Displaying All Posts in the Business category

8 Productivity Pitfalls New Entrepreneurs Must Avoid

why businesses fail

Building a business takes a lot of time.

With so many things to do and not enough hours in a day to finish them all, new entrepreneurs find out pretty quickly how valuable their time is.

If you’re starting a business on your own, then you know you’ve got to make the best possible use of your time every single day.

Productivity doesn’t mean being busy all the time but being busy with the right things. It means knowing which tasks to pick and which ones to delegate or put off for another day.

Want to know more? Here are productivity pitfalls you should keep your eyes peeled for. Hopefully, by knowing them in advance, you’ll have a better chance of avoiding them in the future. Click Here to Read Article …

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7 Tools to Improve Your Writing

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If you are aiming toward great success in the business world, then you have to pay attention to your writing skills.

Emails are often the first tool of communication between business people, so the impression these messages leave is essential for successful collaboration.

If you are part of the business world, then you probably don’t have time to spend entire days reading books and practicing your writing skills.

However, that doesn’t mean you should give up. You can polish your writing skills and become a more successful business person with a few tools. Click Here to Read Article …

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The Importance of Starting and Maintaining a Business Budget

financial budgeting

A large percentage of small businesses fail within one year of operation.

While circumstances vary as to the cause, one of the obvious reasons is that they’re financially incapable of continuing to operate.

There is a lot of money that goes into starting and running a business.

You need certain equipment, marketing, funds for hiring people and for emergencies.

The only way to manage all of this is to have a budget. Once you establish one, you need to stick to it. Click Here to Read Article …

6 Tips to Work More Efficiently

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Organization: The eternal enemy of employees. Of everyone really. Getting organized would mean extra input of effort and work.

“Why would I do that? I get my work done.”

Efficiency is the answer.

Imposing organizational strategies will make you work more efficiently, prevent headaches and will let you display your work at a glance.

We can’t force everyone into good habits — some have work-load chaos deeply rooted within them — but for those seeking improvement, these tips will be of great value. Click Here to Read Article …

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5 Easy Ways to Promote Your Restaurant

how to run a successful restaurant

Running a successful restaurant involves a lot more than putting good food on a plate.

While the failure rate of new restaurants isn’t quite as bad as the popularly quoted 9 out of 10, the rate still hovers around a formidable 60% according to Bloomberg Businessweek.

We’ve all seen the flurry of television shows revolving around restaurant culture, everything from Restaurant Impossible and Restaurant Stakeout to Restaurant Takeover.

If you’re running a restaurant without the help of a professional TV crew, you might have to take matters into your own hands. Thankfully, marketing your restaurant is easier than you might think.

Here are five easy ways to promote your restaurant, from merchandizing with custom design sweatshirts to generating interest with regular promotions: Click Here to Read Article …

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Bring the Convenience of an Ecommerce Store to a Brick and Mortar Location

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Every business owner wants to increase their bottom line, and brick and mortar retail stores are no exception.

The overhead and competition with larger online markets can make it more difficult.

This may be one of the reasons why many businesses are unaware of the fact that those same online solutions can be brought into their location to make business run more efficiently.

These solutions can also help a business reap more profits.

The U.S. Small Business Administration recommends that businesses that have physical retail locations consider using ecommerce solutions to help them run their business. Businesses just need to learn more about the benefits ecommerce has to offer them and just how easy it is to implement and use these systems. Click Here to Read Article …

Outsourcing Doesn’t Necessarily Have to be a Bad Thing

outsourcing doesn't necessarily have to be a bad thing

Nobody is going to argue that outsourcing, as a general idea, is usually considered a bad thing.

The nightly news is full of stories about huge corporations who dodge tax burdens and destroy jobs by outsourcing their basic needs, like customer service, to other countries.

Sometimes though — especially when you are running your own business — outsourcing can be a good and helpful thing.

Here are the top three things that you can (and should) outsource when you are building a business of your very own. Click Here to Read Article …

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How to Save on Business Travel

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I am finding that in my role I am traveling more and more on a monthly basis. I am becoming increasingly aware of these costs for the company I work for.

Businesses everywhere must find new and different ways to slash costs if they want to survive in today’s economic climate.

Gone are the days of reckless business travel for huge numbers of executives at the drop of a hat!

Well, for most of us anyway. But it’s vital not to lose out on business travel when it is necessary.

It can be the difference between making a certain sale or retaining business. In the days of video conferencing, Skype and instant messaging, it’s still important to remember that the personal touch can mean the difference between a good business and a great business. Click Here to Read Article …

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How to Become Financially Independent

how to become financially independent

Financial independence is the dream many individuals aspire to reach.

The idea of being able to earn your own income is a worthwhile thing to pursue, and luckily if you’re an entrepreneur, you’re already a step ahead of the rest of the world.

On the other hand, just because you’re bringing in your own source of income at the moment doesn’t mean the situation is set in stone.

Whether you’re an aspiring entrepreneur currently working for someone else, or an established business owner, here are a few steps you can take to protect and preserve your financial autonomy. Click Here to Read Article …

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10 Ways to Solve Your Problem

Some problems just won’t go away.

No matter what we try, they are like the Energizer Bunny: They keep going and going and going!

The good news is that there just may be a way to resolve that problem once and for all.

In fact there may be many solutions.

Here are 10 different ways to help you think about and resolve your most difficult problems. Click Here to Read Article …

Why Employee vs. Independent Contractor Classification Matters [INFOGRAPHIC]

Why Employee vs. Independent Contractor Classification Matters [INFOGRAPHIC]

Although some may overlook it, classifying someone as either an employee or a contract worker matters for both businesses owners and employees.

Businesses can face issues with the IRS for improper employee classification, and employees may be getting the short end of the employment stick if they are improperly classified in terms of both pay and benefits.

This infographic, compiled by Wunderland, a creative staffing agency, provides useful information for both business owners and job seekers about the differences between being classified as an independent contractor vs. being classified as an employee.

It also covers what you need to know about job mis-classification along with the risks of improper job classification, and how to protect yourself at work.

Here are some key points to note:

  • As an employee, much of the burden of the work falls on the employer, from training to providing you a computer and other resources to assuring your taxes are being paid from your wages.
  • A company can try to take advantage of an employee by improperly classifying them as an independent contractor.
  • Employers can work with a staffing firm to avoid mis-classification and IRS tax audits.

Check out the full infographic below and let us know your thoughts in the comments!

contractor vs employee

 

What do you think? Is it easy to distinguish an employee from a contract worker in your line of work?

Trends: Office of the Future

In the last 50 years there have been dramatic changes in how working space has been provided to employees.

Once, almost everybody who was somebody had an office and almost all of them had windows.

Eventually this was winnowed down to open space design and cubicles.

Now it appears we are ready and in some cases already experiencing an office-less working environment. Click Here to Read Article …