10 Types of Insurance Small Business Owners Must Consider

September 26, 2016

insurance
Small businesses contribute greatly to a country’s economy. In the U.S., for instance, data from the U.S. Census Bureau showed that the number of small businesses has risen by 49 percent since 1982. Today, many individuals and groups continue to set up businesses targeting the local and international market.

Starting a business of any type requires the proper legal documents and insurance to ensure that everything is legitimate and your business is protected from various risks.

Being knowledgeable about the different types of insurance is a must. Here are 10 of them you need to consider regardless of the size of your business.

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Filed Under: Management Tagged With: ,

4 Unconventional Ways to Raise Cash in an Emergency

September 26, 2016

cash-loan
For small business owners cash flow is king. They do not have large line of credit or other ways of easily accessing the cash. Many times they will find themselves in a crunch situation when vendors are waiting at the door for the payment and you are not able to get the cash from your customers fast enough. You may need to resort to unconventional methods to get that short-term cash quickly. One of the ways to do it is by selling or putting away gold or other high value items as collateral in the hope that you will be able to pay back that short-term loan quickly. Here are 4 ways to quickly raise the cash you need by selling valuable items.

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Filed Under: Finance Tagged With:

Can Your Small Business Ever Become Next Amazon?

September 23, 2016

amazon
It’s no big secret that Amazon is the world’s largest online retailer. The e-commerce giant started out life as a small website that just sold a few books. Today, you can go on the Amazon website and buy just about anything! Yes, they still sell books. But, you can also get electronics, homewares, even food!

Jeff Bezos, the guy behind Amazon, is worth around $66.9 billion. And all that from a small e-commerce website founded back in 1994. Now, I know what some of you are thinking. Amazon got established during the Web’s infancy. There’s no way anyone could start an e-commerce store and topple Amazon today! Or, is there?

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Filed Under: Management, Marketing Tagged With:

Benefits of Employee Engagement

September 23, 2016

employee-engagement
Half of adults have left a job to get away from their manager at some point in their career, according to a Gallup survey. And since 2000, when Gallup first began measuring employee engagement, less than one-third of Americans are engaged in their jobs in any given year.

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Filed Under: Management Tagged With:

Common Management Styles

September 23, 2016

management-style
When considering career success, tangible qualities often come to mind, such as the type of work and salary. But one critical factor to your success is leadership style, both in how you manage people and how you like to be managed. Effective managers can improve productivity and employee morale and reduce turnover.

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Emotional Intelligence in Business

September 23, 2016

emotional-intelligence
Throughout history, scientists have tried to measure intelligence in many different ways and formats. These measures of intelligence have been used to rank people in ability, talent and other characteristics. For a business seeking new employees, finding highly intelligent candidates is key. But how much does intelligence truly relate to workplace success? Does emotional intelligence factor in, and if so, how?

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5 Tips to Prevent Serious Accident from Happening in the Workplace

September 22, 2016

workplace-injury
A serious accident in the workplace can affect small business owners in a big way. As an employer you have a legal responsibility to prevent people being harmed or becoming ill the workplace. Serious injuries or accidents in the work place can not only cause disruption to the business and lead to extra expense, it can also damage your reputation. An ounce of prevention is worth a pound of cure.  So it is in your best interest to take steps to prevent these accidents from happening in your workplace. Here are 5 tips to do just that.

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Filed Under: Employees Tagged With: ,

How can Students Benefit from Short-term Loan Providers

September 21, 2016

Loan
Getting higher education by attending college is more important than ever in this global economy. At the same time, it has become more challenging to support the cost of attending the college. Ideally, students attending the college should not have to worry about how they are going to pay for it and instead focus their effort on gaining knowledge and studying, but in reality it doesn’t work that way.

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Filed Under: Finance Tagged With:

Should You Buy New or Used Equipment for Your Business?

September 21, 2016

new-versus-used
Deciding whether to buy new or used equipment is a choice more small businesses should be making. That’s because many small business leaders only buy used when they don’t have any other choice. Once they can afford new gear they never go back to pre-owned. While there isn’t much that can be done to magically afford new equipment, there’s no reason companies capable of buying new have to do so every time. In fact, buying pre-owned gear for your business is often preferable to new, as the following examples show:

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Filed Under: Operations Tagged With:

Did you know? Happy employees are 12% more productive

September 20, 2016

Happy business people laughing against white background
Companies and HR professionals have debunked the general perception that higher salaries equate to increased productivity of employees. They have also accepted that happy workers yield better output. But a study by economics professors from the University of Warwick gives scientific support to these assumptions.

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