Category: Small Business Management
Start-Up Lendoor Aims to Use Crowdfunding for Small-Business Loans
Crowdfunding — gathering lots of small checks from individuals to finance a company or a project — is a hot area in Silicon Valley at the moment. Now, one fledgling company in New York wants to bring the principles of crowdfunding to a dusty sector of American finance: small-business lending. The company, Lendoor, plans to introduce a way for local businesses to borrow money from their customers and other individuals online. It is the latestRead More
Three Best Ways to Insure Your Small Business
Insuring your small business against a natural disaster, a fire or a catastrophic event is almost an afterthought in the scheme of daily operations, but it shouldn’t be. For starters, if you don’t have enough coverage to replace damaged or destroyed equipment, it might be harder – or impossible – to get your company running again. A quarter of businesses never re-open after a major calamity, according to the Institute for Business & Home Safety.Read More
How to Create a Disaster Plan
No matter how good you are as a businessperson and manager, there will always be circumstances beyond your control that can affect your business. No one likes to think about such large-scale catastrophes as devastating hurricanes, earthquakes or — in today’s world — terrorist attacks. Fortunately, those events are rare, but smaller “disasters,” such as computer crashes and power outages, can wreak havoc on a small firm. Preparing for the worst can help minimize theRead More
Document of the Week: Confidentiality Agreement for Your Small Business
What is a Confidentiality Agreement? A Confidentiality Agreement is a legally binding contract where a person or small business agrees not to disclose certain information with other people or businesses. This type of agreement is also known as a non-disclosure agreement or a NDA. When do you need a Confidentiality Agreement? In the course of doing small business, whether developing a product or marketing a service, a company inevitably has to enlist the help ofRead More
What is ERP? Does It Have a Place In Small Business?
The internet has really opened up things for small businesses all across the globe. Because of the proliferation of the cloud, smaller enterprises can compete with the bigwigs and tap into markets that only were previously available to larger companies with more locations. This new era of competition has made running a small business increasingly difficult, and many of them have outgrown QuickBooks and other simple accounting software. A new wave of online commerce isRead More
How To Use A Customer Database to Grow Your Business
Ramon Ray, editor of Smallbiztechnology.com recently sat down with Ashley Meyers of the Wells Fargo Business Insight series to discuss the importance of using a customer database to grow your business. During this live audio interview, Ramon discusses four ways every small business can use a customer database to grow their business, along with tips on what types of information you should be collecting and strategic ways to use that information to convert one time customersRead More
What Small Businesses Get Wrong About Maternity Leave
where female workers aren’t guaranteed at least some time off to care for newborn children, while only 5 percent of U.S. companies offer fully paid maternity leave. Women employed by small businesses in the U.S. have it even worse. The Family Medical Leave Act provides workers 12 weeks of unpaid leave but exempts companies with fewer than 50 workers from complying. That means tens of millions of workers aren’t guaranteed time off after the birthRead More
Guideline: Hiring Your First Employee for Your Small Business
Whether you’re the founder of a new startup or a small business owner that simply has to grow to keep up with demand, hiring your first employee is a big step. Ideally, you don’t want to let excitement and a sense of urgency cause you to rush ahead without planning, because a wrong step can lead to a terribly expensive mistake. Of course, we live in the real world, and sometimes life and circumstances simplyRead More
Small Business Website with WordPress
Who want to be a self-reliant person by profession of any kind of small business, can explore you with WordPress web life style. Business opportunities are growth faster in the modern edge of internet and computer technology. What is value of your product and brand without work with internet? WordPress web engine are giving such opportunity to open a pioneer concept of your small business. Any kind of small business you hold with the webRead More
Small Business Merchants: Obama Announces EMV Program
President Obama today signed an Executive Order launching the new BuySecure initiative, to help businesses and consumers keep financial data secure. The initiative is designed to reduce identity theft. And there’s important news of interest to small business merchants. The initiative is intended to accelerate the move to EMV chip-based credit cards and charge cards. Speaking at the Consumer Financial Protection Bureau this morning, President Obama noted that more than 100 million Americans have hadRead More