HOW TO ESTABLISH SALES COMMISSIONS

August 17th at 9:31pm

Setting up an appropriate commission plan for your sales force is an excellent way to keep them motivated to make sales. This in turn keeps your business in line with making its revenue goals. As a small-business owner, you must remember that a commission plan is an incentive tool to motivate your sales staff. Keeping that in mind, you must make a commissions plan that has realistic and obtainable goals. Because there’s no one size fits all, sales compensation plans come in many shapes and sizes, including: salary/hourly + commission, commission-only, tiered commission, residual commission, and variable-rate commission.  When it…

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The Benefits of Business Networking

August 10th at 9:25pm

Networking can also help you identify opportunities for partnerships, joint ventures, or new areas of expansion for your business. Visibility – You need to meet and communicate with potential clients and business partners on a regular basis to maintain your business relationships. Business networking is something that can help you reach more clients, knowledge, and eventually attain business growth and increase the profits. It is normal and even an important part for business growth where people share their success and mistakes with other businessmen. The key word here is mutually. Both you and your contacts will benefit from your networking efforts. The purpose of networking is the exchange of information, advice, and referrals, via the informational interview…

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PREQUALIFY FOR BUSINESS FUNDING

August 3rd at 10:28pm

Looking or business funding?  Apply online with First Down Funding.  Our fast processing allows you to see the many funding programs your business can qualify for.  Get pre qualified and then choose from the many options and rates. Get Prequalified for Business Funding – get on the fast track: Have your financial statements.Monthly bank statements.Your personally identifiable information such as a driver’s license.Apply onlineYour credit score.  We consider low and high credit scores and we will show you the rates that you qualify for. If you have any questions about the different types of funding or if you want to speak to…

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REBUILD CREDIT AFTER BANKRUPTCY

July 27th at 10:21pm

While a bankruptcy may impact your credit reports for a decade, you don’t need to wait that long to rebuild your credit. A bankruptcy doesn’t have to be a life sentence: Here’s how to start improving your credit scores today. In most cases, it takes approximately three to four months to complete a Chapter 7 bankruptcy and obtain a discharge. However, if you have a complex case or creditors object to your discharge, it can take longer. This means that you can complete your case quickly and begin rebuilding your credit right away. How to Repair Your Credit After Bankruptcy…

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THE MOST IMPORTANT JOBS IN A COMPANY

July 20th at 10:08pm

The majority of entrepreneurs and business executives may agree that the sales team carries with the most important task within a company. Companies should value the sales team and the vital role they play in an organization’s growth. Sales teams not only increase revenue but they also have a strong impact on brand reputation, long-term customer relationships, retention of customers and overall business growth. The most important hires a small business can make. Product manager. Marketing generalist.Sales representative.Customer support representative.Business development or financial analyst.Human resources professional.Accountant. When customers are happy about your products or services, they become your brand ambassadors without your knowledge. They will spread the word and your sales will start to…

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LEARNING ABOUT FACTORING

July 13th at 10:03pm

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Fortunately, receivables factoring isn’t traditional financing. This means you won’t need to represent it as traditioal financing on your balance sheet. Instead, it’s an advance on the value of your receivable. This distinction is very important as companies are always trying to keep their financial statements up-to-date and clean. Factoring reduces your bookkeeping costs and your overhead expenses. Factoring allows you to make cash payments to your suppliers, which…

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HOW TO START A BUSINESS WITHOUT QUITTING YOUR JOB

July 6th at 9:57pm

We are living at a time of unlimited potential. Never before have we experienced such a rapid growth in the number of young entrepreneurs who’ve begun working for themselves. From app developers, to freelance writers, business consultants, creative producers, and startup founders, there’s no shortage of people willing to take large calculated risks in the name of sculpting their own self-employed dream careers. Starting a business while you’re still working full-time is hard. But it can afford you many luxuries and securities that go straight out the window when you quit your job to pursue a business idea. From the…

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HOW TO HIRE THE RIGHT PERSON

June 29th at 9:51pm

Hiring the right person is a time-consuming task. Posting jobs, sifting and sorting through resumes, conducting job interviews, and making a final hiring decision all rests on your shoulders. It’s easy to daydream about finding and hiring that ideal job candidate, but it’s often challenging to actually find that person – unless you apply the following rules to your hiring process. Understand how the candidate’s aspiration fits with the job. Vet them appropriately. Don’t hyperfocus on their past. Consider evaluation strategies beyond the face-to-face interview. Make sure candidates spend plenty of time with your team. Pay attention to the questions they ask. Work with them first.…

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