November 25, 2020

documenting

In my last article on Cost Effective Marketing Strategies for small businesses I discussed how you can use Mass Media on a small budget very effectively. Established businesses can also benefit from developing a Business Plan to attract further funding, manage rapid growth, or reevaluate the company’s vision and goals. As businesses are competing in an ever increasing competitive environment, controls over performance are essential in driving the company in the most profitable direction possible. Control is the process of assuring that organizational goals are achieved, which usually involves five key steps: setting up the standards of performance, measuring actual performance, comparing actual performance with planned performance, deciding whether any deviations are excessive, and determining the appropriate corrective action needed to bring actual performance into conformity with planned performance. Obamacare has not been implemented, so for the last six years the country has been in flux on healthcare. Adding the … Read the rest

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How can a business, large or small, stay afloat in today’s crazy economy? One of the easiest ways to make payments these days is by credit card and you will want at least one that is exclusively used for business purposes. There is no “best” credit card for small business and usually your bank will be able to provide you one. Keep in mind that you want one that is easy to set up and maintain electronically, that is widely accepted (especially if you travel for business), and has a high enough limit for what you need. Remember that building up credit for your business is just like building up credit personally, the better your history the higher your limit will be. Opening a business credit card is not really as daunting as it may seem. Yes, there are a lot of paperwork requirements, but it’s important to protect your … Read the rest

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The Business Owners Policy, otherwise known as BOP, may well be the key to protecting any small business. Another proven and profitable idea to start an internet business is to maintain an online store. You can provide products to your customers online. Yes, you can set up an e-commerce or retail store online and you can start this online business from home without even owning a single product. You can sell virtually anything ranging from books, clothes and electronics to household item through wholesale drop shipping or by setting up an affiliate store with Amazon or eBay. Executive Pension Plan is regulated by the Pensions Regulator. In most cases the employer pays into the plan, in others, both the employer and the employee pay in the plan. Thus a tax-efficient fund is designed for the employee. This is used to provide tax-free cash and a pension income to the executive … Read the rest

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