New and Upcoming Business Techniques

New Business TEchniquesTraditional practice and descriptions of business development are more concerned with marketing techniques to grow an enterprise. Most of the focus in these techniques centers on traditional marketing techniques with a strong emphasis on customer acquisition, (finding and reaching customers), and customer retention (keeping customers satisfied).

New business techniques focus more on going beyond the product and service that a business offers. It also encompasses advice, delivery and adapting to the customer’s needs. New business techniques are therefore concerned with an enterprises service and or product, marketing and design of a business model. Continue reading

Mo’ Money, Mo’ Problems: Sales Tax Edition

Your eCommerce store is growing! That’s a good thing, right?

Well, for the most part, darn right it is. But as you’ve probably noticed, as your little online store grows up, so does the complexity of running it behind-the-scenes.  And one of the most complex aspects of running a thriving online store is dealing with sales tax.Wallet

Today we’ll help you pinpoint some of the more onerous aspects of handling sales tax compliance in your growing eCommerce store, and what you can do to put a lid on sales tax.

Problem: You have sales tax nexus in multiple states

Let’s say that when you started your business you lived in and ran everything about your business – sales, fulfillment, customer service – out of your garage in California. Sales tax in this instance is simple. You have sales tax nexus in California and must collect sales tax from buyers in California. If you sell to a buyer in another state where you don’t have any significant connection, like Virginia, then you don’t collect sales tax. Simple, right? Continue reading

Everything You Need to Know About Working Capital: An Infographic

From our friends at Sollertia:

‘Working capital’ is one of those phrases frequently used in business, but often misunderstood. With this in mind, we at Sollertia thought it was about time somebody put a really good infographic together on the subject.

What is working capital?

Put in its simplest terms, working capital is the money to which a company has immediate access. When valuing itself, a firm may include the land and property it owns, along with fixed assets like machinery. These have value of course, but the cash is locked up in them, so getting access to it would take time and involve major changes.

Calculating working capital means weighing up your current assets against your existing liabilities. It might sound complex, but the infographic gives the lowdown on how you should go about this, and what you should and shouldn’t include. Continue reading

5 Ways to Boost Business Productivity

Garden_Shop_OwnersProductivity is at the heart of any successful business and taking steps to improve the efficiency of your work force might be easier than you think. If you think your work environment could do with a shake-up but don’t know where to start, you’re in luck. We have put together a list of 5 ways you could boost your business productivity with very little effort. Sounds good, right? Keep reading to find out more:  Continue reading

7 Key Inventory Metrics every Small Business Should Know

owning and operating a small businessYou’ve launched your Business and are steadily getting orders from customers. You’ve built an inventory of products to ship them as soon as possible and handle more customers. But how do you ensure everything in your inventory is running smoothly, every day? How can you take your business to the next level?

Small business owners need to regularly monitor the important numbers about their inventory to ensure all processes are running smoothly. This enables them to easily identify areas where they can grow revenue, increase efficiency or streamline costs. Here are 7 key inventory metrics small business owners need to keep an eye on. Continue reading

5 Things You Need to do to Improve Project Management in 2015

Group of business associates looking and pointing at a chart put up on the wallKeeping your small business’s project management up to date can seem nearly impossible. With the rapid advancements of technology in the recent years it feels like once you finally get caught up with one thing, everything else has changed, and you’re back at square one. However, there are ways you can utilize these technological upgrades to your benefit – but how? This article will explain the 5 things you can do to get ahead of the game and boost your business’s project management in 2015. Continue reading

6 Secrets To Transform Your Small Business Into A Smart Organization

touchscreen interfaceWorking better means working smarter, and there are many ways to achieve this, from being more organized to learning valuable time-management skills. Additionally, today’s ever-advancing technology offers employees, managers and business owners a plethora of tools, resources and apps that are designed to help businesses work smarter in all areas, helping them to cut costs, improve productivity, save time, and improve communication.

Searching through the thousands of tools and apps to find the best ones for your business can be a trying, time-consuming, stressful tasks, which is why we’ve created this short list of tips and tools you might utilize and take advantage to transform your entire business into one that works smarter, from top to bottom. Using the tips and tools listed below will help you improve organization and subsequently increase productivity and profits within your small business. Continue reading