A merchant account is a bank account that lets businesses accept payments with credit cards and debit cards. When a customer pays for something with a credit or debit card, the funds are first held by the merchant account before they are transferred to a business bank account. Transfers to a business account are then […]
03
Sep
Sep
Working from home comes with a number of advantages. If you work from home, chances are you’re your own boss and run your own business. However, it can be difficult to stay motivated working from home. Maybe you’ve spent decades in a normal job. Now that you have the freedom to set your own hours […]
01
Sep
Sep
There are key differences between having a hobby and having a business. These include differences in insurance, tax, and legal obligations. Your obligations, like tax obligations, begin once you start a business. What Makes A Business There are many factors which can help you determine if you have a business rather than a hobby. […]
01
Sep
Sep
Most business owners don’t have a sales team and have to be their own sales representative. If you have a sales background, this can work out in your favour. However, most business owners haven’t been trained in sales. It’s important to take the time to learn sales skills so that you can better represent your […]
28
Aug
Aug
Customers are the core of your business. Without them, you wouldn’t have a business. So it’s important to develop good communication skills with your customers to build lasting relationships. Satisfied customers will refer others to your business and become loyal to your brand. Here are some tips to communicate effectively with your customers. Communicate Well […]
26
Aug
Aug
Customer Service is one of the most important things in your business. However, it’s often overlooked by businesses that are starting up. Most businesses focus on getting potential customers in the door. They look at how they can increase demand for their products and make more sales. Yet, many businesses overlook customer service. Customer service […]
25
Aug
Aug
It’s essential to have a business plan for your business. Whether you’re a sole trader or starting a company, it’s important to have a plan for how your business will succeed. But a business plan can be an overwhelming task to complete when you’re first thinking about starting a business. An in-depth business plan can […]
20
Aug
Aug
If you’re thinking of starting up a small business, you’ll need to create a small business plan. However, most new business owners don’t understand the purpose of a business plan and why it matters. To create a business plan that’s truly useful it’s important to understand a few things first. What Is A Business […]
19
Aug
Aug
Many people ask themselves “is writing a business plan really necessary?” The simple answer is yes. Because it gives your business a blueprint for success. If you were to build a house you wouldn’t build it without a plan. The same is true of starting a business. However, a business isn’t static. You have to […]
18
Aug
Aug
Business partnerships come with many advantages. They allow pooling of skill sets They allow the sharing of start-up costs They allow the distribution of risk They create an extended marketing network Unfortunately, up to 70% of business partnerships fail. It’s important to realize the common reasons business partnerships break down so that you can […]