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Just as retail businesses come in a variety of sizes and types, so do the financing options available to retail business owners.
As the COVID-19 coronavirus takes its toll on people, businesses, and governments across the globe, it brings with it a sober reminder. A reminder of the importance of developing business plans for emergencies and contingencies.
Whether you’re a budding or veteran auto repair business owner, you could have various financing needs throughout the life of your business. To meet your financing needs, there are a vast number of traditional and alternative lenders to choose from.
If you don’t already see the value in email marketing for your business, you should see it after reading this article. More than half of the global population uses email. In fact, 59% of consumers say their purchase decisions are influenced by email marketing.
Market segmentation is a technique used by companies to narrow down a general consumer base into more narrowly defined target groups (segments). Simply put, it involves breaking the entire audience into groups of like people.
Establishing a connection with customers is an essential part of customer satisfaction and managing interactions with them is key to enhancing the customer experience. In this article, we’ll discuss the concept of customer relationship management and ways to assess and improve the customer experience.
Construction equipment financing – also known as heavy equipment financing – allows the new or existing construction business owner to obtain equipment without having to purchase it outright.
According to the Bureau of Economic Analysis, for the second quarter of 2019, at a rate of 4.7%, Texas had the fastest gross domestic product (GDP) growth. The GDP is a measure of all the goods and services produced in an economy. So, Texas enjoys a strong economy and with a Moody’s/S&P bond rating of “AAA, stable”, the state enjoys a stable one as well. Texas is considered to be creditworthy with a strong capacity to repay investors.
In this article, we’ll discuss the advantages and disadvantages of buying vs. leasing medical equipment. We’ll also discuss your options for buying equipment (new vs. used), financing options, and what you need to consider if you decide to go the lease route.
There are social, economic, legal, and political factors that can influence pay rates and make compensation management a complex part of doing business.
Strong team dynamics produce higher-quality results and facilitate faster problem-solving. In this article, we’ll discuss what team dynamics are, what factors cause problems in team dynamics, and strategies for improving them.
Business tools such as automation and analytics make use of technology to perform much of the heavy lifting and streamline processes. This allows business owners to save time and money and offer better value to customers.
Although not every organization understands the importance of their HR department, human resources professionals are the backbone of the company. Overall, their job is to ensure that the company receives a high return on the investment in its employees.
For most employers, firing an employee isn’t the preferred course of action but sometimes it’s necessary. By using a supportive approach, however, you can make the experience more agreeable for all involved. The way that the termination is handled will matter to the departing employee and to remaining co-workers.
Before listing your business for sale, it’s important to be honest with yourself and determine if your business is in the best shape for selling. If you sell at a time when it’s not, the price and terms that you’re able to negotiate can be negatively impacted.
Drastic shifts in economic activity and the dire effects these fluctuations can have on profit margins, make it essential for entrepreneurs to include forecasting in business planning.
Running a successful construction business isn’t easy. There are so many risks and challenges in the industry that can lead to failure. Here are some of the most common factors that cause construction businesses to go under.
As an employer, one of your chief responsibilities is to ensure the safety of your employees. One way to do that is to implement a company safety program that addresses all situations that could put your employees at risk of injury.
As more and more U.S. consumers choose to shop from the comfort of their own homes, this number is expected to continually rise. For the aspiring entrepreneur, there’s no better time than now to start an ecommerce business.
During the 2018 holiday shopping season, U.S. consumers spent $6.2 billion on Black Friday and $7.9 billion on Cyber Monday. This represented an increase from the previous year of 23.6% and 19.7%, respectively. Should retailers be happy with these figures?
The remedy that bankruptcy can offer you, as a small business owner, depends on your business’s debt levels, financial situation, and ultimately the chapter of the U.S. Bankruptcy Code your case is filed under.
According to the Small Business Administration (SBA), 50% of all small businesses are home-based. Starting a business from home is an ideal way to build its foundation in a low overhead environment. Lower overhead positively affects cash flow, which is critical for a startup.
As our society grows increasingly litigious, it's becoming more important than ever to protect your business from lawsuits.
When deciding what types of restaurant equipment you'll need, consider the size and layout of your commercial kitchen. There are several options for buying restaurant equipment.
EBITDA (a company’s Earnings Before Interest, Taxes, Depreciation, and Amortization) is one of the most widely-used metrics for valuation analysis and securities pricing analysis. In theory, EBITDA allows for a more refined analysis of a company’s profitability because non-operational expenses (expenses that don’t occur in the normal course of business) aren’t taken into account.
Does your business fall within the 23% that have yet to establish a social media presence? If you don’t have a presence on the main social networks, you’re missing out on an audience that’s ready and willing to connect with your brand.
No matter how small your business, with proper planning you can realize social media marketing success.
An effectively orchestrated onboarding program might mean the difference between unmanageable turnover and a productive, satisfied workforce.
The increasing popularity of remote working is largely due to its positive attributes. What was once seen as an occasional employee perk has become a valued staffing option. For many business owners, this hiring model just makes sense.
Buying a franchise enables you to operate a business using a system developed by an established company (franchisor). As the franchisee, you pay a franchise fee for the right to use the franchisor’s name for a specified number of years.
When considering a business location, cost is an important factor but there are other factors that are equally important. Whether you establish a virtual company or traditional brick and mortar, implementing sound accounting practices is essential to your business’s success.
To ensure that your business is off to a good start, don’t overlook the importance of getting the licenses and permits required for your location and industry. You don’t want to run afoul of the federal or local government. You put a lot of thought into choosing the ideal name for your business so you’ll want to protect it and any other intellectual property.
Obtaining the required tax ID numbers for your business is one of the steps you must take to ensure that you’re operating on the right side of the IRS and your state’s taxing authority.
This article covers two of the important decisions you'll need to make before starting a business: (1) choosing a business structure and, (2) choosing a business name.
Just as a map and GPS are tools for successfully arriving at a physical location, the business plan is a tool for successfully arriving at a profitable business. Writing a business plan will provide you with the directions you’ll need along the way. It’ll guide you through the stages of starting and managing your business and help you avoid the pitfalls that lead to business failure.
Lawsuits claiming property damage, bodily harm or financial loss caused by your business could result in costs that bring your business to its knees. By getting the appropriate insurance coverage, you protect your assets by letting the insurance provider cover these costs.
Employee satisfaction is a key contributor to a company’s success so offering incentives that motivate staff and attract highly desirable candidates is essential. A generous salary is always appreciated but to stand out from the competition, companies need to be intuitive and add perks (some non-monetary) that employees will find rewarding.
In an effort to reduce its crippling debt and stimulate the country’s economy, Puerto Rico introduced two tax incentives with the goal of encouraging U.S. mainland businesses and investors to relocate to Puerto Rico. The two tax incentives are structured in a way that allows relocating businesses and investors to enjoy significant tax breaks.
Both 1099 contractors and W-2 employees can provide services that are vital to growing your business. For tax and legal purposes, it’s important to note the differences between the two and classify your workers accordingly. Not doing so could land you in hot water with the IRS and subject you to hefty penalties and legal fees.
A business line of credit works much like a regular consumer credit card – the lender provides you with a credit limit that you can borrow against as you see fit. You then make regular payments and only pay interest on the amount that you actually use.
A UCC lien filing is, in essence, the lender’s way of staking a claim to your company’s assets in the event of default. Depending on the terms of your financing agreement, the UCC lien may have been placed against all of your company’s assets or only on specific assets.
CLIENT: Siemens PLM -- If your company serves more than one customer group, segmenting your total audience into clearly defined groups will allow you to deliver a marketing message that's just right for each group.
CLIENT: Siemens PLM -- The experience that customers have with a brand and how the brand makes them feel can make or break a business.
The Weather Channel app allows users to plan their daily activities by keeping up with the weather forecast in their local areas.
The Facebook Lite app is an optimized version of the original Facebook social media app designed to work better with low-speed connections.
A portion of all holiday purchases will be donated to help provide food and much-needed supplies to the victims of Superstorm Sandy.
The Material Girl's Dad's charming vineyard is featured in new wedding magazine.
In honor of Breast Cancer Awareness Month, young women affected by breast cancer will benefit when customers "think pink".
The colors in this exciting palette will give life to everything from home decor to wedding stationery.
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