July 2014 4
Small businesses are in a much stronger position now than they were only a few years ago, and small businesses currently make up 90% of US businesses. In 2013, new business funding increased by 10.4%, so now is a great time to pursue a loan to give your small business that extra boost.
However, funding available for small businesses is still highly competitive, and you have to make sure you give yourself your best chance of success. Entrepreneurs that prepare for the process of seeking new business funding are more likely to get the loans they need.
There are several ways you can give yourself a better chance in the new business funding market:
Be ready to show your lender all the finan (more…)
There are a number of things to worry about when you own or manage a business. One of the most important and sensitive is paying the employees. Unless you’re a payroll company, worrying about payroll is probably just one more thing on your plate that you would probably like to do without. Paying employees can be confusing and complicated, so outsourcing to another company is a smart decision. Here are two essential things that you should know about outsourcing.
Why you should outsource payroll to another company
As was stated before, paying employees can be confusing. There is a lot more to it than simply cutting checks, and if any mistakes are made (more…)
Small business owners often think, when they start up a business, that small tasks like employee payroll processing won’t be a big issue. But many businesses find out that these tasks can become very complicated, very quickly. Here are a few reasons why outsourcing payroll services can be invaluable for small businesses, whether business owners are focusing on a brand new start-up, or have been struggling with employee payroll for a few years now.
- Many small business owners don’t have a substantial amount of training and/or experience with bookkeeping and tax regulati (more…)
Do you run a business, but you don’t yet accept credit and debit cards in your store? If you haven’t made the move to taking “plastic” yet, it may be time for a change. When businesses accept credit cards, they use credit card payment processing companies to transfer the funds from the customer’s account to the company’s bank. Typically, there are fees associated with payment processing companies, and depending on the type of payment, these can differ. However, there are virtually no major drawbacks to accepting credit cards as a form of payment for most businesses.
Want to know how else accepting credit cards can help your company? Here are some advantages to using a payment processing company:
1. You won’t h (more…)
Running a small business is tough. Half of small businesses don’t last more than five years, and many never turn a profit before they fail. Sometimes this is because of poor business practices, but sometimes it’s because of customers failing to pay quickly enough, or at all. If you’re a business owner struggling with accounts [...]
Throughout the world, many companies face the problem of consumer debt. Unfortunately, it looks like this problem is only going to get worse. In fact, statistics show that outstanding consumer is estimated to reach $4 trillion by the end of this year. If you’re wanting to defend your business against this problem, it’s wise to [...]
Keeping a retail business running smoothly is no easy or simple task. From the mundane day to day tasks, such as stocking and organizing shelves to customer service, to the more in depth responsibilities like inventory tracking and financials, there are many loose threads in the fabric of retail that can seem impossible to keep [...]
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