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Blog posts for Business Tips

The Best Ways to Finance Your Start-Up Business

Posted on August 15, 2018 in Business Tips

Most people who start a new business use personal credit cards, personal savings and family loans for initial financing. However, not all entrepreneurs have the means to self-fund a business, so they may consider a bank business loan to access...

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Are You Embarrassed to Ask Your Client for a Credit Application?

Posted on June 29, 2018 in Business Tips

There is nothing to be embarrassed about asking for trade references on a business that is requesting credit from your company. It is a normal practice in business and most companies already have prepared a company credit app for suppliers.

Coming...

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How Can I Make Sure My Business Gets Paid On An Invoice billed on Credit Terms?

Posted on January 02, 2018 in Business Tips

As a business owner, billing on credit terms means you are now financing your customers as if you were a credit card company, an unsecured vendor of record. The moment you decide to offer credit terms to customers will be the day your business will...

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Conducting a Break-Even Analysis for Small Businesses

Posted on June 11, 2014 in Business Tips

A break-even analysis determines when a small business is expected to cover all expenses while simultaneously making a profit. Identifying startup costs can help small business owners determine the sales volume needed to business expenses on an...

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Follow the Signs to Safety: New OSHA Sign Systems

Posted on May 13, 2014 in Business Tips

In September 2013, the Occupational Safety and Health Administration issued a new rule that incorporated the latest versions of standards for safety signs and tags by the American National Standards Institute. The new is the first update in 40...

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Ways to Prevent FMLA Abuse

Posted on May 13, 2014 in Business Tips

Family and Medical Leave regulations are not simply written to catch employer wrongdoing. Along with compliance requirements are tools that employers can use to limit employee abuses. In particular, FMLA intermittent leave can cause many HR...

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The Smart Way to Create a Compensation Plan

Posted on May 07, 2014 in Business Tips

Like most companies, you probably use traditional measures to determine profit: selling more products, buying new equipment and moving into lucrative locations. Have you considered using a smarter compensation plan as leverage against the...

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Is Holacracy the Hot Business Trend for 2014?

Posted on May 07, 2014 in Business Tips

Organizational structure is essential to defining lines of authority and accountability within a company. This organized arrangement helps to set boundaries for expectations not only within the company, but also to some extent the company's...

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Complying with Affirmative Action Requirements for Veterans

Posted on April 23, 2014 in Business Tips

In August 2013, the Office of Federal Contract Compliance Programs announced a Final Rule that made changes to implementation the Vietnam Era Veterans' Readjustment Assistance Act. Basically, federal contractors and subcontractors are prohibited...

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Is Bitcoin Currency a Toss Up?

Posted on April 23, 2014 in Business Tips

If cash is king, there are some who believe the Bitcoin is going to rule the financial world. On the other side of the coin, there are others who think this virtual currency will disappear into cyber space. Literally.

Somewhere in between are...

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E-Commerce Trends in 2014

Posted on April 23, 2014 in Business Tips

As the business world moves into the second quarter of 2014, we are beginning to see the hits and misses of last year's predictions. From economic growth to changes in the labor market, economists and pundits took equal turns to tell us what to...

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Financial Processes to Protect Your Business from Fraud

Posted on March 27, 2014 in Business Tips

Unfortunately, some of the most innovative minds operate on the wrong side of the law. Rather than apply their knowledge of finance to putting their employer on a positive track, these people think of creative ways to embezzle money. New...

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10 Steps in Supply Chain Segmentation

Posted on March 26, 2014 in Business Tips

Many companies are trying to tackle two apparently conflicting challenges as a result of a slowed global economy and fierce competition. While not new to business practices, companies need to reduce costs while simultaneously driving growth...

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An Overview of Managed Services Provider Agreements

Posted on March 26, 2014 in Business Tips

A managed services provider agreement is a written contract between a provider and its client that outlines the level of service the provider will deliver. Essentially, the agreement outlines responsibilities of the provider and client to include...

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A Paperless Office Improves Efficiency

Posted on March 26, 2014 in Business Tips

According to the Environmental Protection Agency, the U.S. can save 7,100 gallons of water and 4,100 kWh of energy by reducing one ton of paper production in offices. The agency further reports that 10,000 sheets of copy paper are used by the...

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