Small Business Software

19 Options for Small Business Invoicing Software

An article on Business Insider stated that 40 percent of Americans will be freelancers running their own small business by the time 2020 arrives. If this proves to be true, that is a major shift in how Americans work and make their money. Sadly, a lot of new - and even experienced freelancers - fail to operate successful and sustainable small businesses. One of the main reasons most businesses disappear after the first year of operation is because they fail to achieve a stable revenue stream. Many times they get caught up in the work they are performing and they forget to [...]

2018-01-18T04:29:57+00:00 November 14th, 2017|Categories: Ongoing Management and Protection|Tags: |

8 Efficient Business Practices To Start Now

The modern business must take advantage of useful tools to run at peak efficiency. Some tools improve productivity, while others remove excess downtime among employees or lower the risk of human error. If you're looking for efficient business practices to streamline your venture, the following eight options offer excellent places to start. Efficient Business Practices to Focus On Virtual Phone Systems According to a Gallup survey, as of 2016, 43 percent of employees work at home at least part of the time. When managing remote employees, you need a way to keep them connected to their offices, especially if they [...]

Small Business Technology Solutions That Offer Growth

As technology continues to reshape the way we do business, it’s easy to jump to the conclusion that powerful tools - such as artificial intelligence and the IoT – are only an asset to bigger companies. But this isn’t true. In fact, the ubiquity of connected devices is driving more opportunities for small business owners to shine than ever before. Things move fast, and for small businesses, the only choice is to embrace digital change and learn how to reap the benefits of various new technologies. To get started, here are six small business technology solutions that companies [...]

2018-02-23T10:09:51+00:00 September 29th, 2017|Categories: Growth and Expansion|Tags: , , |

5 Tips to Help You Manage Your Books

Bookkeeping is a big concern for small business owners as many don’t have past experience managing the books. However, being smart about how you deal with it will save you a lot of time, effort, and headaches. In this article, we’ll cover 5 tips to help you manage your books. Manage Your Books With These Tips 1. Keep all of your business records organized. If you want your business to run efficiently and smoothly, you need to keep a record of every part of your business. Imagine if a client refuses to pay and it leads to a [...]

2017-12-28T06:04:17+00:00 August 23rd, 2017|Categories: Ongoing Management and Protection|Tags: |

Be Your Own HR Department with These 5 Tools

Small business owners wear many hats when running daily operations - especially when they are just starting to build their company. Their tasks include administrative work, client servicing, finance requirements and more. One of the most tedious tasks of running a business is taking care of HR requirements. Unfortunately, your HR responsibilities don’t end when an applicant signs the employment contract. This part of the business plays an important role in keeping the company running smoothly on a daily basis. However, small businesses don’t always have the luxury of hiring a dedicated team member to focus on these [...]

Should Your Company Use a Professional Employer Organization?

Small business owners may be new the phrase professional employer organization, but PEOs have been around now for several years and changing the face of human resources management. A PEO provides comprehensive outsourcing for all tasks and functions typically performed by an in-house human resources department. This may include employee job descriptions, benefits, payroll, insurance, and regulatory requirements. PEOs act as a "co-employer" with your company so that they share contractual obligations with your employees. Management decisions, however, remain with your company. You continue to guide the daily job duties and responsibilities of your employees while the PEO [...]

How to Scale Your Business in 2017

There is so much 2017 can offer to your business. We are a couple of months in, and if you are still doing business as you did previous years - you may be missing out on some major growth opportunity! Businesses are updating their processes faster than ever these days. From adding new ways of automating or discovering new apps that will make their lives easier, it all adds up to having every first quarter of the year different than before. In order to avoid falling behind and to keep up with customers fast-forward demands, here are some ways your business [...]

2017-11-14T04:21:40+00:00 March 15th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

5 Ways to Keep On Top of Your Accounting

A small business lives or dies by its cash flow. If you’re not staying on top of your accounting, you could be making significant mistakes that can derail business growth. Failing to reconcile your business bank accounts, not keeping track of income and expenses, or waiting to apply payments to open receivables leads to incomplete or incorrect accounting information. Business accounting doesn’t have to be an onerous task. With the right mindset, tools, and support, you can stay on top of your accounting and keep accurate track of your business’ income and expenses. These five tips will help [...]

How to Handle Payroll for Your First Employee

It's easy to get frustrated when you're new to hiring and you're trying to figure out how to handle payroll and the legal issues that come along with new employees. It doesn't have to be overwhelming. When business is booming and it’s time to hire your first employee, you might discover finding great talent, hiring someone, and making sure that all of your new hire paperwork is in order is often a steep learning curve for entrepreneurs. Fortunately, once you go through the on-boarding process with one employee, you’ll be ready to handle many more as your company [...]

2017-11-14T04:21:41+00:00 November 22nd, 2016|Categories: Ongoing Management and Protection|Tags: , , , , |

5 Reasons Your Business Needs a Blog

More people are purchasing goods online than ever before, and adding blog content to your website helps capture the attention of digital shoppers and beyond. U.S. eCommerce sales in the second quarter of 2016 reached $97.3 billion, an increase of 4.5 percent quarter-over-quarter and a whopping 15.8 percent increase year-over-year, according to the Department of Commerce. When your company provides blog content your potential customers are searching for, you build trust in your business and increase positive sentiment about your brand, which leads to sales when blog visitors need your product or service. Your competitors are already blogging. [...]

2017-11-14T04:21:41+00:00 September 22nd, 2016|Categories: Growth and Expansion|Tags: , , , , , |

Ready For Estimated Tax Payments?

When starting a business, you need to do quite a bit of heavy lifting. Of course, a big part of this is handling the complexities of the US tax system. In fact, one particular area that often trips up entrepreneurs is something called estimated tax payments. The main reason is that this is quite different from when you have a job. You see, a self-employed person needs to essentially do what an employer does – that is, make ongoing payments to the IRS. This often comes as a complete surprise to first-time entrepreneurs. After all, when April 15th [...]

Running Your Business: Do You Know What You Don’t Know?

With school back in session, students of all ages are learning new things—and discovering how much they don’t know in the process. Whether you’re an aspiring entrepreneur or long-time business owner, one thing is certain: like the kids who are back to school, you always have room to learn and grow. As I’ve learned and grown as a business owner, one of my favorite phrases has become, “You don’t know what you don’t know.” How true, right? It’s far too easy to fool ourselves into thinking we really know all there is to know. But the truth is [...]

Back To Basics: The Difference Between Copyright and Trademark

As the kids are back to school and studying new things, it’s also a wonderful time to revisit some basic elements of business. Whether you’re starting a business or are already running your company, knowing the difference between a copyright and a trademark is one of the fundamental “must knows” every entrepreneur should understand. So, what is the difference between a copyright and a trademark? Let the learning begin! Copyright A Copyright protects works you’ve created, such as: research, photos, blog posts, books, articles, music, art, website content, computer code, and other forms of expression. As soon as you [...]

5 Tech Trends Shaking Up Small Business in 2016

In this digital era, small businesses now have access to a wealth of tools they’ve never had access to before.  Even small startups are now able to compete in local and global markets at levels previously limited to enterprise companies. New marketing techniques, payment methods, inventory management tools, and development tools – all of these are being made possible by rapid changes in technology. And small businesses are the ones who are winning. Below are the top five trends you should keep an eye out for during the rest of the year. EMV Chip Technology Now that security [...]

How a Small Business Can Avoid Being Audited

It’s true that the odds of being audited are fairly low – under 1%.  Yet this may not last long.  The IRS has been changing some of its procedures – such as allowing agents to conduct audits via mail -- and has also been increasing its hiring. Besides, the agency tends to focus more on smaller businesses.  Why?  The assumption is that the recordkeeping is not as disciplined and business owners may be doing their own tax preparation, which could increase the risk of getting things wrong. When it comes to audits, though, there is one important thing [...]

2017-12-26T10:41:04+00:00 August 16th, 2016|Categories: Ongoing Management and Protection|Tags: , , , , |

5 Ways to Simplify the Payroll Process

Paying your employees on time can be a headache for small business owners looking to do the task themselves. It sounds simple, but when you factor in taxes, fees, and other regulations, it quickly becomes one of the biggest minefields associated with running a business. Fortunately, by following the tips below, you should be able to streamline your payroll processes with minimal effort on your end. Direct Deposit As the name implies, direct deposit is a system which enables you to send employee payments directly to their bank accounts without having to worry about costly paper checks or [...]

3 Key Ways to Reduce Costs for Your Small Business

As a small-business owner, there’ll be times when you need to boost cash flow while keeping prices competitive. Or maybe you’re just starting a business and are losing more money than expected, but you can’t figure out why. Even if you’re already frugal, there likely are plenty of ways for your small business to slim down and spend more wisely. Here are some tips from experts on how to cut costs in ways that are productive and responsible. Track your inventory, then buy in bulk where possible. This is an essential first step for new small-business owners, but enterprises [...]

2017-12-26T08:09:50+00:00 June 9th, 2016|Categories: Ongoing Management and Protection|Tags: , , |

5 Secrets Behind Effective Invoicing

For many entrepreneurs who start a business, having customers who pay on time, every time, would only happen in an alternate universe. While you can’t eliminate the hassle of nudging customers to pay, you can make invoicing less stressful. Invoices detail how much money a customer owes for goods or services provided by a business. Small-business owners use invoices for accounting and tax purposes, as well. When customers let invoices slide past the due dates, maintaining cash flow can become a challenge for business owners. To help set up your business for success, here’s how to invoice more [...]

2017-11-14T04:21:46+00:00 April 21st, 2016|Categories: Ongoing Management and Protection|Tags: , |

4 Tips to Help You Determine if You Should Spend Money on New Tech

Budgets are tight all over, and with so much new and emerging technology available to new business owners, it's difficult to know when it's wise to spend the money and when to just sit tight. Jim Browning, research vice president for Gartner, outlined four guidelines for managing IT expenses when he spoke at the Midsize Enterprise Summit. It's good advice for those who want to start a business, too. Here are some rules of thumb to help evaluate when investing in technology makes sense for your business: Align Your Technology With Your Business Goals Browning says to start by [...]

2017-12-27T14:01:30+00:00 April 7th, 2016|Categories: Ongoing Management and Protection|Tags: , |

One Month Left: 5 Last-Minute Tax-Filing Tips

If you haven’t yet filed your personal taxes, time’s a’ ticking. Here are some last-minute tips to ensure that your taxes get filed correctly. 1. Bone Up on Your Tax Deductions Before you get knee-deep in filing your own taxes or head to a tax preparer to help, it’s wise to know what tax deductions you qualify for. For example, if you work from home, you may be able to deduct your home office expenses. If you travel for work, your travel expenses may be a writeoff. 2. Know How You’ll Pay If you haven’t been paying your [...]

2017-12-06T07:54:59+00:00 March 15th, 2016|Categories: Ongoing Management and Protection|Tags: , |