to conduct a trademark search for a business startup in UAE. Similar to a trademark in the US — a Trademark search in UAE is also referred to as duediligence search. The date that the search has been conducted should also be noted as well as the words, codes, and terms that are used in the search.
But for the companies on the other side of the equation, the story is slightly different — especially for smallbusinesses. However, encouraging reviews offers a chance to grow your following and foment your brand identity , while addressing individual complaints. And if there are no reviews? Repeat customers. Get mobile.
Here’s the bottom line: This affects anyone and everyone that comes in contact with your business and it’s a huge deal to your bottom line. Hire a professional, or at the least, use inexpensive design software like Tailor Brands to create a great logo yourself. Or reviews! You need reviews to look legitimate.
But for smallbusiness owners who are looking through receipts, trying to determine which expenses were business-related and which were not, ensuring they are recording the correct income for their business, trying to find the right forms and so much more, it can be even more stressful and overwhelming.
The CEO is a key decision-maker who oversees all other departments and guides the overall direction of the business. This typically includes reviewing financial reports, overseeing budgets, managing overall financial planning, and more. Think about what your business needs to grow and start there.
Establishing a strong social media presence can mean big business for your smallbusiness. Use these nine social media tips to boost business and grow your brand. To hone your strategy, think about where the topics that appeal to your audience intersect with the issues that your smallbusiness stands for.
Often, this starts with the right virtual call center platform or call center software. For some smallbusinesses, video production isn’t an easily attainable reality. This includes special effects, captions, and other additional features that can take your smallbusiness to the next level.
The Federal Reserve found that 70% of smallbusinesses have unpaid debt, with 21% registering $25,000 to $100,000 in debt, according to Fundera. Interestingly, debt can significantly boost business growth. Whether you are new in business or an established entrepreneur, you need to be diligent with your finances.
For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product. Now, with powerful high-level tools and open source software, winning smartphone apps can be built by a good hacker for a few thousand dollars.
by Wayne Titus, author of “ The Entrepreneur’s Guide to Financial Well-Being “ Entrepreneurs and smallbusiness leaders are trying to figure out how to navigate COVID-19, from how to apply for loans and assistance to FMLA regulations. Now it’s time to consider your smallbusiness in the same light.
Did you know that only about 30% of smallbusiness websites are currently mobile-friendly? That means that about 70% of the smallbusiness owners out there need to do something about that right away. That’s when most smallbusiness owners should have ensured that their mobile site performance was good.
nd run smallbusinesses m?? r smallbusinesses. Smallbusinesses h?d f smallbusiness security require customized security measures ?nd r smallbusinesses h?? ?n f smallbusinesses f?r But smallbusinesses ?t?ll r smallbusinesses ?r?,
A timesheet software records the time your employees spent on various tasks and projects in your organization. Subsequently, managers or team heads in your organization can review to approve or reject the timesheet records. Here are 5 Awesome Reasons You Should Use Timesheets software in your organization. Improved Focus .
An example of a website traffic issue due to an algorithm update would be a case in 2012 when several websites experienced huge drops in traffic. Tracking code errors. Is your tracking code properly implemented and working? Review and analyze your competitors’ activities, SEO strategies, and content. Server overload.
As you think about the form your esports business should take, consider the needs of your true audience, not the needs of an audience you imagine. Do your duediligence on market research. Virtual reality is small but mighty. People who love games often love esports, too, regardless of gender, age, or location.
So you have a great business idea, you’ve done your research and duediligence, you know your market and you are good at what you do. Many smallbusiness owners and entrepreneurs begin their first foray into self employment neglecting some of the most crucial aspects of running a business.
Process mining tools are handy for most businesses, due to its many benefits. If your company has been struggling with data collection, such software can help you collect valuable data for better insights and decision-making. The tool is designed to analyze business processes and interpret event logs from information systems.
Smallbusinesses are an easy target for ill-intended actors ( 43% of cyber attacks are aimed at smallbusinesses ), but very few of them are well-prepared to face this type of scenario. So, to make sure your business is prepared, we have a few tips and tricks to help out. Source: Pexels.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content