They may not have the powerful specs of their Apple and Windows counterparts, but Chromebooks are an innovative solution for the majority of users who perform most of their computing online. We looked at the most popular options and reviewed the Asus Flip C302CA, Samsung Pro, and Acer 14 Chromebooks in-depth below. These solutions covered… The post Best Chromebook for Business: Which Chromebook Is Right for You? appeared first on . from http://fitsmallbusiness.com/best-chromebook-for-business/
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A cash out refinance occurs when an investor takes out a new loan on an existing property to extract equity from that property. Cash out refinances happen when an investor refinances for more than the amount currently owed and receives the difference in cash. The cash is then used to invest in a new property… The post Cash Out Refinance: The Ultimate Guide for Real Estate Investors appeared first on . from http://fitsmallbusiness.com/cash-out-refinance-guide/ Are you looking for an easy way to sell products on a WordPress site? Then look no further than the Ecwid online store plugin. This full-featured ecommerce platform turns any WordPress site into a selling machine, and our guide will get you up and running in 8 easy steps: How to Add an Ecwid Online… The post How to Use Ecwid to Sell Products on a WordPress Site appeared first on . from http://fitsmallbusiness.com/use-ecwid-to-sell-on-wordpress/ Presentation software allows your sales reps to pitch your products and services more clearly, powerfully and professionally to your customers. We looked at the available options and decided to review Slidebean, Canva and PowerPoint. These three options cover the range for small business in terms of features and support. Best Presentation Software for Small Business: Slidebean… The post Best Presentation Software: Slidebean vs. Canva vs. PowerPoint appeared first on . from http://fitsmallbusiness.com/best-presentation-software/ Purchase order financing (PO financing) is an advance from a financing institution that pays your suppliers for goods you’re reselling or distributing to a customer who has completed a written purchase order. You can finance up to 100% of the purchase order costs with typical rates falling between 1.8% and 6% per month. In this… The post What is Purchase Order Financing and How Does it Work appeared first on . from http://fitsmallbusiness.com/purchase-order-financing/ Guest Article As a business, there are many pressures on your financial resources. In order to grow, you need to make a profit. But you also need to invest in your business. Is property still a shrewd financial investment and is it something a business should consider? For many, investing in property is seen as a prudent investment of your hard-earned profits. Investing in your own building it’s a great way to have your own world headquarters or even branch out and expand your service offerings. You can also leverage commercial property by renting to tenants. Long Term Investment Firstly, investing in a commercial property is a long-term investment. The days of making tens of thousands of dollars in quick cash within weeks or months of buying and selling a property are long gone, for the foreseeable future at any rate. In other countries, the real estate market is quite buoyant. In New Zealand, the gap between supply and demand is such that in some locations, buyers are making amazing profits within days by selling at an inflated price to what they bought. However, for those businesses thinking of buying their own commercial building there is a risk to investing in property, and the maintenance of a facility is something else to consider. Commercial real estate is not a ‘get rich quick scheme’. How to Successfully Invest in Property The following is a point-by-point guide to how your business can successfully invest in property but as always when it comes to making investments, you should always seek advice tailored to your own specific circumstances. 1. Financial Roadmap Investing in property means having a firm grasp of your business finances, both now and in the future. This means drawing up a long range financial plan that sets out your business’s financial status and how you would expect this to change in the future. It would also specify the level of investment, as well as a financial ‘buffer zone’ for maintaining property and so on. This is something a business should do for its own property, as well as for any it rents to tenants. 2. Evaluate the ‘Risk Comfort Zone’ Some people are more prepared to take a risk with their profits and income than others. Known as the ‘risk comfort zone’, you need to make sure your business income is stable enough to make an investment in a property. The important thing to understand is stretching in terms of investment and risk can lead your business down a dangerous path. Investments should protect your business and build it for the future, and not be the shifting sands that could topple your business. 3. Consider a Mix of Properties Businesses with a successful property portfolio have a mix of properties. This may be both commercial and domestic properties. Once you are successful with your business location, it might make sense to invest in residential properties and court tenants and buyers are from different sectors. This spreads risk as well as spreading investments. 4. Rebalance your Portfolio from Time to Time Don’t treat your long-term investment property like a set it and forget it business one you engage a management company to run it. Ignoring real estate for years could be to your detriment.Property investment specialists suggest that rebalancing a property portfolio is a great way of ensuring that you reap maximum rewards from your investments. This means watching the property markets, understanding the shifts in its and taking advantage of opportunities as they arise. From investing in commercial properties, to shifting the focus to different areas of the country, to gain the most from investing in property, you need to remain alert and switched on to what the market is telling you. Many businesses invest in building their own commercial space, but there may also be a possibility to investing in creating your own ‘business park’. With start-ups to medium sized enterprises looking for modern, affordable office spaces and units, creating a unique space for other businesses to operate from could be a worthwhile risk and investment for your business to take. As a business, there are many opportunities and threats to your business. Expanding your business takes capital and when banks and lenders are not as free with their credit facilities as they once were, you need to take a more out-of-the-box, creative view to create capital in the longer term. Property can provide a healthy profit margin, but it must be a deliberate purchase. It is an investment that must be nurtured and planned out. Keep your finger on the pulse of the property and rental market, both domestic and commercial, to ensure that your portfolio remains as strong and profitable as it possibly can. About the author James Trotter is a Marketing Assistant at MTX Contracts, a specialist construction company. Providing bespoke building solutions to clients all over the UK and Europe, James has his finger on the pulse of the property markets. The post 5 Factors to Consider Before Investing in Property for Your Business appeared first on Succeed As Your Own Boss. from http://succeedasyourownboss.com/5-factors-consider-investing-property-business/ In this guide, we introduce you to the sales funnel, which can help you improve the integrity and performance of your sales process. We will then take you through a step-by-step guide to show you how to create your own sales funnel using our sales funnel template. We’ll also show you how you can use tools… The post What is a Sales Funnel & How to Build One for Your Small Business appeared first on . from http://fitsmallbusiness.com/sales-funnel/ Insurance is not a sexy topic for a business owner, but it is necessary to think about. Protecting both your business and yourself should be a top priority as an entrepreneur. When is the last time you looked over your business insurance needs? Have you recently added payroll employees? Moved into professional office space? Or got a contract for a Fortune 100 Company? Let’s first review the different types of business insurance available so that you can figure out what you need to have in your business. After that, we’ll address some insurance questions. Worker’s Comp If you have payroll employees, you are required to carry worker’s compensation coverage. How much depends on what your state requirements are and what your employees do. Typically, this type of insurance policy protects your business from having to pay medical expenses and disability payments if an employee is injured on the job. General Liability The last thing you want is for a customer to slip on a wet floor and fall, and then sue you. You also don’t want to be doing a contract for a major corporation and something happen to one of your employees on their location. General liability coverage those types of challenges, but it will also pay for theft, fire damage, destruction of property and any medical expenses or settlements in instances like these. You are also required to have a general liability policy if you have an office lease or retail location. Errors and Omissions This type of liability insurance is important if you provide professional services or consultation, as it protects you in the case of a civil lawsuit. If a client says you gave him bad advice and he sues you, the insurance will help cover your legal expenses. Some corporate contracts will require this type of insurance so check to ensure you have what you need to be covered. Key Man Coverage If something were to happen to you or your business partner, what would happen to the business? Often, major illness or death means the immediate demise of a business, and that’s why key man coverage is so important. It helps companies through the loss of a key member of the executive team. Even if your partner and surviving spouse decides to sell or shut the business down after your death, this policy will provide the funds to pay off debts and pay severance to employees. Answering Your Business Insurance Questions I have a home-based business. Do I still need business insurance? Absolutely. Running a business out of your home doesn’t invalidate it as a business, and you have many of the same risks and liabilities as any other business. Look into a business owner policy, which will protect your home office equipment in case of loss, theft, or damage.At the very least, you need general liability coverage, as well as maybe errors and omissions coverage if you are a service provider. How much coverage do I need? The answer is it depends on the type of business. You may be required in certain circumstances to carry a specific amount of coverage, such as if you do business with major corporations. Vendors are typically required to have at least a $2 million liability policy to protect their interests in interacting with your business. Where should I store insurance documents? Store insurance documents in a safe place. Small business owners should keep their insurance policy and certificate of insurance in a fireproof safe or safety deposit box at a bank. Doing so will make sure you can contact your insurance provider quickly should you need to file a claim. The last thing you need is to scramble to find the necessary paperwork in an emergency. What should I do before applying for business insurance? Talk to your current home owner’s insurance provider to start, but get three quotes. Review the terms in business contracts with large corporations to see if there are business insurance requirements you must meet. It’s also wise to review your financials and build an equipment list so you can answer questions for an insurance broker who will develop a quote, as well as determine the appropriate amount of coverage. How much will I pay for business insurance? That will depend on what kind of coverage you elect, but there are insurance companies that cater to small businesses like Hiscox. A general liability policy for can be as low at $500 a year. Factor this expense into your budget so you can afford it when the annual renewal bill comes due. How can I save money on business insurance? There are a few ways to do this. First, shop around to find the best price for the coverage you need. Next, see if the insurer offers discounts for bundled policies. If you plan to buy multiple business policies, you may qualify for a discount for selecting them all from the same insurance company. See if paying for a year’s coverage reduces what you pay versus a monthly payment. Paying more now can save you in the long run, so be smart about it. You may never need business insurance to do its job, but you’ll kick yourself if you don’t have it and then need it. It’s a worthwhile expense to ensure that you have peace of mind in protecting your family and your business. The post What Kind of Business Insurance Do You Need? appeared first on Succeed As Your Own Boss. from http://succeedasyourownboss.com/kind-business-insurance-need/ You may think that people will come to your gym simply because it’s close by, but it takes more than just proximity to get them through your door. Effective gym marketing ideas are key to not only getting customers to join, but to maintaining your relationship so that they keep coming back. We’ve gathered some… The post 25 Gym Marketing Ideas From the Pros appeared first on . from http://fitsmallbusiness.com/gym-marketing-ideas/ An ecommerce business plan defines and directs the various factors that go into an online store’s launch and continued growth. Like all business plans, cost estimates and budget forecasts are part of the equation. But for some ecommerce businesses, the management of startup funds plays a surprisingly minor role in the overall plan. There are… The post Ecommerce Business Plan – How to Start Your Online Business off Right appeared first on . from http://fitsmallbusiness.com/ecommerce-business-plan/ |
AuthorHello I am Teri Crawford 26 years old living in Toronto, Canada. I have recently finished my MBA and planning to start my own business. Archives
November 2018
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