Tag Archives: small businesses

‘Is it safe to hire?’ Business owners don’t trust recovery | MoneyCnn

The economic recovery may be continuing, but small business owners aren’t ready to put the rose-colored glasses back on.

According to an exclusive CNNMoney-Manta survey released Tuesday, 28% of small business owners said the economy is the “biggest challenge” they’re currently facing, topping issues like sales, regulations and financing.

The survey polled over 1,500 small business owners across the country. Even those experiencing revenue growth are hesitant to test their luck. “We’ve done well as a small business, [and] banks are willing to lend us money,” said Victoria Aguilar, the founder of a small law and consulting firm. “But is it safe to bring on another employee?”

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  3 Strategies to Work Positive in a Tragedy | Getentrepreneurial.com

As I left our home and drove around the mountain, fog enveloped me quickly. Unexpectedly.

There was no sign of fog when I pulled out of our garage.

The business environment changes that quickly, also, particularly with what influences our customers’ and clients’ lives.

For example, the shooting down of the Malaysia airliner over the Ukraine suddenly dominates our conversations, news media, buying habits, and prayers. It fogs our perception.

So how do you do business when tragedy fogs over your business? Here are 3 Strategies to Work Positive in a Tragedy.

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Cash Flow Management Tips for Small Businesses | Businessnewsdaily.com

Managing cash flow is a challenge that many small business owners don’t realize can make or break a business, but streamlining the process is easier than you might think.

“Many great operators who understand their industry and how to deliver for the customers don’t have an understanding of what it takes to grow, maintain or create efficiencies in their operating cycle to empower their business,” said Quincy Miller, executive vice president and head of business and commercial enterprise banking sales at RBS Citizens Financial Group.

“Companies that have accelerated their receivables, streamlined their banking operations and established more-advantageous payment terms and processes with their vendors, suppliers and customers have a definite competitive advantage in today’s marketplace, no matter their business,” Miller said.

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Does Your Company Suffer from a Weak Website? | Allbusiness.com

Are you doing the bare minimum when it comes to your small business website? Just having a website is no longer enough if it ever was. You’ve got to take action to get potential customers to discover, engage with and buy from your business. And that means creating an integrated online marketing plan where all parts of your Web presence work together.

Deluxe Corporation recently polled small business owners to find out what they’re doing online. Here’s some of what they found:

Small business owners say word-of-mouth is their most important way of engaging with customers 73 percent. However, they don’t seem to realize that social media has become a crucial part of word-of-mouth. Just 21 percent say social media is an important way to engage with customers; in comparison, 40 percent say business cards are.

What about websites? While two-thirds of small business owners have a business website, that number is still way too small. As I mentioned earlier, having a website is the bare minimum these days. Small business owners are also falling short in what features they have on their website. Fewer than half have photos or videos; just 32 percent use search engine optimization SEO, and only 28 percent have reviews or social media share/follow buttons.

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Tackling Modern Customer Service Challenges | Businessnewsdaily.com

Customer service should be a top priority for any company. Customers keep your business going, and making them happy is the best way to ensure that they’ll continue to come back. In today’s world of social media and 24/7 connectivity, it’s easier than ever to keep the lines of communication open between you and your customers.

“We live in an age when everyone is constantly connected to each other via the digital universe across email, Twitter, chat, etc.,” said John Joseph, co-founder of data solutions provider DataGravity. “Technology gives [businesses] the ability to correspond with customers more efficiently, and companies — especially startups — need to take advantage of the tools they have to communicate with customers.

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When You Should Delegate, and When You Shouldn’t | Mashable.com

“Non-delegator” sounds so much nicer than “control freak” or “know-it-all,” but truth be told, that’s just semantics. Delegating can be scary — especially if you’ve been burned before and if you know exactly how you like things done — but I probably don’t have to tell you that it’s a crucial part of moving up the ladder.That said, that instinct to hold some projects close to the vest isn’t always a bad thing. Sometimes you really should keep a project on your own plate. The trick is knowing when you should pass a task along hint: the correct answers go way beyond when you’re too swamped to care how it’s done and to whom.So, take a deep breath, have faith that your colleagues and employees are capable of doing a great job, too, and use the guide below to discern if you’re keeping a project because it’s the sensible rather than territorial choice.

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6 Entrepreneurs Anonymously Share Their Secret Fears | Inc.com

worry2_38213Launching a business is not for the faint of heart. Even those who have been at it for years and appear to be “successful” are plagued with anxiety and fear. Some of their fears may seem irrational to you, while others are ones you may experience yourself.

Is it possible that the secret ingredient to becoming a successful entrepreneur is to never let go of your fear? Maybe. But one thing for certain, it isn’t always easy to share your fears with others.

Many entrepreneurs feel it’s their job to exude confidence to instill trust in their customers, employees and investors. As a result, they hide their feelings and their fears become secrets. We asked six entrepreneurs to share their secrets with us:

1. “I worry that I’ll work so tirelessly that I’ll miss out on living or enjoying my life. That includes spending time with my family. I have twin toddlers and don’t want them to grow up feeling like they’re competing with the back of my iPhone or laptop. I want to be present and undistracted when we are together. I want those times to be often and enduring, not cut short by an incoming email or call. I want to be able to have free time to just think or read or take a leisurely walk just without a looming pressure that I’m neglecting someone or something. When I first started my company, being busy made me feel important. Now, having free time I work on vacation, nights and weekends feels like the ultimate sign of success.”

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