The Holiday season is upon us and that means most of us will be spending a little extra ‘dough’ when we’re out shopping. For small business owners and entrepreneurs however, the season means a welcomed boost in sales and the opportunity to reach more customers with their products and services.
If you own a business that has customer payment terms of net 30, net 60, net 90 (or more), chances are you may have experienced cash flow issues at some point. If you’ve had cash flow issues, factoring your receivables to cover business expenses might be right for you. Factoring finance may help you grow – or keep the business afloat – while you’re waiting on payments from customers. Ironically, factoring can sometimes be very similar to the cost of accepting credit cards. You’ll see in a minute that accepting credit cards is a great example of factoring since the business owner is getting paid prior to the credit card company getting paid by the card holder. Read the full entry
Taking time off from your business during the holidays is important not only for your sanity, but for the continued success of your business. Take a vacation – even a short one – and you’ll come back to work rested, refreshed, and more productive. According to an article in BusinessWeek, taking a break will result in an 82% increase in job performance upon your return.
Hiring the best people for your new small business is important; thus, you need to know how to carefully select your staff for you and your company’s benefit. But how can you be sure that you’ll end up with those who are fit for the job? What factors should they have that will match your goals?
These questions can be tough to answer especially if you’re just starting. So we’ve come up with a quick list of ideas that can help you. Check out these five easy-to-do tips that will guide you on hiring the ideal staff for your business. Read the full entry
- If your small business is expanding to the point where you need to hire an employee, you’ll need to read up on federal and state laws regarding workers compensation insurance.
Workers compensation is an insurance program set up to provide workers who were injured on the job benefits to make up for lost wages while they’re out taking care of their injury. Read the full entry
No, you don’t have to seek out some holistic retailer that specializes in office chairs fashioned from corn stalks and reclaimed wood or refillable pen ink made from blueberries and flaxseed. Just go online or visit a local office supply retailer and start browsing.
Forex Trader Casey Stubbs came to his profession via the U.S. Army. While the route might be unorthodox for an investment expert, the founder of Winners Edge Trading attributes his time in the service for giving him the discipline and self-control needed for success in trading.
Through years of studying, practicing, making mistakes and perseverance during difficult times, he’s honed his Forex trading skills and is anxious to share what he’s learned with others anxious to jump into the market.
For entrepreneur and author Tim Berry, relationships — not business — are the most important thing in life. So it’s no surprise that he thinks it’s critical for those starting or growing a business not to get lost in their work in a way that sacrifices their relationships.
“You need to specifically manage the temptation to get lost in the business,” Berry said from his home in Eugene, Oregon.
There comes a time in the life of every business owner when she must ask the question, “When should I buy new office furniture?”
Maybe the business is moving to a new building, or maybe you’d like to encourage more collaboration with an open office plan, or maybe your old furniture is on its last legs (literally) and it’s time to move on.
Luckily, there are options. Old furniture can be refurbished and re-purposed and new and used furniture can be added to the mix. To help out with your decision making, we weighed in on the benefits of buying new furniture vs. the benefits of repurposing your old furniture: Read the full entry