ABCs of Small Business Industry: U is for Underwriter

Underwriting is a vital part of the financial and insurance industries. An underwriter is effectively the person that assesses risk, and determines the suitability of potential clients looking to avail of whatever service their employer provides, be it insurance, a loan, or capital. Underwriters have the responsibility of defining the terms within which the service will be offered. And, because of this, they are in very high demand. underwriterAfter all, without a qualified underwriter, lenders and insurance agencies would be lost. But how do you become an underwriter? And can underwriters work independently as a small business?

What do you have to do to become an underwriter? 

Normally, you at least need a bachelor’s degree in finance, or another business-related field. Underwriters also have to be meticulous, detail-oriented, and thorough. (more…)

SHARE:

Read More

There’s Still Time to Lower your 2014 Taxes

The 2 Tax Deductions that Business Owners Often Leave on the TableThe holidays are over– and so is 2015. You know what that means…taxes! If you haven’t started getting your 2014 taxes in order yet, you need to take the turn of the New Year as a sign that you should get going. After all, the sooner you start, the more time you have to get everything right.

Think back to the beginning of 2014. Did you wildly overpay? If so, that’s because you didn’t take advantage of all the methods you have at your disposal to lower your tax bill. Here is a handful you should definitely take a look at ASAP. (more…)

SHARE:

Read More

2015 Small Business Industry Predictions: An Infographic

2014 is about to wrap up, and, as is the case with the closing of each year, we can’t help but think about what the coming year will mean for small business. So we scoured the internet for predictions about 2015 and lessons learned from 2014 to create our latest infographic, “2015 Small Business Industry Predictions.”

One of the best things we found was this hopeful statistic: 58% of small business owners expect that they will experience growth in 2015. Entrepreneurs everywhere think it’s going to be a great year for business!

What are your predictions?

(more…)

SHARE:

Read More

Could a Microloan Be the Right Fit for Your Company?

Why You Should Hire For Personality Instead of ExperiencesIf you’ve come across the term “Microloan” while searching for small business loan options, you’ve likely inferred that it is a loan with a small borrowing limit. Maybe that sounds like just what your company needs, but you most likely have questions about how this funding alternative works. Just how micro are these loans? How do they compare to traditional bank loans and other borrowing alternatives?

Here are answers to small business owners’ most frequently asked questions about microloans: (more…)

SHARE:

Read More

3 Priorities You Shouldn’t Overlook When Launching A Small Business

Business_Owners_Holding_Money_SmYou have your business plan in one hand, and a cup of very strong coffee in the other. The paperwork is being processed, and the website is in the final round of edits. Your small business is almost ready to launch, but you’re worried you might be missing something.

Websites and business books are full of best practices, quick tips, and mistakes to avoid, but building a successful business isn’t strictly about the business itself. You need to build three pillars that will help launch your vision into the world. (more…)

SHARE:

Read More

CRM Solutions and Your Business: A Story Retold

CRM Solutions and Your Business: A Story RetoldWhat does CRM mean anyway? Customer Relationship Management (CRM) is essentially a system that enables businesses to manage data and information pertaining to clients. The aim is to increase sales and offer clients a better service and this goal is achieved by storing information, accounts, leads, and sales opportunities in a central database so that it is easily accessible by all members of the company, especially sales and customer service reps.

But isn’t CRM only available for the use of large firms? Not at all. Not only can small firms afford CRM solutions, but they can also easily integrate them with their existing operations (customer service, sales, and marketing) too. Once customer relationships start to improve, you will automatically generate a greater ROI in the process.

If your small business is ready to take on CRM, read on to find out which tools are the best bet for your business.

(more…)

SHARE:

Read More