It’s not easy starting a business. Nine out of 10 businesses fail in the first year, with a further 95% failing within five years. The statistics are sobering, but there are many benefits to starting a business. You can be your own boss and if the business is a success, the financial rewards are immense.
The entrepreneurial landscape has never been better. There has been a sustained shift towards entrepreneurialism in the last few years. In 2015, 608,110 new businesses were started, which was a 4.6% increase on the previous year. It’s become easier for people to start a business. Despite the economic upheaval in the last few months, there is every indication that [...]
With all of the technological advancements in the world of small business advertising, many business owners have forgotten about tried and true methods of marketing. One of the most widely used and successful methods of getting your business the attention that you want is by using a printed banner. A well designed and aesthetically pleasing banner can do wonders for your business, which is why so many business owners utilize them. In order to have success with your banner marketing, you will need to find an experienced printer in your area that can produce the look that you want. Here are a few of the many benefits of using banner printing and office signs Toronto for your small [...]
Owning and managing a business is not easy job and in order to be successful you will have to put in a lot of hard work. There are so many different challenges that come with owning a business and meeting them can be a bit daunting at times. For a new small business owner, finding their way through the competition can be a bit hard to do. In order to get the advice needed to get through the beginning stages of a new business, you will have to employ professionals. Here are some of the ways a small business consulting Vancouver professional can help you.
Defining Your Objectives
The first thing a consultant will do when hired to help you is establish what your main [...]
It’s no surprise that accounting can be an odious task, and year-end closing is the worst of all. Fortunately, there are some things you can do as a small business owner to make the task a little easier.
Having outstanding accounts payable and accounts receivable make accounting all the more difficult. Under accrual accounting, these outstanding accounts will be adjusted at the end. It is must easier if you can clear them outright and not need to do the manipulations at the end of the period.
Write off Bad Debt
When you offer credit or purchase order invoicing, there is a risk that some will not pay. Once you determine there is no [...]
Everyday entrepreneurs enter the marketplace with novel ideas and products that are meant to revolutionise the way in which things are done. Whether it is a physical product or intellectual property that goes beyond what is currently on the market, nothing would get very far without operating capital, especially in the very beginning. If you are an entrepreneur seeking funding for your venture, there are some things you should know prior to seeking venture capital from financial backers. Here are some thoughts to help you succeed at raising venture capital to fund your startup.Incorporation of Your Company a Must
Long before seeking financial backing, venture capital, it is [...]
No matter what your cause as a charitable Non-Profit Organisation, NPO, your ultimate goal is to raise funds to support your charity. Whether those funds are going directly to the group of your choice or are going to be used to promote an awareness of those needs, you can’t do much without the funds to make that happen. Take advantage of a global network of donors with these 5 online strategies charitable NPOs should use to boost fundraising.1) Tap into the Power of Social Networking
Never underestimate the power of social networking. From sites like Facebook to one with those rapid-fire short bursts of messaging like Twitter, the best way to promote your cause and bring in [...]
Many companies are now striving to achieve a paperless office environment, and those who are ahead of the game are aware that not only is a paperless office desirable, it is also necessary. This is why electronic document management systems (EDMS) have taken off across the globe. Of course, with the advent of cloud computing, using a cloud document management system like .margolis.co.uk has improved the basic idea of the EDMS, and has taken the systems to another level. If you are not yet savvy with the idea of a cloud document management system, here are a few reasons that one could be a benefit for your business.Easy Access
The reason that companies need to keep data is so [...]
The year 2014 was a record-breaking year for security breaches, according to the cloud security provider Bitglass. The average breach lasted 205 days and cost businesses an average $5.5 million. This doesn’t include damage to brands or the angst to employees and customers.
Are breaches inevitable? Maybe. This doesn’t mean companies can’t fight back. As with any threat, education, prevention, and a response plan can lessen the impact.Education on Risks & Prevention
Personalize the security training you deliver to employees to include information about how they can protect their data. When it comes to security and data breaches, we are all in this [...]
According to research by Google, the words “near me” used in searches has increased 34 times since 2011, with 80 percent of those queries coming from mobile devices. More than ever, consumers are relying on their mobile devices to find businesses, shops and restaurants. If they haven’t already stepped up their mobile game, businesses must get up to speed on the latest in mobile device technology, including the following areas:
Enhanced Camera Capabilities
Smartphone cameras aren’t just used for snapping photos and taking videos anymore. Phones like the Samsung Galaxy S5 can scan text and even provide dictionary definitions and translations with [...]
Regardless of how many business endeavours a person has learned from, there’s not much that can prepare someone for the challenge of building and launching a successful website independently. Of course, if you’re willing to pay the professionals to do it all for you then success is not so difficult to obtain. However, if you’re planning on doing most of the groundwork yourself, be prepared to deal with a lot of studying and trial & error. To help you minimise such trial and error we’ve provided the following four tips you can use to make your first site look as professional as possible:1. Build a Content Strategy First
Creating a robust content [...]