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HOW TO FIND A PROFITABLE BUSINESS IDEA.
March 12th at 9:55pm
There is more to business than just a great idea, but coming up with that great business idea is a solid start. If you’re looking for a profitable business idea, here are six ways to hatch ideas and separate the good ones from the future flops. There are three simple criteria for a new businesses: They have to be reasonably complex so they are not easily replicated,They need to be scalable beyond the limited number of hours in a day, andThey need to have a steady cash flow. Potential or aspiring entrepreneurs seem to face two huge problems when it…
HOW TO KEEP YOUR CLIENTS DURING THE CORONA VIRUS CRISIS
March 11th at 7:03pm
Even if you need to close due to health and safety concerns, there are ways to keep serving your customers during the coronavirus outbreak. Here are some strategies you can apply to your small business: Communicate proactively with your customers The situation is evolving rapidly, and no one is quite sure what news each day will bring. Customers can empathize with merchants facing a crisis, as long as you communicate with them properly. Let your customers know if you’re closing your doors, changing your hours and what steps you’re taking to keep your employees and work environment safe and clean. Promote your…
EMAIL MARKETING FOR SMALL BUSINESS
March 10th at 10:22pm
Email marketing is the act of sending a commercial message, typically to a group of people, using email. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. It involves using email to send advertisements, request business, or solicit sales or donations. Email marketing helps you increase your brand awareness by getting your email messages into the inboxes of potential new customers. The more consistent your communication is with your email subscribers, the more likely they will be to think of your business when they are looking for your products or services. Apply Now For Small Business…
WHAT YOU NEED TO KNOW ABOUT BUSINESS CREDIT SCORES
March 6th at 9:59pm
Just as a FICO score measures your personal creditworthiness, your business credit score is a numeric representation of your company’s creditworthiness. The information on your business credit report is used to produce the score, and business funders use it when they’re considering your credit application to predict how likely you are to pay them back in a timely fashion. A higher score means your business has a history of paying bills on time. It’s necessary to establish separate credit for your business. A good business credit score can help your business grow, see below the benefits of improving your business…
LEARN HOW TO MANAGE YOUR ONLINE REVIEWS
March 5th at 9:57pm
Online reviews are important because they have become a reference point for buyers across the globe and because so many people trust them when making purchasing decisions… 90% of people first check out online reviews before making a purchase. Online users are used to finding information about both local and international businesses by themselves. Even a simple Google search for a local coffee shop will produce results with reviews on Google+, so the research of credibility can begin there. Also, review sites are getting popular as well. Though customer reviews vary in comprehensibility and accuracy, they have a profound effect…
TYPES OF INSURANCE FOR SMALL BUSINESSES
March 3rd at 8:35pm
Small business insurance is important for all small business owners to have. It’s the coverage you need to protect the livelihood you’ve worked so hard to build. The right small business insurance will help cover expensive damage and lawsuits from accidents, natural disasters, professional errors, workers compensation claims and more. Any small business, regardless of industry, niche, or location should always take steps to protect itself from the unexpected. Different options are available for small business owners when it comes to insurance. Whether you own a home-based or a brick-and-mortar store or company providing products or services locally or globally, you need…
HOW TO FIND THE RIGHT BUSINESS PARTNER
March 2nd at 8:52pm
When you are considering joining businesses with another person, there is a lot to be considered before you sign on the dotted line. If you are married, think back to when you first met your spouse. Most people refer to going into business together like a marriage. And, in many regards, they are correct. Both agree to a long-term commitment that requires a lot of time, trust, and devotion. The most important part of this package is trust. The worst that can happen is the business is a bust. Even the tightest friendship can end in a nasty way if…
SMALL BUSINESS TAX PLANNING
February 28th at 10:44pm
If you’re a business owner, then tax season can bring on a whole new set of tax-related challenges. Fortunately, there are a number of valuable tax filing strategies to maximize credits and deductions that can benefit a business owner. The federal government levies four basic types of business taxes: income tax, self-employment tax, taxes for employers, and excise taxes. The IRS has a helpful Guide to Business Taxes that provides information on each of these taxes. Many small business owners find comfort in working with a CPA or qualified tax professional. But if you feel comfortable enough to prepare your taxes on your own, then there…