How to make Sure Your Seasonal Business Stays Afloat during Dry Times


Seasonal businesses are hugely popular across the world for both summer and winter popularity. Whilst each business will have its own individual pros and cons, one of the most prominent challenges of running a seasonal business is when you hit the out-of-season time period.

With business being virtually non-existent as soon as your peak season time inevitably comes to an end, many seasonal business owners find it extremely difficult to avoid shutting down, especially within the first couple of years. If you’re worried about this happening to your business, below you’ll find some key strategies to ensure your business doesn’t crumble as soon as you come out of season.

[Read more…]

How to Control Operating Cost in Your Business


In business, the operating cost matters a lot. I’m sure I don’t have to tell you this, and you probably agonised over every single penny you spent in the infancy of your business. However, as the operation grows, and you have to worry about more and more factors, it becomes progressively harder to keep tabs on the amount of money you spend. Here, I’ve listed our best tips on reducing your costs as you scale your business.

[Read more…]

7 Tips for Effective Credit Control in Small Business


Many small businesses overlook the importance of credit control. They assume that because the orders and sales are rolling in thick and fast, everything is great. What they fail to realize is that if a few customers don’t pay, their cash flow will dry up.

You need to be proactive about collecting payments from your customers. It’s not enough to send out an invoice and forget about it. There will always be some customers who wait as long as possible before making payment. The problem is that if you don’t have enough money flowing into the business, it affects your ability to pay your own suppliers. Some might be understanding, but others, in particular the IRS, definitely won’t take kindly to being made to wait for payment.

[Read more…]

New Generation of Solutions to Help Small Business Owners Accept Customer Payments


If there is one thing all small business owners agree on it is that they are paying a lot on credit card processing fees. They are caught between a rock and a hard place when it comes to accepting payments from customers using credit cards. On one hand they have to accept credit cards from customers or stand to lose many of those valuable customers. On the other hand, the credit card processing companies charge them a fortune to be able to accept those cards. It is not uncommon for small business owners to pay 3-4% of the sales to credit card processing providers. We provided some tips to reduce credit card fees in earlier article. Is there anything more they can do?

[Read more…]

10 Surefire Ways to Lower Your Electricity Bill

Most consumers are very selective when it comes to choosing their phone service provider, deciding which gas station to go to save the most amount of money, or picking a car insurance company that has the cheapest rates. However, when it comes to saving on the costs of electric bills, very few residents know exactly what they are paying for or how to lower your costs.

This article will lay out 10 different strategies you can do to help drastically lower your electricity bill so that you can save and spend money on the things in life that are really important to you.

[Read more…]

Small Business Owners: How Can You save Money on Telecom and Credit Card Fees

Sponsored Post

 


Every once in a while I come across a service that can save small business owners significant amount of money without them having to spend much time and effort. On surface they may appear to be too good to be true, but many times these are really genuine people providing their expertise in specialized areas in exchange for a share of the savings.

[Read more…]

How Feasible Is A Paperless Office?


Digital technology and a growing awareness in environmentalism have caused many businesses to try and go paperless. Going paperless can provide number of advantages such as cost savings with elimination of paper, higher efficiency and ability to track the digital trail of the process. Several companies, large and small, have tried going paperless with varying success. But how feasible actually is a wholly paperless office?

[Read more…]

Small Business Owners: Outsource These Tasks to Succeed and Grow

outsource
What lessons can we learn from the great entrepreneurs? Was it just their incredible personalities and individual capacities that propelled them to success? Or is it something to do with the fact that they understood how to leverage the talents of others?

Seasoned entrepreneurs know that if they try to do everything, they’ll crash and burn. There simply isn’t enough time in the day, not to mention the fact that they’re not qualified to carry out half of the tasks that need doing in their business. But despite this, newbies seem to believe that they have to do everything, filling every minute of the day with one task or another. It’s a recipe for disaster.

Here, we’re going to investigate some of the ways that companies can reduce their workload and get experts in to manage certain aspects of their business. The solution is easy, outsource more, do less.

[Read more…]

6 Ways GPS Tracking Can Help Reduce Costs and Increase Revenue

Sponsored Post

 

gps-tracker
Deciding to invest in new technology for your company can be daunting. Many business management tools promise significant savings but are unable to deliver results, leaving business owners and fleet managers at a loss both financially and in terms of productivity.

By reducing fuel usage and maintenance costs and contributing to loss prevention strategies, GPS trackers provide an average ROI of 17:1. The data collected by GPS devices grants business owners and fleet managers insights into driver behavior that enable them to evaluate aspects of their fleet’s operations, in turn allowing them to make changes that will lead to stronger performance and more efficient operations.

Two of the most powerful benefits of GPS trackers are increased revenue and decreased operating costs. Let’s take a look at 6 ways it accomplishes this:

[Read more…]

There’s Nothing Little about These Small Business Pitfalls

big-vs-small
If you’re running a small business, you might think that the problems you’re going to face are also shrunk in size. This isn’t necessarily true though. A small business could face the same major disasters as a large corporation. For instance, a small company could be hit with a lawsuit, see the reputation get damaged, or experienced a tech failure. Don’t forget that even small businesses are reliant on tech these days. Due to this, it’s important to be aware of these problems and learn how to handle them if you’re running a small company.

[Read more…]