For many, preparing a budget is a challenge. A good business budget will save money, help you stay out of debt, and achieve your business goals.
A well-planned budget can also help you face emergencies and market trends that cannot be foreseen.
Here are three simple steps can guide you in preparing an effective and stress-free budget for your business:Read more
For a small business, every expense count. Even minor increases in expenses can have an impact on profit and sustainability. Simple, planned steps can greatly influence profits for small businesses.
Small businesses have to also step back and look carefully on past expenses as often as possible to understand business fluctuations better to stay strong.Read more
The key to grow your business locally is by building strong relationships. You need to become the go-to person who the locals can rely on for service expertise.
Though building your customer’s trust is important, there are many other areas which play an important role in growth. Learning about your location and building quality, trust, and timeliness are vital factors for growth.
Here are some simple tips for your small business to gain better position in the local market:Read more
Reports suggest that by 2020, customer service will be far more important than price and product and will be the key differentiator between competitive brands in the future.
As high as 86% customers are willing to pay more for a better customer experience. And, 91% will leave a business when they are not happy.Read more
Financial tools can transform the way a business operates. With the right financial tools, business owners can improve operational efficiency, reduce errors, and increase productivity.Read more
Managing employee expenses is one of the challenges many small business owners face. Regardless of how challenging it appears, the process has to be regulated often as it greatly helps an organization to run smoothly and efficiently. Read more
Challenges faced by small business owners in performing day-to-day operations range from funding payrolls to arranging funds for business endeavors. For most of the small business owners, the biggest challenge is likely monthly expenses versus income. But now with three federal rate hikes, the situation is likely to become more difficult to access credit.Read more
Even though it is all about finding new opportunities and expanding the customer base, business growth can be both stressful and exciting. Small business owners, when they desire to take their business beyond the bare sustenance level, have to refocus on their plans and strategies on how they approach success.Read more
No one wants to be underbanked, especially small business owners. Looking for a financial service at the most needed hour is one of the toughest problems a business owner can face. According to Federal Deposit Insurance Corp., 51 million Americans are underbanked, which means they don’t have access to adequate financial services.Read more
Small businesses are considered the backbone of the United States, and micro businesses being the subset of the small business community, contribute the same. In addition to providing global economic stability, small businesses are creating jobs while keeping the economy moving in the smaller geographic locations. As per the U.S. Small Business Administration, small businesses make up for 99.7 percent of U.S. employer firms.Read more