Small-business owners may need to compare different kinds of health insurance plans for themselves and their families. In some cases, entrepreneurs will even offer group medical plans to help them attract and retain good employees. As business owners strive to keep premiums as low as possible, they also want their employees to enjoy the best benefits possible. Typically, managed care health insurance policies provide the optimum balance between affordable premiums and good coverage. (more…)
Project management is an art which has to be understood both in terms of theory and practical application to be utilised in a successful way. There are dozens (sometimes thousands) of things that can go wrong on any project, from small integration processes to the biggest engineering projects in the world. It is the project manager’s responsibility to ensure that they are dealt with as quickly as possible with as little disruption caused to the project as possible.
There are a lot of good project managers, but not many great ones – how can you elevate what you do to ensure that you’re a level above everyone else working in the project management field? (more…)
Almost every good student in the country desires to acquire a post-graduate degree in management irrespective of what he or she has studied, because the trend favors adding a management qualification in giving them a competitive edge in the fiercely tough job market. Consequently, there is a lot of agonizing about the merits of the B-schools where the management education can be acquired. However, there are many who omit to look into the basics of where they really want their careers to go to and what they should be focusing on. One of the lesser-acknowledged debates is the choice between a management degree (MBA) and a diploma in management (PGDM). It is important that all students of management know exactly what the differences are so that they end up making a choice that is more rational and founded on
knowledge than assumptions. (more…)
A question every small business owner should ask himself is, “what gets my customers in the door?” There are lots of reasons a customer could choose your businesses, but we found it often boiled down to three main options: customer service, competitive pricing, or the product/service itself. Of the entrepreneurs we asked, 50% think their customers choose their business due to their customer service. Product comes in at second at 43%, and price was dead last at .06%. We asked our small business experts to elaborate on why they think their customers choose them over competitors. Here’s what they had to say… (more…)
For some time, websites were fairly standard. They existed to provide information – basic company histories and overview, pricing, product listings and contact information. As long as a company could be found online, it was thought to be sufficient.
Things have changed. With the rise in smarter search engine crawlers, a customer base hungry for information and a focus on website statistics like conversions and bounce rates, standard is no longer enough. (more…)
For today’s business basics, we’re taking it back a little bit. We’ve talked about the ins and outs of incorporating throughout the years, but we thought we’d remind you of the no-nonsense benefits that come along with incorporating with a filing service.
When you incorporate a business with a professional document filing service, you save time, money, and energy. (more…)
For new businesses, the idea of starting from scratch building any community on social media can be intimidating.
In fact, sometimes it seems like the first one hundred or so followers will never come!
While some would argue that the numbers don’t matter as long as the followers are targeted, I think all would agree that a large TARGETED following is ideal.
Why exactly is a large following important? (more…)
There’s nothing simple about starting and owning a business. Choices are everywhere — in business plans, company names, pricing, employees, benefits and office space. But first, in order to register your company with state and federal agencies, you’ll need to choose a business structure, and this choice can have ramifications that are not immediately clear.
A business’s structure is basically the way it’s organized. It answers questions like who’s in charge, how profits will be distributed and whether owners are responsible for debts accrued by the business. The most common IRS-recognized business structures include the following: (more…)
Today’s overcrowded job market makes sourcing and engaging talent somewhat harder for small businesses. Usually kept very busy by their many responsibilities, owners of small companies are unlikely to spend lots of time on recruitment – they simply cannot manage all those things at once. That’s why improving recruitment in small businesses is based on simplification. Once the hiring process is simple, clear and uncomplicated, managers significantly improve their chances at having a surge of new talent knocking at their door. Here are 5 things you can do right now to improve your hiring strategy. (more…)
It’s no secret that providing excellent customer service can lead to earning repeat business, and overall success. We wanted to find out what customer service tricks other small businesses were utilizing to keep their customers happy. So we asked our small business experts what their number one customer service tip is. Here’s what they had to say… (more…)