Smart Tips for Managing Small Business Cash Flow during Rapid Growth

February 20, 2017


You would think that an increase in orders and growing interest in your business would be good news all round as it means that your company is expanding, but without the right amount of cash flow to support that growth, it could spell trouble.

There are plenty of examples of business owners who have not been able to survive their growing pains because of a lack of cash to support their expansion, so you need to plan for what lies ahead.

Here is a look at some ways to keep on top of cash flow. There are some tips on keeping your business and personal expenses away from each other, an insight on what cash flow actually means, and details on how to produce a cash flow statement to help stay on top of your money.

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

February 20, 2017


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.

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Improve Productivity by Dealing with Email Overload Effectively

February 20, 2017

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Email has been hailed as one of the most important communication tools in this century. And it is for the right reason. Can you imagine continuing to use snail mail that would take 3-4 days to arrive at your doorstep in this day and age? Getting the email message on your computer, and now on your mobile device, instantaneously is one of the most effective communication technology of our time. Unfortunately, as with any other technology people have gone overboard with email and it is now being blamed for consuming majority of the day in people’s lives and, as counterintuitive as it sounds, loss of productivity. How can this be?

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Small Business Owners: Stuck in a Rut? Ask for Assistance

February 17, 2017


If being a start-up business owner has been your dream for some time, and now that you’ve achieved it you’re finding it to be more of a nightmare than you imagined, then you should seek help and advice on how to making it a success. Even if you are the type of person who is more of a lone wolf, and prefers to do things by yourself, asking for assistance isn’t going to show to be weak. What will show you to be weak would be your business collapsing.

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Ransomware: More Frightening Than Actual Ransom?

February 17, 2017


Here’s the deal: if you or a loved one gets ransomed, provided you pay the fee, the person doesn’t get hurt or injured, and everything can proceed as it had before without any loss to life, liberty, etc. But if your computer comes down with ransomware, you may continuously end up paying the ransom and never get your files back.

Additionally, there are some ransomware programs that will delete all your information if you don’t pay the fee; and they’re designed by hackers with no oversight whatsoever. What this means is that there are no standards against which the hackers are held. So if the worm only works in a one-way encryption, that doesn’t matter to the hacker.

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Advanced Technology Construction Businesses Shouldn’t Live Without

February 17, 2017


Technology has, without a doubt, revolutionized each sector in some way or another. The gadgets and gizmos of the 21st century have made the work done in many sectors much quicker and easier and has also improved the quality of work on offer. The things that many businesses do today, we couldn’t even have imagined doing 20 years ago.

The construction industry is one area that has benefitted hugely from advancements in technology. Technology is helping construction businesses in a number of ways, from making structural planning easier to improving security; technology has had a big impact on the sector. Thanks to smart technology, construction businesses run by contractors are able to work more quickly, improve the quality of the work that they offer, provide better proposal such as Construction RFI by Digital Edge by in timely manner and make a better profit.

The question is what are the pieces of technology that have made this possible? Let’s find out.

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Are Face To Face Meetings Still Relevant?

February 16, 2017


You might think that in person interaction is important in your business and perhaps you’re right. After all, it’s much easier to read the thoughts and impressions of a client or customer if they’re sitting right in front of you. Let’s not forget that just over seventy percent of communication is body language. At the same time, though, it’s fair to say that the world has changed a great deal in recent years and it seems that in that duration face to face meetings have become less important. Here’s why:

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Tips to Get the Most Out of POS Systems

February 15, 2017


The point of sale (POS) system is one of the most critical aspects of your retail business. If you don’t get things right, you could miss out on profit and leave the customer feeling bemused. With that in mind, we wanted to publish an article that offers expert advice. So, we recently spoke to a retail business advisor who helped to set the record straight. He came up with three simple rules that should help all shop owners to improve their POS solutions. If you manage to follow the advice on this page, you should notice drastic improvements straight away. Of course, you might have to tailor some of the guidance based on your retail niche.

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Benefits of Virtual Office for Small Business Owners

February 15, 2017


All businesses need an office of one sort or another. A startup may only need a desk and a laptop initially, but once the business grows in size and you have staff working for you, acquiring office space will become a priority.

Traditional office space works well if you need a permanent base for your business, but if you are going through a period of transition or opening up a branch office, a virtual office space for rent is a good choice.

With a virtual office, you pay a monthly fee for use of a postal address and telephone number. You may also be able to use facilities in the building, such as conference and meeting rooms, administrative support, and a ‘hot desk’. It’s the perfect solution if you don’t need permanent office space.

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4 Surprising Concerns That Can Demoralize Your Employees

February 14, 2017


Employee morale is one of the most important factors that determine the fate of any business. Running a small business requires you to be concerned about this, more than any other boss figure. For large corporations, 90% of the workers will never even be in the same building as the person in charge of the company. With a smaller enterprise, you have more personal input, so you can rely on your own judgment as to how staff is feeling.

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