v How to Attract, Hire, and Retain Unicorn-Level Talent By www.small-business-software.net Published On :: Mon, 4 Nov 2019 16:57:17 -0400 How do you hire, onboard, and retain a great team? You start by viewing your company through the EQ lens to discover your organizational obstacles―the elephants standing in the way of your company's success. Attend this webinar, How to Attract, Hire, and Retain Unicorn-Level Talent, as headhunter and executive coach Caroline Stokes delivers a blend of recruiting and emotional intelligence strategies essential to helping you identify and tackle your elephants and acquire and retain key hires―those unicorns―that will help your company stand out, stay resilient, and drive growth. complete article Full Article
v Cyberattacks now cost small companies $200,000 on average, putting many out of business By www.small-business-software.net Published On :: Wed, 13 Nov 2019 19:15:30 -0400 - Forty-three percent of cyberattacks are aimed at small businesses, but only 14% are prepared to defend themselves, according to Accenture. - These incidents now cost small businesses $200,000 on average, reveals insurance carrier Hiscox, with 60% of them going out of business within six months of being victimized. - More than half of all small businesses suffered a breach within the last year. - Today it’s critical for small businesses to adopt strategies for fighting cyberthreats. complete article Full Article
v 16 Creative Ways to Get Press Coverage for Your Small Business By www.small-business-software.net Published On :: Mon, 18 Nov 2019 19:19:58 -0400 In other words, press coverage is priceless, but where do you start? To find out more, we asked 16 marketing experts and entrepreneurs to share interesting and cost-effective ways to get media coverage. complete article Full Article
v Small Businesses Must Take Advantage of the Democratization of Data By www.small-business-software.net Published On :: Wed, 20 Nov 2019 19:26:29 -0400 Learn how the easy availability of big data can help SMBs compete with big businesses. - Data is now easier to collect and cheaper to host, making it accessible to nearly every business. - The availability of data helps small businesses compete against big corporations, but they may still struggle to use that data in practical ways. - Three ways small businesses can use big data to grow include checking on credit data about your business, monitoring supply chain data, and keeping an eye on artificial intelligence and automation innovations. complete article Full Article
v Company Emerges to Help Small Businesses Compete with Amazons Same-Day Delivery—But With Green Cred By www.small-business-software.net Published On :: Wed, 8 Jan 2020 19:20:46 -0500 As companies like Amazon, Walmart, and Target begin to dazzle us with the growing possibility of same-day delivery, it’s becoming harder for small businesses to compete in ways that provide the same speedy delivery without relying on high-emission forms of commercial storage or transportation options like renting space in large warehouses and air delivery. That is all now changing thanks to an organization called Ohi—a US-based warehousing and delivery service that allows small businesses to offer speedy, sustainable delivery options. Complete Article Full Article
v 10 Resolutions and Improvements for Your Small Business to Consider in 2020 By www.small-business-software.net Published On :: Fri, 17 Jan 2020 19:28:14 -0500 The start of a new year provides the perfect opportunity for business owners to set new goals and find unique ways to improve their operations. There are plenty of different options for your 2020 resolutions, from shoring up your finances to organizing your online presence. Here are some suggestions and tips from members of the online small business community. Grow Your Savings with Money New Mindset If one of your resolutions for 2020 is to save more money for your business, you may need to shift your mindset. So how can you look at things a bit differently in the new year? Jamie T. Wiseman of Miss Millennia Magazine explores a handful of mindset shifts in this post. complete article Full Article
v Get Motivated Going Into the New Year With These Top Small Business Stories By www.small-business-software.net Published On :: Wed, 22 Jan 2020 19:31:19 -0500 The first weekly roundup of 2020 starts with some motivational quotes to get you up and running for the new year. Once you are all pumped up, an article about the economy should also get you excited. The report says all 50 states have improved their GDP since the 2016 election. And if the rally of the stock market on January 2, 2020 is an indicator of things to come you can expect even better numbers. The optimism for the coming year is also being shared by business leaders. Over two thirds or 76% of them say they see similar or more profits in 2020. The data comes as part of a survey that polled 940 business owners in this article. complete article Full Article
v 5 Small Business Trends to Leverage in 2020 By www.small-business-software.net Published On :: Mon, 27 Jan 2020 19:34:50 -0500 If you have a small business, it is essential to keep up with the latest trends in technology, marketing, customer service and other areas that affect your business. Each business is unique, so every trend doesn't necessarily impact you equally. However, all major trends do influence your customers' expectations, so it is good to be up to date. Here are some of the most significant trends I'm currently seeing that will impact small businesses in 2020 and beyond. complete article Full Article
v Five effective small-business trends every business leader needs to check out By www.small-business-software.net Published On :: Tue, 24 Mar 2020 13:47:38 -0500 Small businesses are often on the cutting edge because they have to be. With smaller foundations and limited budgets, small-business owners have to think on their feet every day, developing strategies that boost productivity and the bottom line. Because a small business can not afford to embrace strategies that do not provide quick, measurable results, the trends that spring up among them are likely to make a positive difference in any company. complete article Full Article
v Survey: 60 Percent of Small-Business Owners Think Their Revenue Growth Is Below Average By www.small-business-software.net Published On :: Wed, 26 Feb 2020 13:49:45 -0500 According to a new survey, the results of which were first published by Inc. on Tuesday, odds are good that you identify more with option A, even if option B is your reality. In a poll of 620 U.S. small-business owners, conducted by online lender and small-business cash-flow platform Kabbage, 60 percent of respondents believed their revenue growth underperformed that of their peers. complete article Full Article
v 5 Deductions Small Business Owners Do Not Take Advantage Of By www.small-business-software.net Published On :: Fri, 28 Feb 2020 13:51:14 -0500 A lot of small businesses appear to be doing just that though. In fact, the National Federation of Independent Businesses found that tax compliance costs are 67 percent higher for small businesses than larger ones. They add up to $18-$19 billion per year across the U.S small business environment. With the complexity of filing taxes quickly each year, many small business owners miss deductions that can help lower their tax burden. complete article Full Article
v 7 Bad Habits Small Business Owners Should Avoid By www.small-business-software.net Published On :: Mon, 16 Mar 2020 14:09:50 -0500 As you take the helm and begin guiding your business into the future, you would be well-advised to listen to suggestions from people who have already made the mistakes they can help you avoid. By the way, you are going to make mistakes. If you can accept that and learn from your mistakes, it will all amount to nothing more than an on-the-job education. complete article Full Article
v Small business confidence rises, signaling a more positive outlook for the US economy By www.small-business-software.net Published On :: Mon, 30 Mar 2020 14:17:30 -0500 Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade deal with China and the signing of the USMCA. This is a sharp turnaround from the lows seen last summer as trade turmoil weighed on Main Street’s outlook. complete article Full Article
v How to get aid for a small business hit by coronavirus crisis By www.small-business-software.net Published On :: Mon, 6 Apr 2020 07:59:08 -0400 Millions of small business owners will be turning to the government, seeking help for an individual and nationwide cataclysm, the economic devastation caused by the coronavirus outbreak. The government says it will begin disbursing loan money to company owners and freelancers Friday under the Paycheck Protection Program, part of the $2 trillion relief package signed into law last week. For many companies, it may be the quickest way to rebuild the lifeblood of any business: the cash flow that enables a company to pay its bills. complete article Full Article
v FinTechs Must Be Involved In Paycheck Protection Program Lending For Small Business By www.small-business-software.net Published On :: Fri, 10 Apr 2020 08:02:30 -0400 Small businesses drive the economy and create the lions share of jobs in the private sector economy. However, right now they are struggling mightily. Although it is recommended that companies have at least six months’ worth of revenue in the bank to weather economic disruptions such as the coronavirus, the reality is that most small companies don’t have enough cash to operate more than a couple of weeks. For the service industry: restaurants, nail salons, haircutters, landscapers, athletic trainers, and others, the loss of weekly revenue is devastating for the owners and staff of small businesses. Most service workers live paycheck to paycheck and cannot go very long without being paid. We have already seen an enormous spike in unemployment claims, ending an era when the economy has basically been at full employment. complete article Full Article
v What it is like to lose your small business to coronavirus By www.small-business-software.net Published On :: Wed, 15 Apr 2020 12:14:59 -0400 We had to terminate all of our employees. We talked about different options, like furloughing employees, which is a temporary termination. We talked to tons of other business founders and really leaned on legal advice to the extent that we could. In the end, we had to terminate all of our employees, which we thought was the best for them, because they could file for unemployment very quickly. When the seven-day wait period for filing for unemployment was waived, we felt that was the best way forward. complete article Full Article
v One Way to Start a Lucrative Career From Home That Could Pay $50,000 in a Day By www.small-business-software.net Published On :: Thu, 23 Apr 2020 12:17:55 -0400 We are in the midst of a difficult time in history. The COVID-19 pandemic is causing a health crisis, and both the economy and jobs are suffering as a result. While many of us can work from home, others cannot. But if a silver lining exists, perhaps it’s this: Now is the perfect time to learn a skill or launch a new career. Affiliate marketing gives you that opportunity. complete article Full Article
v 8 Ways Business Owners Can Take Advantage of the Federal Stimulus Package By www.small-business-software.net Published On :: Mon, 27 Apr 2020 12:40:43 -0400 There is a strategy to maximizing all the benefits of Congress recent $2 trillion stimulus package in response to the COVID-19 pandemic. It is not just applying for the Paycheck Protection Program (PPP) or tapping into your 401k. In fact, there are actually eight key pieces to the legislation that can assist business owners in one form or another. complete article Full Article
v Essential Business Survival Guide for the Covid-19 Crisis By www.small-business-software.net Published On :: Fri, 1 May 2020 12:47:52 -0400 Expert advice on handling panicked customers, interrupted supply chains, webinars, Zoom meetings, hyper kids, and a work environment that changes by the hour. complete article Full Article
v How to Market Your Business During Covid By www.small-business-software.net Published On :: Mon, 18 May 2020 06:59:23 -0400 Make communication a priority In response to the restrictions temporarily in place, companies large and small have made changes to the way they do business. Restaurants are offering curbside pickup. Many retailers have closed their brick-and-mortar stores but are ramping up e-commerce with free delivery and 24-hour customer support. Grocery stores have introduced new cleaning protocols and special senior shopping hours. No matter your industry, be proactive in sharing this information with customers and keeping them updated. In this digital-first era, all types of businesses are much better equipped to reach customers, both existing and prospective. By using multiple platforms — posting on social media, sending mobile messages, and updating your website and directory listings such as Google My Business — your business has the ability to connect with customers quickly and easily. Be transparent We are living through a period of uncertainty in which nearly every American is affected by this pandemic in some way. It’s important to acknowledge that publicly. Practicing sensitivity and transparency in light of our current economic climate is not only appropriate — it’s necessary. Soften the tone in your messaging and infuse empathy in recognition of what’s happening all around us. Full Article
v 10 Must-Have Content Marketing Tools For Small Business Owners By www.small-business-software.net Published On :: Wed, 20 May 2020 07:00:26 -0400 Customers go through a journey before they commit to a purchase. As a small business owner, it is your duty to engage and interact with them until they do so. And when they do, you continue to nurture them so they become your brand’s advocates. With content marketing, you can convert random online searchers to website visitors, make them a part of your tribe and drive more sales by consistently providing them with valuable information. Full Article
v Evolutionary Branding: Know The Jungle By www.small-business-software.net Published On :: Wed, 27 May 2020 07:04:36 -0400 The law of the jungle states, in evolutionary terms, that only the fittest survive. Before you can effectively brand an organization, you need to understand its clients/customers/donors/community and its competitors. In the marketing world, this is called a landscape analysis. Often, companies — especially startups and nonprofits — will say they do not have competitors. Let me get this out right away: Everyone has competitors. Even nonprofits. If you think you do not have competitors, that means you don’t understand what a competitor is. A competitor is any person or organization taking business away from you. Full Article
v Why Branding Matters Now More Than Ever By www.small-business-software.net Published On :: Fri, 29 May 2020 07:06:26 -0400 As the Covid-19 outbreak wreaks havoc on the retail industry, some are asking a curious question, namely: will companies boost their spending on branding in the aftermath the crisis? What I find strange about this question is the assumption that branding is something you turn on and off, like a light switch; that it is somehow a conscious decision or undertaking that brands embark on as necessary or when it best serves them. I suspect this is because we’ve long confused the concepts of branding and advertising. They are not the same. Advertising is what a brand says about itself to consumers. Advertising is a conscious effort on the part of a brand to promote itself, its products and its services. Advertising can be bought and sold. Advertising is transactional. Branding, on the other hand, is a very different thing. Branding is what others think and say about you. And it’s informed by a wide range of inputs, far beyond what a brand says about itself. More critical is what a brand actually does or doesn’t do. Branding reflects the sum total of every organisational action, set against the backdrop of culture, all of which reveals the true character of a company. Branding cannot be bought or sold. Branding is transformational. Full Article
v 60% of Small Businesses Do Not Have a Cybersecurity Policy: Survey By www.small-business-software.net Published On :: Fri, 5 Jun 2020 07:11:42 -0400 Social distancing amid COVID-19 has forced millions of businesses to set up remote workstations that rely solely on Web applications and services (SaaS) to conduct business operations. According to a new survey by the Cyber Readiness Institute (CRI), the virtual workplace has increased cybersecurity concerns for small business owners, as most of them have not implemented remote working policies to address cybersecurity threats. The survey, which included 412 small business owners, revealed that while most small business owners are concerned about cyberattacks, many lack the resources to invest in necessary security measures – and half of them are worried that remote work will lead to more cyberattacks. It revealed that only 40% of small businesses have implemented a cybersecurity policy. Around 40% of businesses stated that economic uncertainty prevents them from making security investments. While 46% have offered training to help their employees stay secure while working remotely. Nearly 51% of business owners surveyed said they provided employees with technologies to improve cybersecurity for remote work. And 55% of them said they believe federal and state governments should provide funding for cybersecurity products and services. Full Article
v Verizon Business Survey Finds 68% of Small Businesses Believe They Can Recoup COVID-19 Related Losses By www.small-business-software.net Published On :: Mon, 8 Jun 2020 11:24:24 -0400 Verizon Business today released findings from a recent survey, Small Business Response to COVID-19 to better understand the impact small business owners and decision makers feel COVID-19 has had on their businesses. The survey, conducted by Morning Consult, focused on 500 small and medium businesses that are currently open or plan to reopen. One of the survey’s key results is that small businesses have renewed confidence, with 68% believing they can recoup COVID-19 related losses. Key Survey Findings: As businesses grapple with the economic impact of COVID-19, these responses highlight the assistance small businesses feel they need, the communities they feel most supported by, and the changes they have made to adjust to the new normal. 1. A Renewed Confidence The small businesses that have weathered this pandemic to date express an overall optimism and the financial wherewithal to eventually reopen. 68% of small businesses believe they can recoup COVID-19 related losses 46% (nearly half) of small businesses that remain open say their businesses will be able to stay open for more than six months if the pandemic continues in the same way 48% of small businesses say it’s unlikely they will need to resume operations with a smaller staff While 78% of small businesses indicate declining sales, less than a quarter (24%) say that they have missed or withheld any payments of bills (rent, utilities, etc.). Full Article
v These Companies Found a New Niche in Coronavirus Disinfection By www.small-business-software.net Published On :: Wed, 10 Jun 2020 12:08:12 -0400 The pandemic is revealing to small businesses just how versatile they are. So: A home-decor company, a skirt designer, and a business that makes boots for horses all realize they can craft face masks. A manufacturer of pet supplements and a hot sauce company join myriad craft distilleries in production of hand sanitizers. The task of disinfecting workplaces tainted by or vulnerable to coronavirus also has attracted a variety of unexpected entrants. At AK Wet Works, the partners set out at once to reengineer their dustless blasters to produce a cold vapor fog that can sterilize 20,000 square feet an hour. In 100 hours, they produced a working model and began converting all 10 of their machines. Seeking validation for their plan, the founders reached out to FQE, a local chemical company with an EPA-approved coronavirus disinfectant, to create a blend for them. Thinking their idea might have legs outside the Houston-area market, they next approached MMLJ, the original blaster manufacturer, which agreed to mass-produce the modified parts and market them to its large client base. MMLJ is paying a royalty to AK Wet Works, Bland says. Full Article
v Why Did This 17-Year-Old Turn Down $8 Million for His Coronavirus-Tracking Website? By www.small-business-software.net Published On :: Fri, 12 Jun 2020 12:12:53 -0400 Seventeen-year-old Avi Schiffmann is an entrepreneur. But he is a different kind of entrepreneur. He’s not in it for the profits, fame and continued growth opportunities. At least, not right now. Schiffmann, a high school teenager who lives in Washington State, has attracted worldwide attention through his amazing Survival Rate Calculator website, which tracks critical information related to the coronavirus outbreak. Since launching the site during the early stages of the pandemic, Schiffmann's web crawlers have been configured to pull in, parse and process real time data from the World Health Organization, Centers for Disease Control and other governmental websites and convert that data to show infections, deaths, recoveries and rates of change for all countries around the world. The site breaks down infections on user-friendly maps, provides health information and also attempts to calculate a survival rate of someone who contracts COVID-19, based on user-submitted health data of age, gender and other health factors. Is the site popular? You bet. According to a profile of Schiffmann on Business Insider, the site attracts about 30 million visitors a day and 700 million total so far. Full Article
v 5 Things You Can Do Right Now to Prepare for the Post-Coronavirus Business World By www.small-business-software.net Published On :: Wed, 17 Jun 2020 12:17:02 -0400 Social distancing. Telemedicine. Self-quarantine. These are all words that at the start of 2020 weren't part of our vocabulary, but several months into the new decade we are all hearing and using them daily. There is no denying that the coronavirus outbreak has dramatically changed just about every facet of just about every person’s life around the world. From a business perspective, the stock market saw its largest one day loss and largest one day gain in history. The U.S. saw the largest job-loss report ever. We are in uncharted waters, and how long we will remain in them remains uncertain. However, there is one thing that we all know, and that is that this outbreak will change the lives of everyone for years or decades to come. Nearly 20 years after 9-11, enhanced airport security, no-fly lists and counterterrorism efforts are still the norm. The same will be true of the COVID-19 aftermath. Is your business ready for the five largest macro trends we are about to see? 1. The rise of enhanced websites and digital tools 2. Cybersecurity concerns take center stage 3. An increase in virtual meetings 4. Increased control in expenses 5. Even more remote employees Full Article
v Small Business Guide to Video Marketing By www.small-business-software.net Published On :: Fri, 19 Jun 2020 12:18:21 -0400 The current global forecast estimates the average person will watch 100 minutes of online video each day in 2021. In fact, a survey of marketers reveals 88% of them say video marketing provides them with a positive Return on Investments (ROI). Furthermore, 92% of marketers say video is an important part of a marketing strategy. With 75 million Americans watching online videos every day, video marketing offers enticing opportunities for marketers to capitalize on the rise in popularity of online videos. The good news is you don’t need much to get started. With a good camera or a decent smartphone, you too can make great videos for your business. Your marketing video can be used for your website or social media platforms like YouTube, Facebook, and Instagram; the sky is literally the limit. A caveat here is making a marketing video requires a bit of a learning curve. First, you will need to have the right amount of knowledge and tools to make a meaningful impact from your video marketing effort. Full Article
v 6 Cybersecurity Must-Haves for Your Business By www.small-business-software.net Published On :: Mon, 29 Jun 2020 12:26:27 -0400 In the current environment, cybersecurity is essential for businesses of all sizes. Many small or medium-sized businesses find themselves without adequate cybersecurity, either as a result of believing that they don’t need it or simply overlooking it among the many demands that come with running a business. 1. Use protection against ransomware 2. Invest in employee security training 3. Adopt multifactor authentication 4. Use a Security Information and Event Management system 5. Implement effective systems for protecting and monitoring data 6. Have a plan for mobile device security Full Article
v 5 Smart Small-Business Moves to Make During COVID-19 By www.small-business-software.net Published On :: Fri, 3 Jul 2020 12:49:22 -0400 1. Apply for a line of credit 2. Have cash on hand 3. Negotiate with your vendors 4. Be as adaptable as possible 5. Invest in safety Full Article
v Small Business SEO: Seven Tips To Rank Your Website On Google By www.small-business-software.net Published On :: Thu, 6 Aug 2020 14:05:31 -0400 1. Develop a professional mobile-friendly business website. Your website must be professional and should provide a rich experience and the feel of your brand to users. Here are a few tips to make your website professional and SEO-friendly: • Use your business logo and branding on your website. • Make sure your website is mobile-friendly (more than half of local searches are mobile searches) • Your website should load in less than three seconds. • Use a clean, minimal design, and avoid fancy styles. • Your website must be well structured and easy to use. Many business owners waste too much money creating a professional small business website. But there is no need to waste too much money on a business website. You can create a professional website for less than $500. So do not waste more money on website design, but invest that extra money in SEO. 2. Identify profitable keywords. The success of an SEO campaign depends on the targeted keywords. Thats why you need to choose the right and profitable keywords for your small business. All keywords are not equal; some keywords could have high search volume but not profitability, while some could be profitable but have small volumes. Also, focus on long-tail keywords because they are easy to rank and more profitable than short keywords. The profitability of a keyword depends on the nature of the keyword. For that, you need to understand the intent behind that keyword — why a user is searching that. For example, when a person searches ice cream on Google, they want to know about ice cream, which means it has informational intent. But when a person searches for best choco-milk ice cream near me, the person wants to eat ice cream. This will be a profitable keyword for you to target. 3. Create a separate page for each product. I found that many small businesses list all their products on one page like the homepage, but this is not a good practice. If you want to get more profit from your local SEO efforts, then you should create specific pages for each product. That way you can rank higher for each product page for multiple keywords. For example, if you have a clothing store website, then you need to create separate pages for each product, such as one page for jeans and another for shirts. Also, you can create further subpages, such as jeans> men jeans> blue jeans. This can boost your rankings and revenue and reduce your efforts. 4. Use schema. Structured data is helping Google better understand webpages. That’s why it can help you rank higher and get the advantage of other SERP features like featured snippets, knowledge graphs, etc. Product schema, local business, FAQ and others are must-use schema types for every business. Full Article
v 6 tips for starting a business during coronavirus By www.small-business-software.net Published On :: Thu, 13 Aug 2020 14:10:42 -0400 The coronavirus pandemic has placed tremendous stress on the American economy. More than 55 million Americans have filed for unemployment, and more than 100,000 small businesses have been permanently shuttered, according to the National Bureau of Economic Research. Though the news seems dire, these changing times could present an opportunity if you are a hopeful entrepreneur. Whether you have been planning to start a business for years, you have been laid off and are looking for new opportunities or you are moving your existing business in a new direction, now might be the time to figure out how to start a business. Full Article
v Wear A Mask to Save Small Businesses By www.small-business-software.net Published On :: Thu, 20 Aug 2020 14:33:13 -0400 There is no easy way to say this: America’s small businesses are dying. Small businesses in some industries – retail, restaurant, travel, hospitality – can now be considered endangered species. If you want to help them survive – if you want your own small business to survive – the most important thing you can do is simple: Wear a mask. Wear a mask. It is not a political statement. It’s a way to try to stop the spread of the coronavirus, get this country reopened and save lives and businesses, especially small businesses. Consider just a few statistics: • Yelp reported 71,500 businesses that were listed on their site have closed for good since March 1. • 80% of independent restaurants aren’t sure they’ll survive the COVID-19 pandemic. Full Article
v When School Goes Virtual, Startups Step Into the Breach By www.small-business-software.net Published On :: Tue, 25 Aug 2020 14:37:01 -0400 With a chaotic and largely unsuccessful spring semester behind it, the country is getting ready for a school year unlike any other--and teachers, staff, and parents will need all the help they can get. Education technology companies are well positioned to capitalize on the shift to remote learning. Full Article
v When Covid Upends Your Small Business By www.small-business-software.net Published On :: Mon, 31 Aug 2020 15:07:53 -0400 On March 16, Lisa Eskenazi Boyer was working up a sweat with her students one last time at her bustling Queens, New York, fitness studio. Covid-19 lockdown orders were about to take effect, and Simply Fit Astoria — along with all other local gyms — would have to close its doors later that night. She never expected it to be for good..... Full Article
v How to Craft An Elevator Pitch That Gives People Chills in Under 20 Seconds By www.small-business-software.net Published On :: Wed, 2 Sep 2020 15:12:56 -0400 How people usually do elevator pitches Among those who put thought into their elevator pitches, there tends to be two basic formulas: Formula A: Introduce oneself and the name of the company, then describe the product or service in the context of the customer or industry’s pain point. Then, at the end, make the ask. Formula B: Identify the pain point before introducing oneself and the name of the company. Then describe the product or service, followed by the ask. While I am adamant that the only hard and fast rule of communication is that there are no hard and fast rules, I favor Formula B. People are most likely to embrace a solution when it is provided within the context of a problem they care about solving. By starting with a pain point, the entrepreneur is speaking to what an uninformed audience cares about right away thus making sure that the first thing their audience hears has intrinsic value to them. This helps the audience become immediately invested in solving the problem, which helps the entrepreneur to build some momentum. Full Article
v How Small Businesses Can Preserve Company Culture During Dramatic Change By www.small-business-software.net Published On :: Wed, 9 Sep 2020 15:21:49 -0400 One of the primary appeals of the contemporary small business, in my opinion, is the family-centric culture that comes from a close-knit team. While in modern America, many may feel swallowed by corporations, the notoriety of the small business proves that people still find value in the intimate workplace. Every industry across the globe has felt the staggering impacts of Covid-19, but small businesses were put under specific strain. Based on what I've seen, however, they have proved their undeniable resilience. As a proud member of a small business myself, I have felt the social deprivation of working from home firsthand. Similar to my own experience, members of thousands of other small businesses who have worked alongside each other for lifetimes have had to adjust to maintaining an office culture from the comfort (or discomfort) of their home. While online interactions can never compare to the in-person experience, many small businesses, like my own, found that being apart actually meant working closer together than ever before. Full Article
v 5 Deadly Sins That Can Wreck Your Franchise – and How to Avoid Them By www.small-business-software.net Published On :: Mon, 14 Sep 2020 15:25:58 -0400 The food and beverage industry is a tough game. Sixty percent of restaurants don’t make it past their first year, and 80 percent go out of business within five years. Those are hard odds. Franchising takes some of the risks out of the equation by giving you a proven model to work with. But being a franchisor with a proven model under your arm does not mean you’re suddenly bulletproof or immune to the laws of economics. If you start making unforced errors, you are going to fail. Here are the five reasons most people fail as the owner of a franchise. Avoid these deadly sins at all costs: Sin 1: Financial complacency Sin 2: Operational obtuseness Sin 3: Poor hiring choices Sin 4: Myopic risk management Sin 5: Mediocre offerings Full Article
v The Pandemic is Motivating 96% of New Entrepreneurs in 2020 By www.small-business-software.net Published On :: Wed, 23 Sep 2020 16:44:51 -0400 Ninety-six percent of new entrepreneurs say the pandemic is motivating or giving them the motivation they needed to start their own business. This positive statistic comes from Azlo, a banking platform for small business owners, freelancers, and entrepreneurs. In mid-March 2020, Azlo witnessed an uptick in new accounts opening. Wanting to understand the reasons behind the boost in business, Azlo conducted a survey. ‘The COVID Economy’ report interviewed 1,000 of Azlos newest customers across the United States. Full Article
v H&R Block Study Reveals Majority of Small Business Owners Need Personal Advice to Recover from Pandemic By www.small-business-software.net Published On :: Tue, 27 Oct 2020 16:09:47 -0400 Recovery is slow: In fact, more than half (56%) have experienced a slower recovery than expected after shelter-in-place orders began to expire, with nearly half of small business owners fearing they may need to shutter their business within six months if pandemic restrictions are not lifted or if shelter-in-place orders resume in the near-term. Survival requires adaptability: Yet despite fear of survival, owners are demonstrating resiliency and adaptability, with about a third (30%) creating products/services to meet new needs and half (50%) of those with an online presence increasing their digital footprint to meet the moment. And, they’re looking for help in making those changes – nearly 70 percent of female and 60 percent of male small business owners say they need one-to-one small business advice. They depend on their community: While small businesses continue to be important facets of communities, many small business owners have noted changes in their customers and worry that people will not be able to afford doing business with them. However, half of small business owners believe that there seems to be a renewed interest in shopping locally in their area. Full Article
v 4 tips to help your business survive the coronavirus pandemic from beauty icon Bobbi Brown By www.small-business-software.net Published On :: Tue, 3 Nov 2020 16:10:52 -0400 1. Focus on the positive 2. Hit the reset button 3. Never give up 4. Network Full Article
v How small business can thrive for the holidays By www.small-business-software.net Published On :: Tue, 10 Nov 2020 16:13:27 -0400 The end of the year is a critical time for businesses especially for small businesses that are looking to make the most out of holiday shopping. 23ABC spoke with two business consultants on how small businesses can adapt to make the most out of this final stretch of 2020. Starting with investing in your community. Their second piece of advice is to build an honest and transparent relationship with your customers and business neighbors. As times have slowed down, they are encouraging business owners to take a good look at who their ideal client is and reshape their marketing for them. Lastly, being collaborative and creative. Full Article
v How to Improve Cell Phone Signal By www.small-business-software.net Published On :: Tue, 17 Nov 2020 16:15:00 -0400 While telecom carriers are continuing to expand coverage areas and add cellular towers, most cell phone users still experience dropped calls and spotty coverage at times. Many external factors and things out of your control can inhibit cell phone reception. Fully understanding the variety of factors that can cause poor cell signal may assist you in knowing how to improve a poor cell phone signal. The following can all impact the strength of a cell signal: How to Improve Cell Phone Signal Full Article
v 5 Interview Questions for Any Prospective Employee By www.small-business-software.net Published On :: Tue, 1 Dec 2020 16:19:41 -0400 1. A question that delves into past experiences within working cultures and extrapolates where future environments may/may not align. For example: Creating the right culture is important for our company. Can you share details on a time you were in a toxic work environment, and how did management handle the situation? Describe when you were in a wonderful work environment and what management did correctly. 2. Deciphering how the candidates prefer to be managed as a key to ensuring management-style alignment. For example: Taking guidance from leaders is a critical part of any working arrangement. Describe how you like to be managed and how would you describe the ideal leader for your personality style? 3. Understanding motivations and expectations for long-term engagement. For example: We believe in long-term retention, and so we are cautious on the type of candidate we onboard. If you were going to commit to helping build this company long-term, what would it take for you to be happy and motivated? 4. Perspectives on their self-awareness of personal growth objectives and needs. For example: We all have challenges we are working to overcome. If you had to assess your challenges, where would be areas that you would focus to develop and look for support to improve? 5. Communication competence and tolerance for different interaction styles. For example: We all have different communication and coordination styles. What is the method you most effectively consolidate new information to inform your work, and what is your preferred communication style to align with your leadership and stakeholders? Full Article
v What You Can Do Right Now to Make 2021 Your Best Tax Year Ever By www.small-business-software.net Published On :: Thu, 10 Dec 2020 16:22:43 -0400 Traditional tax planning is transactional and, honestly, not nearly as beneficial as one might think. You ask your taxes preparer questions and figure out what to do in the spur of the moment. Creating a long-term plan of action for your taxes is how to create real savings, but it takes months to create an effective plan. Now is the time for business owners and investors to be planning to reap the rewards for the rest of 2020 and into 2021. Analyze income Many accountants suggest pushing income to a later year. There are a few different factors to consider when deciding whether to do this. First, is your income so low you lose deductions? Many personal deductions don’t carry over to the next year. Rather than taking deductions now, you may want to accelerate your income to make use of all your deductions. Another factor to consider is the next year’s tax rates. There’s a real chance that income tax rates could increase in 2021, so the best plan would be to accelerate your income into 2020 to avoid paying at a higher rate. Full Article
v A Covid-19 Vaccine Looks Promising. Can You Require Employees to Take It? By www.small-business-software.net Published On :: Wed, 23 Dec 2020 14:53:34 -0500 News of the vaccine also raises questions for business owners: Can you require employees to be vaccinated, and if so, how do you go about it? Employment lawyers and HR professionals say that policies regarding the flu vaccine are a good place to start. Many states mandate that hospital workers and other health care professionals, as well as school children and preschoolers in daycare, get flu shots and other vaccines. But it's not required for most professions. Generally, employers can require a flu vaccination, but an employee may be entitled to an exemption if he or she has a particular disability that needs to be accommodated, or a sincerely-held religious objection to taking the vaccine, says Michael Schmidt, a New York-based employment lawyer for Cozen O'Connor. In both cases, the employer may have to pay for the vaccine or reasonable accommodation. If you refuse to make accommodations for an anti-vaxxer, it's possible to face a claim for violating the Americans with Disabilities Act (ADA), the Civil Rights Act, or the Occupational Safety and Health Administration's whistleblower protection program. Most of the time, Schmidt says, the advice is for employers to encourage employees to get a flu shot rather than try to create a policy that demands it. However, he notes, many would argue that the Covid-19 situation is far more threatening than the flu is at this point, meaning a vaccine may be more crucial to the overall health of a workplace. Full Article
v That lovely Instagram shoutout could save a small business from shuttering this yearX By www.small-business-software.net Published On :: Fri, 1 Jan 2021 15:01:56 -0500 Kudos matter now more than ever. On average, social media endorsements of small businesses generate 23% of revenues, according to data from Amex. Few things put more smiles on the faces of small-business owners than social media recommendations about their products or services, but now, new research proves that those online shoutouts also put cash in their bank accounts. On average, social media endorsements of small businesses generate 23% of revenues—or approximately $197 billion—new data from American Express finds. Full Article
v Googles new Small Business Advisors program aims to help SMBs grow By www.small-business-software.net Published On :: Mon, 4 Jan 2021 15:04:14 -0500 Google has beta-launched a program for small businesses (SMBs) to help them become better marketers on Google. Called Small Business Advisors (SBA), the program offers 50-minute individualized consulting sessions on a range of products from Google My Business to Ads and Analytics to YouTube. No enterprises or agencies. Google told me in an email that the program is is open to small businesses in the United States with an active Google account. Large businesses, marketing and SEO agencies are not eligible to participate. The cost is $39.99 per session. There’s no fee through the end of 2020. Small business does not appear to be defined, so theoretically companies with up to 100 employees or even 499 employees (the U.S. Small Business Administration definition). As a practical matter, the program will likely be utilized by very small businesses with relatively few employees. Suspended accounts are not eligible to book an appointment and must get reinstated before gaining access to the program. Full Article
v How to Dispose of Old Cell Phones; Protect Your Data and Privacy By www.small-business-software.net Published On :: Fri, 15 Jan 2021 15:33:51 -0500 Whether your cell phone has a broken screen, is no longer the latest technology, or you are simply itching for the latest cell phone model, it is important that you take appropriate care in disposing of your old cell phone. Retain and Protect Your Data Cell phones are a treasure trove of information; think of the panic that strikes each time you mistakenly misplace your cell phone. The information contained in our cell phones is meaningful and it is important that you backup any data on the phone that you wish to retain. The data you backup would include: any music, photos, messages etc... If you are moving to a new cell phone you can often transfer the data you wish to retain to the new cell device. Protect Your Personal Information Cell phones often contain sensitive personal data, including passwords, bank information, payment methods, messages, contacts, videos, account numbers and much more. After transferring the data to a new device, information is still retained on your original cell phone. Providing this type of sensitive information to strangers could put you at risk for identity theft, other other types of fraud, or simply leave you very uncomfortable. How to Dispose of Old Cell Phones; Protect Your Data and Privacy Full Article